United States Tungsten-Based Materials Recycling Market 2025 | Growth Drivers & Investment Opportunities

Market Size and Growth

Global Tungsten-Based Materials Recycling Market reached US$ 799.2 million in 2023 and is expected to reach US$ 1,363.6 million by 2031, growing with a CAGR of 7.1% during the forecast period 2024-2031.

Key Development:

United States: Recent Industry Developments

✅ In June 2025, Globe Metal announced a strategic partnership with leading mining equipment manufacturers to enhance the recycling of tungsten-containing materials from mining tools and machinery. This collaboration aims to streamline the recycling process and improve the recovery of valuable metals.

✅ In May 2025, Tungco, a prominent player in the tungsten recycling industry, unveiled a state-of-the-art processing facility in Kentucky. The facility is equipped with advanced technologies to efficiently recycle tungsten carbide from various industrial applications, contributing to a more sustainable supply chain.

✅ In April 2025, the U.S. Department of Energy announced a $10 million grant to support research into innovative recycling methods for tungsten and other critical materials. The initiative aims to reduce dependence on primary mining and promote the circular economy.

Japan: Recent Industry Developments

✅ In July 2025, Sumitomo Electric Industries achieved a significant milestone by commercializing a new tungsten recycling technology. This advancement allows for the efficient recovery of tungsten from used cutting tools, ensuring a stable and sustainable supply for manufacturing processes.

✅ In June 2025, Mitsubishi Materials Corporation announced plans to expand its tungsten recycling capacity in collaboration with Japan New Metals. The initiative is part of the company's strategy to enhance resource efficiency and reduce environmental impact by 2030.

✅ In May 2025, Japan's Ministry of Economy, Trade, and Industry (METI) introduced new regulations incentivizing the recycling of critical materials, including tungsten. The policy aims to strengthen the nation's supply chain resilience and promote sustainable industrial practices.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/tungsten-based-materials-recycling-market?sb

Tungsten-based materials recycling is the process of recovering and reusing tungsten from scr@p, industrial waste, or end-of-life products to produce high-quality tungsten compounds and alloys. This practice conserves natural resources, reduces environmental impact, and supports sustainable manufacturing in industries such as electronics, aerospace, and automotive, where tungsten's high density, hardness, and thermal stability are critical.

Recent Mergers and Acquisitions

United States: Recent M&A Developments

✅ In August 2025, China's CMOC Group announced plans to pursue further mergers and acquisitions, particularly in resource-rich regions such as Africa and South America. The company is actively exploring and negotiating new projects, with a focus on expanding its molybdenum and tungsten holdings when the timing is favorable.

✅ In March 2025, Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp, announced its definitive agreement to acquire Radius Recycling for $1.34 billion. The deal aims to leverage Toyota Tsusho Corp's financial strength and advanced recycling technology to help Radius expand into the automotive market. The acquisition is expected to be completed in the second half of 2025.

Japan: Recent M&A Developments

✅ In August 2025, Japan's Sumitomo Electric Industries announced plans to expand its tungsten recycling operations. While specific acquisition details were not disclosed, the company aims to enhance its recycling capabilities to achieve a stable supply of tungsten and reduce dependence on imports.

✅ In May 2024, Mitsubishi Materials Corporation announced the acquisition of H.C. Starck Holding GmbH, a leading manufacturer of tungsten and tungsten carbide powders. The acquisition, completed in December 2024, enhances Mitsubishi Materials' global presence and strengthens its tungsten recycling capabilities, aligning with its commitment to sustainable resource management.

Key Players:

GEM Co., Ltd, Masan High-Tech Materials Corporation, Sandvik Group, Sumitomo Electric Group, Tungco, Oerlikon, Global Tungsten & Powders, Umicore, Tungsten Alloy CO., Ltd. and Hyperion.

Growth Forecast Projected:

The Global Tungsten-Based Materials Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Tungsten-Based Materials Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=tungsten-based-materials-recycling-market

Key Segments:

By Type: Direct Recycling, Indirect Recycling, Melting Metallurgy

By Tungsten Material: Tungsten Carbide, Tungsten Alloys, Tungsten Metal

By Application: Cemented Carbide and Alloys, Electronics and Electrical Industries, Chemical Applications, Others

Regional Analysis for Tungsten-Based Materials Recycling Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Tungsten-Based Materials Recycling producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Tungsten-Based Materials Recycling revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/tungsten-based-materials-recycling-market?sb

FAQ

What is the current size of the Tungsten-Based Materials Recycling Market?

A: In 2023, the Tungsten-Based Materials Recycling Market was valued at US$ 799.2 million, reflecting its strong industry presence.

Q2: How large is the Tungsten-Based Materials Recycling Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Tungsten-Based Materials Recycling Market will grow to around US$ 1,363.6 million, demonstrating significant expansion.

Q3: What is the growth rate of the Tungsten-Based Materials Recycling Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2024 to 2031.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?sb

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?sb

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.