Press release
Tungsten-Based Materials Recycling Market is expected to reach US$ 1,363.6 million by 2031, Asia Pacific holds 54.2% share of global market .
Tungsten-Based Materials Recycling
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The demand for essential metals, such as tungsten, is rising owing to the global transition towards Electric Car and renewable energy technology. Recycling techniques are being adopted to fulfill the growing demand as these businesses expand and the requirement for a constant and sustainable supply of tungsten rises.
The market for recycling tungsten-based products is driven primarily by growing ecological awareness and the need for sustainable practices globally. By lessening the ecological effects of conventional mining and extraction, recycling tungsten contributes to larger sustainability objectives. The demand for tungsten recycling is being driven by the global adoption of circular economy concepts.
United States: Key Industry Developments
✅ August 2025: China's CMOC Group announced plans for mergers and acquisitions to expand tungsten holdings, focusing on resource-rich regions to bolster recycling and supply chain resilience.
✅ June 2025: Globe Metal formed a strategic partnership with mining equipment manufacturers to improve tungsten recovery from tools and machinery, streamlining recycling processes.
✅ May 2025: Tungco unveiled a state-of-the-art tungsten carbide recycling facility in Kentucky, featuring advanced technologies for sustainable industrial processing.
✅ April 2025: The U.S. Department of Energy awarded a $10 million grant for innovative tungsten recycling research, aiming to reduce mining dependency and advance circular economy practices
Japan: Key Industry Developments
✅ July 2025: Sumitomo Electric Industries commercialized a new tungsten recycling technology for efficient recovery from used cutting tools, ensuring stable manufacturing supply.
✅ June 2025: Mitsubishi Materials Corporation planned expansion of tungsten recycling capacity with Japan New Metals, targeting resource efficiency and reduced environmental impact by 2030.
✅ May 2025: Japan's Ministry of Economy, Trade, and Industry introduced regulations incentivizing critical materials recycling, including tungsten, to enhance supply chain resilience.
Recent M&A :-
→ September 2025: Canada-based Elemental Altus merged with EMX Royalty to form Elemental Royalty Corp.. This M&A activity in the critical minerals sector, including tungsten prospects, aims to create a stronger entity to secure a stable supply chain, particularly to meet U.S. defense needs and leverage rising tungsten demand and prices.
→ 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, while a partnership rather than an acquisition, focuses on streamlining the recycling process and improving the recovery of valuable metals within the supply chain.
→ May 2025: Tungco, a prominent player in the tungsten recycling industry, unveiled a new processing facility in Kentucky, a strategic expansion to efficiently recycle tungsten carbide from various industrial applications. This development highlights organic growth and investment in recycling infrastructure within the market, rather than M&A activity.
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→ To visualize the global tungsten-based materials recycling market segmentation based on type, tungsten material, application and region, as well as understand key commercial assets and players.
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Market Segmenatation-
→ Hard‐metal (Carbide, Cemented Carbide, Tools, Inserts)-Estimated Market Share (2025): 52.0%.
This segment includes recycled tungsten from hard‐metal : drill bits, cutting tools, mining and machining inserts, worn‐out cemented carbide tools. Because hard‐metal constitutes the largest source of recyclable tungsten and recovers the highest value tungsten carbide, this is the dominant recycled material type.
→ Tungsten Alloys (W shot, swarf, turnings, worn alloy parts)-Estimated Market Share (2025): 28.0%.
This covers low‐grade metal - turnings from machining, shavings, tungsten alloys from manufacturing processes. While grade is lower than carbide s, it's still valuable especially with refining technologies, and is widely recycled by smelters or refineries.
→ Powder & Dust Recycling / Chemical Recovery-Estimated Market Share (2025): 12.0%.
This includes recovery from tungsten-bearing powders, dust, and chemical‐processing residuals (e.g. from tungsten chemical plants, refiners, manufacturing). Advanced chemical and hydrometallurgical processes recover tungsten from these sources for reuse. Because recovery is more complex and costly, this remains smaller but steadily growing.
→ End‐of‐Life Products & Mixed (lamps, electrodes, radiation‐shielding parts, misc tungsten‐items)-Estimated Market Share (2025): 8.0%
This segment includes recycled tungsten from consumer or industrial products at end-of-life - e.g. tungsten‐alloy parts, old tungsten‐containing electrodes, lamp filaments (where applicable), and miscellaneous . Recycling is less consistent due to collection difficulty and lower tungsten content, so this segment is smaller.
Regional insights:-
→ Asia-Pacific is the dominant force in the global tungsten market, holding the largest revenue share of approximately 54.2% as of 2024, a position it maintained and expanded through 2025. This dominance is largely driven by rapid industrialization and significant manufacturing sectors in countries like China, Japan, South Korea, and India,
→ North America holds a substantial share of the market, driven by a focus on high-value applications and increasing concerns over supply chain vulnerabilities. The U.S. government's efforts to diversify supply sources away from China, including tariffs and support for domestic and allied mining operations, are boosting demand for local and recycled tungsten.
→ Europe is another significant market, with a strong emphasis on securing critical raw materials. The European Union has classified tungsten as a strategic material, leading to increased support for domestic recycling projects and efforts to streamline regulations to reduce import dependency.
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Competitive Landscape
→ The major global players in the market include 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.
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