The global Tungsten market size was valued at US$ 1099.8 million in 2023. With growing demand in downstream market, the Tungsten is forecast to a readjusted size of US$ 1772.4 million by 2030 with a CAGR of 7.1% during review period.
The research report highlights the growth potential of the global Tungsten market. Tungsten are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tungsten. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tungsten market.
Tungsten (CAS 7440-33-7) is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 掳C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm鲁), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.
China is the largest Tungsten (CAS 7440-33-7) market with about 62% market share. North America is follower, accounting for about 13% market share.
The key players are Xiamen Tungsten, Chongyi ZhangYuan Tungsten, GuangDong XiangLu Tungsten, Global Tungsten & Powders, China Tungsten & Hightech, JXTC, Japan New Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Ganzhou Haichuang Tungsten, Kennametal, A.L.M.T. Corp, Ganzhou Yatai Tungsten, Wolfram Company JSC, Treibacher Industrie, H.C. Starck, TaeguTec Ltd, Eurotungstene (Umicore), Buffalo Tungsten etc. Top 3 companies occupied about 40% market share.
Key Features:
The report on Tungsten market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Tungsten market. It may include historical data, market segmentation by Type (e.g., Up to 1渭m, 1-10渭尘), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tungsten market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Tungsten market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Tungsten industry. This include advancements in Tungsten technology, Tungsten new entrants, Tungsten new investment, and other innovations that are shaping the future of Tungsten.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tungsten market. It includes factors influencing customer ' purchasing decisions, preferences for Tungsten product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tungsten market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tungsten market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tungsten market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tungsten industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tungsten market.
Market Segmentation:
Tungsten market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Up to 1渭m
1-10渭尘
10-50渭尘
Others
Segmentation by application
Cemented Carbide
Tungsten Mill Products
Steel and Alloy
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Xiamen Tungsten
Chongyi ZhangYuan Tungsten
GuangDong XiangLu Tungsten
Global Tungsten & Powders
China Tungsten & Hightech
JXTC
Japan New Metals
Jiangxi Yaosheng Tungsten
China Molybdenum
Ganzhou Haichuang Tungsten
Kennametal
A.L.M.T. Corp
Ganzhou Yatai Tungsten
Wolfram Company JSC
Treibacher Industrie
H.C. Starck
TaeguTec Ltd
Eurotungstene (Umicore)
Buffalo Tungsten
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tungsten market?
What factors are driving Tungsten market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tungsten market opportunities vary by end market size?
How does Tungsten break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Tungsten Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Tungsten by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Tungsten by Country/Region, 2019, 2023 & 2030
2.2 Tungsten Segment by Type
2.2.1 Up to 1渭m
2.2.2 1-10渭尘
2.2.3 10-50渭尘
2.2.4 Others
2.3 Tungsten Sales by Type
2.3.1 Global Tungsten Sales Market Share by Type (2019-2024)
2.3.2 Global Tungsten Revenue and Market Share by Type (2019-2024)
2.3.3 Global Tungsten Sale Price by Type (2019-2024)
2.4 Tungsten Segment by Application
2.4.1 Cemented Carbide
2.4.2 Tungsten Mill Products
2.4.3 Steel and Alloy
2.4.4 Others
2.5 Tungsten Sales by Application
2.5.1 Global Tungsten Sale Market Share by Application (2019-2024)
2.5.2 Global Tungsten Revenue and Market Share by Application (2019-2024)
2.5.3 Global Tungsten Sale Price by Application (2019-2024)
3 Global Tungsten by Company
3.1 Global Tungsten Breakdown Data by Company
3.1.1 Global Tungsten Annual Sales by Company (2019-2024)
3.1.2 Global Tungsten Sales Market Share by Company (2019-2024)
3.2 Global Tungsten Annual Revenue by Company (2019-2024)
3.2.1 Global Tungsten Revenue by Company (2019-2024)
3.2.2 Global Tungsten Revenue Market Share by Company (2019-2024)
3.3 Global Tungsten Sale Price by Company
3.4 Key Manufacturers Tungsten Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Tungsten Product Location Distribution
3.4.2 Players Tungsten Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Tungsten by Geographic Region
4.1 World Historic Tungsten Market Size by Geographic Region (2019-2024)
4.1.1 Global Tungsten Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Tungsten Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Tungsten Market Size by Country/Region (2019-2024)
4.2.1 Global Tungsten Annual Sales by Country/Region (2019-2024)
4.2.2 Global Tungsten Annual Revenue by Country/Region (2019-2024)
4.3 Americas Tungsten Sales Growth
4.4 APAC Tungsten Sales Growth
4.5 Europe Tungsten Sales Growth
4.6 Middle East & Africa Tungsten Sales Growth
5 Americas
5.1 Americas Tungsten Sales by Country
5.1.1 Americas Tungsten Sales by Country (2019-2024)
5.1.2 Americas Tungsten Revenue by Country (2019-2024)
5.2 Americas Tungsten Sales by Type
5.3 Americas Tungsten Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Tungsten Sales by Region
6.1.1 APAC Tungsten Sales by Region (2019-2024)
6.1.2 APAC Tungsten Revenue by Region (2019-2024)
6.2 APAC Tungsten Sales by Type
6.3 APAC Tungsten Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Tungsten by Country
7.1.1 Europe Tungsten Sales by Country (2019-2024)
7.1.2 Europe Tungsten Revenue by Country (2019-2024)
7.2 Europe Tungsten Sales by Type
7.3 Europe Tungsten Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Tungsten by Country
8.1.1 Middle East & Africa Tungsten Sales by Country (2019-2024)
8.1.2 Middle East & Africa Tungsten Revenue by Country (2019-2024)
8.2 Middle East & Africa Tungsten Sales by Type
8.3 Middle East & Africa Tungsten Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Tungsten
10.3 Manufacturing Process Analysis of Tungsten
10.4 Industry Chain Structure of Tungsten
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Tungsten Distributors
11.3 Tungsten Customer
12 World Forecast Review for Tungsten by Geographic Region
12.1 Global Tungsten Market Size Forecast by Region
12.1.1 Global Tungsten Forecast by Region (2025-2030)
12.1.2 Global Tungsten Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Tungsten Forecast by Type
12.7 Global Tungsten Forecast by Application
13 Key Players Analysis
13.1 Xiamen Tungsten
13.1.1 Xiamen Tungsten Company Information
13.1.2 Xiamen Tungsten Tungsten Product Portfolios and Specifications
13.1.3 Xiamen Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Xiamen Tungsten Main Business Overview
13.1.5 Xiamen Tungsten Latest Developments
13.2 Chongyi ZhangYuan Tungsten
13.2.1 Chongyi ZhangYuan Tungsten Company Information
13.2.2 Chongyi ZhangYuan Tungsten Tungsten Product Portfolios and Specifications
13.2.3 Chongyi ZhangYuan Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Chongyi ZhangYuan Tungsten Main Business Overview
13.2.5 Chongyi ZhangYuan Tungsten Latest Developments
13.3 GuangDong XiangLu Tungsten
13.3.1 GuangDong XiangLu Tungsten Company Information
13.3.2 GuangDong XiangLu Tungsten Tungsten Product Portfolios and Specifications
13.3.3 GuangDong XiangLu Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 GuangDong XiangLu Tungsten Main Business Overview
13.3.5 GuangDong XiangLu Tungsten Latest Developments
13.4 Global Tungsten & Powders
13.4.1 Global Tungsten & Powders Company Information
13.4.2 Global Tungsten & Powders Tungsten Product Portfolios and Specifications
13.4.3 Global Tungsten & Powders Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Global Tungsten & Powders Main Business Overview
13.4.5 Global Tungsten & Powders Latest Developments
13.5 China Tungsten & Hightech
13.5.1 China Tungsten & Hightech Company Information
13.5.2 China Tungsten & Hightech Tungsten Product Portfolios and Specifications
13.5.3 China Tungsten & Hightech Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 China Tungsten & Hightech Main Business Overview
13.5.5 China Tungsten & Hightech Latest Developments
13.6 JXTC
13.6.1 JXTC Company Information
13.6.2 JXTC Tungsten Product Portfolios and Specifications
13.6.3 JXTC Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 JXTC Main Business Overview
13.6.5 JXTC Latest Developments
13.7 Japan New Metals
13.7.1 Japan New Metals Company Information
13.7.2 Japan New Metals Tungsten Product Portfolios and Specifications
13.7.3 Japan New Metals Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Japan New Metals Main Business Overview
13.7.5 Japan New Metals Latest Developments
13.8 Jiangxi Yaosheng Tungsten
13.8.1 Jiangxi Yaosheng Tungsten Company Information
13.8.2 Jiangxi Yaosheng Tungsten Tungsten Product Portfolios and Specifications
13.8.3 Jiangxi Yaosheng Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Jiangxi Yaosheng Tungsten Main Business Overview
13.8.5 Jiangxi Yaosheng Tungsten Latest Developments
13.9 China Molybdenum
13.9.1 China Molybdenum Company Information
13.9.2 China Molybdenum Tungsten Product Portfolios and Specifications
13.9.3 China Molybdenum Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 China Molybdenum Main Business Overview
13.9.5 China Molybdenum Latest Developments
13.10 Ganzhou Haichuang Tungsten
13.10.1 Ganzhou Haichuang Tungsten Company Information
13.10.2 Ganzhou Haichuang Tungsten Tungsten Product Portfolios and Specifications
13.10.3 Ganzhou Haichuang Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Ganzhou Haichuang Tungsten Main Business Overview
13.10.5 Ganzhou Haichuang Tungsten Latest Developments
13.11 Kennametal
13.11.1 Kennametal Company Information
13.11.2 Kennametal Tungsten Product Portfolios and Specifications
13.11.3 Kennametal Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Kennametal Main Business Overview
13.11.5 Kennametal Latest Developments
13.12 A.L.M.T. Corp
13.12.1 A.L.M.T. Corp Company Information
13.12.2 A.L.M.T. Corp Tungsten Product Portfolios and Specifications
13.12.3 A.L.M.T. Corp Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 A.L.M.T. Corp Main Business Overview
13.12.5 A.L.M.T. Corp Latest Developments
13.13 Ganzhou Yatai Tungsten
13.13.1 Ganzhou Yatai Tungsten Company Information
13.13.2 Ganzhou Yatai Tungsten Tungsten Product Portfolios and Specifications
13.13.3 Ganzhou Yatai Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Ganzhou Yatai Tungsten Main Business Overview
13.13.5 Ganzhou Yatai Tungsten Latest Developments
13.14 Wolfram Company JSC
13.14.1 Wolfram Company JSC Company Information
13.14.2 Wolfram Company JSC Tungsten Product Portfolios and Specifications
13.14.3 Wolfram Company JSC Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Wolfram Company JSC Main Business Overview
13.14.5 Wolfram Company JSC Latest Developments
13.15 Treibacher Industrie
13.15.1 Treibacher Industrie Company Information
13.15.2 Treibacher Industrie Tungsten Product Portfolios and Specifications
13.15.3 Treibacher Industrie Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Treibacher Industrie Main Business Overview
13.15.5 Treibacher Industrie Latest Developments
13.16 H.C. Starck
13.16.1 H.C. Starck Company Information
13.16.2 H.C. Starck Tungsten Product Portfolios and Specifications
13.16.3 H.C. Starck Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 H.C. Starck Main Business Overview
13.16.5 H.C. Starck Latest Developments
13.17 TaeguTec Ltd
13.17.1 TaeguTec Ltd Company Information
13.17.2 TaeguTec Ltd Tungsten Product Portfolios and Specifications
13.17.3 TaeguTec Ltd Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 TaeguTec Ltd Main Business Overview
13.17.5 TaeguTec Ltd Latest Developments
13.18 Eurotungstene (Umicore)
13.18.1 Eurotungstene (Umicore) Company Information
13.18.2 Eurotungstene (Umicore) Tungsten Product Portfolios and Specifications
13.18.3 Eurotungstene (Umicore) Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Eurotungstene (Umicore) Main Business Overview
13.18.5 Eurotungstene (Umicore) Latest Developments
13.19 Buffalo Tungsten
13.19.1 Buffalo Tungsten Company Information
13.19.2 Buffalo Tungsten Tungsten Product Portfolios and Specifications
13.19.3 Buffalo Tungsten Tungsten Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Buffalo Tungsten Main Business Overview
13.19.5 Buffalo Tungsten Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
