Tungsten Market

Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
Persistence Market Research
Tungsten Market : Share, Size, Competitive
Strategies and Forecast 2016- 2022
Persistence Market Research 1

Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
Persistence Market Research Released New Market Report on “Tungsten Market : Share,
Size, Competitive Strategies and Forecast 2016- 2022”.
Tungsten, also known as Wolfram, is a greyish-white metal having lustrous appearance with a
good corrosion resistance properties. Tungsten is widely used in its alloy form because pure
tungsten is expensive and even difficult for machining. Its alloy consists of nickel, iron or
copper added in tungsten. Tungsten is also available in powder form known as tungsten powder
and tungsten carbide powder and its size ranges from 0.40 microns to 17.50 microns and is
used in end mills, circuit board drills and nozzles. Fine tungsten carbide powders are used for
inserts and cutting tools, whereas ultra-coarse and medium powders are used for wear and die
parts, road construction bids. Global tungsten market is anticipated to grow by a decent single
digit CAGR in coming future. The global tungsten market has its consumptions in the sector of
steel alloys, mill products, cemented carbide, and chemicals. China is a dominant supplier of
tungsten having the maximum market share in the global tungsten market in terms of
consumption as well as supply.
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Growing end use industries such as automotive industries and increase in the demand of wear
resistant materials is anticipated to boost the market of cemented carbide and ultimately will
drive the global tungsten market. Tungsten has its application in electronic and electrical
components such as electron emitters, lead-in wires and electrical contacts and these industries
are forecasted to grow, leading to the increase in global tungsten market. The ability of tungsten
to withstand arcing and resistant to corrosion makes it suitable to be used in voltage regulators,
though demand of these application is minor but it still contributes in the global tungsten market.
The global tungsten market can get hampered due to the recent economic slowdown in China,
as China has the largest market share in mining of tungsten. Tungsten use is forecasted to
decline in the lighting application due to the introduction of fluorescent and LED bulbs that has
replaced the incandescent bulbs.
On the basis of forms available, global tungsten market can be segmented as follows:-
Ribbons
Sheets
Foils
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Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
Strips
Wire
Rod
Tube
On the basis of end use, global tungsten market can be segmented as follows:-
Hard metals
Chemicals
Mill products
Steels
Others
The global tungsten market can be divided into seven regions, namely North America, Latin
America, Europe, Asia Pacific, and Middle East and Africa. The Asia Pacific region is dominating
the global tungsten market, China continues to be the leader in the supply and consumption of
tungsten in the global tungsten market because of its vast tungsten reserves and support of the
Chinese government to the tungsten product industries. India will represent a modest growth
rate in global tungsten market due to its expanding manufacturing sectors. North America will
contribute in the growing global tungsten market with the increasing construction spending in
the region. Latin America will witness an above average growth in the global tungsten market by
its rising durable goods sector. The expanding automobile industry in Europe makes it a
valuable market in global tungsten market. The Middle East and Africa is at a nascent stage in
tungsten market, but is having a bright future prospects in global tungsten market.
Some of the manufacturers of tungsten and its alloys are, Buffalo Tungsten Inc., Mahavir Metal
Corporation., Federal Carbide Company., H Cross Company., T&D Material Manufacturing.,
Global Tungsten & Powders Corp., Midwest Tungsten Service.
The report covers exhaustive analysis on:
Tungsten Market Segments
Tungsten Market Dynamics
Historical Actual Market Size, 2012 - 2014
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Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
Tungsten Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Tungsten Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Tungsten Market Drivers and Restraints
Regional analysis for Tungsten Market includes
North America
Latin America
Europe
Asia Pacific & Japan
The Middle East and Africa
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Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Key points covered in the report
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Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
1) Report segments the market on the basis of types, application, products, technology, etc (as
applicable)
2) The report covers geographic segmentation
North America
Europe
Asia
RoW
3) The report provides the market size and forecast for the different segments and geographies
for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the
market
5) The report also provides porters five forces analysis of the market.
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Tungsten Market : Share, Size, Competitive Strategies and Forecast
2016- 2022
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