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The future of the tungsten market looks promising with opportunities in automotive, defense, aerospace components, drilling, boring & cutting equipment, logging equipment, and electrical & electronics appliances. The global tungsten market is expected to grow with a CAGR of 7% to 9% from 2021 to 2026. The major drivers for this market are proliferation in the electronic industry and increasing demand for tungsten for use in hard metals.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of tungsten market report download the report brochure.
The study includes trends and forecasts for the global tungsten market by application, end use industry, and region as follows:
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
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Tungsten Carbide
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Metal Alloys
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Mill Products
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Others
By End Use Industry [Kilotons and $M shipment analysis for 2015 – 2026]:
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Automotive Parts
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Defense
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Aerospace Components
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Drilling, Boring & Cutting Equipment
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Logging Equipment
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Electrical & Electronics Appliances
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Others
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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The Rest of the World
Tungsten carbide will remain the largest application segment due to its use in the manufacturing of cemented carbides or hard metals.
Mining will remain the largest end use industry and witness the highest growth during the forecast period due to physical properties of tungsten being extremely high wear resistant, hence the rising demand for tungsten in mining.
Asia Pacific will remain the largest region over the forecast period due to a large number of suppliers and consumer base of tungsten available in the region. Increasing purchasing power of individuals and rise in population can be attributed as some reasons for growth of the Asia Pacific market.
Some of the tungsten companies profiled in this report include Xiamen Tungsten, China Minmetals Corporation, Global Tungsten & Powders Corp., GuangDong XiangLu Tungsten, H.C. Starck GmbH, Japan New Metals, King Island Scheelite, Saloro SLU, Specialty Metals Resources SA, Wolfram, and Tungsten Mining NL.
Features of Tungsten Market
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Market Size Estimates: Tungsten market size estimation in terms of volume & value (Kilotons and $M)
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Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
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Segmentation Analysis: Market size by application and end use industry
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Regional Analysis: Tungsten market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different end use industries, application, and regions for tungsten market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the tungsten market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising potential, high-growth opportunities for the global tungsten market by application (tungsten carbide, metal alloys, mill products, and others), end use industry (automotive parts, defense, aerospace components, drilling, boring & cutting equipment, logging equipment, electrical & electronics appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the tungsten market?
Q.5 What are the business risks and threats to the tungsten market?
Q.6 What are emerging trends in this tungsten market and the reasons behind them?
Q.7 What are some changing demands of customers in the tungsten market?
Q.8 What are the new developments in the tungsten market? Which companies are leading these developments?
Q.9 Who are the major players in the tungsten market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the tungsten market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the tungsten market?
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