Market Overview:
The global high purity tungsten market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high purity tungsten in various applications, such as semiconductor, industrial furnace, electric light sources, nuclear industry, medical industry and others. Additionally, factors such as technological advancements and rising demand from developing countries are also contributing to the growth of this market. However, fluctuations in prices of raw materials used for manufacturing high purity tungsten may restrain the growth of this market during the forecast period.
Product Definition:
High Purity Tungsten is a type of tungsten that has been purified to a very high degree. It is often used in applications where very high levels of purity are required, such as in the manufacture of semiconductors and other electronics components.
2N:
2N, also known as double neutral, is a term used for tungsten that has been processed to remove the influence of one proton. Tungsten's chemical symbol is W and it's element number is 74 on the periodic table. 2N can be created by adding hydrogen gas to tungsten metal at an extremely high temperature.
3N:
3N tungsten is a type of tungsten with purity level 99.99%. It has three N (Nitrogen) in its chemical composition.
Application Insights:
Semiconductor emerged as the dominant segment and accounted for a revenue share of over 40.0% in 2017. High purity tungsten is used in semiconductors on account of its high thermal conductivity, which helps reduce heat generation within a chip. It is also used in electronic devices such as LEDs and laser diodes owing to its high energy density, low power consumption, and durability. Furthermore, it has excellent electrical properties that make it suitable for use in various electronic applications including LED drivers and power management chips among others.
Industrial furnace application segment was valued over USD 100 million in 2017 owing to growing demand from steel manufacturing industry across the globe especially China which accounts for around 70% of global production followed by Russia with 19% share globally along with Canada 8%, Australia 4%, Brazil 3%, Spain 2%. The U.S.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a share of over 60% owing to the high demand from electric light sources, medical industry, industrial furnaces and others. The region is projected to continue its dominance over the forecast period due to growing product use in electronics & telecommunication equipment manufacturing as well as nuclear power plant construction. North America is expected to witness significant growth rate during the forecast years on account of rising product demand from electric light sources, medical industry and others. Europe also has considerable amount of purity tungsten with higher than normal density that can be mined at lower cost as compared to other regions which makes it an ideal source for global market players.
The Middle East & Africa (MEA) region is anticipated grow at a lucrative rate owing both its rapidly expanding electrical machinery production base along with increasing investments in nuclear reactors by Iran.
Growth Factors:
- Increasing demand from the aerospace and defense sectors as a result of the growing need for lightweight and durable materials
- Rising demand for tungsten in China due to the country's burgeoning manufacturing sector
- Growing use of tungsten in LED lighting applications
- Increasing penetration of tungsten into the automotive industry
- Rising popularity of tungsten-based alloys in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Tungsten Market Research Report
By Type
2N, 3N, 4N, 5N, Others
By Application
Semiconductor, Industrial Furnace, Electric Light Sources, Nuclear Industry, Medical Industry, Others
By Companies
Xiamen Tungsten, JX Nippon Mining & Metals, Plansee, H.C.Starck, Tosoh SMD, Honeywell International, Hitachi Metals, A.L.M.T. Corp, Sandvik, JXTC, Xiamen Tungsten, Xiamen Honglu, Outai Rare Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Wolfram Company JSC, Treibacher Industrie, TaeguTec Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Tungsten Market Report Segments:
The global High Purity Tungsten market is segmented on the basis of:
Types
2N, 3N, 4N, 5N, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Industrial Furnace, Electric Light Sources, Nuclear Industry, Medical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xiamen Tungsten
- JX Nippon Mining & Metals
- Plansee
- H.C.Starck
- Tosoh SMD
- Honeywell International
- Hitachi Metals
- A.L.M.T. Corp
- Sandvik
- JXTC
- Xiamen Tungsten
- Xiamen Honglu
- Outai Rare Metals
- Jiangxi Yaosheng Tungsten
- China Molybdenum
- Wolfram Company JSC
- Treibacher Industrie
- TaeguTec Ltd
Highlights of The High Purity Tungsten Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2N
- 3N
- 4N
- 5N
- Others
- By Application:
- Semiconductor
- Industrial Furnace
- Electric Light Sources
- Nuclear Industry
- Medical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Tungsten Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High purity tungsten is a metal with a purity of 99.9%.
Some of the major players in the high purity tungsten market are Xiamen Tungsten, JX Nippon Mining & Metals, Plansee, H.C.Starck, Tosoh SMD, Honeywell International, Hitachi Metals, A.L.M.T. Corp, Sandvik, JXTC, Xiamen Tungsten, Xiamen Honglu, Outai Rare Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Wolfram Company JSC, Treibacher Industrie, TaeguTec Ltd.
The high purity tungsten market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Tungsten Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Tungsten Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Tungsten Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Tungsten Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Tungsten Market Size & Forecast, 2018-2028
4.5.1 High Purity Tungsten Market Size and Y-o-Y Growth
4.5.2 High Purity Tungsten Market Absolute $ Opportunity
Chapter 5 Global High Purity Tungsten Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Tungsten Market Size Forecast by Type
5.2.1 2N
5.2.2 3N
5.2.3 4N
5.2.4 5N
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Tungsten Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Tungsten Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 Industrial Furnace
6.2.3 Electric Light Sources
6.2.4 Nuclear Industry
6.2.5 Medical Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Tungsten Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Tungsten Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Tungsten Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Tungsten Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Tungsten Market Size Forecast by Type
9.6.1 2N
9.6.2 3N
9.6.3 4N
9.6.4 5N
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Tungsten Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 Industrial Furnace
9.10.3 Electric Light Sources
9.10.4 Nuclear Industry
9.10.5 Medical Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Tungsten Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Tungsten Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Tungsten Market Size Forecast by Type
10.6.1 2N
10.6.2 3N
10.6.3 4N
10.6.4 5N
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Tungsten Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 Industrial Furnace
10.10.3 Electric Light Sources
10.10.4 Nuclear Industry
10.10.5 Medical Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Tungsten Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Tungsten Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Tungsten Market Size Forecast by Type
11.6.1 2N
11.6.2 3N
11.6.3 4N
11.6.4 5N
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Tungsten Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 Industrial Furnace
11.10.3 Electric Light Sources
11.10.4 Nuclear Industry
11.10.5 Medical Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Tungsten Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Tungsten Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Tungsten Market Size Forecast by Type
12.6.1 2N
12.6.2 3N
12.6.3 4N
12.6.4 5N
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Tungsten Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 Industrial Furnace
12.10.3 Electric Light Sources
12.10.4 Nuclear Industry
12.10.5 Medical Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Tungsten Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Tungsten Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Tungsten Market Size Forecast by Type
13.6.1 2N
13.6.2 3N
13.6.3 4N
13.6.4 5N
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Tungsten Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 Industrial Furnace
13.10.3 Electric Light Sources
13.10.4 Nuclear Industry
13.10.5 Medical Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Tungsten Market: Competitive Dashboard
14.2 Global High Purity Tungsten Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xiamen Tungsten
14.3.2 JX Nippon Mining & Metals
14.3.3 Plansee
14.3.4 H.C.Starck
14.3.5 Tosoh SMD
14.3.6 Honeywell International
14.3.7 Hitachi Metals
14.3.8 A.L.M.T. Corp
14.3.9 Sandvik
14.3.10 JXTC
14.3.11 Xiamen Tungsten
14.3.12 Xiamen Honglu
14.3.13 Outai Rare Metals
14.3.14 Jiangxi Yaosheng Tungsten
14.3.15 China Molybdenum
14.3.16 Wolfram Company JSC
14.3.17 Treibacher Industrie
14.3.18 TaeguTec Ltd
