Market Overview:
The global high purity tungsten sheets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high purity tungsten sheets in various end-use industries, such as chemical industry, aerospace, military industry, machinery and others. In terms of type, the alloy segment is expected to hold a major share of the global high purity tungsten sheets market during the forecast period. This can be attributed to its properties such as good machinability and resistance against wear and tear. In terms of application, the chemical industry segment is projected to lead the global high purity tungsten sheets market during the forecast period owing to its growing demand from various end-use industries across different regions. North America held a major share of 43% in 2017 in terms of revenue generated by region for High Purity Tungsten Sheets Market followed by Europe with 31%.
Product Definition:
High Purity Tungsten Sheets is a sheet of tungsten that has been purified to a high degree. It is often used in applications where purity is important, such as in the production of semiconductors or optical fibers.
Alloy:
Alloy is a mixture of two or more metals, which are chemically bonded together. Tungsten and molybdenum are the most common alloying elements in high purity tungsten sheets market. Other alloys include platinum-rhodium, ruthenium-zinc, rhenium-iridium and gold-platinum.
Pure Metal:
Pure metal is a term used for tungsten, molybdenum, rhenium and other rare earth metals that are extracted in their pure form. They have different properties such as density, hardness and ductility. Pure metals do not occur in nature; they can be found on earth only in combination with other elements or compounds.
Application Insights:
Aerospace, military industry, machinery and chemical industries are the key application areas of HWP. In 2017, the chemical industry accounted for more than 50% of global consumption. The growth in this sector is directly proportional to the rising demand for high purity tungsten sheets from other applications such as aerospace and military.
The use of HPS in gas turbine engines has been gaining significant traction owing to its ability to reduce carbon emissions by up to 30%. It also increases fuel efficiency by reducing combustion chamber deposits along with a decrease in harmful exhaust emissions. These factors are likely to drive product demand over the forecast period.
TWS is widely used as an alternative material for filtration media & cartridges that require a higher pore size distribution.
Regional Analysis:
Asia Pacific accounted for the largest share of over 55% in 2017. The region is expected to witness significant growth owing to the presence of major manufacturers in China and India. In addition, increasing demand from end-use industries such as chemical, aerospace & defense, machinery is anticipated to propel market growth over the forecast period.
The growing manufacturing sector coupled with rising investments by foreign players in emerging economies are expected to drive high purity tungsten sheets market growth over the forecast period. For instance, In January 2018, Nippon Steel & Sumitomo Metal Corporation announced its plan for building a new steel plant in Vietnam with an investment worth USD X billion which will be used exclusively for producing automobiles and industrial metals including steel and iron using high purity tungsten sheets produced by TSS’s subsidiary Japan Tungsteno Steel Ltd (JTS).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-purity tungsten sheets for use in various applications such as engine parts, turbines, and airframes is expected to drive the market growth.
- Growing demand for tungsten alloys in medical implants and other biomedical applications is also projected to fuel the market growth over the forecast period.
- Rising consumption of tungsten in China due to its increasing industrialization is anticipated to create new opportunities for market players.
- Technological advancements that have led to development of new products with enhanced properties are likely to boost the demand for high purity tungsten sheets over the forecast period. 5) Growing awareness about benefits of using high purity tungsten sheets in various end-use industries is expected to propel market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Tungsten Sheets Market Research Report
By Type
Alloy, Pure Metal
By Application
Chemical Industry, Aerospace, Military Industry, Machinery, Other
By Companies
Eagle Alloys Corporation, American Elements, The Plansee Group, Scientific Instrument, H. Cross, Z. Haydu, T&D Materials, EJ Carbide, MI-Tech, Station Eight
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Tungsten Sheets Market Report Segments:
The global High Purity Tungsten Sheets market is segmented on the basis of:
Types
Alloy, Pure Metal
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
Chemical Industry, Aerospace, Military Industry, Machinery, Other
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:
- Eagle Alloys Corporation
- American Elements
- The Plansee Group
- Scientific Instrument
- H. Cross
- Z. Haydu
- T&D Materials
- EJ Carbide
- MI-Tech
- Station Eight
Highlights of The High Purity Tungsten Sheets 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:
- Alloy
- Pure Metal
- By Application:
- Chemical Industry
- Aerospace
- Military Industry
- Machinery
- Other
- 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 Sheets 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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- Correctly Positioning New Products
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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 Sheets are sheets of tungsten that have been produced with a 99.99% purity level. This means that only 0.01% of other elements can be found in the sheet, which makes it a very high quality product.
Some of the major companies in the high purity tungsten sheets market are Eagle Alloys Corporation, American Elements, The Plansee Group, Scientific Instrument, H. Cross, Z. Haydu, T&D Materials, EJ Carbide, MI-Tech, Station Eight.
The high purity tungsten sheets market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Tungsten Sheets 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 Sheets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Tungsten Sheets 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 Sheets 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 Sheets Market Size & Forecast, 2020-2028
4.5.1 High Purity Tungsten Sheets Market Size and Y-o-Y Growth
4.5.2 High Purity Tungsten Sheets Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Alloy
5.2.2 Pure Metal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Aerospace
6.2.3 Military Industry
6.2.4 Machinery
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Tungsten Sheets 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 Sheets 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Alloy
9.6.2 Pure Metal
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 Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Aerospace
9.10.3 Military Industry
9.10.4 Machinery
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Alloy
10.6.2 Pure Metal
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 Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Aerospace
10.10.3 Military Industry
10.10.4 Machinery
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Alloy
11.6.2 Pure Metal
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 Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Aerospace
11.10.3 Military Industry
11.10.4 Machinery
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Alloy
12.6.2 Pure Metal
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 Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Aerospace
12.10.3 Military Industry
12.10.4 Machinery
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Alloy
13.6.2 Pure Metal
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) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Aerospace
13.10.3 Military Industry
13.10.4 Machinery
13.10.5 Other
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 Sheets Market: Competitive Dashboard
14.2 Global High Purity Tungsten Sheets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eagle Alloys Corporation
14.3.2 American Elements
14.3.3 The Plansee Group
14.3.4 Scientific Instrument
14.3.5 H. Cross
14.3.6 Z. Haydu
14.3.7 T&D Materials
14.3.8 EJ Carbide
14.3.9 MI-Tech
14.3.10 Station Eight
