Market Overview:
The global refractory metals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for refractory metals from various end-use industries, such as steel industry, electronics and electrical industry, carbide tools and wear parts, aerospace, and others. In terms of type, the molybdenum metal segment is expected to lead the global refractory metals market during the forecast period. This can be attributed to its high melting point and resistance against corrosion. In terms of application, the steel industry segment is projected to lead the global refractory metals market during 2018-2030 owing to its growing demand for automobiles and construction activities across regions.
Product Definition:
Refractory metals are a group of metals that have high melting points and are resistant to corrosion. These materials are important for use in high-temperature applications, such as furnace linings and rocket nozzles.
Molybdenum Metal:
Molybdenum metal is a ductile, silver-white, soft and rare earth metal. It has the highest melting point of any element; at 1573 °C it is exceeded only by rhenium and tungsten. Its compounds are toxic and must be handled with gloves; molybdenum disulfide causes severe eye damage.
Tungsten Metal:
Tungsten metal is a ductile, hard, and heavy material with low thermal expansion property. It has high melting point and boiling point than refractory metals such as molybdenum or rhenium. Tungsten metal is resistant to mechanical stress but can be easily bent or cut.
Application Insights:
The steel industry was the largest application segment in 2016, accounting for a share of over 70.0% in terms of volume as well as revenue. Steel is one of the most important materials used across several industries including construction, automotive and transportation, appliances and electronics, machinery and equipment among others. The rising demand for refractory metals from various applications such as aerospace & defense has been fueling the growth in this market over recent years.
Refractory metals are widely used to manufacture components that are part of machines or tools that come into contact with hot metal or high-temperature resistant ceramic materials owing to their excellent resistance properties against heat.
Regional Analysis:
Asia Pacific was the largest market for refractory metals in 2016 and is expected to continue its dominance over the forecast period. The growth of this region is mainly driven by China, which accounted for a share of more than 30% in 2016. Increasing demand from various end-use industries such as steel industry, electronics and electrical industry, automotive etc. are driving the market growth in this region.
The Asia Pacific held a major share owing to increasing investments from foreign players along with growing demand from end-use industries such as aerospace & defense and others that require high strength materials with superior properties such as high thermal conductivity and wear resistance at low cost.
Growth Factors:
- Increasing demand from the aerospace and defense industry for high-performance alloys that are resistant to corrosion and wear is expected to drive the growth of the refractory metals market.
- Growing demand for platinum group metals in catalytic converters, medical devices, and jewelry is also anticipated to fuel the growth of this market in the coming years.
- Rapid industrialization in emerging economies such as China and India is expected to create new opportunities for refractory metals manufacturers in these regions.
- Rising awareness about the benefits of using refractory metals in various applications is projected to boost their demand over the next few years.
- Technological advancements that lead to improved properties of refractory metals are likely to provide a fillip to this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Refractory Metals Market Research Report
By Type
Molybdenum Metal, Tungsten Metal, Niobium Metal, Tantalum Metal, Rhenium Metal
By Application
Steel Industry, Electronics and Electrical Industry, Carbide Tools and Wear Parts, Aerospace, Others
By Companies
Xiamen Tungsten, CMOC, Molymet, H.C. Starck, A.L.M.T., Global Tungsten & Powders, CBMM, Codelco, JDC, Rising Rare Metals EO-Materials, WOLFRAM JSC, Treibacher Industrie, Climax Molybdenum, Global Advanced Metals, Ningxia Orient Tantalum Industry, Rhenium Alloys, ATI
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Refractory Metals Market Report Segments:
The global Refractory Metals market is segmented on the basis of:
Types
Molybdenum Metal, Tungsten Metal, Niobium Metal, Tantalum Metal, Rhenium 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
Steel Industry, Electronics and Electrical Industry, Carbide Tools and Wear Parts, Aerospace, 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
- CMOC
- Molymet
- H.C. Starck
- A.L.M.T.
- Global Tungsten & Powders
- CBMM
- Codelco
- JDC
- Rising Rare Metals EO-Materials
- WOLFRAM JSC
- Treibacher Industrie
- Climax Molybdenum
- Global Advanced Metals
- Ningxia Orient Tantalum Industry
- Rhenium Alloys
- ATI
Highlights of The Refractory Metals 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:
- Molybdenum Metal
- Tungsten Metal
- Niobium Metal
- Tantalum Metal
- Rhenium Metal
- By Application:
- Steel Industry
- Electronics and Electrical Industry
- Carbide Tools and Wear Parts
- Aerospace
- 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 Refractory Metals 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?
Refractory metals are those that resist burning or melting when exposed to heat. They are used in a variety of industrial applications, including the production of steel and other metals.
Some of the major companies in the refractory metals market are Xiamen Tungsten, CMOC, Molymet, H.C. Starck, A.L.M.T., Global Tungsten & Powders, CBMM, Codelco, JDC, Rising Rare Metals EO-Materials, WOLFRAM JSC, Treibacher Industrie, Climax Molybdenum, Global Advanced Metals, Ningxia Orient Tantalum Industry, Rhenium Alloys, ATI.
The refractory metals market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refractory Metals 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 Refractory Metals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refractory Metals 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 Refractory Metals 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 Refractory Metals Market Size & Forecast, 2020-2028
4.5.1 Refractory Metals Market Size and Y-o-Y Growth
4.5.2 Refractory Metals 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 Molybdenum Metal
5.2.2 Tungsten Metal
5.2.3 Niobium Metal
5.2.4 Tantalum Metal
5.2.5 Rhenium 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 Steel Industry
6.2.2 Electronics and Electrical Industry
6.2.3 Carbide Tools and Wear Parts
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refractory Metals 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 Refractory Metals 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 Molybdenum Metal
9.6.2 Tungsten Metal
9.6.3 Niobium Metal
9.6.4 Tantalum Metal
9.6.5 Rhenium 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 Steel Industry
9.10.2 Electronics and Electrical Industry
9.10.3 Carbide Tools and Wear Parts
9.10.4 Aerospace
9.10.5 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 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 Molybdenum Metal
10.6.2 Tungsten Metal
10.6.3 Niobium Metal
10.6.4 Tantalum Metal
10.6.5 Rhenium 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 Steel Industry
10.10.2 Electronics and Electrical Industry
10.10.3 Carbide Tools and Wear Parts
10.10.4 Aerospace
10.10.5 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 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 Molybdenum Metal
11.6.2 Tungsten Metal
11.6.3 Niobium Metal
11.6.4 Tantalum Metal
11.6.5 Rhenium 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 Steel Industry
11.10.2 Electronics and Electrical Industry
11.10.3 Carbide Tools and Wear Parts
11.10.4 Aerospace
11.10.5 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 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 Molybdenum Metal
12.6.2 Tungsten Metal
12.6.3 Niobium Metal
12.6.4 Tantalum Metal
12.6.5 Rhenium 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 Steel Industry
12.10.2 Electronics and Electrical Industry
12.10.3 Carbide Tools and Wear Parts
12.10.4 Aerospace
12.10.5 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) 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 Molybdenum Metal
13.6.2 Tungsten Metal
13.6.3 Niobium Metal
13.6.4 Tantalum Metal
13.6.5 Rhenium 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 Steel Industry
13.10.2 Electronics and Electrical Industry
13.10.3 Carbide Tools and Wear Parts
13.10.4 Aerospace
13.10.5 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 Refractory Metals Market: Competitive Dashboard
14.2 Global Refractory Metals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xiamen Tungsten
14.3.2 CMOC
14.3.3 Molymet
14.3.4 H.C. Starck
14.3.5 A.L.M.T.
14.3.6 Global Tungsten & Powders
14.3.7 CBMM
14.3.8 Codelco
14.3.9 JDC
14.3.10 Rising Rare Metals EO-Materials
14.3.11 WOLFRAM JSC
14.3.12 Treibacher Industrie
14.3.13 Climax Molybdenum
14.3.14 Global Advanced Metals
14.3.15 Ningxia Orient Tantalum Industry
14.3.16 Rhenium Alloys
14.3.17 ATI
