Market Overview:
The global tungsten ribbon 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 tungsten in various end-use industries, such as chemical industry, aerospace & military industry, machinery, and other applications. In terms of type, the alloy segment is expected to hold a larger share of the global market during the forecast period. This can be attributed to its properties such as high strength and hardness that make it suitable for use in various end-use industries.
Product Definition:
A tungsten ribbon is a thin, flat piece of tungsten that is often used in electrical and electronic applications. Tungsten ribbons are typically used as resistors, heating elements, or contacts. They are also sometimes used in light bulbs. Tungsten ribbons have several advantages over other materials used in these applications, including their high resistance to heat and their low density.
Alloy:
Alloy is a mixture of two or more metals, which are chemically bonded together. The most common alloys are steel and iron-carbon (FeCarb), copper-zinc (CuZn), and aluminum-tungsten (AlW). Tungsten carbide is the most important alloying element in tungsten ribbon market. It has high melting point than tungsten metal, so it can be used as an alternative to W metal for various applications.
Pure Metal:
Pure metal is a term used for tungsten and molybdenum. These metals are in the form of solid ribbons and are extruded into thin films using an electric current. The material has several applications such as it can be used as a replacement for copper wire in electrical transmission lines, it can be welded or braze together with other metals to make stronger joints, etc.
Application Insights:
Tungsten ribbons are used in various applications including chemical industry, aerospace & military industry, machinery and other industries such as electronics & semiconductor. In chemical industry, tungsten is used for manufacturing catalyst supports and tamper evident screws. In the automotive sector, it is utilized in the manufacture of brake band friction material which helps to increase the lifespan of a vehicle¢â‚¬â„¢s brakes by up to 50%.
In machinery application segment dominated by North America with a market share of over 60% owing to high demand from major end-use markets such as U.S., Canada and Mexico.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a revenue share of over 38%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing demand from end-use industries, such as chemical, aerospace & defense, machinery, and others. In addition, increasing investments by governments in developing countries are anticipated to drive tungsten ribbon market growth. For instance; China has increased its spending on science & technology which resulted into higher R&D activities that ultimately led to high product demand across Asia Pacific region.
The North America market is projected to grow at a significant rate during the forecast period owing to rapid industrialization along with presence of major manufacturers in U.S., which resulted into high product consumption across various applications within the country as well as export markets globally.
Growth Factors:
- Increasing demand from the electronics and electrical industry for tungsten ribbons as a key component in various products is expected to be a major growth driver for the market over the forecast period.
- Rising demand for tungsten ribbons in medical applications on account of their properties such as biocompatibility, non-toxicity, and low reactivity is another key factor anticipated to fuel market growth over the next few years.
- Growing popularity of tungsten ribbon heating elements in various end-use industries including automotive, aerospace & defense, and energy is projected to create lucrative opportunities for market players in the near future.
- Rapid technological advancements coupled with increasing R&D investments by leading players are likely to boost adoption of tungsten ribbons across different application segments over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Ribbons Market Research Report
By Type
Alloy, Pure Metal
By Application
Chemical Industry, Aerospace & Military Industry, Machinery, Other
By Companies
Eagle Alloys Corporation, American Elements, Best Tungsten Metal, Scientific Instrument, H. Cross, Z. Haydu, T&D Materials, EJ Carbide, MI-Tech, Station Eight, Huameicheng Watch
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Ribbons Market Report Segments:
The global Tungsten Ribbons 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
- Best Tungsten Metal
- Scientific Instrument
- H. Cross
- Z. Haydu
- T&D Materials
- EJ Carbide
- MI-Tech
- Station Eight
- Huameicheng Watch
Highlights of The Tungsten Ribbons 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 Tungsten Ribbons 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.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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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?
Tungsten ribbons are a type of ribbon that is made from tungsten. They are often used in printing and packaging applications because they have a high resistance to wear and tear.
Some of the major companies in the tungsten ribbons market are Eagle Alloys Corporation, American Elements, Best Tungsten Metal, Scientific Instrument, H. Cross, Z. Haydu, T&D Materials, EJ Carbide, MI-Tech, Station Eight, Huameicheng Watch.
The tungsten ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Size & Forecast, 2018-2028
4.5.1 Tungsten Ribbons Market Size and Y-o-Y Growth
4.5.2 Tungsten Ribbons Market Absolute $ Opportunity
Chapter 5 Global Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Type
5.2.1 Alloy
5.2.2 Pure Metal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Aerospace & Military Industry
6.2.3 Machinery
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Analysis and Forecast
9.1 Introduction
9.2 North America Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Aerospace & Military Industry
9.10.3 Machinery
9.10.4 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 Tungsten Ribbons Analysis and Forecast
10.1 Introduction
10.2 Europe Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Aerospace & Military Industry
10.10.3 Machinery
10.10.4 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 Tungsten Ribbons Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Aerospace & Military Industry
11.10.3 Machinery
11.10.4 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 Tungsten Ribbons Analysis and Forecast
12.1 Introduction
12.2 Latin America Tungsten Ribbons 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 Tungsten Ribbons 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 Tungsten Ribbons Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Aerospace & Military Industry
12.10.3 Machinery
12.10.4 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) Tungsten Ribbons Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tungsten Ribbons 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) Tungsten Ribbons 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) Tungsten Ribbons Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Aerospace & Military Industry
13.10.3 Machinery
13.10.4 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 Tungsten Ribbons Market: Competitive Dashboard
14.2 Global Tungsten Ribbons 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 Best Tungsten Metal
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
14.3.11 Huameicheng Watch
