The global tungsten alloy market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of the global tungsten alloy market is driven by increasing demand for tungsten alloys in various applications such as electronics, aerospace, automotive and dies & punches (abrasive products).
Molybdenum tungsten alloys accounted for the largest share of the global market in 2018 and are expected to continue their dominance throughout the forecast period due to their high melting point and corrosion resistance properties which make them suitable for use in various applications such as electronics, aerospace, automotive and dies & punches (abrasive products). Niobium tungsten alloys are also gaining traction due to their high strength-to-weight ratio which makes them suitable for use in various applications such as electronics, aerospace and automotive.
Some Of The Growth Factors Of This Market:
- Tungsten is a rare metal that is used in the production of many different products, including steel, cement, and electronics.
- The demand for tungsten has been increasing as it is used in more and more industries.
- Tungsten prices have been rising due to increased demand and decreased supply from China's mining ban on tungsten ore exports.
- The price of tungsten has risen by over 50% since the start of 2018.
- Tungsten prices are expected to continue to rise.
Industry Growth Insights published a new data on “Tungsten Alloy Market”. The research report is titled “Tungsten Alloy Market research by Types (Molybdenum Tungsten Alloys, Niobium Tungsten Alloys, Other), By Applications (Electronics, Aerospace, Automotive, Dies & Punches, Others (Abrasive Products, etc.)), By Players/Companies TaeguTec Ltd, Eurotungstene, Sandvik, Buffalo Tungsten, Wolfram Company JSC, JXTC, AST, Kennametal, China Minmetals Corporation, Chongyi Zhangyyuan Tungsten Co, Xiamen Tungsten, Element Six, Lineage Alloys, Japan New Metals, Jiangxi Yaosheng, H.C.Starck, ALMT Corp, GuangDong XiangLu Tungsten, Plansee (GTP), Kohsei Co Ltd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Alloy Market Research Report
By Type
Molybdenum Tungsten Alloys, Niobium Tungsten Alloys, Other
By Application
Electronics, Aerospace, Automotive, Dies & Punches, Others (Abrasive Products, etc.)
By Companies
TaeguTec Ltd, Eurotungstene, Sandvik, Buffalo Tungsten, Wolfram Company JSC, JXTC, AST, Kennametal, China Minmetals Corporation, Chongyi Zhangyyuan Tungsten Co, Xiamen Tungsten, Element Six, Lineage Alloys, Japan New Metals, Jiangxi Yaosheng, H.C.Starck, ALMT Corp, GuangDong XiangLu Tungsten, Plansee (GTP), Kohsei Co 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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Alloy Market Report Segments:
The global Tungsten Alloy market is segmented on the basis of:
Types
Molybdenum Tungsten Alloys, Niobium Tungsten Alloys, Other
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
Electronics, Aerospace, Automotive, Dies & Punches, Others (Abrasive Products, etc.)
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:
- TaeguTec Ltd
- Eurotungstene
- Sandvik
- Buffalo Tungsten
- Wolfram Company JSC
- JXTC
- AST
- Kennametal
- China Minmetals Corporation
- Chongyi Zhangyyuan Tungsten Co
- Xiamen Tungsten
- Element Six
- Lineage Alloys
- Japan New Metals
- Jiangxi Yaosheng
- H.C.Starck
- ALMT Corp
- GuangDong XiangLu Tungsten
- Plansee (GTP)
- Kohsei Co Ltd
Highlights of The Tungsten Alloy 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 Tungsten Alloys
- Niobium Tungsten Alloys
- Other
- By Application:
- Electronics
- Aerospace
- Automotive
- Dies & Punches
- Others (Abrasive Products, etc.)
- 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 Alloy 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 alloy is a type of alloy that is made from tungsten and other metals. It is often used in parts of cars, aircraft, and other equipment that need to be resistant to corrosion.
Some of the major companies in the tungsten alloy market are TaeguTec Ltd, Eurotungstene, Sandvik, Buffalo Tungsten, Wolfram Company JSC, JXTC, AST, Kennametal, China Minmetals Corporation, Chongyi Zhangyyuan Tungsten Co, Xiamen Tungsten, Element Six, Lineage Alloys, Japan New Metals, Jiangxi Yaosheng, H.C.Starck, ALMT Corp, GuangDong XiangLu Tungsten, Plansee (GTP), Kohsei Co Ltd.
The tungsten alloy market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tungsten Alloy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tungsten Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tungsten Alloy Market - Supply Chain
4.5. Global Tungsten Alloy Market Forecast
4.5.1. Tungsten Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tungsten Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tungsten Alloy Market Absolute $ Opportunity
5. Global Tungsten Alloy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tungsten Alloy Market Size and Volume Forecast by Type
5.3.1. Molybdenum Tungsten Alloys
5.3.2. Niobium Tungsten Alloys
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tungsten Alloy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tungsten Alloy Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Aerospace
6.3.3. Automotive
6.3.4. Dies & Punches
6.3.5. Others (Abrasive Products, etc.)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tungsten Alloy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tungsten Alloy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tungsten Alloy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tungsten Alloy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tungsten Alloy Demand Share Forecast, 2019-2026
9. North America Tungsten Alloy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tungsten Alloy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tungsten Alloy Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Aerospace
9.4.3. Automotive
9.4.4. Dies & Punches
9.4.5. Others (Abrasive Products, etc.)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tungsten Alloy Market Size and Volume Forecast by Type
9.7.1. Molybdenum Tungsten Alloys
9.7.2. Niobium Tungsten Alloys
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tungsten Alloy Demand Share Forecast, 2019-2026
10. Latin America Tungsten Alloy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tungsten Alloy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tungsten Alloy Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Aerospace
10.4.3. Automotive
10.4.4. Dies & Punches
10.4.5. Others (Abrasive Products, etc.)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tungsten Alloy Market Size and Volume Forecast by Type
10.7.1. Molybdenum Tungsten Alloys
10.7.2. Niobium Tungsten Alloys
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tungsten Alloy Demand Share Forecast, 2019-2026
11. Europe Tungsten Alloy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tungsten Alloy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tungsten Alloy Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Aerospace
11.4.3. Automotive
11.4.4. Dies & Punches
11.4.5. Others (Abrasive Products, etc.)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tungsten Alloy Market Size and Volume Forecast by Type
11.7.1. Molybdenum Tungsten Alloys
11.7.2. Niobium Tungsten Alloys
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tungsten Alloy Demand Share, 2019-2026
12. Asia Pacific Tungsten Alloy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tungsten Alloy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tungsten Alloy Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Aerospace
12.4.3. Automotive
12.4.4. Dies & Punches
12.4.5. Others (Abrasive Products, etc.)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tungsten Alloy Market Size and Volume Forecast by Type
12.7.1. Molybdenum Tungsten Alloys
12.7.2. Niobium Tungsten Alloys
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tungsten Alloy Demand Share, 2019-2026
13. Middle East & Africa Tungsten Alloy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tungsten Alloy Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tungsten Alloy Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Aerospace
13.4.3. Automotive
13.4.4. Dies & Punches
13.4.5. Others (Abrasive Products, etc.)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tungsten Alloy Market Size and Volume Forecast by Type
13.7.1. Molybdenum Tungsten Alloys
13.7.2. Niobium Tungsten Alloys
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tungsten Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tungsten Alloy Market: Market Share Analysis
14.2. Tungsten Alloy Distributors and Customers
14.3. Tungsten Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TaeguTec Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eurotungstene
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sandvik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Buffalo Tungsten
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wolfram Company JSC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JXTC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AST
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kennametal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Minmetals Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chongyi Zhangyyuan Tungsten Co
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xiamen Tungsten
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Element Six
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lineage Alloys
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Japan New Metals
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiangxi Yaosheng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. H.C.Starck
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ALMT Corp
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. GuangDong XiangLu Tungsten
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Plansee (GTP)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Kohsei Co Ltd
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
