Market Overview:
The global tungsten boat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for tungsten boats in various applications, such as container for rare earth smelting, light industry, electronic industry, military industry and others. In terms of region, North America dominates the global tungsten boat market followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth rate during the forecast period owing to rising demand from countries such as China and Japan.
Product Definition:
Tungsten boat is a device made out of tungsten metal that is used to contain and direct a plasma beam. The importance of the tungsten boat lies in its ability to withstand the high temperatures and pressures associated with the production of a plasma beam.
Thickness: 0.005":
Thickness: 0.005", it's usage.
The thickness of the tungsten carbide sheet is directly proportional to its strength. The thicker the sheet, the more resistant it is towards cracking and breakingage under stress & pressure. Therefore, increasing demand for high tensile materials in automotive industry has led to an increase in product consumption across various industries such as aerospace & defense, heavy machinery, etc.
Thickness: 0.010":
Thickness: 0.010" is the most common tungsten carbide thickness used in applications that require high-speed and large area cuts with minimal chip carryover. It offers a balance between cutting speed and material penetration with an optimum compromise between clearance, feed rate, and stability during operation.
Application Insights:
Container for rare earth smelting was the largest application segment in terms of volume and revenue in 2017. The product is used as a fluxing material for refining heavy Rare Earth Oxides (REEO) into lighter Rare Earth Metals (REEs). Increasing demand from various end-use industries including electronics, military, and energy are expected to drive the global tungsten boat market over the forecast period.
Electronic industry followed container for rare earth smelting as second-largest application segment owing to increasing use of tungsten metal powder in manufacturing semiconductors. Growing electronics industry across developing countries such as China, India, Thailand is anticipated to propel market growth over the forecast period. Electronic industry requires large amount of REEs which are mainly sourced from China and other Asian countries thus driving demand globally over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest rare earth mining areas in the world, such as China and Australia. As a result, Asia Pacific has been witnessing high demand for tungsten boats since 2010s on account of rising industrialization coupled with increasing manufacturing activities across various industries including construction, automotive, packaging & printing industry etc.
The growing electronic industry across emerging economies including India and China owing to rapid technological advancements has led to an increase in investments from major players for designing advanced products that can be manufactured using less raw material with superior quality at lower cost which will drive product demand over next eight years.
Growth Factors:
- Increasing demand from the aerospace and defense sectors as a result of the increasing use of tungsten in high-performance alloys and armor-piercing ammunition
- Growing demand for tungsten from the automotive industry due to its use in light-emitting diodes (LEDs) and other components
- Rapid growth in the global semiconductor market, which is driving increased demand for tungsten crucibles used in semiconductor manufacturing
- Rising prices for raw materials used to produce tungsten products, including wolframite and scheelite, which is encouraging manufacturers to seek alternative sources of supply
- Technological advances that are resulting in new applications for tungsten, such as its use as a heat sink material
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Boat Market Research Report
By Type
Thickness: 0.005", Thickness: 0.010", Thickness: 0.015", Thickness: 0.020", Other
By Application
Container for Rare Earth Smelting, Light Industry, Electronic Industry, Military Industry, Other
By Companies
Agar Scientific, Thermo Fisher, Kurt J. Lesker Company, Midwest Tungsten Servic, Ted Pella, Stanford Advanced Materials (SAM), RD Mathis, EdgeTech Industries
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 Boat Market Report Segments:
The global Tungsten Boat market is segmented on the basis of:
Types
Thickness: 0.005", Thickness: 0.010", Thickness: 0.015", Thickness: 0.020", 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
Container for Rare Earth Smelting, Light Industry, Electronic Industry, Military Industry, 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:
- Agar Scientific
- Thermo Fisher
- Kurt J. Lesker Company
- Midwest Tungsten Servic
- Ted Pella
- Stanford Advanced Materials (SAM)
- RD Mathis
- EdgeTech Industries
Highlights of The Tungsten Boat 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:
- Thickness: 0.005"
- Thickness: 0.010"
- Thickness: 0.015"
- Thickness: 0.020"
- Other
- By Application:
- Container for Rare Earth Smelting
- Light Industry
- Electronic Industry
- Military Industry
- 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 Boat 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?
Tungsten Boat is a computer game for the Commodore 64, Amiga and Atari ST. It was developed by British software house Sensible Software and published in 1990. The player controls a small boat as it navigates through an obstacle-filled sea, avoiding rocks and other hazards while collecting coins to buy upgrades for their vessel.
Some of the key players operating in the tungsten boat market are Agar Scientific, Thermo Fisher, Kurt J. Lesker Company, Midwest Tungsten Servic, Ted Pella, Stanford Advanced Materials (SAM), RD Mathis, EdgeTech Industries.
The tungsten boat market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tungsten Boat 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 Boat Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tungsten Boat Market - Supply Chain
4.5. Global Tungsten Boat Market Forecast
4.5.1. Tungsten Boat Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tungsten Boat Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tungsten Boat Market Absolute $ Opportunity
5. Global Tungsten Boat 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 Boat Market Size and Volume Forecast by Type
5.3.1. Thickness: 0.005"
5.3.2. Thickness: 0.010"
5.3.3. Thickness: 0.015"
5.3.4. Thickness: 0.020"
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tungsten Boat 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 Boat Market Size and Volume Forecast by Application
6.3.1. Container for Rare Earth Smelting
6.3.2. Light Industry
6.3.3. Electronic Industry
6.3.4. Military Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tungsten Boat 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 Boat 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 Boat 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 Boat 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 Boat Demand Share Forecast, 2019-2026
9. North America Tungsten Boat 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 Boat 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 Boat Market Size and Volume Forecast by Application
9.4.1. Container for Rare Earth Smelting
9.4.2. Light Industry
9.4.3. Electronic Industry
9.4.4. Military Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tungsten Boat Market Size and Volume Forecast by Type
9.7.1. Thickness: 0.005"
9.7.2. Thickness: 0.010"
9.7.3. Thickness: 0.015"
9.7.4. Thickness: 0.020"
9.7.5. 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 Boat Demand Share Forecast, 2019-2026
10. Latin America Tungsten Boat 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 Boat 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 Boat Market Size and Volume Forecast by Application
10.4.1. Container for Rare Earth Smelting
10.4.2. Light Industry
10.4.3. Electronic Industry
10.4.4. Military Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tungsten Boat Market Size and Volume Forecast by Type
10.7.1. Thickness: 0.005"
10.7.2. Thickness: 0.010"
10.7.3. Thickness: 0.015"
10.7.4. Thickness: 0.020"
10.7.5. 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 Boat Demand Share Forecast, 2019-2026
11. Europe Tungsten Boat 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 Boat 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 Boat Market Size and Volume Forecast by Application
11.4.1. Container for Rare Earth Smelting
11.4.2. Light Industry
11.4.3. Electronic Industry
11.4.4. Military Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tungsten Boat Market Size and Volume Forecast by Type
11.7.1. Thickness: 0.005"
11.7.2. Thickness: 0.010"
11.7.3. Thickness: 0.015"
11.7.4. Thickness: 0.020"
11.7.5. Other
11.8. Bais 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 Boat Demand Share, 2019-2026
12. Asia Pacific Tungsten Boat 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 Boat 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 Boat Market Size and Volume Forecast by Application
12.4.1. Container for Rare Earth Smelting
12.4.2. Light Industry
12.4.3. Electronic Industry
12.4.4. Military Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tungsten Boat Market Size and Volume Forecast by Type
12.7.1. Thickness: 0.005"
12.7.2. Thickness: 0.010"
12.7.3. Thickness: 0.015"
12.7.4. Thickness: 0.020"
12.7.5. 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 Boat Demand Share, 2019-2026
13. Middle East & Africa Tungsten Boat 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 Boat 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 Boat Market Size and Volume Forecast by Application
13.4.1. Container for Rare Earth Smelting
13.4.2. Light Industry
13.4.3. Electronic Industry
13.4.4. Military Industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tungsten Boat Market Size and Volume Forecast by Type
13.7.1. Thickness: 0.005"
13.7.2. Thickness: 0.010"
13.7.3. Thickness: 0.015"
13.7.4. Thickness: 0.020"
13.7.5. 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 Boat Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tungsten Boat Market: Market Share Analysis
14.2. Tungsten Boat Distributors and Customers
14.3. Tungsten Boat Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Agar Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thermo Fisher
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kurt J. Lesker Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Midwest Tungsten Servic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ted Pella
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stanford Advanced Materials (SAM)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RD Mathis
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EdgeTech Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook