The global tungsten products market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of the market can be attributed to the increasing demand for tungsten in various applications such as medicine, lighting, electronics and aerospace. Tungsten is used in various applications due to its high melting point and low thermal conductivity properties which make it an ideal material for use in high-temperature environments such as furnaces and kilns.
The global tungsten products market is segmented on the basis of type into tungsten bucking bar, tungsten rod, evaporation boats, electron gun parts and tungsten wire; on the basis of application into medicine, lighting, electronics and aerospace; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- Tungsten is a metal that is used in many industries, including the automotive industry, aerospace industry, and chemical industry.
- The demand for tungsten has been increasing due to its use in the manufacturing of high-performance alloys and other products.
- Tungsten prices have been increasing due to increased demand from China and India as well as increased global production of tungsten ore.
- The price of tungsten has been volatile over the past few years because it is traded on a spot market with no futures contracts available for trading or hedging purposes; this makes it difficult for producers to predict future prices and plan accordingly.
- Tungsten prices are expected to continue rising because there are not enough mines producing tungsten ore.
Industry Growth Insights published a new data on “Tungsten Products Market”. The research report is titled “Tungsten Products Market research by Types (Tungsten Bucking Bar, Tungsten Rod, Evaporation Boats, Electron Gun Parts, Tungsten Wire, Other), By Applications (Medicine, Lighting, Electronics, Aerospace, Other), By Players/Companies Midwest Tungsten Service, ITIA, Elmet, Global Tungsten & Powders, Aero Industries Inc, ATI, Metal Cutting, H.C. Starck, Buffalo Tungsten Inc., Novotec”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Products Market Research Report
By Type
Tungsten Bucking Bar, Tungsten Rod, Evaporation Boats, Electron Gun Parts, Tungsten Wire, Other
By Application
Medicine, Lighting, Electronics, Aerospace, Other
By Companies
Midwest Tungsten Service, ITIA, Elmet, Global Tungsten & Powders, Aero Industries Inc, ATI, Metal Cutting, H.C. Starck, Buffalo Tungsten Inc., Novotec
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Products Market Report Segments:
The global Tungsten Products market is segmented on the basis of:
Types
Tungsten Bucking Bar, Tungsten Rod, Evaporation Boats, Electron Gun Parts, Tungsten Wire, 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
Medicine, Lighting, Electronics, Aerospace, 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:
- Midwest Tungsten Service
- ITIA
- Elmet
- Global Tungsten & Powders
- Aero Industries Inc
- ATI
- Metal Cutting
- H.C. Starck
- Buffalo Tungsten Inc.
- Novotec
Highlights of The Tungsten Products 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:
- Tungsten Bucking Bar
- Tungsten Rod
- Evaporation Boats
- Electron Gun Parts
- Tungsten Wire
- Other
- By Application:
- Medicine
- Lighting
- Electronics
- Aerospace
- 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 Products 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
- Market Entry Strategies
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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 products are alloys of tungsten and other elements. They are used in a variety of applications, including filaments for light bulbs, electrodes for fuel cells, and surgical implants.
Some of the major players in the tungsten products market are Midwest Tungsten Service, ITIA, Elmet, Global Tungsten & Powders, Aero Industries Inc, ATI, Metal Cutting, H.C. Starck, Buffalo Tungsten Inc., Novotec.
The tungsten products market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tungsten Products 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 Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tungsten Products Market - Supply Chain
4.5. Global Tungsten Products Market Forecast
4.5.1. Tungsten Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tungsten Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tungsten Products Market Absolute $ Opportunity
5. Global Tungsten Products 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 Products Market Size and Volume Forecast by Type
5.3.1. Tungsten Bucking Bar
5.3.2. Tungsten Rod
5.3.3. Evaporation Boats
5.3.4. Electron Gun Parts
5.3.5. Tungsten Wire
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tungsten Products 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 Products Market Size and Volume Forecast by Application
6.3.1. Medicine
6.3.2. Lighting
6.3.3. Electronics
6.3.4. Aerospace
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tungsten Products 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 Products 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 Products 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 Products 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 Products Demand Share Forecast, 2019-2026
9. North America Tungsten Products 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 Products 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 Products Market Size and Volume Forecast by Application
9.4.1. Medicine
9.4.2. Lighting
9.4.3. Electronics
9.4.4. Aerospace
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 Products Market Size and Volume Forecast by Type
9.7.1. Tungsten Bucking Bar
9.7.2. Tungsten Rod
9.7.3. Evaporation Boats
9.7.4. Electron Gun Parts
9.7.5. Tungsten Wire
9.7.6. 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 Products Demand Share Forecast, 2019-2026
10. Latin America Tungsten Products 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 Products 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 Products Market Size and Volume Forecast by Application
10.4.1. Medicine
10.4.2. Lighting
10.4.3. Electronics
10.4.4. Aerospace
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 Products Market Size and Volume Forecast by Type
10.7.1. Tungsten Bucking Bar
10.7.2. Tungsten Rod
10.7.3. Evaporation Boats
10.7.4. Electron Gun Parts
10.7.5. Tungsten Wire
10.7.6. 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 Products Demand Share Forecast, 2019-2026
11. Europe Tungsten Products 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 Products 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 Products Market Size and Volume Forecast by Application
11.4.1. Medicine
11.4.2. Lighting
11.4.3. Electronics
11.4.4. Aerospace
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 Products Market Size and Volume Forecast by Type
11.7.1. Tungsten Bucking Bar
11.7.2. Tungsten Rod
11.7.3. Evaporation Boats
11.7.4. Electron Gun Parts
11.7.5. Tungsten Wire
11.7.6. 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 Products Demand Share, 2019-2026
12. Asia Pacific Tungsten Products 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 Products 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 Products Market Size and Volume Forecast by Application
12.4.1. Medicine
12.4.2. Lighting
12.4.3. Electronics
12.4.4. Aerospace
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 Products Market Size and Volume Forecast by Type
12.7.1. Tungsten Bucking Bar
12.7.2. Tungsten Rod
12.7.3. Evaporation Boats
12.7.4. Electron Gun Parts
12.7.5. Tungsten Wire
12.7.6. 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 Products Demand Share, 2019-2026
13. Middle East & Africa Tungsten Products 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 Products 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 Products Market Size and Volume Forecast by Application
13.4.1. Medicine
13.4.2. Lighting
13.4.3. Electronics
13.4.4. Aerospace
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 Products Market Size and Volume Forecast by Type
13.7.1. Tungsten Bucking Bar
13.7.2. Tungsten Rod
13.7.3. Evaporation Boats
13.7.4. Electron Gun Parts
13.7.5. Tungsten Wire
13.7.6. 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 Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tungsten Products Market: Market Share Analysis
14.2. Tungsten Products Distributors and Customers
14.3. Tungsten Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Midwest Tungsten Service
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ITIA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Elmet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Global Tungsten & Powders
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aero Industries Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ATI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Metal Cutting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. H.C. Starck
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Buffalo Tungsten Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Novotec
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
