123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Tungsten Market Insights Global Opportunity Analysis And Industry Growth, Trends And Forecasts

By Author: Nikhil khadilkar
Total Articles: 122

Tungsten, also known as wolframis, is a naturally occurring chemical element. It exists on the Earth combination with other elements in the form of chemical compounds. Wolframite and Scheelite are the important ores of tungsten. Tungsten is primarily used in manufacturing hard metals based on tungsten carbide which is one of the hardest carbides. On account of its hardness it is widely used in manufacturing wear-resistant abrasives and cutting tools and equipment. This application accounts for more than 50% of the industrial consumption of the tungsten.

Get Free sample Copy @ https://www.marketresearchfuture.com/sample_request/7050

Based on metal, the global tungsten market has been segmented into foils, ribbons, wires, rods, tubes, and sheets & strips. Ribbons segment held the largest market share in 2017 on account of significant use in vast industrial applications and in vapor deposition processes.

By product, the market is categorized into carbides, tungsten alloys, tungsten mill products, tungsten chemicals, and others. Among them, carbide accounted to the largest share of the market in 2017. This mainly due to vast use of the tungsten in manufacturing hard materials based on tungsten carbide. The product is primarily used in manufacturing the tungsten carbide which is one of the hardest carbides. Due to its hardness, tungsten is widely used in manufacturing wear-resistant abrasives and cutting tools and equipment. This application accounts for more than 50% of the industrial consumption of the tungsten.

Based on end-use, the global tungsten market has been categorized into automotive, aerospace & defense, machine tools & equipment, electrical & electronics, chemicals, and others. The automotive sector held the major market share in 2017, which mainly attributed to the surging automotive production on the backdrop of increasing demand for the passenger cars and commercial vehicles in the emerging economies.

Market Segmentation

The global Tungsten market has been segmented on the basis of form, product, end-use, and region.

Based on form, the global tungsten market has been segregated into foils, ribbons, wires, rods, tubes, and sheets & strips.

By product, the market has been categorized into carbides, tungsten alloys, tungsten mill products, tungsten chemicals, and others.

Based on end-us, the market has been divided into automotive, aerospace & defense, machine tools & equipment, electrical & electronics, chemicals, and others.

The global tungsten market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global tungsten market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a high CAGR owing to the rising product demand in the automotive and electronics and electrical industries. North America is expected to witness significant growth during the forest period.

Competitive Analysis

The leading players in the global tungsten market are Xiamen Tungsten Co., Ltd. (China), Buffalo Tungsten Inc. (US), Federal Carbide Company (US), China Minmetals Corporation (China), Global Tungsten & Powders Corporation (US), Wolfram Bergbau-und Hutten AG (Austria), Tungsten Mining NL (Australia), Tejing Tungsten (Vietnam), Japan New Metals Co., Ltd. (Japan), and Saloro (Spain), among others.

Access Report @ https://www.marketresearchfuture.com/reports/tungsten-market-7050

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +16468459312

Email: sales@marketresearchfuture.com

Total Views: 3Word Count: 604See All articles From Author

Business Articles

1. Low Voltage Dc Circuit Breaker Market Growth Overview And Predictions On Size Share And Trend Throug
Author: Akshay

2. String Inverter Market Drivers, Growth Rate, Distributors, Future And Forecast Till 2021
Author: Akshay

3. Turbocompressor Market Set To Deliver Major Revenue Shares During The Forecast Period
Author: Akshay

4. What Benefits Are Provided By An Orthodontist?
Author: Ross Tylor

5. Sip Interest Calculator For Your Plan
Author: Jignesh Shah

6. A New Smart Tablet For Lenovo Tablet P10 Review – Just By A Echo Show
Author: Manoj Varma

7. Make Your House Efficient And Modern With A Solar Energy System
Author: Solar Tech Canada

8. Why And How To Discover Ideal Home Business Ideas In Usa?
Author: marisn mackle

9. How Effective Is Invisalign Compared To Braces
Author: Leon Anaf

10. Getting Mortgage Refinancing With Poor Credit Is Now Ways In Canada
Author: Rick Smith

11. Online Carbide Has End Mills For Sale At The Lowest Prices Online
Author: Geoffrey Less

12. The Review Of Samsung Galaxy Tablet A 10.5 For A Budget Tablet
Author: Manoj Varma

13. The Trolling Motor Advantage
Author: The Trolling Motor Advantage

14. Global Rfid In Transportation Market Report Forecast To 2024
Author: JSB Market Research

15. Uv Safety Products Around The World
Author: George Elliot

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: