Tungsten Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Japan, Russia - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 165 SKU: IRTNTR72985

Tungsten Market Size & Forecast

The tungsten market size is estimated to grow at a CAGR of 7.11% between 2023 and 2028 with the market size forecast to increase by USD 1.95 billion. 

This tungsten market report extensively covers market segmentation by product (hard metal, steel and alloys, mill products, and others), application (automotive, aerospace and defense, electrical and electronics, machine tools and equipment, and healthcare), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.

The growth of the market depends on several factors such as the wide use of tungsten in integrated circuits, the increasing demand for tungsten carbide from the automotive industry, and the vast reserves of tungsten ores in China. 

What will be the Size of the Tungsten Market During the Forecast Period?

To learn more about this report, Request Free Sample

Tungsten Market Definition

Tungsten is one of the toughest metals found in nature and exhibits unique properties. Pure tungsten is silver-colored and has a high melting point. It offers high density and resists fracture and high temperatures. It is primarily extracted from wolframite and scheelite.

Tungsten Market Segment Insights

Product Insights

The hard metal segment is estimated to witness significant growth during the forecast period. Hard metal products made of tungsten are also known as cemented carbides, a composite engineering material. Cemented carbides are preferred to other hard materials such as hardened steel, hard ceramic materials (aluminum oxide or silicon carbide), high-strength titanium alloys, and fiber-reinforced composites due to their unique characteristics.

Get a glance at the market contribution of various segments View the PDF Sample

The hard metal segment was the largest segment and was valued at USD 1.67 billion in 2018. Cemented carbides exhibit excellent strength, hardness, transverse rupture strength, and fracture toughness. They are used in applications such as machining cast irons, hardened steel, non-ferrous metals, nickel-based high-strength alloys, stainless steel, composites, and wear parts. Thus, such factors will drive the growth of the market segment during the forecast period. 

Tungsten Market Regional Insights

APAC Region

APAC is estimated to contribute 69% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Download PDF Sample now!

Major end-user industries of tungsten, including automotive, construction, aerospace, and defense, are flourishing in APAC due to significant economic growth. India, Indonesia, Thailand, and Vietnam exhibit a high demand for automobiles. Automotive manufacturers in APAC broadly use tungsten carbide and mill products. China, Japan, and India are the key contributors. Furthermore, the aviation industry in the region is exhibiting growth due to the rising number of transits. The region offers numerous opportunities to aerospace manufacturers and the general aviation industry. The use of tungsten in arms and ammunition is expected to increase during the forecast period.

Tungsten Market: Key Drivers, Trends, and Challenges

The wide use of tungsten in integrated circuits is the key factor driving market growth. The use of ICs (integrated circuits) is anticipated to grow due to the rising number of end-user applications. Electronic equipment such as laptops, personal computers, cellular phones, and other digital home appliances use ICs because of their small size and low manufacturing cost.

Furthermore, tungsten is a crucial component in modern circuitry and is used in all advanced chips to connect the transistors and interconnecting layers. The rising demand for ICs fuels the demand for tungsten, which in turn will drive the growth of the global tungsten market in focus during the forecast period.

Miniaturization of electronic components is the primary trend shaping market growth. The advancements in semiconductors and a shift to ICs have led manufacturers to produce small electro-mechanical components in the last few years. Several industries, including aerospace, require miniaturized and lightweight electronic components as they are cost-effective and increase functionality. Cutting-edge materials, such as tungsten, are popularly used for manufacturing 3D (3 3-dimensional) ICs.

Moreover, in 3D circuit integration technology, ICs are vertically stacked via dense 3D electrical interconnections. These interconnections are made with tungsten plugs as they improve latency, power consumption, and memory bandwidth. Moreover, these tungsten plugs are used widely in complementary metal-oxide semiconductors (CMOS) to improve efficiency. Miniaturization is a prominent trend in consumer electronics, which will surge the demand for tungsten, which will boost the growth of the market during the forecast period.

Stringent environmental and safety regulations are challenges that affect market growth. Ingestion of tungsten metal or carbide through the air, water, or food causes lung diseases and carcinogenic health issues. The areas around tungsten mines, tungsten production industries, and natural deposits have high levels of tungsten in the air and water. The tungsten industry releases its waste into wastewater and poses serious health risks to humans.

Furthermore, the workers in the heavy metals industry exposed to this material are known to have been severely affected, despite consumer products containing tungsten not causing any adverse effects. The permissible levels of tungsten in the air, water, and food shall be established by federal government recommendations and regulations. The stringent regulation of tungsten production may have a negative impact on the growth of the global market during the forecast period.

Who are the Major Tungsten Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Almonty Industries Inc.: The company offers tungsten which includes pure tungsten containing small amounts of carbon and oxygen, which give tungsten metal its considerable hardness and brittleness.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Almonty Industries Inc., Amalgamated Metal Corp. PLC, Buffalo Tungsten Inc., China Molybdenum Co. Ltd., China Tungsten Online Manu and Sales Corp., Dymet Alloys, Federal Carbide Co., Group 6 Metals Ltd., Masan High Tech Materials, Mitsubishi Materials Corp., MOLTUN, PicoParts, Plansee SE, SALORO SLU, Saxony Minerals and Exploration AG SME AG, Specialty Metals Resources Ltd., T and D Materials Manufacturing LLC, TaeguTec LTD., Tungco INC., and Tungsten Mining NL

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

 Tungsten Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Tungsten Market Customer Landscape

 

Tungsten Market Scope

Report Coverage

Details

Page number

165

Base year

2023

Historic period

2017-2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.11%

Market growth 2024-2028

USD 1.95 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.69

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 69%

Key countries

US, China, India, Japan, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Almonty Industries Inc., Amalgamated Metal Corp. PLC, Buffalo Tungsten Inc., China Molybdenum Co. Ltd., China Tungsten Online Manu and Sales Corp., Dymet Alloys, Federal Carbide Co., Group 6 Metals Ltd., Masan High Tech Materials, Mitsubishi Materials Corp., MOLTUN, PicoParts, Plansee SE, SALORO SLU, Saxony Minerals and Exploration AG SME AG, Specialty Metals Resources Ltd., T and D Materials Manufacturing LLC, TaeguTec LTD., Tungco INC., and Tungsten Mining NL

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

What are the Key Data Covered in this Tungsten Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global tungsten market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global tungsten market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Hard metal - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Hard metal - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Hard metal - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Hard metal - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Hard metal - Year-over-year growth 2023-2028 (%)
    • 6.4 Steel and alloys - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Steel and alloys - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Steel and alloys - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Steel and alloys - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Steel and alloys - Year-over-year growth 2023-2028 (%)
    • 6.5 Mill products - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Mill products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Mill products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Mill products - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Mill products - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Aerospace and defense - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
    • 7.5 Electrical and electronics - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
    • 7.6 Machine tools and equipment - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Machine tools and equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Machine tools and equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Machine tools and equipment - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Machine tools and equipment - Year-over-year growth 2023-2028 (%)
    • 7.7 Healthcare - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 76: Market opportunity by Application ($ billion)
      • Exhibit 77: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 99: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Russia - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.12 US - Market size and forecast 2023-2028
      • Exhibit 119: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ billion)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 Almonty Industries Inc.
              • Exhibit 131: Almonty Industries Inc. - Overview
              • Exhibit 132: Almonty Industries Inc. - Product / Service
              • Exhibit 133: Almonty Industries Inc. - Key offerings
            • 12.4 Amalgamated Metal Corp. PLC
              • Exhibit 134: Amalgamated Metal Corp. PLC - Overview
              • Exhibit 135: Amalgamated Metal Corp. PLC - Product / Service
              • Exhibit 136: Amalgamated Metal Corp. PLC - Key offerings
            • 12.5 Buffalo Tungsten Inc.
              • Exhibit 137: Buffalo Tungsten Inc. - Overview
              • Exhibit 138: Buffalo Tungsten Inc. - Product / Service
              • Exhibit 139: Buffalo Tungsten Inc. - Key offerings
            • 12.6 China Molybdenum Co. Ltd.
              • Exhibit 140: China Molybdenum Co. Ltd. - Overview
              • Exhibit 141: China Molybdenum Co. Ltd. - Product / Service
              • Exhibit 142: China Molybdenum Co. Ltd. - Key offerings
            • 12.7 China Tungsten Online Manu and Sales Corp.
              • Exhibit 143: China Tungsten Online Manu and Sales Corp. - Overview
              • Exhibit 144: China Tungsten Online Manu and Sales Corp. - Product / Service
              • Exhibit 145: China Tungsten Online Manu and Sales Corp. - Key offerings
            • 12.8 Dymet Alloys
              • Exhibit 146: Dymet Alloys - Overview
              • Exhibit 147: Dymet Alloys - Product / Service
              • Exhibit 148: Dymet Alloys - Key offerings
            • 12.9 Federal Carbide Co.
              • Exhibit 149: Federal Carbide Co. - Overview
              • Exhibit 150: Federal Carbide Co. - Product / Service
              • Exhibit 151: Federal Carbide Co. - Key offerings
            • 12.10 Group 6 Metals Ltd.
              • Exhibit 152: Group 6 Metals Ltd. - Overview
              • Exhibit 153: Group 6 Metals Ltd. - Product / Service
              • Exhibit 154: Group 6 Metals Ltd. - Key offerings
            • 12.11 Masan High Tech Materials
              • Exhibit 155: Masan High Tech Materials - Overview
              • Exhibit 156: Masan High Tech Materials - Product / Service
              • Exhibit 157: Masan High Tech Materials - Key offerings
            • 12.12 Mitsubishi Materials Corp.
              • Exhibit 158: Mitsubishi Materials Corp. - Overview
              • Exhibit 159: Mitsubishi Materials Corp. - Business segments
              • Exhibit 160: Mitsubishi Materials Corp. - Key offerings
              • Exhibit 161: Mitsubishi Materials Corp. - Segment focus
            • 12.13 MOLTUN
              • Exhibit 162: MOLTUN - Overview
              • Exhibit 163: MOLTUN - Product / Service
              • Exhibit 164: MOLTUN - Key offerings
            • 12.14 PicoParts
              • Exhibit 165: PicoParts - Overview
              • Exhibit 166: PicoParts - Product / Service
              • Exhibit 167: PicoParts - Key offerings
            • 12.15 Plansee SE
              • Exhibit 168: Plansee SE - Overview
              • Exhibit 169: Plansee SE - Key offerings
            • 12.16 SALORO SLU
              • Exhibit 170: SALORO SLU - Overview
              • Exhibit 171: SALORO SLU - Product / Service
              • Exhibit 172: SALORO SLU - Key offerings
            • 12.17 TaeguTec LTD.
              • Exhibit 173: TaeguTec LTD. - Overview
              • Exhibit 174: TaeguTec LTD. - Product / Service
              • Exhibit 175: TaeguTec LTD. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              tungsten market market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis