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Tungsten (CAS 7440-33-7) Market to Hit US$ 1544.4 Million by 2026, Growing at 6.8% CAGR – Research by The Market Reports

The global Tungsten (CAS 7440-33-7) market was valued at US$ 969.5 million in 2019 and it is expected to reach US$ 1544.4 million by the end of 2026, growing at a CAGR of 6.8% during 2021-2026.

Tungsten is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.

China has the largest reserves of ores used in the production of tungsten. At the same time, China is also a major exporter of tungsten powder. It is worth noting that Xiamen Tungsten which company from China is the world’s largest producer of tungsten powder, accounted for 21% of global production in 2018. It is expected that China will continue to lead the global tungsten powder market in the next few years.Tungsten Powder (W) technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.

Global Tungsten (CAS 7440-33-7) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Tungsten (CAS 7440-33-7) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Xiamen Tungsten, Chongyi ZhangYuan Tungsten, GuangDong XiangLu Tungsten, Global Tungsten & Powders, China Tungsten & Hightech, JXTC, Japan New Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Ganzhou Haichuang Tungsten, Kennametal, A.L.M.T. Corp, Ganzhou Yatai Tungsten, Wolfram Company JSC, Treibacher Industrie, H.C. Starck, TaeguTec Ltd, Eurotungstene (Umicore), Buffalo Tungsten and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at:

Segment by Type

  • Up to 1μm
  • 1-10μm
  • 10-50μm
  • Other

Segment by Application

  • Cemented Carbide
  • Tungsten Mill Products
  • Steel and Alloy
  • Others

Table of Content:

1 Tungsten (CAS 7440-33-7) Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Tungsten (CAS 7440-33-7) Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Tungsten (CAS 7440-33-7) Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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