Tungsten Market by Form Sheets, Strips, Rod, Ribbons, Foils and Wire and End Use Chemicals, Steels, Hard metals, Mill products and Others – Global Industry Analysis and Forecast to 2025
Industry Outlook and Trend Analysis
Tungsten is also called as Wolfram which is a grayish-white metal having a shiny appearance with a decent anti-erosion properties. Tungsten is broadly utilized in its composite frame in light of the fact that unadulterated tungsten is costly and even troublesome for machining. Its composite comprises of nickel, iron or copper included tungsten. Tungsten is likewise accessible in powder frame known as tungsten powder and tungsten carbide powder and its size extents from 0.40 microns to 17.50 microns and is utilized in end plants, circuit board drills and spouts. Fine tungsten carbide powders are utilized for additions and cutting apparatuses, though ultra-coarse and medium powders are utilized for wear and kick the bucket parts, street development offers.
Drivers and Restraints
Developing end use enterprises, for example, car businesses and increment in the interest of wear safe materials is foreseen to support the market of established carbide and at last will drive the worldwide tungsten showcase. Tungsten has its application in electronic and electrical parts, for example, electron producers, lead-in wires and electrical contacts and these enterprises are anticipated to develop, prompting the expansion in worldwide tungsten advertise. On the other hand economic slowdown can really harm the market.
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Regional Insights
The Asia Pacific area is ruling the worldwide tungsten market, China keeps on being the pioneer in the supply and utilization of tungsten in the worldwide tungsten showcase in light of its huge tungsten holds and support of the Chinese government to the tungsten item enterprises.
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Mahavir Metal Corporation.
H Cross Company
Global Tungsten and Powders Corp.
Buffalo Tungsten Inc.
Federal Carbide Company
TandD Material Manufacturing
Midwest Tungsten Service
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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