Tungsten Market Research Report by Product Type, Application, State - United States Forecast to 2027 - Cumulative Impact of COVID-19

Tungsten Market Research Report by Product Type, Application, State - United States Forecast to 2027 - Cumulative Impact of COVID-19

The United States Tungsten Market size was estimated at USD 917.42 million in 2021 and expected to reach USD 976.81 million in 2022, and is projected to grow at a CAGR 8.44% to reach USD 1,492.29 million by 2027.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Tungsten to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Product Type, the market was studied across Alloy and Pure Metal.

Based on Application, the market was studied across Nanowires, Permanent Magnets, Superalloys, and Tungsten carbide tools.

Based on State, the market was studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Tungsten market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Tungsten Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the United States Tungsten Market, including A.L.M.T. Corp., Allegheny Technologies Inc., Almonty Industries Inc., ATTL Advanced Materials Co.,Ltd., Betek GmbH & Co. KG, Buffalo Tungsten Inc., China Minmetals Corporation, China Molybdenum Co., Ltd., Chongyi Zhangyuan Tungsten Co., Ltd., Global Tungsten & Powders Corporation, Guangdong XiangLu Tungsten Co. Ltd., H.C. Starck GmbH, IMC Group, Japan New Metals Company, Kennametal, Inc., M&I Materials Ltd, Nippon Tungsten Co., Ltd., Plansee Group, QuesTek Innovations LLC, Sandvik Group, Specialty Metals Resources SA, Umicore N.V., and Xiamen Tungsten Co., Ltd..

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the United States Tungsten Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the United States Tungsten Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the United States Tungsten Market?
4. What is the competitive strategic window for opportunities in the United States Tungsten Market?
5. What are the technology trends and regulatory frameworks in the United States Tungsten Market?
6. What is the market share of the leading vendors in the United States Tungsten Market?
7. What modes and strategic moves are considered suitable for entering the United States Tungsten Market?

Please Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing focus on new & efficient aerospace components to fuel in the U.S.
5.1.1.2. Rising industrial activities and adoption of consumer electronics in the U.S.
5.1.2. Restraints
5.1.2.1. Volatility in demand and supply and high cost raw materials
5.1.3. Opportunities
5.1.3.1. Adoption of advanced 3D printing technique to improve properties of high-temperature tungsten & alloys
5.1.3.2. Advanced approaches to develop thoriated tungsten wire for microwave vacuum tubes in the U.S navy
5.1.4. Challenges
5.1.4.1. Adverse effects on environment
5.2. Cumulative Impact of COVID-19
6. Tungsten Market, by Product Type
6.1. Introduction
6.2. Alloy
6.3. Pure Metal
7. Tungsten Market, by Application
7.1. Introduction
7.2. Nanowires
7.3. Permanent Magnets
7.4. Superalloys
7.5. Tungsten carbide tools
8. California Tungsten Market
8.1. Introduction
9. Florida Tungsten Market
9.1. Introduction
10. Illinois Tungsten Market
10.1. Introduction
11. New York Tungsten Market
11.1. Introduction
12. Ohio Tungsten Market
12.1. Introduction
13. Pennsylvania Tungsten Market
13.1. Introduction
14. Texas Tungsten Market
14.1. Introduction
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.1.1. Quadrants
15.1.2. Business Strategy
15.1.3. Product Satisfaction
15.2. Market Ranking Analysis, By Key Player
15.3. Market Share Analysis, By Key Player
15.4. Competitive Scenario
15.4.1. Merger & Acquisition
15.4.2. Agreement, Collaboration, & Partnership
15.4.3. New Product Launch & Enhancement
15.4.4. Investment & Funding
15.4.5. Award, Recognition, & Expansion
16. Company Usability Profiles
16.1. A.L.M.T. Corp.
16.1.1. Business Overview
16.1.2. Key Executives
16.1.3. Product & Services
16.2. Allegheny Technologies Inc.
16.2.1. Business Overview
16.2.2. Key Executives
16.2.3. Product & Services
16.3. Almonty Industries Inc.
16.3.1. Business Overview
16.3.2. Key Executives
16.3.3. Product & Services
16.4. ATTL Advanced Materials Co.,Ltd.
16.4.1. Business Overview
16.4.2. Key Executives
16.4.3. Product & Services
16.5. Betek GmbH & Co. KG
16.5.1. Business Overview
16.5.2. Key Executives
16.5.3. Product & Services
16.6. Buffalo Tungsten Inc.
16.6.1. Business Overview
16.6.2. Key Executives
16.6.3. Product & Services
16.7. China Minmetals Corporation
16.7.1. Business Overview
16.7.2. Key Executives
16.7.3. Product & Services
16.8. China Molybdenum Co., Ltd.
16.8.1. Business Overview
16.8.2. Key Executives
16.8.3. Product & Services
16.9. Chongyi Zhangyuan Tungsten Co., Ltd.
16.9.1. Business Overview
16.9.2. Key Executives
16.9.3. Product & Services
16.10. Global Tungsten & Powders Corporation
16.10.1. Business Overview
16.10.2. Key Executives
16.10.3. Product & Services
16.11. Guangdong XiangLu Tungsten Co. Ltd.
16.11.1. Business Overview
16.11.2. Key Executives
16.11.3. Product & Services
16.12. H.C. Starck GmbH
16.12.1. Business Overview
16.12.2. Key Executives
16.12.3. Product & Services
16.13. IMC Group
16.13.1. Business Overview
16.13.2. Key Executives
16.13.3. Product & Services
16.14. Japan New Metals Company
16.14.1. Business Overview
16.14.2. Key Executives
16.14.3. Product & Services
16.15. Kennametal, Inc.
16.15.1. Business Overview
16.15.2. Key Executives
16.15.3. Product & Services
16.16. M&I Materials Ltd
16.16.1. Business Overview
16.16.2. Key Executives
16.16.3. Product & Services
16.17. Nippon Tungsten Co., Ltd.
16.17.1. Business Overview
16.17.2. Key Executives
16.17.3. Product & Services
16.18. Plansee Group
16.18.1. Business Overview
16.18.2. Key Executives
16.18.3. Product & Services
16.19. QuesTek Innovations LLC
16.19.1. Business Overview
16.19.2. Key Executives
16.19.3. Product & Services
16.20. Sandvik Group
16.20.1. Business Overview
16.20.2. Key Executives
16.20.3. Product & Services
16.21. Specialty Metals Resources SA
16.21.1. Business Overview
16.21.2. Key Executives
16.21.3. Product & Services
16.22. Umicore N.V.
16.22.1. Business Overview
16.22.2. Key Executives
16.22.3. Product & Services
16.23. Xiamen Tungsten Co., Ltd.
16.23.1. Business Overview
16.23.2. Key Executives
16.23.3. Product & Services
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
List of Figures
FIGURE 1. UNITED STATES TUNGSTEN MARKET: RESEARCH PROCESS
FIGURE 2. UNITED STATES TUNGSTEN MARKET SIZE, 2021 VS 2027
FIGURE 3. UNITED STATES TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 4. UNITED STATES TUNGSTEN MARKET SIZE, BY STATE, 2021 VS 2027 (%)
FIGURE 5. UNITED STATES TUNGSTEN MARKET SIZE, BY STATE, 2021 VS 2027 (USD MILLION)
FIGURE 6. UNITED STATES TUNGSTEN MARKET COMPETITIVE STRATEGIC WINDOW, BY STATE, 2027
FIGURE 7. UNITED STATES TUNGSTEN MARKET DYNAMICS
FIGURE 8. UNITED STATES TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2021 VS 2027 (%)
FIGURE 9. UNITED STATES TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2021 VS 2027 (USD MILLION)
FIGURE 10. UNITED STATES TUNGSTEN MARKET COMPETITIVE STRATEGIC WINDOW, BY PRODUCT TYPE, 2027
FIGURE 11. UNITED STATES TUNGSTEN MARKET SIZE, BY ALLOY, 2018-2027 (USD MILLION)
FIGURE 12. UNITED STATES TUNGSTEN MARKET SIZE, BY PURE METAL, 2018-2027 (USD MILLION)
FIGURE 13. UNITED STATES TUNGSTEN MARKET SIZE, BY APPLICATION, 2021 VS 2027 (%)
FIGURE 14. UNITED STATES TUNGSTEN MARKET SIZE, BY APPLICATION, 2021 VS 2027 (USD MILLION)
FIGURE 15. UNITED STATES TUNGSTEN MARKET COMPETITIVE STRATEGIC WINDOW, BY APPLICATION, 2027
FIGURE 16. UNITED STATES TUNGSTEN MARKET SIZE, BY NANOWIRES, 2018-2027 (USD MILLION)
FIGURE 17. UNITED STATES TUNGSTEN MARKET SIZE, BY PERMANENT MAGNETS, 2018-2027 (USD MILLION)
FIGURE 18. UNITED STATES TUNGSTEN MARKET SIZE, BY SUPERALLOYS, 2018-2027 (USD MILLION)
FIGURE 19. UNITED STATES TUNGSTEN MARKET SIZE, BY TUNGSTEN CARBIDE TOOLS, 2018-2027 (USD MILLION)
FIGURE 20. CALIFORNIA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 21. FLORIDA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 22. ILLINOIS TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 23. NEW YORK TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 24. OHIO TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 25. PENNSYLVANIA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 26. TEXAS TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 27. UNITED STATES TUNGSTEN MARKET: FPNV POSITIONING MATRIX, 2021
FIGURE 28. UNITED STATES TUNGSTEN MARKET SHARE, BY KEY PLAYER, 2021
FIGURE 29. UNITED STATES TUNGSTEN MARKET COMPETITIVE SCENARIO, BY KEY TYPE, 2021
List of Tables
TABLE 1. UNITED STATES TUNGSTEN MARKET SEGMENTATION & COVERAGE
TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021
TABLE 3. UNITED STATES TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 4. UNITED STATES TUNGSTEN MARKET SIZE, BY STATE, 2018-2027 (USD MILLION)
TABLE 5. UNITED STATES TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 6. UNITED STATES TUNGSTEN MARKET SIZE, BY ALLOY, 2018-2027 (USD MILLION)
TABLE 7. UNITED STATES TUNGSTEN MARKET SIZE, BY ALLOY, BY STATE, 2018-2027 (USD MILLION)
TABLE 8. UNITED STATES TUNGSTEN MARKET SIZE, BY PURE METAL, 2018-2027 (USD MILLION)
TABLE 9. UNITED STATES TUNGSTEN MARKET SIZE, BY PURE METAL, BY STATE, 2018-2027 (USD MILLION)
TABLE 10. UNITED STATES TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 11. UNITED STATES TUNGSTEN MARKET SIZE, BY NANOWIRES, 2018-2027 (USD MILLION)
TABLE 12. UNITED STATES TUNGSTEN MARKET SIZE, BY NANOWIRES, BY STATE, 2018-2027 (USD MILLION)
TABLE 13. UNITED STATES TUNGSTEN MARKET SIZE, BY PERMANENT MAGNETS, 2018-2027 (USD MILLION)
TABLE 14. UNITED STATES TUNGSTEN MARKET SIZE, BY PERMANENT MAGNETS, BY STATE, 2018-2027 (USD MILLION)
TABLE 15. UNITED STATES TUNGSTEN MARKET SIZE, BY SUPERALLOYS, 2018-2027 (USD MILLION)
TABLE 16. UNITED STATES TUNGSTEN MARKET SIZE, BY SUPERALLOYS, BY STATE, 2018-2027 (USD MILLION)
TABLE 17. UNITED STATES TUNGSTEN MARKET SIZE, BY TUNGSTEN CARBIDE TOOLS, 2018-2027 (USD MILLION)
TABLE 18. UNITED STATES TUNGSTEN MARKET SIZE, BY TUNGSTEN CARBIDE TOOLS, BY STATE, 2018-2027 (USD MILLION)
TABLE 19. CALIFORNIA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 20. CALIFORNIA TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 21. CALIFORNIA TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 22. FLORIDA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 23. FLORIDA TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 24. FLORIDA TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 25. ILLINOIS TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 26. ILLINOIS TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 27. ILLINOIS TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 28. NEW YORK TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 29. NEW YORK TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 30. NEW YORK TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 31. OHIO TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 32. OHIO TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 33. OHIO TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 34. PENNSYLVANIA TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 35. PENNSYLVANIA TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 36. PENNSYLVANIA TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 37. TEXAS TUNGSTEN MARKET SIZE, 2018-2027 (USD MILLION)
TABLE 38. TEXAS TUNGSTEN MARKET SIZE, BY PRODUCT TYPE, 2018-2027 (USD MILLION)
TABLE 39. TEXAS TUNGSTEN MARKET SIZE, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 40. UNITED STATES TUNGSTEN MARKET: FPNV POSITIONING MATRIX - SCORES, 2021
TABLE 41. UNITED STATES TUNGSTEN MARKET: FPNV POSITIONING MATRIX - BUSINESS STRATEGY, 2021
TABLE 42. UNITED STATES TUNGSTEN MARKET: FPNV POSITIONING MATRIX - PRODUCT SATISFACTION, 2021
TABLE 43. UNITED STATES TUNGSTEN MARKET RANKING, BY KEY PLAYER, 2021
TABLE 44. UNITED STATES TUNGSTEN MARKET SHARE, BY KEY PLAYER, 2021
TABLE 45. UNITED STATES TUNGSTEN MARKET MERGER & ACQUISITION
TABLE 46. UNITED STATES TUNGSTEN MARKET AGREEMENT, COLLABORATION, & PARTNERSHIP
TABLE 47. UNITED STATES TUNGSTEN MARKET NEW PRODUCT LAUNCH & ENHANCEMENT
TABLE 48. UNITED STATES TUNGSTEN MARKET INVESTMENT & FUNDING
TABLE 49. UNITED STATES TUNGSTEN MARKET AWARD, RECOGNITION, & EXPANSION
TABLE 50. UNITED STATES TUNGSTEN MARKET: LICENSE & PRICING

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