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Global Tungsten Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 01, 2025
Length 159 Pages
SKU # BOSS20298744

Description

Report Overview

Tungsten, a heavy, hard, and dense metal with the highest melting point of all elements (3,422°C), is primarily used in industrial applications due to its exceptional strength, heat resistance, and conductivity. It is a critical material in the production of cemented carbides (hard metals), which account for over 60% of global demand, particularly for cutting tools, mining equipment, and wear-resistant parts. Tungsten is also essential in electronics (e.g., filaments, semiconductors), aerospace (high-temperature alloys), military (armor-piercing projectiles), and energy sectors (radiation shielding, fusion reactor components). The metal is primarily sourced from wolframite and scheelite ores, with China dominating global supply (over 80% of production), followed by Russia, Vietnam, and Bolivia. Demand is driven by industrial manufacturing, infrastructure development, and technological advancements, though the market faces challenges from price volatility, geopolitical risks (trade restrictions, export quotas), and environmental concerns related to mining. Emerging applications in renewable energy and electric vehicles (e.g., tungsten in battery anodes) could further boost demand, while recycling efforts are gaining traction to mitigate supply constraints. The market remains highly strategic due to tungsten's irreplaceable role in critical industries.

The global Tungsten market size was estimated at USD 1279.9 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.80% during the forecast period.

This report provides a deep insight into the global Tungsten market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Tungsten Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Tungsten market in any manner.

Global Tungsten Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

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

Market Segmentation (by Type)

Up to 1μm

1-10μm

10-50μm

Others

Market Segmentation (by Application)

Cemented Carbide

Tungsten Mill Products

Steel and Alloy

Others

Geographic Segmentation

North America (USA, 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)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Tungsten Market

Overview of the regional outlook of the Tungsten Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Tungsten Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Tungsten, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

159 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Tungsten
1.2 Key Market Segments
1.2.1 Tungsten Segment By Type
1.2.2 Tungsten Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Tungsten Market Overview
2.1 Global Market Overview
2.1.1 Global Tungsten Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Tungsten Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Tungsten Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Tungsten Product Life Cycle
3.3 Global Tungsten Sales By Manufacturers (2020-2025)
3.4 Global Tungsten Revenue Market Share By Manufacturers (2020-2025)
3.5 Tungsten Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Tungsten Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Tungsten Market Competitive Situation And Trends
3.8.1 Tungsten Market Concentration Rate
3.8.2 Global 5 And 10 Largest Tungsten Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Tungsten Industry Chain Analysis
4.1 Tungsten Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Tungsten Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Tungsten Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Tungsten Market
5.7 Esg Ratings Of Leading Companies
6 Tungsten Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Tungsten Sales Market Share By Type (2020-2025)
6.3 Global Tungsten Market Size Market Share By Type (2020-2025)
6.4 Global Tungsten Price By Type (2020-2025)
7 Tungsten Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Tungsten Market Sales By Application (2020-2025)
7.3 Global Tungsten Market Size (M Usd) By Application (2020-2025)
7.4 Global Tungsten Sales Growth Rate By Application (2020-2025)
8 Tungsten Market Sales By Region
8.1 Global Tungsten Sales By Region
8.1.1 Global Tungsten Sales By Region
8.1.2 Global Tungsten Sales Market Share By Region
8.2 Global Tungsten Market Size By Region
8.2.1 Global Tungsten Market Size By Region
8.2.2 Global Tungsten Market Size Market Share By Region
8.3 North America
8.3.1 North America Tungsten Sales By Country
8.3.2 North America Tungsten Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Tungsten Sales By Country
8.4.2 Europe Tungsten Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Tungsten Sales By Region
8.5.2 Asia Pacific Tungsten Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Tungsten Sales By Country
8.6.2 South America Tungsten Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Tungsten Sales By Region
8.7.2 Middle East And Africa Tungsten Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Tungsten Market Production By Region
9.1 Global Production Of Tungsten By Region(2020-2025)
9.2 Global Tungsten Revenue Market Share By Region (2020-2025)
9.3 Global Tungsten Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Tungsten Production
9.4.1 North America Tungsten Production Growth Rate (2020-2025)
9.4.2 North America Tungsten Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Tungsten Production
9.5.1 Europe Tungsten Production Growth Rate (2020-2025)
9.5.2 Europe Tungsten Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Tungsten Production (2020-2025)
9.6.1 Japan Tungsten Production Growth Rate (2020-2025)
9.6.2 Japan Tungsten Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Tungsten Production (2020-2025)
9.7.1 China Tungsten Production Growth Rate (2020-2025)
9.7.2 China Tungsten Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Xiamen Tungsten
10.1.1 Xiamen Tungsten Basic Information
10.1.2 Xiamen Tungsten Tungsten Product Overview
10.1.3 Xiamen Tungsten Tungsten Product Market Performance
10.1.4 Xiamen Tungsten Business Overview
10.1.5 Xiamen Tungsten Swot Analysis
10.1.6 Xiamen Tungsten Recent Developments
10.2 Chongyi Zhangyuan Tungsten
10.2.1 Chongyi Zhangyuan Tungsten Basic Information
10.2.2 Chongyi Zhangyuan Tungsten Tungsten Product Overview
10.2.3 Chongyi Zhangyuan Tungsten Tungsten Product Market Performance
10.2.4 Chongyi Zhangyuan Tungsten Business Overview
10.2.5 Chongyi Zhangyuan Tungsten Swot Analysis
10.2.6 Chongyi Zhangyuan Tungsten Recent Developments
10.3 Guangdong Xianglu Tungsten
10.3.1 Guangdong Xianglu Tungsten Basic Information
10.3.2 Guangdong Xianglu Tungsten Tungsten Product Overview
10.3.3 Guangdong Xianglu Tungsten Tungsten Product Market Performance
10.3.4 Guangdong Xianglu Tungsten Business Overview
10.3.5 Guangdong Xianglu Tungsten Swot Analysis
10.3.6 Guangdong Xianglu Tungsten Recent Developments
10.4 Global Tungsten And Powders
10.4.1 Global Tungsten And Powders Basic Information
10.4.2 Global Tungsten And Powders Tungsten Product Overview
10.4.3 Global Tungsten And Powders Tungsten Product Market Performance
10.4.4 Global Tungsten And Powders Business Overview
10.4.5 Global Tungsten And Powders Recent Developments
10.5 China Tungsten And Hightech
10.5.1 China Tungsten And Hightech Basic Information
10.5.2 China Tungsten And Hightech Tungsten Product Overview
10.5.3 China Tungsten And Hightech Tungsten Product Market Performance
10.5.4 China Tungsten And Hightech Business Overview
10.5.5 China Tungsten And Hightech Recent Developments
10.6 Jxtc
10.6.1 Jxtc Basic Information
10.6.2 Jxtc Tungsten Product Overview
10.6.3 Jxtc Tungsten Product Market Performance
10.6.4 Jxtc Business Overview
10.6.5 Jxtc Recent Developments
10.7 Japan New Metals
10.7.1 Japan New Metals Basic Information
10.7.2 Japan New Metals Tungsten Product Overview
10.7.3 Japan New Metals Tungsten Product Market Performance
10.7.4 Japan New Metals Business Overview
10.7.5 Japan New Metals Recent Developments
10.8 Jiangxi Yaosheng Tungsten
10.8.1 Jiangxi Yaosheng Tungsten Basic Information
10.8.2 Jiangxi Yaosheng Tungsten Tungsten Product Overview
10.8.3 Jiangxi Yaosheng Tungsten Tungsten Product Market Performance
10.8.4 Jiangxi Yaosheng Tungsten Business Overview
10.8.5 Jiangxi Yaosheng Tungsten Recent Developments
10.9 China Molybdenum
10.9.1 China Molybdenum Basic Information
10.9.2 China Molybdenum Tungsten Product Overview
10.9.3 China Molybdenum Tungsten Product Market Performance
10.9.4 China Molybdenum Business Overview
10.9.5 China Molybdenum Recent Developments
10.10 Ganzhou Haichuang Tungsten
10.10.1 Ganzhou Haichuang Tungsten Basic Information
10.10.2 Ganzhou Haichuang Tungsten Tungsten Product Overview
10.10.3 Ganzhou Haichuang Tungsten Tungsten Product Market Performance
10.10.4 Ganzhou Haichuang Tungsten Business Overview
10.10.5 Ganzhou Haichuang Tungsten Recent Developments
10.11 Kennametal
10.11.1 Kennametal Basic Information
10.11.2 Kennametal Tungsten Product Overview
10.11.3 Kennametal Tungsten Product Market Performance
10.11.4 Kennametal Business Overview
10.11.5 Kennametal Recent Developments
10.12 A.L.M.T. Corp
10.12.1 A.L.M.T. Corp Basic Information
10.12.2 A.L.M.T. Corp Tungsten Product Overview
10.12.3 A.L.M.T. Corp Tungsten Product Market Performance
10.12.4 A.L.M.T. Corp Business Overview
10.12.5 A.L.M.T. Corp Recent Developments
10.13 Ganzhou Yatai Tungsten
10.13.1 Ganzhou Yatai Tungsten Basic Information
10.13.2 Ganzhou Yatai Tungsten Tungsten Product Overview
10.13.3 Ganzhou Yatai Tungsten Tungsten Product Market Performance
10.13.4 Ganzhou Yatai Tungsten Business Overview
10.13.5 Ganzhou Yatai Tungsten Recent Developments
10.14 Wolfram Company Jsc
10.14.1 Wolfram Company Jsc Basic Information
10.14.2 Wolfram Company Jsc Tungsten Product Overview
10.14.3 Wolfram Company Jsc Tungsten Product Market Performance
10.14.4 Wolfram Company Jsc Business Overview
10.14.5 Wolfram Company Jsc Recent Developments
10.15 Treibacher Industrie
10.15.1 Treibacher Industrie Basic Information
10.15.2 Treibacher Industrie Tungsten Product Overview
10.15.3 Treibacher Industrie Tungsten Product Market Performance
10.15.4 Treibacher Industrie Business Overview
10.15.5 Treibacher Industrie Recent Developments
10.16 H.C. Starck
10.16.1 H.C. Starck Basic Information
10.16.2 H.C. Starck Tungsten Product Overview
10.16.3 H.C. Starck Tungsten Product Market Performance
10.16.4 H.C. Starck Business Overview
10.16.5 H.C. Starck Recent Developments
10.17 Taegutec Ltd
10.17.1 Taegutec Ltd Basic Information
10.17.2 Taegutec Ltd Tungsten Product Overview
10.17.3 Taegutec Ltd Tungsten Product Market Performance
10.17.4 Taegutec Ltd Business Overview
10.17.5 Taegutec Ltd Recent Developments
10.18 Eurotungstene (Umicore)
10.18.1 Eurotungstene (Umicore) Basic Information
10.18.2 Eurotungstene (Umicore) Tungsten Product Overview
10.18.3 Eurotungstene (Umicore) Tungsten Product Market Performance
10.18.4 Eurotungstene (Umicore) Business Overview
10.18.5 Eurotungstene (Umicore) Recent Developments
10.19 Buffalo Tungsten
10.19.1 Buffalo Tungsten Basic Information
10.19.2 Buffalo Tungsten Tungsten Product Overview
10.19.3 Buffalo Tungsten Tungsten Product Market Performance
10.19.4 Buffalo Tungsten Business Overview
10.19.5 Buffalo Tungsten Recent Developments
11 Tungsten Market Forecast By Region
11.1 Global Tungsten Market Size Forecast
11.2 Global Tungsten Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Tungsten Market Size Forecast By Country
11.2.3 Asia Pacific Tungsten Market Size Forecast By Region
11.2.4 South America Tungsten Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Tungsten By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Tungsten Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Tungsten By Type (2026-2033)
12.1.2 Global Tungsten Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Tungsten By Type (2026-2033)
12.2 Global Tungsten Market Forecast By Application (2026-2033)
12.2.1 Global Tungsten Sales (K Mt) Forecast By Application
12.2.2 Global Tungsten Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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