Tungsten

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from $5,600	475 Pages	Global Industry Analysts	October, 2022	GJOB17404228

Lowest Prices Guaranteed
Price	from $5,600
Length	475 Pages
Publisher	Global Industry Analysts
Published Date	October, 2022
SKU	GJOB17404228

Tungsten

Global Tungsten Market to Reach 147.4 Thousand Metric Tons by 2027
In the changed post COVID-19 business landscape, the global market for Tungsten estimated at 111.7 Thousand Metric Tons in the year 2020, is projected to reach a revised size of 147.4 Thousand Metric Tons by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Hardmetals / Cement Carbides, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach 88.3 Thousand Metric Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Steels, SupeRalloys, & Wear-resistant Alloys segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at 12 Thousand Metric Tons, While China is Forecast to Grow at 4.8% CAGR
The Tungsten market in the U.S. is estimated at 12 Thousand Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 87.1 Thousand Metric Tons by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.Mill Products Segment to Record 4.6% CAGR
In the global Mill Products segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 12.9 Thousand Metric Tons in the year 2020 will reach a projected size of 17.7 Thousand Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 152 Featured) -

A.L.M.T. Corp.
Allegheny Technologies Inc.
Almonty Industries Inc.
Betek GmbH & Co. KG
Buffalo Tungsten Inc.
China Molybdenum Co., Ltd.
Chongyi Zhangyuan Tungsten Co., Ltd
Guangdong XiangLu Tungsten Co. Ltd.
H.C. Starck GmbH
International Metalworking Companies (IMC)
Kennametal, Inc.
Nippon Tungsten Co., Ltd.
Plansee Group
QuesTek Innovations, LLC
Sandvik Group
Umicore N.V.
Xiamen Tungsten Co., Ltd.

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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW: Impact of COVID-19 and a Looming Global Recession; Year 2021 in Review and Near-term Outlook; Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook; EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023; COVID-19 Crisis Induced Declining Trend in Core Application Markets; Amidst the Disruptions, Few Factors Present Some Relief for the Tungsten Market; Tungsten Market Confronts Uncertain Times Amidst Slower-than-Anticipated Recovery in Key Sectors; Facing Persistent Uncertainty, Tungsten Suppliers to Focus on First-Use Sectors & New Markets; Competitive Landscape; Processed Tungsten Market: Chinese Vendors Maintain Edge; EXHIBIT 2: Processed Tungsten – Global Key Competitors Percentage Market Share in 2022 (E); Vertical Integration: A Key Trend in the Global Tungsten Marketplace; World Renowned Recognized Mining & Metal Companies Foray into Tungsten Mining Despite Chinese Domination; Supply Concerns Highlights Pressing Need for New Tungsten Production Sources; Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E); Global Market Prospects & Outlook; Established Image as a Rare Metal with Everyday Value to Sustain Long-Term Demand for Tungsten; Tungsten Enjoys Spotlight as Crucial, Go-To Material for High-Tech Applications; Analysis by Application Type; Hardmetals/Cement Carbides: Largest Application Segment; EXHIBIT 3: Global Cemented Carbides Market by Application: Percentage Volume Breakdown for Hardmetals/Cement Carbides; Steels, Superalloys, & Wear-Resistant Alloys; Mill Products; and Other Applications (2021 and 2027); Tungsten Remains Highly Relevant in Steels, Superalloys, & Wear-Resistant Alloys; Mill Products Emerge as Fastest Growing Application Segment; China, Demonstrating Undisputed Dominance in the World Tungsten Industry, to Remain the Core Regional Market; World Tungsten Production Scenario; EXHIBIT 4: Global Tungsten Production (in Metric Tons) by Country for 2020 and 2021; EXHIBIT 5: World Tungsten Reserves (in Metric Tons) by Country (2021); Major Tungsten Producing Countries in the World; Need for New Production to Push Global Supply; As a Vital Raw Material for the Connected Economy, Tungsten Supply Remains a Key Concern for the World; Vietnam Emerges as a Promising Country for Stable Tungsten Supply; A Note on New & Upcoming Tungsten Mining Projects; Select Development Stage Tungsten Mines; Emphasis on Tungsten Scrap Recycling Elevates Overall Production Volumes; EXHIBIT 6: Global Tungsten Market by Source: Percentage Breakdown of Volume Shipments for Mined Tungsten and Recycled Tungsten for 2012, 2018 & 2022 (E); World Brands; Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS: Unique Techno Functional Attributes to Maintain Tungsten’s Relevance in a Gamut of Established & New Applications in Post COVID-19 Period; Drilling, Boring & Cutting Equipment: Key End-Use Segment; Robust Opportunities for Tungsten Drilling, Boring & Cutting Equipment in Industrial Machine Tools Vertical; Mining Sector to Further Leverage Exceptional Drilling & Boring Features of Tungsten Mining Tools in Post COVID-19 Period; Renewed Drilling Activity to Benefit Tungsten Demand in Post COVID-19 Oil & Gas Sector; EXHIBIT 7: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2022; EXHIBIT 8: Global Brent Crude Oil Price Trends (in US$ per barrel) for Oct 2019-Mar 2022; EXHIBIT 9: Global Brent Crude Oil Price Trends (in US$ per barrel) for 2019-2022; EXHIBIT 10: Global Oil & Gas E&P Industry Spending (2015-2021); Recovery in Automotive Industry to Present Growth Opportunities for Tungsten Automotive Parts; EXHIBIT 11: World Automobile Production in Million Units: 2008-2022; EXHIBIT 12: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019; Rising Focus on New & Efficient Aerospace Components to Fuel Future Demand for Tungsten; EXHIBIT 13: Massive Negative Impact on Air Travel Leading to Weak Momentum in Aerospace Component Manufacturing: Global Airlines Performance by Region: 2020 Vs 2019; US Navy Explores New Approaches to Make Thoriated Tungsten Wire for Microwave Vacuum Tubes; Tungsten to Gain from Critical Importance of Electrical & Electronic Systems in Consumer & Commercial Markets; Tungsten as a Replacement for the Heavy & Poisonous Lead in High-Density Applications Augurs Well for Future Growth; Tungsten Demand Likely to Perk Up in the Post COVID-19 Chemical Industry; Additive Manufacturing Makes Tungsten a Compelling Option to Create Prototypes
3D Printing Techniques for Tungsten & Tungsten Composites: Advanced 3D Printing Technique to Improve Properties of High-Temperature Tungsten & Alloys; Additive Manufacturing Steps In to Generate Novel Opportunities for Tungsten in Healthcare Sector; Zirconiated Tungsten: Effective Option to Weld Metals with High Melting Point; Tungsten Wire Market: Rising Demand from Downstream Market to Bolster Growth; EXHIBIT 14: Global Tungsten Wire Market by Application (%) for 2022 (E); Tungsten Carbide Market Poised to Witness Strong Growth; Tungsten Pricing Scenario; EXHIBIT 15: Tungsten Prices in the US (in $/mtu WO3) for Years 2015 through 2021; Tungsten: Product Overview; Properties of Tungsten; Ores/Minerals of Tungsten; Mining, Refining and Processing of Tungsten; Health & Environmental Aspects of Tungsten; Substitutes to Tungsten; Tungsten: A Historic Perspective
4. GLOBAL MARKET PERSPECTIVE: TABLE 1: World Tungsten Market Analysis of Annual Sales in Metric Tons for Years 2012 through 2027; TABLE 2: World Recent Past, Current & Future Analysis for Tungsten by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 3: World Historic Review for Tungsten by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 4: World 15-Year Perspective for Tungsten by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2012, 2021 & 2027; TABLE 5: World Recent Past, Current & Future Analysis for Hardmetals / Cement Carbides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 6: World Historic Review for Hardmetals / Cement Carbides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 7: World 15-Year Perspective for Hardmetals / Cement Carbides by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 8: World Recent Past, Current & Future Analysis for Steels, Superalloys, & Wear-Resistant Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 9: World Historic Review for Steels, Superalloys, & Wear-Resistant Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 10: World 15-Year Perspective for Steels, Superalloys, & Wear-Resistant Alloys by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 11: World Recent Past, Current & Future Analysis for Mill Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 12: World Historic Review for Mill Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 13: World 15-Year Perspective for Mill Products by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 15: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 16: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 17: World Recent Past, Current & Future Analysis for Drilling, Boring & Cutting Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 18: World Historic Review for Drilling, Boring & Cutting Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 19: World 15-Year Perspective for Drilling, Boring & Cutting Equipment by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 20: World Recent Past, Current & Future Analysis for Automotive Parts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 21: World Historic Review for Automotive Parts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 22: World 15-Year Perspective for Automotive Parts by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 23: World Recent Past, Current & Future Analysis for Aerospace Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 24: World Historic Review for Aerospace Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 25: World 15-Year Perspective for Aerospace Components by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 26: World Recent Past, Current & Future Analysis for Logging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 27: World Historic Review for Logging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 28: World 15-Year Perspective for Logging Equipment by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 29: World Recent Past, Current & Future Analysis for Electrical & Electronics Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 30: World Historic Review for Electrical & Electronics Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 31: World 15-Year Perspective for Electrical & Electronics Appliances by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027; TABLE 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 34: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
III. MARKET ANALYSIS: UNITED STATES; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E); Myriad Industrial Applications to Drive Long-term Tungsten Demand; Wear Resistance Features Augment Tungsten Carbide Demand; Market Analytics; TABLE 35: USA Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 36: USA Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 37: USA 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 38: USA Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 39: USA Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 40: USA 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; CANADA; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2022 (E); Market Analytics; TABLE 41: Canada Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 42: Canada Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 43: Canada 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 44: Canada Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 45: Canada Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 46: Canada 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; JAPAN; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E); Market Overview; Market Analytics; TABLE 47: Japan Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 48: Japan Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 49: Japan 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 50: Japan Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 51: Japan Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 52: Japan 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; CHINA; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E); Chinese Tungsten Market: An Overview; Remaining at Helm of Global Supply, China Exercises Critical Control over Tungsten; Global Leader in Tungsten Production and Consumption; Production Scenario; Mine Production: A Regional Perspective; EXHIBIT 16: Tungsten Reserves in China by Province (2020): Percentage Breakdown of Reserves for Fujian, Henan, Hunan, Jiangxi, and Others; Rising Prices and Cost of Production in Tungsten Market; China’s Export Policy Expected to Enhance Domestic Ore Production; COVID-19 Impact: Tungsten Prices to Stabilize after Experiencing Downward Trend in Chinese Market; Surging Demand for Cemented Carbide in Multiple Applications to Drive Market Growth; Revolution in Tungsten Nanometer Powder Production; Key Challenges Hampering Market Prospects in China; Competition; Market Analytics; TABLE 53: China Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 54: China Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 55: China 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 56: China Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 57: China Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 58: China 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; EUROPE; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E); Favorable Demand from Automotive Parts Manufacturing to Drive Market Growth; High Speed Spot Welding Made Easier with Copper Tungsten Electrodes; Russia: A Prominent Producer of Tungsten; Market Analytics; TABLE 59: Europe Recent Past, Current & Future Analysis for Tungsten by Geographic Region - France, Germany, Italy, UK, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2020 through 2027 and % CAGR; TABLE 60: Europe Historic Review for Tungsten by Geographic Region - France, Germany, Italy, UK, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 61: Europe 15-Year Perspective for Tungsten by Geographic Region - Percentage Breakdown of Volume Consumption for France, Germany, Italy, UK, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027; TABLE 62: Europe Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 63: Europe Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 64: Europe 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 65: Europe Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 66: Europe Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 67: Europe 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; FRANCE; TABLE 68: France Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 69: France Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 70: France 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 71: France Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 72: France Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 73: France 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; GERMANY; TABLE 74: Germany Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 75: Germany Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 76: Germany 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 77: Germany Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 78: Germany Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 79: Germany 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; ITALY; TABLE 80: Italy Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 81: Italy Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 82: Italy 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 83: Italy Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 84: Italy Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 85: Italy 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; UNITED KINGDOM; TABLE 86: UK Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 87: UK Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 88: UK 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 89: UK Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 90: UK Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 91: UK 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; RUSSIA; TABLE 92: Russia Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 93: Russia Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 94: Russia 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 95: Russia Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 96: Russia Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 97: Russia 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; REST OF EUROPE; TABLE 98: Rest of Europe Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 99: Rest of Europe Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 100: Rest of Europe 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 101: Rest of Europe Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 102: Rest of Europe Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 103: Rest of Europe 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; ASIA-PACIFIC; Tungsten Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E); Increasing Infrastructure Development Drive Strong Market Growth in Asia-Pacific; Vietnam Emerges as a Major Tungsten Producer; New Mining Projects to Accelerate Market Growth; EXHIBIT 17: Select Development Stage Tungsten Mines in Asia-Pacific (Outside China); Market Analytics; TABLE 104: Asia-Pacific Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 105: Asia-Pacific Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 106: Asia-Pacific 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 107: Asia-Pacific Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 108: Asia-Pacific Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 109: Asia-Pacific 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; LATIN AMERICA; TABLE 110: Latin America Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 111: Latin America Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 112: Latin America 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 113: Latin America Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 114: Latin America Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 115: Latin America 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027; REST OF WORLD; TABLE 116: Rest of World Recent Past, Current & Future Analysis for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 117: Rest of World Historic Review for Tungsten by Application - Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 118: Rest of World 15-Year Perspective for Tungsten by Application - Percentage Breakdown of Volume Consumption for Hardmetals / Cement Carbides, Steels, Superalloys, & Wear-Resistant Alloys, Mill Products and Other Applications for the Years 2012, 2021 & 2027; TABLE 119: Rest of World Recent Past, Current & Future Analysis for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses - Independent Analysis of Annual Consumption in Metric Tons for the Years 2020 through 2027 and % CAGR; TABLE 120: Rest of World Historic Review for Tungsten by End-Use - Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses Markets - Independent Analysis of Annual Consumption in Metric Tons for Years 2012 through 2019 and % CAGR; TABLE 121: Rest of World 15-Year Perspective for Tungsten by End-Use - Percentage Breakdown of Volume Consumption for Drilling, Boring & Cutting Equipment, Automotive Parts, Aerospace Components, Logging Equipment, Electrical & Electronics Appliances and Other End-Uses for the Years 2012, 2021 & 2027
IV. COMPETITION: Total Companies Profiled: 152