Tungsten

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

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