Tungsten Market was valued at USD 19.8 billion in 2021 and is expected to grow at a CAGR of 5% between 2022 and 2028. Tungsten carbide is the most widely used form of product with hardness close to diamond. It is denser than any steel grade steel and titanium, and twice as hard and has extremely high wear resistant. Because of these characteristics, the product is widely used in construction, mining and metalworking applications.
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Top Major Key Players Industries
Xiamen Tungsten Company,
China Minmetals Corporation,
Chongyi ZhangYuan Tungsten Company,
Global Tungsten & Powders Corporation,
Wolfram Bergbau-und Hutten AG,
H.C. Starck,
Guangdong Xianglu Tungsten Company,
Japan New Metals Company,
Soloro,
Specialty Metals Resources SA,
Wolfram Company JSC,
W Resource.
By Application
Tungsten carbide
Automotive parts
Aerospace components
Drilling, boring & cutting equipment
Logging equipment
Metal alloys
Automotive parts
Aerospace components
Drilling, boring & cutting equipment
Logging equipment
By Products
Electrical & electronics appliances
Mill products
Automotive parts
Aerospace components
Drilling, boring & cutting equipment
Logging equipmentElectrical & electronics appliances
Others (salts, tungstates, sulfides, oxides, etc.)
Electrical & electronics appliances
Others
By End-use
Automotive parts
Aerospace components
Drilling, boring & cutting equipment
Logging equipment
Electrical & electronics appliances
Others
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Scope of the Report
The research study analyzes the global Tungsten industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Tungsten Market Report
What was the Tungsten Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Tungsten Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Tungsten Market was the market leader in 2022
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market ?
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