The global tungstic acid market is anticipated to grow significantly at a CAGR of 2.8% over the forecast period (2021-2027). The key aspect that drives the growth of the global tungstic acid market is the wide range of properties possessed by tungstic acid. Tungstic acid is produced by neutralizing the alkaline solutions of tungstate. Some of the key properties of the tungstic acid include 249.86 g/mol molecular weight; 5.5 g/mL at 25? density; 100? melting point; 1473? boiling point; and a yellowish appearance. Besides, tungstic acid is highly used as a mordant and as a dye in textile industries. Attributing to such properties and uses, the tungstic acid market is likely to witness substantial growth during the forecast period.
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Besides, the presence of various key players operating in the market also tends to drive the growth of the tungstic acid market. Players such as American Elements, Evans Chem India Pvt. Ltd., Ganzhou CF Tungsten Co., Ltd., H.C. Starck GmbH, Merck KgaA (Sigma Aldrich), Muby Chem Group, Sisco Research Laboratories Pvt. Ltd., Trifine Industries, and Tungsten Compounds GmbH among others are substantially contributing to the growth of the tungstic acid market during the forecast period. These key players adopt various strategies such as new product launches & developments, partnerships, agreements, and acquisitions among many others, which directly contribute to the growth of the market and aid the players in order to sustain in the highly competitive market.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Product Type and By End-Use Industry
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Tungstic Acid Market – Segmentation
By Product Type
- Monohydrate
- Hemihydrate
By End Use Industry
- Plastic
- Chemical
- Textile
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