Tungsten

Tungsten
Global Tungsten Market to Reach 175.1 Thousand Metric Tons by 2030
The global market for Tungsten estimated at 121 Thousand Metric Tons in the year 2022, is projected to reach a revised size of 175.1 Thousand Metric Tons by 2030, growing at a CAGR of 4.7% over the period 2022-2030. Hard Metals / Cement Carbides, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach 98.9 Thousand Metric Tons by the end of the analysis period. Growth in the Steels, SupeRalloys, & Wear-resistant Alloys segment is estimated at 4.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at 12.9 Thousand Metric Tons, While China is Forecast to Grow at 5.4% CAGR
The Tungsten market in the U.S. is estimated at 12.9 Thousand Metric Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 105.8 Thousand Metric Tons by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.Select Competitors (Total 119 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 H.C. Starck GmbH International Metalworking Companies (IMC) Kennametal, Inc. Nippon Tungsten Co., Ltd. Plansee Group Sandvik AB Umicore N.V. Xiamen Tungsten Co., Ltd.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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