The Global tungsten alloy Market is expected to grow at a CAGR of more than 5% in the given forecast period.
Tungsten is a high-priced commodity, which is consequently used only in products where its performance justifies the cost of the raw material. This includes cemented carbides, high alloy steels and super alloys, electrical and electronic applications. Due to this wide range of applications, total tungsten alloy demand is driven by a combination of developments in the broader world economy.
Tungsten is a chemical element with symbol W and atomic number 74. The name tungsten comes from the former Swedish name for the tungstate “heavy stone”. Tungsten is a rare metal found naturally on Earth almost exclusively combined with other elements in chemical compounds rather than alone. It was identified as a new element in 1781 and first isolated as a metal in 1783.
A tungsten alloy is a composition of pure tungsten, nickel, and copper or iron. The addition of these alloying elements increases both ductility and machinability of the tungsten alloy compared to pure tungsten. Copper provides required conductivity and tungsten allows the welding rod to withstand high temperature of the arc-welding environment. Tungsten can be combined with other metals to increase their strength and resistance to corrosion. Several heavy steels used in cutting and machining tools, such as saw blades, contain around 18% of tungsten. Tungsten alloys, such as hastelloy and stellite, are super alloys used to manufacture turbine blades and wear-resistant parts.
The global Tungsten Alloy market is segregated on the basis of Application as Electronics, Aerospace, Automotive, Dies & Punches, Abrasive Product, and Other. Based on Type the global Tungsten Alloy market is segmented in Molybdenum Tungsten Alloys, Niobium Tungsten Alloys, and Other.
The global Tungsten Alloy market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Tungsten Alloy market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Eurotungstene, Sandvik, Buffalo Tungsten, Wolfram Company JSC, JXTC, AST, Kennametal, China Minmetals Corporation, Chongyi Zhangyyuan Tungsten Co, Kohsei Co Ltd, and others are among the major players in the global Tungsten Alloy market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Tungsten Alloy Market has been segmented as below:
Tungsten Alloy Market, By Application
Tungsten Alloy Market, By Type
Tungsten Alloy Market, By Region
Tungsten Alloy Market, By Company
The report covers:
Report Scope:
The global Tungsten Alloy market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Tungsten Alloy market share. Major industry players with significant revenue share include Eurotungstene, Sandvik, Buffalo Tungsten, Wolfram Company JSC, JXTC, AST, Kennametal, China Minmetals Corporation, Chongyi Zhangyyuan Tungsten Co, Kohsei Co Ltd, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Tungsten Alloy Market, By Application
5.1 Introduction
5.2 Electronics
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Aerospace
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Automotive
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Dies & Punches
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Abrasive Product
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Other
5.7.1 Market Overview
5.7.2 Market Size and Forecast
6. Tungsten Alloy Market, By Type
6.1 Introduction
6.2 Molybdenum Tungsten Alloys
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Niobium Tungsten Alloys
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Other
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Tungsten Alloy Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Tungsten Alloy, By Application
7.2.2 North America Tungsten Alloy, By Type
7.3 Europe
7.3.1 Europe Tungsten Alloy, By Application
7.3.2 Europe Tungsten Alloy, By Type
7.4 Asia-Pacific
7.4.1 Asia-Pacific Tungsten Alloy, By Application
7.4.2 Asia-Pacific Tungsten Alloy, By Type
7.5 Rest of the World
7.5.1 Rest of the World Tungsten Alloy, By Application
7.5.2 Rest of the World Tungsten Alloy, By Type
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Eurotungstene
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Sandvik
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Buffalo Tungsten
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Wolfram Company JSC
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 JXTC
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 AST
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Kennametal
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 China Minmetals Corporation
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Chongyi Zhangyyuan Tungsten Co
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Kohsei Co Ltd
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Tungsten Alloy Market has been segmented as below:
Tungsten Alloy Market, By Application
Tungsten Alloy Market, By Type
Tungsten Alloy Market, By Region
Tungsten Alloy Market, By Company
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