Lucintel Blog: Lucintel Forecasts Tungsten Market to Grow at a CAGR of 7% to 9% from 2021 to 2026

Wednesday, February 16, 2022

Lucintel Forecasts Tungsten Market to Grow at a CAGR of 7% to 9% from 2021 to 2026

According to the recent study the Tungsten Market is projected to grow at a CAGR of 7% to 9% from 2021 to 2026. Growth in this market is primarily driven by proliferation in the electronic industry and increasing demand for tungsten for use in hard metals.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in tungsten market by application (tungsten carbide, metal alloys, mill products, and others), end use industry (automotive parts, defense, aerospace components, drilling, boring & cutting equipment, logging equipment, electrical & electronics appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/tungsten-market.aspx

“Tungsten carbide market is expected to remain the largest segment during the forecast period.”

Based on application, the tungsten market is segmented into tungsten carbide, metal alloys, mill products, and others. Lucintel forecasts that the tungsten carbide market is expected to remain the largest segment due to its use in the manufacturing of cemented carbides or hard metals.

“Asia pacific will dominate the tungsten market in near future.”

Asia Pacific will remain the largest region over the forecast period due to a large number of suppliers and consumer base of tungsten available in the region. Increasing purchasing power of individuals and rise in population can be attributed as some reasons for growth of the Asia Pacific market.

Download Brochure of this report by clicking on https://www.lucintel.com/tungsten-market.aspx

Major players of tungsten market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Xiamen Tungsten, China Minmetals Corporation, Global Tungsten & Powders Corp., GuangDong XiangLu Tungsten, H.C. Starck GmbH, Japan New Metals, King Island Scheelite, Saloro SLU, Specialty Metals Resources SA, Wolfram, and Tungsten Mining NL are among the major tungsten providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/tungsten-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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