Global Tungsten Market By Segment, Industry Verticals, Geography and Vendors to 2021
The research study focuses on Global Tungsten major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
July 26, 2017 /MarketersMedia/ —
Global Tungsten Market (By End-Use Application, By End-User Industries, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021), market is projected to exhibit a CAGR of 4.25% during 2016 – 2021. Global Tungsten Market has been segmented on basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).
Companies discussed in this research are Sandvik AB, Kennametal Inc., Sumitomo Electric Industries, Ltd., Nippon Tungsten Co., Ltd, NAECO, LLC., Toonney Alloy(Xiamen) Co.,Ltd., Federal Carbide Company and Buffalo Tungsten Inc.
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The report provides Segmentation by By End-Use Application: Hard Metals, Steel and Other Alloys, Mill Products, Chemical and Other. By End-User Industry: Automotive, Mining, Construction, Oil & Gas, Aerospace and Defense and Medical.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global tungsten market on the basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).
Global Tungsten Market is forecasted to grow at a CAGR of 4.25% during 2016 – 2021. Strong growth in tungsten market is driven by the surging demand for downstream tungsten products in varied end-user sectors including automotive, industrial engineering, energy, and aviation. Apart from that, the uncovering of the wide range of applications in allied industries like medical, defense and electric and electronic, has been impelling growth in the tungsten market.
Although, hard metals hold the major percentage share in the total tungsten market in the present, consumption of tungsten for mill products is projected to display a faster growth in the future owing to the increasing application in high growth electronic and construction industries. Regionally, tungsten demand growth is likely to be the fastest in the Asia Pacific region against the backdrop of economic growth in emerging markets. Developed regions of North America and Europe are expected to display a steady paced growth, mainly due to high expenditure in automotive and engineering sectors.
Primary sources are mainly industry experts from core and related industries, and suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach was used to estimate the global market size of Tungsten based on end-use industry and region, in terms of value. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market, and individual market sizes were determined and confirmed in this study.
The research provides answers to the following key questions:
• What will be the market size and the growth rate in 2022?
• What are the key factors driving the global Tungsten market?
• Who are the key market players and what are their strategies in the global Tungsten market?
• Trending factors influencing the market shares of the North America, Europe, China, Japan, and Southeast Asia, India.
• What are the key market trends impacting the growth of the global Tungsten market?
• What trends, challenges and barriers are influencing its growth?
• What are the market opportunities and threats faced by the vendors in the global Tungsten market?
• What are the key outcomes of the five forces analysis of the global Tungsten market?
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Source: MarketersMedia
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