A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Tungsten
Finished Products
Market. The
study, titled “Tungsten
Finished Products Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Tungsten
is a rare material found naturally, particularly in chemical
compounds, on Earth. It is commonly found in wolframite and scheelite
ores. It is known for its distinctive properties such as high
density, high melting point, and excellent blending abilities.
Tungsten is also one of the highest melting point metal found on
Earth. Many alloys of tungsten such as light bulb filaments,
electrodes, X-ray tubes, radiation shielding, and super alloys are
used in various applications in different sectors. Tungsten is
employed in military applications such as projectiles and insulation
shielding due to its hard physical form and high density. Tungsten
finished products are also used as catalysts in numerous industrial
processes.
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Market Research Report @
Based
on type, the market for tungsten finished products can be segregated
into wires and sheets. In terms of application, the market for
tungsten finished products can be broadly segmented into electrical &
electronics, aerospace, and industrial. Under the type segment, wires
held significant share of the tungsten finished products market in
2016. It is anticipated to maintain its position during the forecast
period. Tungsten wires is largely used in lamps, heaters, electrodes,
and printers. This is one of the factors boosting the wire segment.
Filaments made from tungsten are used as ultrahigh temperature
halogen lamps and as thermionic emitters. The wire segment was
followed by the sheet segment, which accounted for minimal share in
2016. Tungsten sheets & plates are used in heaters, heat
spreaders, sintering boats, spacers, weights, and various kinds of
jigs and tools. Tungsten sheets are primarily employed during the
production of sintering boats due to its excellent cutting, blending,
and sputtering abilities.
The
market for tungsten finished products is anticipated to expand at a
moderate pace during the forecast period. Tungsten finished products
such as filaments are being replaced with advanced alternatives such
as compact fluorescent lamps and light emitting diodes owing to
technological advancements. Demand for tungsten finished products is
estimated to continue to be high during the forecast period due to
their application in heaters and corona wires.
Geographically,
Asia Pacific held significant share of the tungsten finished products
market in 2016. According to the data released by the United States
Geological Survey, global tungsten reserves stood at around 3.5
million tons in 2014; China alone accounted for 1,900,000 metric tons
of tungsten in the year. Consumption of tungsten in Asia Pacific is
comparatively higher than that in any other region owing to the
strong manufacturing industry in Asia Pacific. Tungsten finished
products are used in the production of printers, lamps, heaters,
furnaces, etc. in the electrical & electronics industry.
China
is the hub for electrical & electronics products. The market in
Asia Pacific was followed by that in North America and Europe in
2016. Production of tungsten stood at 430000 metric tons in 2014 in
North America. Demand for tungsten finished products is likely to be
high in the region, led by the presence of strong electrical &
electronics and aerospace industries. Tungsten sheets are used as
insulation shields in the production of aerospace shuttles, planes,
etc. Russia was the major producer of tungsten (250,000 metric tons)
in Europe in 2014. It was followed by Austria (10,000 metric tons).
Presence of robust manufacturing industries in Europe is projected to
augment the demand for tungsten and tungsten finished products in the
region during the forecast period.
Get
accurate market forecast and analysis on the Tungsten Finished
Products market. Request a sample to stay abreast on the key trends
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Major
players operating in the market for tungsten finished products are
Saxony Minerals and Exploration AG, T&D Materials Manufacturing,
A.L.M.T. Corp., and SMT Limited.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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