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全球钨基材料回收市场 - 2024-2031

Global Tungsten-Based Materials Recycling Market - 2024-2031

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 182 Pages | 商品交期: 最快1-2个工作天内

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简介目录

概述

2023年，全球钨基材料回收市场达到7.992亿美元，预计2031年将达到13.636亿美元，2024-2031年预测期间CAGR为7.1%。

由于全球在电动车和再生能源技术的过渡，对钨等基本金属的需求正在上升。随着这些业务的扩展以及对钨的持续和可持续供应的需求的增加，人们正在采用回收技术来满足不断增长的需求。

回收钨基产品的市场主要是由日益增长的生态意识和全球永续实践的需求所推动的。透过减少传统采矿和提取的生态影响，回收钨有助于实现更大的永续发展目标。全球采用循环经济概念推动了钨回收的需求。

亚太地区是全球钨基材料回收市场的成长地区之一，覆盖市场占有率超过1/3。亚太地区充满活力的工业格局和对永续实践的日益重视是推动全球钨基产品回收市场成长的主要因素。中国、日本和印度等国家的快速工业化增加了电子、建筑和製造业等一些行业对钨基产品的需求。

动力学

回收技术的技术发展

全球钨基回收材料市场的主要动力是回收技术的进步。由于创新技术和工艺的发展，现在可以从各种来源（包括製造废料和染色产品）回收钨。

例如，MHT 2021 年的钨产量比去年增加了 97%，其中钨废料回收占产量增量的 26%。 74% 的产量来自主要供应源，包括 MHT 位于太原省的 Nui Phao。公司净收入年增 86%，达到 135,640 亿越南盾。

HC Starck 钨粉和 2021 财年 APT 价格上涨（高于前一年 222 美元/mtu）（286 美元/mtu）相结合，极大地促进了钨收入的增长。有趣的是，2021-2022 年 EBITDA 成长了 114%，达到 30,700 亿越南盾。 MHT 指出，健康的远期订单簿具有几年来最好的前景，这对销售和定价都令人鼓舞。

日益关注循环经济与永续流程

循环经济理念的采用和对永续实践的日益关注是推动全球钨基产品回收市场的主要因素。随着环境问题的日益严重，工业界和消费者都越来越意识到回收钨等基本资源是多么重要。

循环经济策略鼓励提高资源效率、减少废弃物和延长寿命。由于需要减少对初级原材料的依赖、减少对生态的影响并支持更道德和可持续的供应链，因此对回收钨基部件的需求不断增加。

回收钨的基础设施有限

全球市场因缺乏钨回收设施而受到严重限制。与钢或铝等更常规回收的金属相比，钨回收设施的频率较低，并且基于钨的物品的加工和收集可能会带来后勤困难。

该过程需要对专用机械和设施进行大量投资，以建立有效的回收基础设施。这种基础设施的缺陷可能会导致更高的运输费用和较差的回收过程效率。可能阻碍公司和行业积极参与钨回收计划的另一个因素是缺乏收集地点和回收设施。

价格变化和经济波动

全球市场对钨产品回收对价格和经济变化的接受程度是一个主要限制因素。地缘政治发展、市场投机和总体经济状况都会对钨的定价产生影响。经济衰退可能导致工业运作减少，这可能会影响回收市场的动态以及对钨产品的整体需求。

此外，钨的市场比其他金属小，这使得它更容易受到供需不匹配的影响，从而导致价格快速且不可预测地波动。回收公司可能会因这些波动而面临困难，这可能会影响他们的投资选择和获利能力。

The demand for essential metals, such as tungsten, is rising owing to the global transition towards electric cars and renewable energy technology. Recycling techniques are being adopted to fulfill the growing demand as these businesses expand and the requirement for a constant and sustainable supply of tungsten rises.

The market for recycling tungsten-based products is driven primarily by growing ecological awareness and the need for sustainable practices globally. By lessening the ecological effects of conventional mining and extraction, recycling tungsten contributes to larger sustainability objectives. The demand for tungsten recycling is being driven by the global adoption of circular economy concepts.

Asia-Pacific is among the growing regions in the global tungsten-based materials recycling market covering more than 1/3rd of the market. The Asia-Pacific dynamic industrial landscape and growing dedication to sustainable practices are major factors propelling the growth of the global market for the recycling of tungsten-based products. Rapid industrialization in countries like China, Japan and India has increased demand for tungsten-based products in some industries, including electronics, construction and manufacturing.

Dynamics

Technological Developments in Recycling Techniques

The global market for recycled materials based on tungsten is driven in a major way by increasing technological improvements in recycling. The recycling of tungsten from a variety of sources, including manufacturing scrap and dying products, is now possible because of the development of innovative technologies and processes.

For Instance, the tungsten production at MHT increased by an astounding 97% in 2021 over the previous year, with tungsten waste recycling accounting for 26% of the production increase. Seventy-four percent of the production came from main supply sources, including MHT's Nui Phao in Thai Nguyen. The company's net revenues increased by a significant 86% year over year to reach VND13,564 billion.

The combination of H.C. Starck Tungsten Powders and the increased APT price for the fiscal year 2021 ($286/mtu) above the previous year's amount of US$222/mtu contributed significantly to the increase in tungsten revenues. Interestingly, the EBITDA increased by 114% to VND3,070 billion throughout the 2021-2022 year. A healthy forward order book, which MHT noted as having the best outlook in some years, is encouraging for both sales volumes and pricing.

Increasing Focus on Circular Economy and Sustainable Processes

The adoption of circular economy ideas and a growing focus on sustainable practices are major factors propelling the global market for the recycling of tungsten-based products. Industries and consumers alike are realizing more and more how important it is to recycle essential resources like tungsten as environmental concerns rise.

The circular economics strategy encourages resource efficiency, waste reduction and lifespan extension. Because of the need to lessen dependency on primary raw resources, lessen the ecological impact and support a more ethical and sustainable supply chain, there is an increasing demand for recycled tungsten-based components.

Limited Infrastructure for Recycling Tungsten

The global market is severely restricted by the lack of facilities for tungsten recycling. Tungsten recycling facilities are less frequent than those for more routinely recycled metals like steel or aluminum and the processing and collecting of items based on tungsten might provide logistical difficulties.

The process requires a substantial investment in specialized machinery and facilities to set up a recycling infrastructure that works. A deficiency in this kind of infrastructure might lead to higher transportation expenses and worse recycling process efficiency. A further factor that might deter companies and sectors from actively engaging in tungsten recycling initiatives is the lack of collection sites and recycling facilities.

Variations in Prices and Economic Volatility

The receptivity of the global market for the recycling of tungsten-based products to price and economic variations is a major constraint. Geopolitical developments, market speculation and general economic conditions all have an impact on tungsten pricing. Economic downturns may result in fewer industrial operations, which may have an effect on the dynamics of the recycling market as well as the overall demand for products based on tungsten.

Furthermore, tungsten's market is smaller than that of other metals, which makes it more vulnerable to mismatches in supply and demand that can cause prices to fluctuate quickly and unpredictably. Recycling companies may face difficulties as a result of these swings, which may have an impact on their investment choices and profitability.

Segment Analysis

The global tungsten-based materials recycling market is segmented based on type, tungsten material, application and region.

Rising Demand for Tungsten Carbide Due to Technological Developments

The tungsten carbide segment is among the growing regions in the global tungsten-based materials recycling market market covering more than 1/3rd of the market. The performance, quality and efficiency of tungsten carbide products have all increased due to technological developments in manufacturing techniques, such as powder metallurgy, that have expanded the range of possible uses for these products.

For Instance, in 2023, Sandvik AB, a Sweden-based equipment manufacturer, launched the mining and quarrying industry's inaugural "opt-out" recycling program for carbide drill bits. The program seeks to revolutionize the utilization of a material projected to deplete within 40 to 100 years if current consumption rates persist. Sandvik's drill bits for mining, quarrying and construction are constructed from cemented carbide, a composite of carbon and tungsten alloyed with cobalt or nickel.

Geographical Penetration

Increasing Demand for Tungsten-Based Materials in Asia-Pacific

Asia-Pacific has been a dominant force in the global tungsten-based materials recycling market. The region's growing manufacturing and industrial sectors, especially in China, Japan, South Korea and India, provide a significant market for tungsten-based materials used in a variety of applications, such as electronics, mining equipment and cutting instruments.

Additionally, tungsten recycling is being used to satisfy both economic and environmental goals as a result of a growing focus on sustainable practices and resource efficiency in these industries. The expansion of tungsten recycling in the Asia-Pacific is being further accelerated by government programs and policies that support a circular economy and sustainable resource management.

Furthermore, reducing dependency on basic raw resources is becoming increasingly important to nations and recycling is now strategically included in their strategies for resource security. The Asia-Pacific tungsten recycling business is developing in a favorable environment because of incentives, laws and investments in recycling infrastructure. Because of this, companies in the Asia-Pacific are using more and more recycled tungsten resources in their production processes, which is in line with both efficiency and ecological goals.

For Instance, in 2023, GEM Co Ltd invested US$500 million in a joint venture for a nickel project in Indonesia's Morowali Industrial Park. The project targets an annual production of 20,000 Tons of nickel intermediate product used in the new energy sector. GEM (Wuxi) Energy Materials, a GEM subsidiary, will hold 51%, of Cahaya Jaya Investment Pte. Ltd from Singapore will own 26% and Weiming (Hong Kong) International Holdings Limited will have an 18% share in the project.

COVID-19 Impact Analysis

The global market for the recycling of tungsten-based products has been impacted by the COVID-19 pandemic in some ways. Early in the pandemic, the manufacturing and construction industries two major markets for tungsten products slowed down due to widespread lockdowns and delays in industrial activity. As a result, the recycling market was impacted by a decline in the demand for tungsten-based products.

The tungsten recycling market did, however, start to rebound as businesses adjusted to the new normal and economic activity picked back up. Resilient supply chains are essential and the pandemic has brought this point home. Recycling and sustainable sourcing of essential commodities, like tungsten, have received more attention.

The market is expanding as a result of a renewed emphasis on recycling tungsten-based products due to growing awareness of environmental sustainability and the concepts of the circular economy. The global infrastructure and technology industries have benefited from ongoing recovery efforts and stimulus packages, which have also raised demand for tungsten and favorably impacted the recycling industry.

The COVID-19 pandemic has created chances for development and sustainability for the tungsten recycling sector in addition to posing obstacles. To fulfill the demand for this essential metal while minimizing environmental effects, the tungsten recycling market is anticipated to be extremely important as long as businesses continue to emphasize sustainability and resilience in their supply chains.

Russia-Ukraine War Impact Analysis

The tungsten market may be impacted by supply chain interruptions, price fluctuations and instability in international markets in the case of a war. The makes it imperative for all parties involved in the tungsten business, ranging from miners to manufacturers and recyclers, to keep a close eye on developments and modify their approaches as necessary to effectively traverse any obstacles and capitalize on emerging possibilities within the changing geopolitical scene.

Because supply chains and commerce are international, the tungsten market, like many other commodity markets, may be affected by geopolitical developments. Since both Russia and Ukraine are major participants in the global metals market, any interruption to their export or manufacturing operations might have a knock-on effect on other industries, such as the recycling of tungsten.

The precise effects of a war between Russia and Ukraine on the tungsten market would depend on the length, scope and particulars of any conflict as well as the broader geopolitical reactions from other countries and international organizations. It is important to remember that this analysis is based on general principles.

By Type

Direct Recycling
Indirect Recycling
Melting Metallurgy

By Tungsten Material

Tungsten Carbide
Tungsten Alloys
Tungsten Metal

By Application

Cemented Carbide and Alloys
Electronics and Electrical Industries
Chemical Applications
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On November 03, 2022, The US business Mi-Tech Tungsten Metals in Indianapolis was acquired by the Plansee Group. Mi-Tech is considered one of the top US providers of tungsten-based products. We are further strengthening our position in the North American tungsten product industry with the acquisition of Mi-Tech.

Competitive Landscape

The major global players in the market include GEM Co., Ltd, Masan High-Tech Materials Corporation, Sandvik Group, Sumitomo Electric Group, Tungco, Oerlikon, Global Tungsten & Powders, Umicore, Tungsten Alloy CO., Ltd. and Hyperion.

Why Purchase the Report?

To visualize the global tungsten-based materials recycling market segmentation based on type, tungsten material, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of tungsten-based materials recycling market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global tungsten-based materials recycling market report would provide approximately 62 tables, 53 figures and 182 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Tungsten Material
3.3. Snippet by Application
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Technological Developments in Recycling Techniques
  - 4.1.1.2. Increasing Focus on Circular Economy and Sustainable Processes
- 4.1.2. Restraints
  - 4.1.2.1. Limited Infrastructure for Recycling Tungsten
  - 4.1.2.2. Variations in Prices and Economic Volatility
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Direct Recycling*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Indirect Recycling
7.4. Melting Metallurgy

8. By Tungsten Material

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 8.1.2. Market Attractiveness Index, By Tungsten Material
8.2. Tungsten Carbide*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Tungsten Alloys
8.4. Tungsten Metal

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Cemented Carbide and Alloys*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Electronics and Electrical Industries
9.4. Chemical Applications
9.5. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Russia
  - 10.3.6.5. Spain
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tungsten Material
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. GEM Co., Ltd*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. Masan High-Tech Materials Corporation
12.3. Sandvik Group
12.4. Sumitomo Electric Group
12.5. Tungco
12.6. Oerlikon
12.7. Global Tungsten & Powders
12.8. Umicore
12.9. Tungsten Alloy CO., Ltd.
12.10. Hyperion

LIST NOT EXHAUSTIVE