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全球钨基材料市场 - 2024-2031

Global Tungsten-Based Materials Market - 2024-2031

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 192 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2023年全球钨基材料市场规模达59亿美元，预计2031年将达94亿美元，2024-2031年预测期间CAGR为6.1%。

随着钢中添加钨以提高蒸汽涡轮叶片的耐腐蚀性和振动性，该市场正在不断增长。此外，由于飞机压载应用中对钨製品的需求不断增长，预计航空航太和军事工业可能会进一步扩张。由于汽车、航空航太、电子、石油和天然气以及采矿领域对钨产品（包括线材、棒材、片材和板材等）的需求迅速增长，钨材料市场不断扩大。

由于其卓越的品质，钨基材料（包括合金和碳化钨）在广泛的工业应用中至关重要。对于生产航空航太、汽车和一般製造等重型行业所需的切割工具、钻头和其他零件，钨因其高硬度、高熔点和耐磨性而成为首选材料。

亚太地区是全球钨基材料市场的成长地区之一，占全球钨基材料市场份额的1/3以上。在工业和建筑行业，钨基材料广泛用于高性能零件、耐磨零件和切割工具。由于这些行业对坚固、优质材料的需求不断增长，导致钨的使用量增加，因此市场正在扩大。

动力学

电子产业快速发展

大量使用钨製品生产各种电气设备。现代积体电路中使用的最重要的元件之一是钨。所有复杂晶片中的互连层和电晶体均透过钨接点（也称为通孔或插头）连接。此外，散热器在光电子和微波应用中充当 IC 封装基板。由于半导体产业的成长，对积体电路（IC）的需求激增，从而推动了对钨产品的需求。

例如，国际贸易管理局指出，日益增长的网路化和数位化正在推动半导体产业的成长。 2020年全球半导体销售额为4,404亿美元，较去年同期成长6.8%。此外，根据世界半导体贸易统计组织的数据，2021年销售额增至4,690亿美元，年增率为8.4%。

医疗保健对钨材料的需求不断增长

钨丝在需要精度和电流的医疗应用中仍然有需求，并且已用于医疗设备。钨丝具有高拉伸强度，这使其可用于医疗设备。在製造用于微创手术的可操纵导丝时，只能使用具有卓越机械性能的专业不銹钢。

据估计，手术机器人在医疗领域的使用不断增加，带动了钨材料市场的扩大。由于钨缆具有更大的抗拉强度，因此可以封装到更小的机器人零件中。预计随着越来越多的手术机器人辅助平台的开发，钨材料的市场将同步成长。

例如，美敦力于 2021 年 9 月在古尔冈最先进的手术机器人体验中心推出了 Hugo RAS 系统，这是一个尖端的机器人辅助手术平台。在预计的时期内，医疗保健领域钨丝用量的增加和手术机器人的需求预计将推动钨产品的市场扩张。

钨价上涨

影响钨製品生产的主要困难是钨价。 2020年3-4月，受需求减少影响，大部分下游钨原料及钨精矿价格出现下跌。然而，随着时间的推移，价格趋于稳定或逐渐上涨。

根据美国地质调查局发布的2021年矿产商品摘要，由于需求增长、仲钨酸铵和精矿现货供应有限、废钢供应量减少以及库存水准较低，2021年大多数钨精矿、废钢和下游钨产品价格呈上涨趋势。货运成本增加和运输延误导致供应限制和价格上涨。

替代品和替换材料

钨基材料市场正在成长，但受到替代资源和替代方法的可用性的限制。其他先进合金，例如陶瓷、碳化物和其他材料，可以在某些应用中提供可比较的性能质量，而不会产生钨带来的高成本和供应链风险。

随着企业努力降低成本并研究更永续的替代品，钨基材料市场对品质可比或更好的材料的需求非常旺盛。市场成长的前景也可能受到持续的材料科学研究和开发活动的影响，这些活动可能会发现最终可能取代或减少特定应用中对钨的需求的新型材料。

The market is growing as tungsten is added to steel to increase corrosion resistance and vibration in steam turbine blades. Furthermore, it is anticipated that the aerospace and military industry may see further expansion due to the rising need for tungsten goods in aircraft ballast applications. The tungsten materials market expanded as a result of the rapidly increasing demand for tungsten products, including wires, rods, sheets and plates, among others, for use in the automotive, aerospace, electronics, oil and gas and mining sectors.

Because of their exceptional qualities, tungsten-based materials, including alloys and tungsten carbide, are essential in a wide range of industrial applications. For the production of cutting tools, drills and other components required in heavy sectors including aerospace, automotive and general manufacturing, tungsten is the material of choice due to its high hardness, raised melting point and wear resistance.

Asia-Pacific is among the growing regions in the global tungsten-based materials market covering more than 1/3rd of the market. In the industrial and construction industries, tungsten-based materials are widely used for high-performance components, wear parts and cutting tools. The market is expanding as a result of the rise in tungsten use brought about by these sectors' growing need for strong, premium materials.

Dynamics

Rapid Development in the Electronics Sector

A variety of electrical devices are produced using tungsten products on a large scale. One of the most significant components used in modern integrated circuits is tungsten. The interconnecting layers and transistors in all sophisticated chips are connected by tungsten contacts, also known as vias or plugs. Furthermore, heat sinks serve as IC package foundation plates in optoelectronics and microwave applications. Demand for integrated circuits (ICs) has surged due to the growth of the semiconductor sector, hence driving up demand for tungsten offerings.

For instance, the International Trade Administration notes that growing networking and digitalization are driving growth in the semiconductor industry. Globally semiconductor sales in 2020 were US$ 440.4 billion, a 6.8% increase over the year previously. In addition, sales increased to US$ 469 billion in 2021, according to the World Semiconductor Trade Statistics group, showing an 8.4% yearly growth rate.

Growing Demand in Healthcare for Tungsten Materials

Tungsten wire is still in demand in medical applications requiring precision and electric current and has been utilized in medical equipment. Tungsten wire has a high tensile strength, which makes it useful for medical equipment. When it comes to creating a steerable guide wire for minimally invasive surgery, only specialist stainless steel with its exceptional mechanical properties can be used.

According to estimations, the growing use of surgical robots in the medical field drives the expansion of the tungsten materials market. Tungsten cables may be packaged into ever-smaller robotic components because of their greater tensile strength. It is expected that the market for tungsten materials will rise in step with the increasing number of surgical robotic-assisted platforms being developed.

As an example, at its state-of-the-art Surgical Robotics Experience Center in Gurugram, Medtronic unveiled the Hugo RAS system in September 2021, a cutting-edge robotic-assisted surgery platform. Over the anticipated period, rising tungsten wire usage and surgical robot demand in the healthcare sector are anticipated to fuel market expansion for tungsten products.

Increases in Tungsten Price

The main difficulties affecting tungsten product production is tungsten price. In March and April of 2020, the prices for the majority of downstream tungsten materials and tungsten concentrates decreased as a result of a decrease in demand. As the year went on, however, prices steadied or gradually increased.

According to USGS mineral commodity summaries 2021 publication, most prices of tungsten concentrates, scrap and downstream tungsten products trended upward in 2021 in response to the rising demand, limited spot supplies of ammonium paratungstate and concentrates decreased scrap availability and low inventory levels. Increased freight costs and delays in transit contributed to supply constraints and pricing increases.

Alternatives and Replacement Materials

The market for tungsten-based materials is growing, but it is limited by the availability of replacement resources and alternative methods. Other advanced alloys, such as ceramics, carbides and other materials, may provide comparable performance qualities in some applications without the high cost and supply chain risks that come with tungsten.

The market for tungsten-based materials is aggressive with materials that may offer comparable or better qualities, as businesses strive to reduce costs and investigate more sustainable alternatives. The prospects for the market's growth may also be affected by continuing materials science research and development activities that may find novel materials that might eventually replace or lessen the need for tungsten in particular applications.

Segment Analysis

The global tungsten-based materials market is segmented based on type, Material, application, end-user and region.

Rising Demand for Tungsten Materials in Aerospace Industry

The aerospace & defense segment is among the growing regions in the global tungsten-based materials market market covering more than 1/3rd of the market. Metal tungsten has the greatest heat resistance along with several other buildings: low vapor pressure, low coefficient of expansion, high density, high strength and high modulus of elasticity.

The mechanism design and safety performance of aerospace equipment are strongly correlated with the mechanical, chemical and physical properties of the materials used. Tungsten metal, for example, has several exceptional physical and chemical properties that can meet the requirements of material properties for aerospace and has been widely used in satellites, aircraft, aircraft engines and other equipment.

The demand for tungsten materials is predicted to be driven by the aerospace sector's increasing expansion. For example, a press release from Boeing in April 2020 states that the country's growing middle class and developing economy will drive strong aviation growth in India, creating demand for more than 2,200 new aircraft valued at about US$ 320 billion over the next 20 years.

Geographical Penetration

Growing Demand for Materials Based on Tungsten in the Electronics Sector Asia-Pacific

Asia-Pacific has been a dominant force in the global tungsten-based materials market. Asia-Pacific has been a major contributor to the expansion of the global market for tungsten-based materials due to the strong economic development and industrialization of nations like China, which is a major producer and consumer of tungsten.

In the Asia-Pacific, there has been a sharp increase in demand for materials based on tungsten, especially in industries including electronics, construction and manufacturing. Tungsten has a sizable market thanks to the region's expanding infrastructural projects and strong industrial base, which are driving its expansion.

Additionally, the growing use of tungsten in some end-use industries is driving market growth in the area. The USGS mineral commodity summaries 2021 publication states that China is now a net importer of tungsten concentrate as a result of new import and export restrictions on tungsten ore, as well as rising domestic demand from the production of tungsten materials with added value.

Also, China maintains the lead in the tungsten industry due in large part to these factors as well as the nation's explosive expansion in the automotive, aerospace, mining and electronics industries. The Ministry of Industry and Information Technology reports that 19.99 million passenger cars were sold in China in 2020, out of a total of over 25 million automobiles sold globally. Additionally, sales of commercial vehicles rose by 20% in 2021 compared to 2019 to reach 5.23 million units.

COVID-19 Impact Analysis

The market for tungsten-based materials has been significantly impacted by the COVID-19 pandemic, as have other international markets. The pandemic affected the production and consumption of tungsten-based products by upsetting demand, industrial processes and supply networks in some industries. During the pandemic's early stages, lockdowns required many production facilities to close or operate at reduced capacity, which affected the demand for tungsten in industries including electronics, automotive and aerospace.

Additionally, the tungsten materials market noticed problems associated with the general economic slowdown as economic activity progressively recovered. The demand for tungsten decreased in sectors including manufacturing and construction, which rely largely on the metal. Investment choices in tungsten-based projects have been affected by firms' cautious expenditure due to the uncertainty surrounding the pandemic's severity and length.

In 2020, the COVID-19 pandemic had a detrimental effect on the tungsten product industry's expansion. China consumes half of the world's manufactured tungsten, hence there is a strong correlation between tungsten consumption and global GDP. Exports and delivery of tungsten APT and related goods were impeded by logistical obstacles.

According to Argus a media organization that on February 12, 2020, domestic APT prices in China jumped by 1.5% to Yn137,000-139,000/t ($19,635-$19,922), while APT prices in Europe increased by more than 5% weekly to US$240-245/mtu. Therefore, in 2020, the expansion of the tungsten goods market was obstructed by the instability of tungsten prices.

Russia-Ukraine War Impact Analysis

The global demand for tungsten-based materials could be greatly affected by geopolitical tensions and wars. An essential metal utilized in many sectors, including electronics, manufacturing and defense, is tungsten. Market price volatility and shortages can come from a conflict that affects production or supply systems in important tungsten-producing nations.

The uncertainties affect industry stakeholders and investors, affecting the way they plan and investment decisions. Furthermore, demand patterns may be impacted by global instability. There may be a spike in demand for tungsten-based products during times of war in some businesses, notably the defense sector, for things like armor-piercing ammunition and military gear.

However, trade delays and financial instability could result in lower demand in other industries, which would have a complicated and multifaceted impact on the world tungsten market. The reality would vary on the intensity, length and geographic scope of any war, thus it's important to remember that the situation is dynamic. It is essential to study industry publications and recent news sources for the most accurate and current information on the present situation and its influence on the market for tungsten-based products.

By Type

Powder
Rods
Sheets
Others

By Material

Tungsten Metal
Tungsten Carbide
Tungsten Alloys

By Application

Filaments
Heaters
Electrodes
Sputtering Targets
Cutting Tools
Radiation Shielding
Others

By End-User

Aerospace & Defense
Automotive
Electrical & Electronics
Construction
Mining
Medical & Healthcare
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 August 16, 2023, CB-CERATIZIT, a joint venture of CERATIZIT, a division of the Plansee Group, has acquired a 70% stake in Changzhou CW Toolmaker Inc. The China-based company specializes in designing, producing and selling tungsten carbide cutting tools for industries such as electronics, aviation, railway and mold and die.
On December 22, 2021, The Plansee Group, headquartered in Reutte, Austria, has purchased Mi-Tech Tungsten Metals, which is based in Indianapolis. Recognized as a prominent supplier of tungsten-based products in United States, Mi-Tech's acquisition is part of Plansee's strategy to enhance its market presence for tungsten products in North America.

Competitive Landscape

The major global players in the market include Plansee Group, A.L.M.T. Corporation, Buffalo Tungsten Inc., Global Tungsten & Powders, Wolfram Company, Aero Industries Inc., Novotec BV, Elmet Technologies, Midwest Tungsten Service and Masan High-Tech Materials Corporation.

Why Purchase the Report?

To visualize the global tungsten-based materials market segmentation based on type, Material, application, end-user 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 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 market report would provide approximately 70 tables, 71 figures and 192 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 Material
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rapid Development in the Electronics Sector
  - 4.1.1.2. Growing Demand in Healthcare for Tungsten Materials
- 4.1.2. Restraints
  - 4.1.2.1. Increases in Tungsten Price
  - 4.1.2.2. Alternatives and Replacement Materials
- 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. Powder*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Rods
7.4. Sheets
7.5. Others

8. By Material

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

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. Filaments*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Heaters
9.4. Electrodes
9.5. Sputtering Targets
9.6. Cutting Tools
9.7. Radiation Shielding
9.8. Others

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Aerospace & Defense*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Automotive
10.4. Electrical & Electronics
10.5. Construction
10.6. Mining
10.7. Medical & Healthcare
10.8. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Russia
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. Plansee Group*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. A.L.M.T. Corporation
13.3. Buffalo Tungsten Inc.
13.4. Global Tungsten & Powders
13.5. Wolfram Company
13.6. Aero Industries Inc.
13.7. Novotec BV
13.8. Elmet Technologies
13.9. Midwest Tungsten Service
13.10. Masan High-Tech Materials Corporation

LIST NOT EXHAUSTIVE