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1423519

全球鎢基材料回收市場 - 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個工作天內

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簡介目錄

概述

2023年，全球鎢基材料回收市場達到7.992億美元，預計2031年將達到13.636億美元，2024-2031年預測期間CAGR為7.1%。

由於全球在電動車和再生能源技術的過渡，對鎢等基本金屬的需求正在上升。隨著這些業務的擴展以及對鎢的持續和永續供應的需求的增加，人們正在採用回收技術來滿足不斷成長的需求。

回收鎢基產品的市場主要是由日益成長的生態意識和全球永續實踐的需求所推動的。透過減少傳統採礦和提取的生態影響，回收鎢有助於實現更大的永續發展目標。全球採用循環經濟概念推動了鎢回收的需求。

亞太地區是全球鎢基材料回收市場的成長地區之一，覆蓋市場佔有率超過1/3。亞太地區充滿活力的工業格局和對永續實踐的日益重視是推動全球鎢基產品回收市場成長的主要因素。中國、日本和印度等國家的快速工業化增加了電子、建築和製造業等一些行業對鎢基產品的需求。

動力學

回收技術的技術發展

全球鎢基回收材料市場的主要動力是回收技術的進步。由於創新技術和工藝的發展，現在可以從各種來源（包括製造廢料和染色產品）回收鎢。

例如，MHT 2021 年的鎢產量比去年增加了 97%，其中鎢廢料回收佔產量增量的 26%。 74% 的產量來自主要供應源，包括 MHT 位於太原省的 Nui Phao。公司淨收入年增 86%，達到 135,640 億越南盾。

HC Starck 鎢粉和 2021 會計年度 APT 價格上漲（高於前一年 222 美元/mtu）（286 美元/mtu）相結合，極大地促進了鎢收入的成長。有趣的是，2021-2022 年 EBITDA 成長了 114%，達到 30,700 億越南盾。 MHT 指出，健康的遠期訂單簿具有幾年來最好的前景，這對銷售和定價都令人鼓舞。

日益關注循環經濟與永續流程

循環經濟理念的採用和對永續實踐的日益關注是推動全球鎢基產品回收市場的主要因素。隨著環境問題的日益嚴重，工業界和消費者都越來越意識到回收鎢等基本資源是多麼重要。

循環經濟策略鼓勵提高資源效率、減少廢棄物和延長壽命。由於需要減少對初級原料的依賴、減少對生態的影響並支持更道德和永續的供應鏈，因此對回收鎢基部件的需求不斷增加。

回收鎢的基礎設施有限

全球市場因缺乏鎢回收設施而受到嚴重限制。與鋼或鋁等更常規回收的金屬相比，鎢回收設施的頻率較低，並且基於鎢的物品的加工和收集可能會帶來後勤困難。

該過程需要對專用機械和設施進行大量投資，以建立有效的回收基礎設施。這種基礎設施的缺陷可能會導致更高的運輸費用和較差的回收過程效率。可能阻礙公司和行業積極參與鎢回收計劃的另一個因素是缺乏收集地點和回收設施。

價格變化和經濟波動

全球市場對鎢產品回收對價格和經濟變化的接受程度是一個主要限制因素。地緣政治發展、市場投機和總體經濟狀況都會對鎢的定價產生影響。經濟衰退可能導致工業運作減少，這可能會影響回收市場的動態以及對鎢產品的整體需求。

此外，鎢的市場比其他金屬小，這使得它更容易受到供需不匹配的影響，從而導致價格快速且不可預測地波動。回收公司可能會因這些波動而面臨困難，這可能會影響他們的投資選擇和獲利能力。

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