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市場調查報告書

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1712519

全球鎢市場 - 2025-2032

Global Tungsten Market - 2025-2032

出版日期: 2025年04月22日 | 出版商:

DataM Intelligence | 英文 180 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

2024 年全球鎢市場規模達到 51.6 億美元，預計到 2032 年將達到 96.5 億美元，在 2025-2032 年預測期內的複合年成長率為 8.14%。

鎢市場正在擴張並經歷併購，不久的將來還會有更多併購計畫。公司正在透過內部擴張或收購小型企業來擴張。例如，2023年12月，山特維克集團完成收購北美主要鎢金屬和碳化物粉末生產商Buffalo Tungsten, Inc.。透過此次收購，該公司打算擴大在北美的業務範圍。

鎢市場趨勢

全球鎢市場越來越關注回收和永續性。隨著環境問題和資源限制的加劇，該行業正致力於從廢料中回收鎢，以確保穩定的供應並減少採礦對環境的影響。這項轉變不僅解決了環境問題，也提高了供應鏈在面對影響關鍵鎢供應的地緣政治壓力時的彈性。

此外，回收技術的進步使得鎢回收更有效率且更具成本效益。公司正在投資永續的提取程序並尋找替代來源以滿足電子、汽車和航太等行業日益成長的需求。這與全球永續發展目標一致，並體現了鎢產業對負責任資源管理的更廣泛推動。

動態的

航太和國防領域對鎢的需求不斷成長

國防和航太領域對鎢的需求不斷增加，以及鎢卓越的密度、耐高溫性和機械強度，是全球鎢市場的重要驅動力。鎢是生產穿甲彈、飛彈零件、飛機配重件和高性能航太零件的必不可少的材料。它在惡劣條件下保持結構完整性的能力使其對於軍事和太空級應用至關重要。

世界各國政府都在增加國防預算並投資更新軍事裝備，這直接推動了對鎢的需求。例如，美國和北約國家將鎢視為國家安全必不可少的重要材料，因此其需求預測穩定。此外，人們對太空探索和商業衛星部署的興趣日益濃厚，也增加了鎢在航太推進系統和結構部件中的使用。策略和高科技領域的持續需求是全球鎢市場發展的關鍵動力。

環境和監管挑戰

鎢礦開採和加工所涉及的環境和監管問題是全球鎢市場的一個重大限制。鎢礦開採通常需要大規模的採礦作業，如果管理不善，可能會導致棲息地破壞、土壤侵蝕、水污染和生物多樣性喪失。

此外，用於提煉鎢礦的化學方法會產生有毒廢物，從而帶來進一步的環境問題。這些擔憂導致許多國家推出了嚴格的環境立法，提高了合規成本，並可能限制採礦活動。例如，歐盟的 REACH 法規限制化學品的使用，包括鎢加工中使用的化學品，以減少對環境和健康的危害。

The tungsten market is expanding and undergoing mergers and acquisitions, with more planned in the near future. Companies are expanding organically or by acquiring smaller businesses. For example, in December 2023, Sandvik Group finalized the acquisition of Buffalo Tungsten, Inc., a major producer of tungsten metal and carbide powder in North America. With this acquisition, the corporation intends to expand its footprint throughout North America.

Tungsten Market Trend

The global tungsten market is seeing an increased focus on recycling and sustainability. As environmental concerns and resource constraint grow, the industry is focusing on reclaiming tungsten from scrap materials to assure a steady supply and lessen the environmental impact of mining. The transition not only solves environmental concerns, but it also improves supply chain resilience in the face of geopolitical pressures affecting key tungsten supplies.

Furthermore, advances in recycling technologies make tungsten recovery more efficient and cost-effective. Companies are investing in sustainable extraction procedures and looking into alternate sources to meet rising demand in industries such as electronics, automotive and aerospace. It is consistent with global sustainability goals and reflects a broader push toward responsible resource management in the tungsten sector.

Dynamic

Rising Demand for Tungsten in Aerospace and Defense

The increased need for tungsten in the defense and aerospace sectors, as well as its remarkable density, high-temperature resistance and mechanical strength, are important drivers of the worldwide tungsten market. Tungsten is an essential material in the production of armor-piercing ammunition, missile components, aircraft counterweights and high-performance aerospace parts. Its capacity to keep structural integrity under harsh conditions makes it crucial for military and space-grade applications.

Governments around the world are boosting their defense budgets and investing in updating military equipment, which directly drives demand for tungsten. For example, US and NATO countries consider tungsten to be a vital material essential to national security, providing a steady demand forecast. Furthermore, the growing interest in space exploration and commercial satellite deployment has increased the use of tungsten in aerospace propulsion systems and structural components. The ongoing demand from strategic and high-tech sectors is a key development engine for the global tungsten market.

Environmental and Regulatory Challenges

The environmental and regulatory issues involved with tungsten mining and processing are a substantial limitation on the worldwide tungsten market. Tungsten ore extraction frequently entails large-scale mining operations, which, if not managed properly, can result in habitat damage, soil erosion, water pollution and biodiversity loss.

Furthermore, the chemical methods used to refine tungsten ores can produce toxic waste, which poses further environmental problems. The concerns have resulted in rigorous environmental legislation in many nations, raising compliance costs and potentially limiting mining activities. For example, the European Union's REACH law restricts the use of chemicals, including those used in tungsten processing, to reduce environmental and health hazards.

Segment Analysis

The global tungsten market is segmented based on type, product, application and region.

Growing Demand for High-Performance Cutting and Wear-Resistant Tools Drives Machine Tool & Equipment Segment

The rising need for high-performance cutting and wear-resistant tools in advanced manufacturing industries is a significant driver for the market's machine tools and equipment segment. Tungsten's excellent hardness, high melting point and wear resistance make it a vital material for the manufacture of tools such as drills, milling cutters, dies and inserts.

During the forecast period, the mining and drilling sectors are expected to hold the majority of the tungsten market. Tungsten is a remarkable metal, with the highest melting point, tensile strength and hardness of any metal. In accordance to US Geological Survey, approximately 84,000 metric tons of contained tungsten were produced globally in 2022. China is by far the world's largest tungsten mining country, accounting for approximately 85% of total output.

Geographical Penetration

Rising Disposable Income in Emerging Countries in Asia-Pacific

Asia-Pacific is expected to grow at the fastest rate during the forecast period. Increasing disposable income in emerging economies is driving demand for convenience items, which is aiding global market growth. Because of the utilized and replaceable cutting tools, the carbide industry has the largest market share. Aside from its application in electrical and electronic equipment, the demand for mill items containing tungsten will continue to rise.

The aircraft industry's expansion is expected to drive the fastest increase in tungsten alloys. Boeing has broken down the predicted growth rate of China's commercial aviation market from 2019 to 2038 into segments. Over that time, China's ground, station and freight operations market is predicted to grow by 5.6%. Tungsten or its alloys are also employed in the fabrication of various car parts that tolerate extreme conditions or temperatures.

Impact of US Tariff

Tariffs imposed by US on Chinese tungsten products such as unwrought tungsten, bars, rods and plates have considerably disturbed the worldwide tungsten market, especially given that China accounts for more than 80% of global tungsten output. These 25% tariffs, which take effect in January 2025, are part of a larger US-China trade policy aimed at reducing reliance on Chinese vital minerals.

In response, China imposed export limits on tungsten and related materials, significantly constricting the supply chain. This has caused immediate supply limitations, price volatility and increased procurement issues for US-based businesses in the defense, aerospace, electronics and tooling industries that rely significantly on tungsten's distinctive qualities.

Companies such as Almonty Industries have also obtained tariff exemptions for its non-Chinese tungsten to ensure a steady supply to North American clients. Nonetheless, these transitions will take time and in the near term, the tariffs have raised raw material costs, generated strategic uncertainty for downstream businesses and underlined the geopolitical unstability of global tungsten supply networks.

Competitive Landscape

The major global players in the market include China Minmetals Non-Ferrous Metals Co., Ltd., China Molybdenum Co. Ltd., ChinaTungsten, Jiangxi Tungsten Holding Group Co., Ltd., Jiangxi Yaosheng Tungsten, Xiamen Tungsten Co., Ltd., Nippon Tungsten Co., Ltd., Umicore N.V., Global Tungsten & Powders and Almonty Industries Inc.

Key Developments

In January 2022, The Plansee Group has signed a formal agreement to acquire Indianapolis-based Mi-Tech Tungsten Metals. Mi-Tech, which employs about 100 people, is considered as one of the leading providers of tungsten-based goods in US.
In September 2021, Kennametal Inc. has introduced KAR85-AM-K, a highly corrosion-resistant tungsten carbide grade for metal additive production. It can only be used in conjunction with Kennametal's binder jet 3D printing capacity to create fully completed wear components.

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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 Product
3.3. Snippet by Application
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rising Demand for Tungsten in Aerospace and Defense
- 4.1.2. Restraints
  - 4.1.2.1. Environmental and Regulatory Challenges
- 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 and Compliance Analysis
5.5. Sustainability Analysis
5.6. Impact of US Tariff
5.7. DMI Opinion

6. By Type

6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 6.1.2. Market Attractiveness Index, By Type
6.2. Foils*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. Ribbons
6.4. Wires
6.5. Tubes
6.6. Others

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Carbides*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Tungsten Alloys
7.4. Tungsten Mill Products
7.5. Tungsten Chemicals
7.6. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Automotive*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Aerospace
8.4. Electrical & Electronics
8.5. Machine Tool & Equipment
8.6. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.6.1. US
  - 9.2.6.2. Canada
  - 9.2.6.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.6.1. Germany
  - 9.3.6.2. UK
  - 9.3.6.3. France
  - 9.3.6.4. Italy
  - 9.3.6.5. Spain
  - 9.3.6.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.6.1. Brazil
  - 9.4.6.2. Argentina
  - 9.4.6.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.6.1. China
  - 9.5.6.2. India
  - 9.5.6.3. Japan
  - 9.5.6.4. Australia
  - 9.5.6.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Company Profiles

10.1. China Minmetals Non-Ferrous Metals Co., Ltd.*
- 10.1.1. Company Overview
- 10.1.2. Product Portfolio and Description
- 10.1.3. Financial Overview
- 10.1.4. Key Developments
10.2. China Molybdenum Co., Ltd.
10.3. ChinaTungsten
10.4. Jiangxi Tungsten Holding Group Co., Ltd.
10.5. Jiangxi Yaosheng Tungsten
10.6. Xiamen Tungsten Co., Ltd.
10.7. Nippon Tungsten Co., Ltd.
10.8. Umicore N.V.
10.9. Global Tungsten & Powders
10.10. Almonty Industries Inc.

LIST NOT EXHAUSTIVE