Global Tungsten Metal Powder Professional Survey Report 2022, Forecast to 2027

The Tungsten Metal Powder is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Tungsten Metal Powder Professional Survey Report 2022, Forecast to 2027”, With the With the development of the global economy, the demand for tungsten continues to increase, the Tungsten Metal Powder industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.85% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

The global demand for tungsten is wholly driven by hard metals or by manufacturers of automobile parts. Attributed to its properties such as wear resistance, mechanical strength, and high rigidity,tungsten metal powder is used increasingly in mining and construction activity. As it is a heavy metal, more of its usage can be witnessed in the aviation industry for balancing aeroplanes and helicopters. Many developments in the aviation industry and automobile manufacturing industry provide lucrative opportunities for the tungsten metal powder market growth, said Bill Taylor, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight：

Market overview

In 2021, the global market revenue of Tungsten Metal Powder is 2911.19 million USD, and its market revenue is expected to reach 4485.43 million USD by 2027.Tungsten powder is the main raw material for processing powder metallurgy tungsten products and tungsten alloys. Pure tungsten powder can be made into wire, rod, tube, plate and other processed materials and certain shaped products. Tungsten powder mixed with other metal powders can be made into various tungsten alloys, such as tungsten-molybdenum alloy, tungsten-rhenium alloy, tungsten-copper alloy and high-density tungsten alloy. Another important application of tungsten powder is to make tungsten carbide powder, and then prepare cemented carbide tools, such as turning tools, milling cutters, drills and molds. With upstream and downstream development, industry development and technological progress, the Tungsten Metal Powder industry has a lot of room for development.

Market Opportunities

1.The development of vehicle industry is an opportunity???

Under the wave of global new energy vehicle development, countries around the world are accelerating the pace of vehicle electrification transformation. Whether it is Europe, America or China, the industrial layout of the new energy vehicle industry is being carried out. China and Europe are the world's new energy vehicle powers. In 2021, the sales of new energy passenger vehicles in the United States was over 600,000. At present, the penetration rate of the new energy vehicle market in the United States is only 4.2%. Sales of new energy vehicles in Europe in 2021 increased a lot. It reached nearly 2.3 million vehicles, accounting for 34.7% of the global market share. Driven by policies of energy conservation, emission reduction and carbon neutrality, the layout of the new energy vehicle industry will accelerate. The number of new energy vehicles produced will continue to increase. Forms a good growth opportunity for Tungsten Metal Powder.

2.The sufficient supply of tungsten lays the foundation for the development of Tungsten Metal Powder industry

The raw materials of Tungsten Metal Powder could be traced back to tungsten ores. The global tungsten deposits are widely distributed. They are mainly concentrated in the Pacific Rim metallogenic belt, the Alps-Himalayan metallogenic belt, the Mediterranean Sea and the Atlantic Ocean region in Europe. Statistics from the US Geological Survey show that The global tungsten ore resources are relatively rich. In 2016, the proven reserves (tungsten metal) were 3.1437 million tons, and the tungsten metal output was 86,400 tons. In the short term, the global tungsten ore resources can meet the needs of global economic development. Sufficient tungsten ore can provide Tungsten Metal Powder with a continuous supply of raw materials, so that packagingTungsten Metal Powder can meet market demand.

Market Risk

Risks posed by weak economic conditions

A general downturn in overall economic or business conditions may adversely affect the demand for the products of tungsten metal powder manufacturers. Global political and economic uncertainty may reduce the investment activities of tungsten powder manufacturers' customers, which could adversely affect the business of tungsten powder manufacturers. In addition, many of the tungsten powder manufacturers' customers are in cyclical businesses. During these cycles, a downturn in these industries could adversely affect producers of tungsten metal powders. In addition, such circumstances may affect the utilization of manufacturing capacity by tungsten powder manufacturers, which may require them to recognize impairment losses on tangible assets such as property, plant and equipment and intangible assets such as goodwill, corporate customer relationships or intellectual property.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading @@@@ companies that include Xiamen Tungsten, Jiangxi Yaosheng Tungsten, Chongyi ZhangYuan Tungsten, China Tungsten Hightech, Kennametal, H.C.Starck, Jiangxi Tungsten Holding Group Co.,Ltd, Global Tungsten & Powders, Jiangsu Hetian, WOLFRAM Company, TaeguTec Ltd, A.L.M.T. Corp., Eurotungstene (Umicore), Japan New Metals, China Molybdenum, GuangDong XiangLu Tungsten, Buffalo Tungsten, Treibacher Industri.

Currently Tungsten Metal Powder's manufacturers are working on optimizing production models and updating equipment. Taking GuangDong XiangLu Tungsten as an example, its Chaozhou regional tungsten powder production department has significantly improved the output of various series of products through continuous optimization and updating of equipment. In the production of tungsten powder and tungsten carbide powder, by optimizing the hydrogen purification system, adopting PLC intelligent control mode, AI artificial intelligence adjustment system, and improving equipment such as aerogel insulation layer and Carrier refrigerator, labor costs is decreased. The precision and accuracy of automated operation is also improved. By adopting the PLC intelligent control mode, the advanced alloy grading wheel and the matched air compressor in the industry are introduced to effectively ensure the stable supply of nitrogen and other equipment. n addition, reducing production costs has always been the mainstream trend of the Tungsten Metal Powder industry. In the future, in order to reduce production costs and reduce the use of auxiliary materials, manufacturers in the tungsten industry will increase the use of tungsten waste.?

Segmentation of Tungsten Metal Powder Market:

By Type, the market has been subdivided into segments of Up to 1μm, 1-10μm, 10-50μm and Others. The 1-10μm segment occupies the largest market share in 2021. Whether it is cemented carbide or tungsten products, there are strict requirements on the average particle size and particle size distribution of tungsten powder. In the field of cemented carbide, the particle size and particle size distribution of tungsten powder directly affect the particle size and particle size distribution of the produced WC powder. The particle size of WC powder affects the performance of cemented carbide products. The production of coarse, medium and fine particle WC powder requires the use of coarse, medium and fine particle tungsten powder, and the WC powder obtained by carbonization of non-uniform tungsten powder is not uniform. From the perspective of Application, the market is divided into Cemented Carbide, Tungsten Mill Products, Steel and Alloy and Others. Cemented Carbide dominates the market and may continue to dominate during the forecast period. Cemented Carbide, Tungsten Mill Products, Steel and Alloy and Others account for 62.57%, 12.54%, 16.3% and 8.59% of sales in 2021, respectively.?Cemented carbide is an alloy material made of hard compounds of bonding metals and refractory metals through powder metallurgy process, with high strength, hardness, corrosion resistance and wear resistance, known as "industrial teeth". The demand for cemented carbide has been on the rise in recent years, driving the growth of the Tungsten Metal Powder industry.

Tungsten Metal Powder Market: Regional Analysis

In terms of geography, the global Tungsten Metal Powder market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific region has a dominant market position, with the largest revenue share in 2021, 64.21%, followed by Europe whose revenue share is 21.45%. Asia Pacific is also the region with the largest compound annual growth rate, with a compound annual growth rate of 8.75% from 2022 to 2027. From the perspective of regional distribution, by the end of 2021, China's tungsten resource reserves accounted for more than 50%, and it has an absolute advantage in the world. In addition, there are Russia, Vietnam, Spain, Canada, the United Kingdom, Mongolia and other countries or regions. China continues to be the world's largest producer and consumer of tungsten. China's huge demand for Tungsten Metal Powder has made the Asia-Pacific region have a growth trend that surpasses other regions.

Cagr: 7.85%

largest share area：Asia Pacific

largest share country：China

Product Type：Up to 1μm, 1-10μm, 10-50μm, Others

Application：Cemented Carbide, Tungsten Mill Products Steel and Alloy, Others

Leading Company：Xiamen Tungsten, Jiangxi Yaosheng Tungsten, Chongyi ZhangYuan Tungsten, China Tungsten Hightech, Kennametal