Global Tungsten Market is expected to grow at a significant
CAGR in the upcoming years as the scope, product types and its applications are
increasing across the globe. Tungsten is a chemical element with symbol ‘W’ and
the atomic number of Tungsten is 74. Tungsten is a rare earth metal found
naturally and is an almost exclusively found in chemical compounds. Tungsten is
a grayish-white lustrous metal. It is solid at room temperature.
Furthermore, it also has the lowest vapor pressure of all
metals and the highest melting point, and at the temperatures over 1650°C has
the highest tensile strength. It has excellent corrosion resistance and is
attached only slightly by most mineral acids.
Tungsten Market is categorized based on product type,
applications, and geography. Tungsten Industry is categorized based on product
types such as Wires, Foils, Ribbons, Sheets, Rods, Strip, Tubes. Tungsten
Market is categorized based on application into Aerospace and Defense,
Automotive, Electronics, Mining, Oil and Gas, Medical, Construction.
Tungsten Market is categorized based on geography into Asia
Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East
and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S.,
Canada), Latin America (Brazil, Rest of Latin America), Western Europe
(Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern
Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to
Tungsten Market and will continue to rule the roost in the years to come. Some
of the key players that fuel the growth of the Tungsten Market include Buffalo
Tungsten, Federal Carbide, Nippon Tungsten, NAECO, Kennametal, Sumitomo
Electric Industries, Toonney Alloy. The key players are focusing on inorganic
growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/tungsten-market/request-sample
Comments
Post a Comment