1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > World Tungsten Market, Freedonia

World Tungsten Market, Freedonia

  • July 2015
  • -
  • Freedonia
  • -
  • 281 pages

Global demand to rise 4.2% per annum through 2019

Processed tungsten demand is projected to grow 4.2 percent per year to 146,550 metric tons in 2019. Sales gains will be fueled by solid growth in fixed investment expenditures, especially in construction spending and mining activity. Manufacturing output will also support gains, particularly in the key aerospace, machinery, and metal products sectors.

Asia/Pacific region will dominate demand & output

The Asia/Pacific region, led by China, will continue to dominate both tungsten supply and consumption. In 2019, China alone will account for over two-thirds of demand and three-fifths of output. The country’s heavy influence on the global tungsten market is a combination of its vast tungsten reserves (over one-half of known tungsten deposits in the world) and the Chinese government’s support of the downstream tungsten-containing product industry. India will represent the fastest growing major market for processed tungsten through 2019, fueled by a rapidly expanding manufacturing sector with increasingly advanced technological capabilities.
Other nations that are expected to record above average tungsten sales increases through 2019 include Turkey, Mexico, Brazil, China, and Taiwan, driven in large part by rising output of motor vehicles and other durable goods. The Africa/Mideast region will also record gains above the global average, albeit from a relatively small market base. An acceleration in construction spending will drive growth in North America, while in Western Europe, tungsten processors’ reputation for consistent, high quality products will continue to support sales in the region.

China to remain leading mine producer worldwide

China, in addition to being the largest market for and producer of processed tungsten, was also the largest source of ore and concentrates in 2014, comprising over four-fifths of global tungsten mining output. While the rest of the world will continue to be heavily dependent on Chinese mine production through 2019, a number of factors will lessen China’s importance somewhat. First, scrap recycling is becoming a key source for ammonium paratungstate (APT) manufacture, the primary intermediate for most processed tungsten products. Second, several new mines have recently opened or are expected to begin extraction soon, the most notable of which are the Nui Phao mine in Vietnam (2013) and the Drakelands mine in the UK (expected 2015).

Tungsten alloys to exhibit most rapid growth

Tungsten alloys will record the fastest growth of any major product category, stimulated largely by aerospace manufacturing increases. Cemented carbides will continue to garner by far the largest share of processed tungsten consumption, however, representing over three-fifths of worldwide demand in 2019. Despite shrinking sales in lighting applications, tungsten mill products will nevertheless demonstrate steady growth through 2019, supported by demand for the metal in a number of electrical and electronic appli-cations. Tungsten utilization in chemicals will accelerate over the 2009-2014 period, stimulated by strong growth in chemicals manufacturing activity, where tungsten is used in catalysts.

Study coverage

Details on these and other key findings are contained in the upcoming industry study, World Tungsten, presents historical data (2004, 2009, 2014) plus forecasts for 2019 and 2024 for supply and demand, as well as demand by product and application, in 6 regions and 15 countries worldwide. The study also considers market environment factors, evaluates company market share and profiles 22 competitors in the global tungsten industry.

Table Of Contents

World Tungsten Market, Freedonia
TABLE OF CONTENTS
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 6
World Economic Outlook 7
World Population Outlook 9
Gross Fixed Investment 11
World Manufacturing Outlook 13
World Machinery Overview 16
World Lighting Outlook 18
Technology Trends 20
Functional Competition 22
Pricing Patterns 23
Legal and Regulatory Environment 25
III. WORLD TUNGSTEN MINING and PROCESSING
OVERVIEW 29
General 29
Tungsten Reserves by Country 30
Tungsten Mine Production by Country 31
Tungsten Ore and Concentrates International Trade 35
Tungsten Processing 36
Ammonium Paratungstate 37
Tungsten Scrap 38
IV. WORLD SUPPLY and DEMAND 41
General 41
World Tungsten Demand 42
Demand by Product 45
Cemented Carbides 47
Cutting Tools and Inserts 49
Wear Parts and Other 50
Tungsten Alloys 50
Tool Steels 51
Other 52
Tungsten Mill Products 53
Lighting 54
Other 55
Tungsten Chemicals and Other 55
Catalysts 57
Other 58
Processed Tungsten Shipments 58
International Trade 60
V. NORTH AMERICA 63
Overview 63
Supply and Demand 64
Tungsten Applications 67
United States 69
Canada 77
Mexico 82
VI. WESTERN EUROPE 88
Overview 88
Supply and Demand 89
Tungsten Applications 92
Germany 94
United Kingdom 100
Italy 105
France 111
Sweden 117
Spain 122
Other Western Europe 128
VII. ASIA/PACIFIC 135
Overview 135
Supply and Demand 136
Tungsten Applications 139
China 141
Japan 148
South Korea 154
India 159
Taiwan 165
Other Asia/Pacific 171
VIII. OTHER REGIONS 178
Central and South America 178
Supply and Demand 179
Tungsten Applications 181
Brazil 183
Other Central and South America 189
Eastern Europe 194
Supply and Demand 196
Tungsten Applications 198
Russia 199
Other Eastern Europe 205
Africa/Mideast 210
Supply and Demand 212
Tungsten Applications 214
IX. INDUSTRY STRUCTURE 216
General 216
Industry Composition 217
Market Share 219
Acquisitions and Divestitures 224
Mining and Manufacturing 226
Competitive Strategies 229
Marketing and Distribution 230
Cooperative Agreements 231
Company Profiles 234
ALMT, see Sumitomo Electric Industries
Berkshire Hathaway Incorporated 235
BETEK, see INDUS Holding
Buffalo Tungsten Incorporated 237
CB-CERATIZIT Luxembourg, see Plansee Holding
CERATIZIT, see Plansee Holding
China Minmetals Corporation 239
China Molybdenum Company Limited 243
Chongyi Zhangyuan Tungsten Company Limited 245
Eramet SA 246
Erasteel, see Eramet
Eurotungstene Powders, see Eramet
Federal Carbide Company 248
GESAC, see Xiamen Tungsten
Global Tungsten and Powders, see Plansee Holding
Guangdong Xianglu Tungsten Company Limited 250
HC Starck GmbH 251
INDUS Holding AG 254
Japan New Metals, see Mitsubishi Materials
Jiangxi Rare Earth and Rare Metals Tungsten Group
Corporation 255
Jiangxi Tungsten Industry Group, see China Minmetals
and Jiangxi Rare Earth and Rare Metals Tungsten
Group
Jiangxi Yaosheng Tungsten Company Limited 257
Jiujiang Jinlu Hard Alloy, see China Minmetals and
Xiamen Tungsten
Kennametal Incorporated 259
Metalico Incorporated 262
Mitsubishi Materials Corporation 263
Nanchang Cemented Carbide, see China Minmetals
Niagara Refining, see Buffalo Tungsten and Sumitomo
Electric Industries
Nippon Tungsten Company Limited 265
Noble Group Limited 266
Plansee Holding AG 268
Sandvik AB 272
Sumitomo Electric Industries Limited 275
TaeguTec, see Berkshire Hathaway
Tranzact, see Metalico
WOLFRAM Company CJSC 278
Xiamen Tungsten Company Limited 279
Zhuzhou Cemented Carbide Group, see China Minmetals
Zigong Cemented Carbide, see China Minmetals
Other Companies Mentioned in Study 283

LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 5
2 World Population by Region 11
3 World Gross Fixed Investment by Region 13
4 World Manufacturing Value Added by Region 16
5 World Machinery Manufacturing Value Added by Region 18
SECTION III -- WORLD TUNGSTEN MINING and
PROCESSING OVERVIEW
1 World Tungsten Ore Reserves by Country, 2014 31
2 World Tungsten Mine Production by Country 32
3 World Ammonium Paratungstate Shipments by Region 38
4 World Tungsten Scrap Demand by Region 40
SECTION IV -- WORLD SUPPLY and DEMAND
1 World Tungsten Demand by Region 44
2 World Tungsten Demand by Product 46
3 World Tungsten Cemented Carbides Demand by Application and
Region 49
4 World Tungsten Alloys Demand by Application and Region 51
5 World Tungsten Mill Products Demand by Application
and Region 54
6 World Tungsten Chemicals and Other Demand by Application
and Region 57
7 World Tungsten Shipments by Region 60
8 World Tungsten Net Exports by Region 62
SECTION V -- NORTH AMERICA
1 North America: Tungsten Supply and Demand 66
2 North America: Tungsten Demand by Product and Application 69
3 United States: Tungsten Supply and Demand 74
4 United States: Tungsten Demand by Product and Application 76
5 Canada: Tungsten Supply and Demand 80
6 Canada: Tungsten Demand by Product and Application 82
7 Mexico: Tungsten Supply and Demand 85
8 Mexico: Tungsten Demand by Product and Application 87
SECTION VI -- WESTERN EUROPE
1 Western Europe: Tungsten Supply and Demand 91
2 Western Europe: Tungsten Demand by Product and Application 94
3 Germany: Tungsten Supply and Demand 98
4 Germany: Tungsten Demand by Product and Application 100
5 United Kingdom: Tungsten Supply and Demand 103
6 United Kingdom: Tungsten Demand by Product
and Application 105
7 Italy: Tungsten Supply and Demand 109
8 Italy: Tungsten Demand by Product and Application 111
9 France: Tungsten Supply and Demand 115
10 France: Tungsten Demand by Product and Application 117
11 Sweden: Tungsten Supply and Demand 120
12 Sweden: Tungsten Demand by Product and Application 122
13 Spain: Tungsten Supply and Demand 126
14 Spain: Tungsten Demand by Product and Application 128
15 Other Western Europe: Tungsten Supply and Demand 132
16 Other Western Europe: Tungsten Demand by Product
and Application 134
SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific: Tungsten Supply and Demand 138
2 Asia/Pacific: Tungsten Demand by Product and Application 141
3 China: Tungsten Supply and Demand 146
4 China: Tungsten Demand by Product and Application 148
5 Japan: Tungsten Supply and Demand 152
6 Japan: Tungsten Demand by Product and Application 154
7 South Korea: Tungsten Supply and Demand 157
8 South Korea: Tungsten Demand by Product and Application 159
9 India: Tungsten Supply and Demand 163
10 India: Tungsten Demand by Product and Application 165
11 Taiwan: Tungsten Supply and Demand 169
12 Taiwan: Tungsten Demand by Product and Application 171
13 Other Asia/Pacific: Tungsten Supply and Demand 175
14 Other Asia/Pacific: Tungsten Demand by Product
and Application 177
SECTION VIII -- OTHER REGIONS
1 Central and South America: Tungsten Supply and Demand 181
2 Central and South America: Tungsten Demand by Product
and Application 183
3 Brazil: Tungsten Supply and Demand 187
4 Brazil: Tungsten Demand by Product and Application 189
5 Other Central and South America: Tungsten Supply and Demand 192
6 Other Central and South America: Tungsten Demand by Product
and Application 194
7 Eastern Europe: Tungsten Supply and Demand 197
8 Eastern Europe: Tungsten Demand by Product and Application 199
9 Russia: Tungsten Supply and Demand 203
10 Russia: Tungsten Demand by Product and Application 205
11 Other Eastern Europe: Tungsten Supply and Demand 208
12 Other Eastern Europe: Tungsten Demand by Product
and Application 210
13 Africa/Mideast: Tungsten Supply and Demand 213
14 Africa/Mideast: Tungsten Demand by Product and Application 215
SECTION IX -- INDUSTRY STRUCTURE
1 Processed Tungsten Sales by Company, 2014 218
2 Selected Acquisitions and Divestitures 225
3 Selected Cooperative Agreements 233

LIST OF CHARTS
CHART NUMBER PAGE
1 World Lighting Shipments by Region, 2014 20
2 Historical Tungsten Pricing 25
SECTION III -- WORLD TUNGSTEN MINING and
PROCESSING OVERVIEW
1 World Tungsten Ore and Concentrates Net Exports by Region,
2014 36
SECTION IV -- WORLD SUPPLY and DEMAND
1 World Tungsten Demand by Region, 2014 45
2 World Tungsten Demand by Product, 2014 47
SECTION V -- NORTH AMERICA
1 North America: Tungsten Demand by Country, 2014 67
2 US National Defense Stockpile Ore and Concentrates Stocks
and Sales 73
SECTION VI -- WESTERN EUROPE
1 Western Europe: Tungsten Demand by Country, 2014 92
SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific: Tungsten Demand by Country, 2014 139
SECTION IX -- INDUSTRY STRUCTURE
1 World Processed Tungsten Market Share by Company, 2014 219
2 Tungsten Material Flow 228

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Thermal Spray Market

Global Thermal Spray Market

  • $ 4250
  • Industry report
  • December 2016
  • by Mordor Intelligence LLP

The global thermal spray market was valued at USD 7.580 billion in 2015, and it is estimated to grow at a CAGR of 7.79%, to reach USD 11.893 million by 2021, during the forecast period. The market mentioned ...

Global and Chinese Partial Ammonium Tungsten Industry, 2016 Market Research Report

Global and Chinese Partial Ammonium Tungsten Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Partial Ammonium Tungsten Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Partial Ammonium Tungsten industry ...

Global and Chinese Tungsten Tetrabromide Industry, 2016 Market Research Report

Global and Chinese Tungsten Tetrabromide Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Tungsten Tetrabromide Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Tungsten Tetrabromide industry with ...


Download Unlimited Documents from Trusted Public Sources

Metals Statistics

  • January 2017
    13 pages
  • Metals  

    Non-Ferrous Met...  

  • China  

    Europe  

    United States  

View report >

Ethanol Industry in Europe and the US

  • January 2017
    6 pages
  • Ethanol  

  • Europe  

    United States  

View report >

The future of the Lithium Industry in Africa

  • January 2017
    3 pages
  • Lithium  

  • Africa  

    Mozambique  

View report >

Metals Statistics

25 days ago

Related Market Segments :

Tungsten

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.