Global Tungsten Market: Analysis By End-Use …...2017/01/27 · (2016-2021) •Global Tungsten...

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Global Tungsten Market: Analysis By End-Use Application, By End-User

Industries, By Region, By Country: Trends, Opportunities and Forecasts

(2016-2021)

• Global Tungsten Market Outlook - Sizing, Growth and Forecast

• By End-Use Application- Hard Metals, Mill Products, Steel and

Alloys, Chemicals & Others

• By End-User Industries- Automotive, Mining, Construction, Oil &

Gas, Aerospace & Defense and Medical

• By Region- North America, Europe, APAC and ROW

• By Country- U.S., Canada, U.K., Germany, China, India, Japan,

Brazil and Saudi Arabia

January 2017

(c) AZOTH Analytics 2

Tungsten Market (2011-15) Tungsten Market (2016-21) Breakdown-By End-Use Application

(2011-2021) Hard Metals Mill Products Steel and Other Alloys Chemicals and Others Breakdown-By End-User Industries

(2011-2021) Automotive Mining Construction Oil & Gas Aerospace & Defense Medical

Global Coverage Regional Coverage

Global Tungsten Market: Analysis By End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals &

Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By

Region, By Country (2016-2021)

Tungsten Market (2011-15) Tungsten Market (2016-21) North America Tungsten Market-

By Hard Metals North America Tungsten Market-

By Hard Metals, By Finished Products

North America Tungsten Market- By Hard Metals, By End User Industries

Tungsten Market : By End-Use Application (2011-21))

Tungsten Market : By End-User Industries (2011-21)

North America Europe Asia Pacific ROW

Country Coverage

Tungsten Market (2011-15) Tungsten Market (2016-21) Tungsten Market : By End-Use

Application (2011-2021)

U.S. Canada Germany U.K. China India Japan Brazil Saudi Arabia

Company Coverage

Product Benchmarking Financial Analysis

Sales EBIT EBITDA PAT PBT

Business Strategy

Sandvik Group

Kennametal

Sumitomo Electric

Nippon Tungsten Co. LTD.

Naeco LLC.

Toonney Alloy(Xiamen) Co.,Ltd

Federal Carbide Company

Buffalo Tungsten Inc.

g

Global Coverage Regional Coverage Country Coverage

Scope of the Study

Segment Coverage End-Use Application End-User Industries

Region (North America, Europe, APAC and ROW)

Country (U.S., Canada, Germany, U.K., China, India,

Japan, Brazil and Saudi Arabia)


S.No Particulars Page No.

1. Research Methodology 19

2. Executive Summary 20

3. Strategic Recommendation 21

3.1 Increase in the Construction and Mining Activities 22

3.2 Rise in demand from the Aerospace and Defense Industry 23

3.3 Growing Application in the Automotive and Electronics Sector 24

4. Global Tungsten Market Outlook 25

4.1 Product Overview 26

5. Global Tungsten Market: Growth and Forecast 30

5.1 By Value (2011-2015) 31

5.2 By Value (2016-2021) 31

6. Global Tungsten Market-By End-Use Application 38

6.1 Global Tungsten Market-By End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others) : Breakdown(%)

39

6.2 Global Tungsten Market in Hard Metals, By Value 39

6.2.1 By Value (2011-2015) 40

6.2.2 By Value (2016-2021) 40

6.3 Global Tungsten Market for Steel and Other Alloys, By Value 41

6.3.1 By Value (2011-2015) 41

6.3.2 By Value (2016-2021) 41

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S. No Particulars Page No.

6.4 Global Tungsten Market in Mill Products, By Value 42

6.4.1 By Value (2011-2015) 42

6.4.2 By Value (2016-2021) 42

6.5 Global Tungsten Market in Chemical Application, By Value 43

6.5.1 By Value (2011-2015) 43

6.5.2 By Value (2016-2021) 43

6.6 Global Tungsten Market in Other Applications, By Value 44

6.6.1 By Value (2011-2015) 44

6.6.2 By Value (2016-2021) 44

7. Global Tungsten Market-By End-User Industries 45

7.1 Global Tungsten Market-By End-User (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical): Breakdown(%)

46

7.2 Global Tungsten Market in Automotive Industry, By Value 46

7.2.1 By Value (2011-2015) 46

7.2.2 By Value (2016-2021) 46

7.3 Global Tungsten Market in Mining Industry, By Value 49

7.3.1 By Value (2011-2015) 49

7.3.2 By Value (2016-2021) 49

4



7.4 Global Tungsten Market in Construction Industry, By Value 51

7.4.1 By Value (2011-2015) 51

7.4.2 By Value (2016-2021) 51

7.5 Global Tungsten Market in Oil & Gas Industry, By Value 52

7.5.1 By Value (2011-2015) 52

7.5.2 By Value (2016-2021) 52

7.6 Global Tungsten Market in Aerospace & Defense Industry, By Value 54

7.6.1 By Value (2011-2015) 54

7.6.2 By Value (2016-2021) 54

7.7 Global Tungsten Market in Medical Industry, By Value 55

7.7.1 By Value (2011-2015) 55

7.7.2 By Value (2016-2021) 55

8. Global Tungsten Market: Regional Analysis 57

8.1 Global Tungsten Market, By Region: Breakdown (%) 57

8.2 North America Tungsten Market: An Analysis 58

8.2.1 By Value (2011-2015) 59

8.2.2 By Value (2016-2021) 59

8.3 North America Tungsten Market: By End-Use Application 60

8.3.1 North America Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 61



8.3.2 North America Tungsten Market, By End-Use Application, By Value, 2016-2021 (USD Million) 62

8.3.3 North America Tungsten Market, By Hard Metals, By Finished Products, By Value (2011-2021) 63

8.3.4 North America Tungsten Market, By Hard Metals, By End-User Industries, By Value (2011-2021) 64

8.4 North America Tungsten Market: By End-User Industries 65

8.4.1 North America Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 68

8.4.2 North America Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 69

8.5 North America Tungsten Market Drivers 70

8.6 North America Tungsten Market: Country Analysis (U.S. & Canada) 74

8.6.1 U.S. Tungsten Market, By Value (2011-2021) 75

8.6.1.1 U.S. Tungsten Market, By End-Use Application, By Value (2011-2021) 77

8.7.1 Canada Tungsten Market, By Value (2011-2021) 78

8.7.1.1 Canada Tungsten Market, By End-Use Application, By Value (2011-2021) 78

8.7 Europe Tungsten Market: An Analysis 81

8.7.1 By Value (2011-2015) 83

8.7.2 By Value (2016-2021) 83

8.8 Europe Tungsten Market: By End-Use Application 84

8.8.1 Europe Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 85

8.8.2 Europe Tungsten Market, By End-Use Applications, By Value, 2016-2021 (USD Million) 86

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8.9 Europe Tungsten Market: By End-User Industries 87

8.9.1 Europe Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 88

8.9.2 Europe Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 89

8.10 Europe Tungsten Market Drivers 90

8.11 Europe Tungsten Market: Country Analysis (U.S. & Canada) 93

8.11.1 Germany Tungsten Market, By Value (2011-2021) 94

8.11.1.1 Germany Tungsten Market, By End-Use Application, By Value (2011-2021) 94

8.11.2 U.K. Tungsten Market, By Value (2011-2021) 94

8.11.2.1 U.K. Tungsten Market, By End-Use Application, By Value (2011-2021) 96

8.11.3 Rest of Europe Tungsten Market, By Value (2011-2021) 100

8.12 Asia Pacific Tungsten Market: An Analysis 101

8.12.1 By Value (2011-2015) 103

8.12.2 By Value (2016-2021) 103

8.13 APAC Tungsten Market: By End-Use Application 104

8.13.1 APAC Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 105

8.13.2 APAC Tungsten Market, By End-Use Applications, By Value, 2016-2021 (USD Million) 106

8.14 APAC Tungsten Market: By End-User Industries 107

8.14.1 APAC Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 108

8.14.2 APAC Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 109

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8.15 Asia Pacific Tungsten Market Driver 110

8.16 APAC Tungsten Market: Country Analysis (China, India, Japan and Rest of Asia Pacific) 112

8.16.1 China Tungsten Market, By Value (2011-2021) 113

8.16.1.1 China Tungsten Market, By End-Use Application, By Value (2011-2021) 119

8.16.2 India Tungsten Market, By Value (2011-2021) 120

8.16.2.1 India Tungsten Market, By End-Use Application, By Value (2011-2021) 120

8.16.3 Japan Tungsten Market, By Value (2011-2021) 123

8.16.3.1 Japan Tungsten Market, By End-Use Application, By Value (2011-2021) 123

8.16.4 Rest of Asia Pacific Tungsten Market, By Value (2011-2021) 125

8.17 Rest of the World Tungsten Market: An Analysis 125

8.17.1 By Value (2011-2015) 125

8.17.2 By Value (2016-2021) 125

8.18 RoW Tungsten Market: By End-Use Application 126

8.18.1 RoW Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 127

8.18.2 RoW Tungsten Market, By End-Use Applications, By Value, 2016-2021 (USD Million) 128

8.19 RoW Tungsten Market: By End-User Industries 129

8.19.1 RoW Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 130

8.19.2 RoW Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 131

8.20 Rest of the World Tungsten Market: Country Analysis (Brazil and Saudi Arabia) 132

8



8.20.1 Brazil Tungsten Market, By Value (2011-2021) 133

8.20.1.1 Brazil Tungsten Market: By End-Use Application, By Value (2011-2021) 134

8.20.2 Saudi Arabia Tungsten Market, By Value (2011-2021) 135

8.20.2.1 Saudi Arabia Tungsten Market: By End-Use Application, By Value (2011-2021) 136

9. Market Dynamics 141

9.1 Global Tungsten Market Growth Drivers 142

9.2 Global Tungsten Market Restraints 147

10. Market Trends 150

11. Porter’s Five Forces Analysis – Tungsten Market 154

12. SWOT Analysis –Tungsten Market 156

13. Value Chain Analysis 158

14. Policy and Regulatory Landscape 160

15. Company Profiling 165

15.1 Sandvik AB 166

15.2 Kennametal Inc. 169

15.3 Sumitomo Electric Industries, Ltd. 172

15.4 Nippon Tungsten Co., Ltd 175

15.5 NAECO, LLC. 176



15.6 Toonney Alloy(Xiamen) Co.,Ltd. 177

15.7 Federal Carbide Company 178

15.8 Buffalo Tungsten Inc. 179

16. About Us 180

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List of Figures

Figure No. Figure Title Page No.

Figure 1: Tungsten Consumption, By End-Use Application 28

Figure 2: Tungsten Consumption in End-User Industries 29

Figure 3: Global Tungsten Market Size, By Value, 2011-2015 (USD Million) 31

Figure 4: Global Tungsten Market Size, By Value, Forecast, 2016-2021(USD Million) 31

Figure 5: Global Tungsten Production, 2011-2015 (Metric Tons) 32

Figure 6: Global Tungsten Mine Production, By Major Countries, 2014-2015(%) 33

Figure 7: Major Tungsten Producing Companies Worldwide 34

Figure 8: Global Tungsten Demand, By Region (%) 36

Figure 9: Tungsten Price Forecast (USD per MTU) 37

Figure 10: Global Tungsten Market Size, By End-Use Application, By Value 2015 (%) 39

Figure 11: Global Tungsten Market Size, By End-Use Application, By Value 2021F (%) 39

Figure 12: Global Tungsten Market in Hard Metals, By Value, 2011-2015 (USD Million) 40

Figure 13: Global Tungsten Market in Hard Metals, By Value, Forecast, 2016-2021(USD Million) 40

Figure 14: Global Tungsten Market in Steel and Other Alloys, By Value, 2011-2015 (USD Million) 41

Figure 15: Global Tungsten Market in Steel and Other Alloys, By Value, Forecast, 2016-2021(USD Million) 41

Figure 16: Global Tungsten Market in Other Applications, By Value, 2011-2015 (USD Million) 42

Figure 17: Global Tungsten Market in Other Applications, By Value, Forecast, 2016-2021(USD Million) 42

Figure 18: Global Tungsten Market Size, By End-User Industries, 2015 (%) 43

Figure 19: Global Tungsten Market Size, By End-User Industries 2021F (%) 43

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List of Figures


Figure 20: Global Tungsten Market in Automotive Industry, By Value, 2011-2015 (USD Million) 44

Figure 21: Global Tungsten Market in Automotive Industry, By Value, Forecast, 2016-2021(USD Million) 44

Figure 22: World Automotive Sales, By region (2015) 46

Figure 23: Global Vehicle Production, 2011-2015 (Million Units) 46

Figure 24: Global Tungsten Market in Mining Industry, By Value, 2011-2015 (USD Million) 47

Figure 25: Global Tungsten Market in Mining Industry, By Value, Forecast, 2016-2021(USD Million) 47

Figure 26: Global Mining Production, By Region (%) 48

Figure 27: Global Mining Production, 2011-2014 (Billion Metric Tons) 48

Figure 28: Global Tungsten Market in Construction Industry, By Value, 2011-2015 (USD Million) 49

Figure 29: Global Tungsten Market in Construction Industry, By Value, Forecast, 2016-2021(USD Million) 49

Figure 30: Global Tungsten Market in Oil & Gas Industry, By Value, 2011-2015 (USD Million) 50

Figure 31: Global Tungsten Market in Oil & Gas Industry, By Value, Forecast, 2016-2021(USD Million) 50

Figure 32: Global Rig Count, By Region (%) 51

Figure 33: Global Rig Count (Numbers 51

Figure 34: Global Tungsten Market in Aerospace & Defence Industry, By Value, 2011-2015 (USD Million) 52

Figure 35: Global Tungsten Market in Aerospace & Defence Industry, By Value, Forecast, 2016-2021(USD Million) 52

Figure 36: Global Tungsten Market in Medical Industry, By Value, 2011-2015 (USD Million) 53

Figure 37: Global Tungsten Market in Medical Industry, By Value, Forecast, 2016-2021(USD Million) 53

Figure 38: Global Tungsten Market Share, By Region, 2015 (%) 54

Figure 39: Global Tungsten Market Share, By Region, 2021F (%) 54

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List of Figures

Figure No.

Figure Title Page No.

Figure 40: North America Tungsten Market, By Value, 2011-2015 (USD Million) 55

Figure 41: North America Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 55

Figure 42: North America Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 57

Figure 43: North America Tungsten Market, By End-Use Application, By Value, 2016-2021 (USD Million) 57

Figure 44: North America Tungsten Market, By Hard Metals, By Finished Products, By Value, 2011-2015 (USD Million) 59

Figure 45: North America Tungsten Market, By Hard Metals, By Finished Products, By Value, 2011-2015 (USD Million) 59

Figure 46: North America Tungsten Market, By Hard Metals, By End-User Industries, By Value, 2011-2015 (USD Million) 61

Figure 47: North America Tungsten Market, By Hard Metals, By End-User Industries, By Value, 2016-2021 (USD Million) 62

Figure 48: North America Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 63

Figure 49: North America Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 64

Figure 50: Total Vehicle Production in North America, 2011-2015 (Million Units) 65

Figure 51: North America’s Share in Global Vehicle Output (%) 66

Figure 52: North America GDP, 2011-2015 (USD Trillion) 68

Figure 53: Global Defense Expenditure, By Region (%) 69

Figure 54: North America Crude Oil Production 2011-2015 (Million Barrel per day) 71

Figure 55: U.S Shale Gas Production 2011-2015 (Trillion Cubic Feet) 71

Figure 56: U.S. Tungsten Market, By Value, 2011-2015 (USD Million) 72

Figure 57: U.S. Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 72

Figure 58: U.S Oil Rig Count (Number) 73

Figure 59: U.S Motor Vehicle Production 2011-2015 (Million Units) 73

Figure 60: U.S. Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 75

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List of Figures


Figure 61: Canada Tungsten Market, By Value, 2011-2015 (USD Million) 75

Figure 62: Canada Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 76

Figure 63: Canadian Mineral Production, By Territory 76

Figure 64: Canada Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 77

Figure 65: Tungsten Companies in Spain, Portugal and the United Kingdom 77

Figure 66: Europe Tungsten Market, By Value, 2011-2015 (USD Million) 78

Figure 67: Europe Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 78

Figure 68: Europe Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 79

Figure 69: Europe Tungsten Market, By End-Use Applications, By Value, 2016-2021 (USD Million) 80

Figure 70: Europe Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 82

Figure 71: Europe Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 83

Figure 72: European Aerospace and Defense Revenue, 2011-2015 (USD Billion) 83

Figure 73: EU Healthcare Expenditure Per Capita, 2012-2014 (USD) 85

Figure 74: Germany Tungsten Market, By Value, 2011-2015 (USD Million) 86

Figure 75: Germany Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 88

Figure 76: Germany Automobile Production, 2012-2015 (Million Units) 89

Figure 77: EU Construction Output, By Country 2015 (%) 92

Figure 78: Germany Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 92

Figure 79: Germany Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 94

Figure 80: U.K Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 94

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List of Figure


Figure 81: U.K Automobile Production, 2011-2015 (Million Units) 95

Figure 82: U.K. Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 95

Figure 83: Rest of Europe Tungsten Market, By Value, 2011-2015 (USD Million) 96

Figure 84: Rest of Europe Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 97

Figure 85: Asia Pacific Tungsten Market, By Value, 2011-2015 (USD Million) 97

Figure 86: Asia Pacific Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 98

Figure 87: APAC Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 99

Figure 88: APAC Tungsten Market, By End-Use Applications, By Value, 2016-2021 (USD Million) 100

Figure 89: APAC Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 100

Figure 90: APAC Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 103

Figure 91: Passenger Car Production in Asia Pacific, 2015 (Units) 103

Figure 92: APAC Healthcare Expenditure Per Capita, 2011-2014 (% of GDP) 105

Figure 93: China Tungsten Market, By Value, 2011-2015 (USD Million) 106

Figure 94: China Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 108

Figure 95: Major Chinese Tungsten Producers 109

Figure 96: China GDP Per Capita, 2011-2015 (USD) 111

Figure 97: China Automobile Production, 2011-2015 (Million Units) 112

Figure 98: China Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 114

Figure 99: India Tungsten Market, By Value, 2011-2015 (USD Million) 115

Figure 100: India Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 116

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List of Figure Figure No. Figure Title Page

No.

Figure 101: India GDP Per Capita, 2011-2015 (USD) 117

Figure 102: India Automobile Production, 2011-2015 (Million Units) 119

Figure 103: India Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 120

Figure 104: Japan Tungsten Market, By Value, 2011-2015 (USD Million) 120

Figure 105: Japan Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 121

Figure 106: Japan Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 121

Figure 107: Rest of Asia Pacific Tungsten Market, By Value, 2011-2015 (USD Million) 122

Figure 108: Rest of Asia Pacific Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 123

Figure 109 Rest of the World Tungsten Market, By Value, 2011-2015 (USD Million) 123

Figure 110: Rest of the World Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 124

Figure 111: Middle east and Africa Total Oil Rig Count (Number) 125

Figure 112: Middle East and North Africa Healthcare Expenditure,2011-2014 (% of GDP) 125

Figure 113: RoW Tungsten Market, By End-Use Application, By Value, 2011-2015 (USD Million) 127

Figure 114: RoW Tungsten Market, By End-Use Application, By Value, 2016-2021 (USD Million) 127

Figure 115: RoW Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million) 128

Figure 116: RoW Tungsten Market, By End-User Industries, By Value, 2016-2021 (USD Million) 128

Figure 117: Brazil Tungsten Market, By Value, 2011-2015 (USD Million) 130

Figure 118: Brazil Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 131

Figure 119: Construction Enterprises in Brazil, By Activity (%) 133

Figure 120: Brazil Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 134

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List of Figure


Figure 121: Saudi Arabia Tungsten Market, By Value, 2011-2015 (USD Million) 136

Figure 122: Saudi Arabia Tungsten Market, By Value, Forecast, 2016-2021 (USD Million) 136

Figure 123: Saudi Arabia Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million) 137

Figure 124: Sandvik AB Sales, 2011-2015 (USD Billion) 166

Figure 125: Sandvik AB Sales, By Business Segment, 2015 (%) 168

Figure 126: Sandvik AB Sales, By End-User Industries, 2015 (%) 168

Figure 127: Sandvik AB Sales, By Region, 2015 (%) 168

Figure 128: Kennametal Inc. Sales, 2011-2015 (USD Billion) 169

Figure 129: Kennametal Inc. Sales, By Business Segment, 2015 (%) 171

Figure 130: Kennametal Inc. Sales, By End-User Industries, 2015 (%) 171

Figure 131: Kennametal Inc. Sales, By Region, 2015 (%) 171

Figure 132: Sumitomo Electric Industries, Ltd.. Sales, By Business Segment, 2015 (%) 174

Figure 133: Sumitomo Electric Industries, Industrial Material Sales, By End-Products, 2015 (%) 174

Figure 134: Sumitomo Electric Industries, Ltd. Sales, By Region, 2015 (%) 174

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List of Tables

18

Table No. Table Title Page No.

Table 1: Properties of Tungsten Minerals 27

Table 2: Major Tungsten Mining Projects in Asia Pacific Region 35

Table 3: Europe Automotive Production, 2015 (Million Units) 91

Table 4: Major Tungsten Mining Projects in Asia Pacific Region 102

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Research Methodology

Research Definition

• The Global Tungsten Market Report comprises of the study of various aspects of Tungsten Market and

forecast until 2021. Global Tungsten Market has been segmented on basis of End-Use Application (Hard

Metals, Mill Products, Steel and Alloys, Chemicals & Others); By End-User Industries (Automotive, Mining,

Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and

ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia)

Data Analysis and Interpretation

• Our historic market trend has been figured out by various paid databases which was further triangulated with

inputs and insights from industry experts, companies and stakeholders, through primary research

(manufacturers, marketing managers, others). Back-of-the-Envelope calculation for the market estimation

has been made through proper understanding of the market as well as future business strategies of the

companies operating in the market.

Azoth Analytics has conducted quantitative as well as qualitative research to gather market insights such as market sizing, market

segmentation, recent trends and developments and competitive landscape. Our team has conducted extensive primary surveys by

reaching out industry experts across the value chain of the chemical sensors market.

For Forecasting purpose we have accessed some of the paid databases such as Bloomberg, Reuters, Factiva, Hoovers etc.

Companies Contacted: Masan Group, Sandvik, Kennametal

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Global Tungsten Market

Xx

Xx

Xx

Xx

Xx

Xx

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Source: Azoth Analytics Estimates

20

Figure 3: Global Tungsten Market Size, By Value,

2011-2015 (USD Million)

CAGR 2011-2015

x%

CAGR 2016-2021

x%

Figure 4: Global Tungsten Market Size, By Value,

Forecast, 2016-2021(USD Million)

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Global Market Overview

Project Name Location Producer Annual Capacity (Tons)

Barruecopardo Tungsten Project

Sangdong Tungsten Molybdenum Project

The Dolphin Project

Mt Carbine

Molyhil Tungsten and Molybdenum Project

Sisson Tungsten-moly project

Nui Phao Project

Table 2: Major Tungsten Mining Projects Worldwide

21

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Global Tungsten Market in Hard Metals, By Value

22

Figure 12: Global Tungsten Market in Hard Metals, By

Value, 2011-2015 (USD Million)


CAGR 2011-2015

x%

CAGR 2016-2021

x%

Figure 13: Global Tungsten Market in Hard Metals, By

Value, Forecast, 2016-2021(USD Million)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Xx

Xx

Xx

Xx

Xx

Xx

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Global Tungsten Market, By End-User Industries

23

Figure 18: Global Tungsten Market Size, By End-

User Industries, 2015 (%)


Figure 19: Global Tungsten Market Size, By

End-User Industries 2021F (%)

Automotive

Mining

Construction

Oil & Gas

Aerospace &

Defense

Medical

Automotive

Mining

Construction

Oil & Gas

Aerospace &

Defense

Medical

Xx

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

North America Tungsten Market, By Hard Metals, By Finished Products, By Value

24

Figure 44: North America Tungsten Market, By Hard Metals, By Finished Products, By Value, 2011-2015 (USD

Million)


2011 2012 2013 2014 2015

Cutting Tools and Inserts Wear Parts

Large Drills Small and Micro Drills

Honing Tools Cemented Carbide Supported Superhard Tools

CAGR 2011-2015 Cutting Tools and Inserts: x%

Wear Parts: x% Large Drills: x%

Small and Micro Drills: x% Honing Tools: x%

Cemented Carbide Supported Superhard Tools: x%

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

North America Tungsten Market, By End-User Industries, By Value

25

Figure 48: North America Tungsten Market, By End-User Industries, By Value, 2011-2015 (USD Million)


2011 2012 2013 2014 2015

Automotive Mining Construction Oil & Gas Aerospace & Defense Medical

CAGR 2011-2015 Automotive: x%

Mining: x% Construction: x%

Oil & Gas: x% Aerospace & Defense: x%

Medical: x%

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

U.S. Tungsten Market, By End-Use Application, By Value

26

Figure 60: U.S. Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million)


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Hard Metals Steel and Other Alloys Mill Products Chemical Other

CAGR 2011-2015 Hard Metals: x%

Steel and Other Alloys: x% Mill Products: x%

Chemical: x% Other: x%




Xx

Xx

Xx

Xx

(c) AZOTH Analytics

China Tungsten Market, By End-Use Application, By Value

27

Figure 98: China Tungsten Market, By End-Use Application, By Value, 2011-2021 (USD Million)


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Hard Metals Steel and Other Alloys Mill Products Chemical Other




CAGR 2016-2021 Hard Metals: %



Xx

Xx

Xx

Xx


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Global Tungsten Market: Analysis By End-Use …...2017/01/27 · (2016-2021) •Global Tungsten...

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