The global Refractory Metals market was valued at 138.47 Million USD in 2020 and will grow with a CAGR of 1.71% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report” Global and Regional Refractory Metals Industry Status and Prospects Professional Market Research Report Standard Version 2021-2027” is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Refractory metals have one characteristic in common: an exceptionally high melting point. Tungsten, for example, melts at 3410oC (6170oF), which is more than double that of iron and ten times that of lead. As a group, they are found in one section of the periodic table of elements. Although there are twelve refractory metals, only five are widely used: Tungsten, Molybdenum, Niobium, Tantalum and Rhenium.Refractory metals are unique. As a group they provide a number of unique characteristics-such as resistance to high heat, corrosion and wear-making them useful in a multitude of applications. Refractory metals are extracted from ore concentrates, processed into chemicals and then into powders. The powders are consolidated into finished products or mill shapes and ingots for further processing. In the past few years, the consumption of refractory metals in Southeast Asia has a large fluctuation. Xiamen Tungsten, CMOC, Molymet, H.C. Starck, A.L.M.T., Global Tungsten & Powders and JDC are major players in the global market. Xiamen Tungsten is a global market leader. In 2017, Xiamen Tungste has a market share of 23.65%.With its rich local mineral resources, the world’s leading manufacturers are located in China and South America.
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By Market Verdors:
Global Tungsten & Powders
Rising Rare Metals EO-Materials
WOLFRAM Company JSC
Global Advanced Metals
Ningxia Orient Tantalum Industry
Electronics and Electrical Industry
Carbide Tools and Wear Parts
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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