Global Tungsten Market is forecasted to grow at a CAGR of 4.25% during 2016 – 2021. Strong growth in tungsten market is driven by the surging demand for downstream tungsten products in varied end-user sectors including automotive, industrial engineering, energy, and aviation. Apart from that, the uncovering of the wide range of applications in allied industries like medical, defense and electric and electronic, has been impelling growth in the tungsten market.
According to Azoth Analytics research report, Global Tungsten Market (By End-Use Application, By End-User Industries, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021), market is projected to exhibit a CAGR of 4.25% during 2016 – 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).
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Scope of the Report:
The report provides coverage By End-Use Application and By End-User Industries:
|By End-Use Application||By End-User Industries|
|Steel and Other Alloys||Mining|
|Chemical||Oil & Gas|
|Other||Aerospace and Defense|
The report provides coverage by Region
• North America
The report provides coverage by Country
• South Korea
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– Primary Research: Interviews conducted with key management people to gain quality responses and deeper insights.
– Secondary Research: Data and insights from industry associations, annual reports, company presentations, premium journals and internal database.
– Actual Period: Historical and current market sizing (2011-2015)
– Forecast Period: Projected market sizing (2016E-2021F)
– Companies Covered: Sandvik AB, Kennametal Inc., Sumitomo Electric Industries, Ltd., Nippon Tungsten Co., Ltd, NAECO, LLC., Toonney Alloy(Xiamen) Co.,Ltd., Federal Carbide Company, Buffalo Tungsten Inc
– Srategic Recommendations
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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