Global Refractory Metals Market Growth 2023-2029

Global Refractory Metals Market Growth 2023-2029

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. All but Rhenium have a body-centered cubic structure. Despite the fact that refractory metals have many similar qualities-such as high density, resistance to wear and corrosion-each metal is different in its own way, providing each with its own individual combination of qualities. Many of these individual qualities are rather unique, such as an ability to combine with gases and then release them under heat. Alloys containing varying amounts of refractory metals are vital to virtually every major industry, including automotive, mining, aerospace, chemical and petroleum processing, electrical and electronics, medical electronics and prosthetics, metal processing, nuclear technology and ordnance.
LPI (LP Information)' newest research report, the “Refractory Metals Industry Forecast” looks at past sales and reviews total world Refractory Metals sales in 2022, providing a comprehensive analysis by region and market sector of projected Refractory Metals sales for 2023 through 2029. With Refractory Metals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refractory Metals industry.
This Insight Report provides a comprehensive analysis of the global Refractory Metals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Refractory Metals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Refractory Metals market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refractory Metals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Refractory Metals.
The global Refractory Metals market size is projected to grow from US$ 1344.1 million in 2022 to US$ 1563 million in 2029; it is expected to grow at a CAGR of 1563 from 2023 to 2029.
Global Refractory Metals key players include Xiamen Tungsten, CMOC, Molymet, H.C. Starck, A.L.M.T., etc. China is the largest market, with a share about 40%, followed by North America, with a share about 30 percent. In terms of product, Molybdenum Meta is the largest segment, with a share about 50%. And in terms of application, the largest application is Steel Industry, followed by Electronics and Electrical Industry, Carbide Tools and Wear Parts, and Aerospace.
This report presents a comprehensive overview, market shares, and growth opportunities of Refractory Metals market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Molybdenum Metal
Tungsten Metal
Niobium Metal
Tantalum Metal
Rhenium Metal
Segmentation by application
Steel Industry
Electronics and Electrical Industry
Carbide Tools and Wear Parts
Aerospace
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Xiamen Tungsten
CMOC
Molymet
H.C. Starck
A.L.M.T.
Global Tungsten & Powders
CBMM
Codelco
JDC
Rising Rare Metals EO-Materials
WOLFRAM JSC
Treibacher Industrie
Climax Molybdenum
Global Advanced Metals
Ningxia Orient Tantalum Industry
Rhenium Alloys
ATI
Key Questions Addressed in this Report
What is the 10-year outlook for the global Refractory Metals market?
What factors are driving Refractory Metals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Refractory Metals market opportunities vary by end market size?
How does Refractory Metals break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.