Global Tungsten Market Growth 2025-2031

Global Tungsten Market Growth 2025-2031

The global Tungsten market size is predicted to grow from US$ 1253 million in 2025 to US$ 1887 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Tungsten (CAS 7440-33-7) is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.

China is the largest Tungsten (CAS 7440-33-7) market with about 62% market share. North America is follower, accounting for about 13% market share.

The key players are Xiamen Tungsten, Chongyi ZhangYuan Tungsten, GuangDong XiangLu Tungsten, Global Tungsten & Powders, China Tungsten & Hightech, JXTC, Japan New Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Ganzhou Haichuang Tungsten, Kennametal, A.L.M.T. Corp, Ganzhou Yatai Tungsten, Wolfram Company JSC, Treibacher Industrie, H.C. Starck, TaeguTec Ltd, Eurotungstene (Umicore), Buffalo Tungsten etc. Top 3 companies occupied about 40% market share.

LP Information, Inc. (LPI) ' newest research report, the “Tungsten Industry Forecast” looks at past sales and reviews total world Tungsten sales in 2024, providing a comprehensive analysis by region and market sector of projected Tungsten sales for 2025 through 2031. With Tungsten sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tungsten industry.

This Insight Report provides a comprehensive analysis of the global Tungsten 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 Tungsten portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tungsten market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tungsten 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 Tungsten.

This report presents a comprehensive overview, market shares, and growth opportunities of Tungsten market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Up to 1μm
1-10μm
10-50μm
Others

Segmentation by Application:
Cemented Carbide
Tungsten Mill Products
Steel and Alloy
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 analysing the company's coverage, product portfolio, its market penetration.
Xiamen Tungsten
Chongyi ZhangYuan Tungsten
GuangDong XiangLu Tungsten
Global Tungsten & Powders
China Tungsten & Hightech
JXTC
Japan New Metals
Jiangxi Yaosheng Tungsten
China Molybdenum
Ganzhou Haichuang Tungsten
Kennametal
A.L.M.T. Corp
Ganzhou Yatai Tungsten
Wolfram Company JSC
Treibacher Industrie
H.C. Starck
TaeguTec Ltd
Eurotungstene (Umicore)
Buffalo Tungsten

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tungsten market?

What factors are driving Tungsten market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tungsten market opportunities vary by end market size?

How does Tungsten break out by Type, by Application?