World Tungsten Market to Post 4.25% CAGR to 2021, Projects Azoth Analytics in Its Topical Report Available at MarketPublishers.com13 Feb 2017 • by Natalie Aster
LONDON – The world tungsten market is projected to gather speed at a 4.25% CAGR up to 2021, driven mainly by a hike in the demand for downstream tungsten products in the automotive, industrial construction, energy, and airline sectors. Further, the market owes its growth to the detection of the vast scope of applications in auxiliary industries such as defense, electric and electronic, and medical.
Among all applications, hard metals presently account for the major share of the global tungsten market; however, use of tungsten for mill products is set to see most rapid growth in the offing owing to the growing application in high-growth construction and electronic industries.
Region-wise, demand for tungsten is poised to see the fastest growth in the APAC region due to economic progress in emerging markets. Mealtime, North America and Europe will likely witness stable growth, mainly against the backdrop of increased spending on the engineering and automotive sectors.
Topical research report “Global Tungsten Market” drawn up by Azoth Analytics is a indispensable source of complete information on the market for tungsten. The study categorises the market based on end-user application, end-use industries and based on geographic region and by country.
The research report presents detailed market size estimates and forecasts by value for the overall market and each segment. It reviews the main factors driving and limiting the growth of the global tungsten market; keeps track of the major trends. It includes Porter’s five forces analysis, SWOT analysis, an analysis of the value chain, and shrewd insights into the policy and regulatory landscape. Furthermore, the study discusses the competitive scenario in the marketplace and offers profiling of 9 prominent players in the field.
Other insightful reports by Azoth Analytics can be found at its page at MarketPublishers.com.