Refractory Metals Market Brief Analysis and Application, Growth by 2025


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This report studies the global Refractory Metals market status and forecast, categorizes the global Refractory Metals market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & 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. The refractory metals market in Southeast Asia is dominated by local manufacturers and leading global manufacturers. Tejing Tungsten, Sanher Tungste and H.C. Starck are leaders in the Southeast Asian market because these companies are local manufacturers.

From a global perspective, the reserves and production of refractory metals in Southeast Asia are very small. China, Brazil, Chile and the United States are the main production areas of refractory metals Southeast Asia needs to import refractory metals from these areas. Compared with the United States, Japan, China and Europe, Southeast Africa refractory metals consumption is very small.

Although there are twelve refractory metals, only five are widely used: Tungsten, Molybdenum, Niobium, Tantalum and Rhenium. Other refractory metals are iridium, hafnium,osmium and so on. Iridium and osmium also belong to the platinum group of precious metals, and all three are very expensive to produce, precluding their use to very specialized applications such as nozzles for ceramic fiber production. At present, in the Southeast Asian market, Molybdenum Metal and Tungsten Metal occupy an absolute market share. In the 2016 consumption structure, Tungsten Metal accounted for 85.90% of the consumption share. As Southeast Asia does not have a complete aviation and aerospace industry, Southeast Asia's demand for Rhenium Metal is very small.

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Refractory metals are widely used. Steel Industry, Electronics and Electrical Industry, Carbide Tools and Wear Parts are the main applications of refractory metals. In 2016, Carbide Tools and Wear Parts accounted for 56.71% of the consumption share.

Currently, the global manufacturing industry gradually shifted to Southeast Asia. Especially in the electronics industry, many Japan, the United States and Chinese manufacturers have already established production plants in Southeast Asia. In addition, the nuclear power industry and the medical industry in Southeast Asia will continue to drive the growing demand for refractory metals.

The global Refractory Metals market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.

 

The major players covered in this report

    Tejing Tungsten

    Sanher Tungste

    H.C. Starck

    A.L.M.T.

    Plansee Group

    CBMM

    Molymet

    Codelco

    JDC

    CMOC

    Conghua Tantalum & Niobium Smeltery

    FuJian JinXin Tungsten

    Treibacher Industrie

    Wolfram

    Climax Molybdenum

    Global Advanced Metals

    TaeguTec

    JXTC

    Wolfmet

    Ningxia Orient Tantalum Industry

 

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

    United States

    Europe

    China

    Japan

    Southeast Asia

    India

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