Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Refractory Metals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Refractory Metals. This report contains market size and forecasts of Refractory Metals in global, including the following market information:
Global Refractory Metals Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Refractory Metals Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Refractory Metals companies in 2022 (%)
The global Refractory Metals market was valued at US$ 1413.8 million in 2022 and is projected to reach US$ 1625.1 million by 2029, at a CAGR of 2.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Refractory Metals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Refractory Metals Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Refractory Metals Market Segment Percentages, by Type, 2022 (%)
Molybdenum Metal
Tungsten Metal
Niobium Metal
Tantalum Metal
Rhenium Metal
Global Refractory Metals Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Refractory Metals Market Segment Percentages, by Application, 2022 (%)
Steel Industry
Electronics and Electrical Industry
Carbide Tools and Wear Parts
Aerospace
Others
Global Refractory Metals Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Refractory Metals Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Refractory Metals revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Refractory Metals revenues share in global market, 2022 (%)
Key companies Refractory Metals sales in global market, 2018-2023 (Estimated), (MT)
Key companies Refractory Metals sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Refractory Metals, market overview.
Chapter 2: Global Refractory Metals market size in revenue and volume.
Chapter 3: Detailed analysis of Refractory Metals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Refractory Metals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Refractory Metals capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
