NEWS

Global Tungsten Metal Market Insights

The global tungsten metal market is growing due to increasing demand from aerospace, electronics, and manufacturing sectors. Tungsten's unique properties, such as high melting point and excellent electrical conductivity, make it essential for various applications. The market is expected to grow at a CAGR of 3.1% from 2025 to 2032. Key drivers include high demand from the hard metals industry, electronics, and aerospace applications. The market faces challenges such as high production costs, environmental regulations, and supply concentration risks. However, opportunities exist in emerging applications like advanced batteries, fusion reactors, and additive manufacturing. Recycling initiatives can also support stable supply and circular economy goals. Major companies in the market include Almonty Industries, China Minmetals Corporation, and Global Tungsten and Powders Corporation.