World Tungsten

World demand for processed tungsten will rise 4.2 percent yearly to 146,400 metric tons in 2019. The Asia/Pacific region, led by China, will continue to dominate supply and consumption, while India will be the fastest growing market. Tungsten alloys will pace gains by product, while cemented carbides remain the largest segment.This study analyzes the 119,100 metric ton world tungsten industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (e.g., cemented carbides, tungsten alloys, tungsten mill products, tungsten chemicals) for six world regions and 16 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 22 industry players, including Sandvik, Jiangxi Rare Earth, and Rare Metals Tungsten Group.