Global Tungsten Market – Industry Analysis and Forecast (2020-2027)

Vivekthorat31 Aug, 2020Business

Global Tungsten Market was valued US$ XX Bn in 2019 and is projected to reach US$ XX Bn by 2027 at a CAGR of XX %. Growing end use industries such as automotive, aerospace and electrical and electronics and increase in the demand of wear resistant materials is anticipated to drive the global tungsten market. Tungsten is used in electronic and electrical components such as electron emitters, lead-in wires and electrical contacts leading to the increase in global tungsten market. Tungsten is also used in the fabrication of carbides, which are popularly used as cutting tools, drill bits, and for other such high strength and high temperature applications. Pure tungsten are used in the electronic industry whereas salts, sulfides, or oxides obtained from the product finds usage in the chemical industry in manufacturing lubricants, catalysts, etc. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters