MARKET OVERVIEW
Refractory metals are a class of metals known for their high melting points and resistance to corrosion and abrasion. This group includes tungsten, molybdenum, rhenium, tantalum, and niobium and is used across various industries such as aerospace, electronics, chemical processing, and energy production. The aerospace and defence sector significantly uses refractory metals in high-temperature applications such as turbine engines and heat exchangers. Furthermore, the increasing popularity of electric vehicles and the growing usage of refractory metals in lithium-ion battery production is expected to drive market growth.
MARKET DYNAMICS
The refractory metals market is anticipated to grow in the forecast period owing to driving factors such as high demands from the steel industry in the construction of furnace and the electrical and electronics industry in filaments and coils. Increased applications of the product in carbide and wear parts further fuels the growth of the refractory metals market. However, poor fabricable characteristic of the product at lower temperatures and high oxidizability at high temperatures are major restraining factors for the refractory metals market.
MARKET SCOPE
The "Global Refractory Metals Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of refractory metals market with detailed market segmentation by type, end-use industry, and geography. The global refractory metals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refractory metals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global refractory metals market is segmented on the basis of type and end-use industry. Based on type, the market is segmented as molybdenum, tungsten, niobium, tantalum, and rhenium. On the basis of the end-use industry, the market is segmented as steel industry, electronics & electrical, chemical industry, medical industry, aerospace and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global refractory metals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The refractory metals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting refractory metals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the refractory metals market in these regions.
MARKET PLAYERS
The reports cover key developments in the refractory metals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from refractory metals market are anticipated to witness lucrative growth opportunities in the future with the rising demand for refractory metals in the global market. Below mentioned is the list of few companies engaged in the refractory metals market.
The report also includes the profiles of key refractory metals companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- A.L.M.T. Corp.
- CBMM (COMPANHIA BRASILEIRA DE METALURGIA E MINERAÇÃO)
- China Molybdenum Co., Ltd.
- Global Advanced Metals Pty Ltd
- Global Tungsten & Powders Corp.
- H.C. Starck GmbH
- Ningxia Orient Tantalum Industry Co. Ltd (OTIC)
- Plansee SE
- Rhenium Alloys, Inc.
- Tejing Tungsten, Inc.