As per this study the Global Refractory Metal Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Refractory metals are the special class of the metals characterized by extraordinary resistance to extreme heat and wear. Metals like tungsten, molybdenum, niobium, rhenium, and others are considered as refractory metals. These metals are used in the construction of high-temperature furnace, nuclear reaction control rods, capacitor anodes, filaments, casting molds, heat exchanger coils, and others.
Rising demand for refractory metal owing to their unique characteristics is driving the market growth. Growing demand for construction of furnace, reaction controller rods, filaments, coils are also pushing the market growth. Growing demand from aerospace, electronics, the steel-manufacturing industry is further boosting the growth of this market. On the other hand, limitations such as poor fabricability at a lower temperature and extreme oxidability at elevated temperature may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of refractory metal.
The broad refractory metal market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Molybdenum Metal
- Tungsten Metal
- Niobium Metal
- Tantalum Metal
- Rhenium Metal
- Steel Industry
- Electronics & Electrical Industry
- Carbide Tools & Wear Parts
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for refractory metal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Refractory Metal Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the refractory metal market include A.L.M.T., ATI, CBMM, Climax Molybdenum, CMOC, Codelco, Global Advanced Metals, Global Tungsten & Powders, H.C. Starck, JDC, Molymet, Ningxia Orient Tantalum Industry, Rhenium Alloys, Rising Rare Metals EO-Materials, Treibacher Industries, WOLFRAM Company JSC and Xiamen Tungsten among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.