Refractory Metals Market - Size, Share and Forecast(2019-2026)

SKU: DMM33 | Last Updated On: 2019-07-26 | No. of Pages: 249 | Available Formats

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In February 2019, Dalmia Bharat Group Acquired German-based speciality refractory maker GSB Group GmbH to improve its presence in Europe refractory market.

Global Refractory Metals Market
1. Global Refractory Metals Market Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Global Refractory Metals Market – Market Definition and Overview
3. Global Refractory Metals Market – Executive Summary
3.1. Market Snippet by Material Type
3.2. Market Snippet by Application
3.3. Market Snippet by Region
4. Global Refractory Metals Market Dynamics
4.1. Market Impacting Factors
4.2. Drivers
4.2.1. Growing demand for high strength and high temperature resistant material in aerospace industry
4.2.2. Driver 2
4.3. Restraints
4.3.1. High cost associated with the materials 
4.3.2. Restraint 2
4.4. Impact Analysis
4.5. Opportunity
5. Global Refractory Metals Market – Industry Analysis 
5.1. Porter's Five Forces Analysis 
5.2. Regulatory Analysis
5.3. Supply Chain Analysis 
6. Global Refractory Metals Market – By Material Type
6.1. Introduction
6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type Segment
6.1.2. Market Attractiveness Index, By Material Type Segment
6.2. Tungsten*
6.2.1. Introduction
6.2.2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
6.3. Molybdenum
6.4. Niobium
6.5. Tantalum
6.6. Thenium
6.7. Others
7. Global Refractory Metals Market – By Application
7.1. Introduction
7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
7.1.2. Market Attractiveness Index, By Application Segment
7.2. Electronics*
7.2.1. Introduction
7.2.2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
7.3. Nuclear Power Generation
7.4. Aerospace
7.5. Manufacturing
7.6. Medical
7.7. Mining
7.8. Others
8. Global Refractory Metals Market - By Region
8.1. Introduction 
8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
8.1.2. Market Attractiveness Index, By Region
8.2. North America
8.2.1. Introduction
8.2.2. Key Region-Specific Dynamics
8.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
8.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
8.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
8.2.5.1. U.S.
8.2.5.2. Canada
8.2.5.3. Mexico
8.3. Europe
8.3.1. Introduction
8.3.2. Key Region-Specific Dynamics
8.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
8.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
8.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
8.3.5.1. Germany
8.3.5.2. U.K.
8.3.5.3. France
8.3.5.4. Rest of Europe
8.4. South America
8.4.1. Introduction
8.4.2. Key Region-Specific Dynamics
8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
8.4.5.1. Brazil
8.4.5.2. Argentina
8.4.5.3. Rest of South America
8.5. Asia Pacific
8.5.1. Introduction
8.5.2. Key Region-Specific Dynamics
8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
8.5.5.1. China
8.5.5.2. India
8.5.5.3. Japan
8.5.5.4. Australia
8.5.5.5. Rest of Asia Pacific
8.6. Middle East and Africa
8.6.1. Introduction
8.6.2. Key Region-Specific Dynamics
8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
9. Global Refractory Metals Market Competitive Landscape
9.1. Competitive Scenario
9.2. Market Positioning/Share Analysis
9.3. Mergers and Acquisitions Analysis
10. Global Refractory Metals Market Company Profiles
10.1. Terubacher Industrie AG*
10.1.1. Company Overview
10.1.2. Product Portfolio and Description
10.1.3. Key Highlights
10.1.4. Financial Overview
10.2. Advanced Metallurgical group, N.V
10.3. Rember Corporation
10.4. Climax Molybdenum
10.5. Codelco
10.6. Global Tungsten & Powders Corp.
10.7. Ningxia Orient Tantalum Industry
10.8. Rhenium Alloys, Inc
10.9. Molynet
10.10. Xiamen Tungsten Co Ltd
11. Global Refractory Metals Market – Premium Insights
12. Global Refractory Metals Market – DataM
12.1. Appendix
12.2. About Us and Services
12.3. Contact Us

Refractory Metals Market Overview

Refractory metals are a group of metallic elements that are highly resistant to heat and wear. The majorly used refractory metals across the industries are Tungsten, Molybdenum, Niobium, Tantalum, and Rehnium. The key properties associated with these metals includes high melting points above 20000°C/3632°F, high density and high resistance to corrosion in pure form. Refractory metals are used extensively as alloying elements in steels, stainless steels, heat resistant alloys and super alloys.

Various refractory metals across the globe are regulated with environmental related policies such as Directive 2006/21/EC European regulation which directs necessary measures for minimal human interaction and controlling the uncontrolled disposable of extracted waste.

Global Refractory Metals Market Dynamics:

Driver:

Growing demand for high temperature resistant materials across the globe associated with increase in production of aerospace related components and growing usage of refractory metals in manufacturing industry and consumer products (bulbs, welding consumables) are the factors driving the global refectory metals market.

Growing mining activities of different refractory metals (Molybdenum and Tungsten) across the globe to meet the growing demand from consumer and industrial users are the factors additionally driving the global refractory metals market.

 

According to the data published in U.S Department of the Interior in 2019, the annual mining production of Molybdenum globally increased from 297 thousand tons in 2017 to 300,000 tons in 2018 providing similar growth for global refractory metals market.

According to the study published in U.S Geological Survey, 2019, Mineral commodities Summaries, approximately 60% of tungsten used in the United States was used in Cemented Carbides for cutting and wear-resistance applications, primarily in the construction, metalworking, mining and oil & gas industries.

Growing consumption of catalyst grade APR by the petroleum industry and associated growing demand for rhenium by aerospace industry is expected to drive the rhenium mining, providing similar market growth for global refractory metals market in the forecast period.

According to the study published in U.S Geological Survey, Mineral commodities Summaries, 2019, the global production of rhenium from mines is estimated to increase from 48 KT in 2017 to 49 KT (Kilo Tons) in 2019 providing similar market growth for global refractory metals market across the globe.

Restraint:

Shift in end-user preference towards usage of graphene as replacement for refractory metals due to its high cost and limited availability nature.

Rhenium and Tantalum are treated as environmentally unfriendly metals in refractory metals industry owing to its higher potential for contributing to global warming, higher cumulative energy demand, and higher levels of terrestrial acidification properties. Thus, these factors are anticipated to hinder the market growth in the forecast period to 2026.

Global Refractory Metals Market Segment Analysis

By material type, global refractory metals market is further segment into Tungsten, Molybdenum, Niobium, Tantalum, Thenium, and Others. Molybdenum is expected to dominate the global refractory metals market owing to lack of availability of these alternatives for molybdenum and growing usage of alloying activities during the production of steel and cast irons.

According to the Study published in International Molybdenum Association in 2018, the global consumption of molybdenum has increased from 230,355 tons in 2016 to 253,000 tons in 2017 providing equal market growth for global refractory metals market.

Tungsten material is expected to grow at a higher pace during the forecast period owing to increase in recycling activities across the globe to meet the growing demand for inserts coating related to automotive and electronics industries. Increase regulation for exports and mining from the Chinese government over mining producers is expected to the boost market for recycled tungsten across the globe.

According to the study published in International Tungsten Industry Association in 2017, the total input for production of intermediates was recorded as 108,500 tons and 35% of its was recorded as recycling input rate and around 30% of consumed tungsten across the globe was led to end-of-life recycling.

By Application, global refractory metals market is further segmented into Electronics, Nuclear Power generation, Aerospace, Manufacturing, Medical, Mining, Others.

Manufacturing segment in expected to dominate the global refractory metals market owing to extensive usage of various refractory metals during manufacturing process including welding, coatings, cutting tools & others. Companies are investing in high precision cutting tools for greater accuracy in production with reduced scrap. Tungsten carbide one of the majorly used cutting tool in the current manufacturing industry is accounted majorly for first usage products in tungsten consumption.

 

Global Refractory Metals Market - Geographical Analysis:

By geography, global Refractory Metals market is segmented into North America, South America, Asia Pacific, Europe, Middle-East and Africa. North America is expected to dominate the global refractory metals market owing to its high presence of mineral industry, growing government investment in mining activities for molybdenum & tungsten, and high presence of automobile & aerospace industry in the region.

United States dominate the global refractory metal market due to increase in production of respective refractory metal and increase in imports of tungsten, and other refractory metals to meet the regional customers in aerospace and automotive industries.

According to the study published in U.S. Geological Survey, Mineral Commodity Summaries, in February 2019, the annual imports of Tungsten in United States is expected to increase from 13,720 tons in 2017 to 14,000 tons in 2018 driven by growing demand from various end-users in the region.

Asia pacific refractory metals market is expected to grow at higher pace during the forecast period owing to increase in deep mining activities in major mineral producing nations associated with increase in exports of rear metals to the developed nations and presence of growing electronics industry.

China is expected to dominate the Asia Pacific refractory metals market owing to greater dependence of locally produced refractory metals associated with increase in exports to the United States and high dependency of local electronics and automobile industry manufacturers over these materials.

China dominates the global production of tungsten across the globe, according to the study published in Mineral Commodity Summaries 2019, 82% of global supply of titanium (67 million metric tons) was contributed by china in 2018.

Growing regulations over the tungsten industry for limitation on mining and exports licenses in China, imposing additional costs on concentrate metal production is expected to boost the production and demand for tungsten material from nations such as Russia, Austria, Vietnam and United Kingdom.

Global Refractory Metals– Competitive Analysis

Global refractory metals market is moderately consolidated with few numbers of global players and regional players in the industry. The industry is highly competitive with respect to individual materials, besides the presence of high number of recyclers and suppliers across the regions.

Some of the key players in the global metal cutting tool market includes Terubacher Industrie AG, Advanced Metallurgical group, N.V, Rember Corporation, Climax Molybdenum, and Codelco.

The key strategies adopted by the prominent players in the global refractory metals market includes merger and acquisition between the global players and regional players to improve their presence in respective nations and increase in technological innovation in usage of refractory metals for deep space explorations.

In July 2019, Geoplasma Research has initiated development of additive manufacturing technologies with refractory alloys for the manufacturing of nuclear thermal propulsion components for reduction in travel time in deep space exploration with minimum exposure of radiation towards crew.

In February 2019, Dalmia Bharat Group Acquired German-based specialty refractory maker GSB Group GmbH to improve its presence in Europe refractory market.

Supply Chain

Supply chain for refractory materials is revolved around raw material producers (mining) to end users. According to the data published in MSP-REFRAM in 2015, in the Europe there were 23 manufacturers and 41 recyclers and traders operating in Refractory Metals market, especially for Niobium.

Globally, Molybdenum resources are accounted for 25.4 million tons of which identified resources of molybdenum in the United States are about 5.4 million tons, and in the rest of the world is around 20 million tons. Resources of molybdenum are adequate to supply world needs for the future.

Why Purchase the Report?

  • Visualize the composition of the Refractory Metals in terms of various types of Material and their applications highlighting the key commercial assets and players.
  • Identify commercial opportunities in Refractory Metals market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Refractory Metals market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies

Manufacturers

List of Tables

Table 01 Global Refractory Metals Market Value, By Material Type, 2018, 2022 & 2026 (USD Million)

Table 02 Global Refractory Metals Market Value, By Applications, 2018, 2022 & 2026 (USD Million)

Table 03 Global Refractory Metals Market Value, By Region, 2018,2022 & 2026 (USD Million)

Table 04 Global Refractory Metals Market Value, By Material Type, 2018, 2022 & 2026 (USD Million)

Table 05 Global Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 06 Global Refractory Metals Market Value, By Applications, 2018, 2022 & 2026 (USD Million)

Table 07 Global Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 08 Global Refractory Metals Market Value, By Region, 2018, 2022 & 2026 (USD Million)

Table 09 Global Refractory Metals Market Value, By Region, 2017-2026 (USD Million)

Table 10 North America Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 11 North America Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 12 North America Refractory Metals Market Value, By Country, 2017-2026 (USD Million)

Table 13 South America Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 14 South America Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 15 South America Refractory Metals Market Value, By Country, 2017-2026 (USD Million)

Table 16 Europe Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 17 Europe Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 18 Europe Refractory Metals Market Value, By Country, 2017-2026 (USD Million)

Table 19 Asia-Pacific Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 20 Asia-Pacific Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 21 Asia-Pacific Refractory Metals Market Value, By Country, 2017-2026 (USD Million)

Table 22 Middle East & Africa Refractory Metals Market Value, By Material Type, 2017-2026 (USD Million)

Table 23 Middle East & Africa Refractory Metals Market Value, By Applications, 2017-2026 (USD Million)

Table 24 Terubacher Industrie AG: Overview

Table 25 Terubacher Industrie AG: Product Portfolio

Table 26 Terubacher Industrie AG: Key Developments

Table 27 Advanced Metallurgical Group, N.V: Overview

Table 28 Advanced Metallurgical Group, N.V: Product Portfolio

Table 29 Advanced Metallurgical Group, N.V: Key Developments

Table 30 Rember Corporation: Overview

Table 31 Rember Corporation: Product Portfolio

Table 32 Rember Corporation: Key Developments

Table 33 Climax Molybdenum: Overview

Table 34 Climax Molybdenum: Product Portfolio

Table 35 Climax Molybdenum: Key Developments

Table 36 Codelco: Overview

Table 37 Codelco: Product Portfolio

Table 38 Codelco: Key Developments

Table 39 Global Tungsten & Powders Corp: Overview

Table 40 Global Tungsten & Powders Corp: Product Portfolio

Table 41 Global Tungsten & Powders Corp: Key Developments

Table 42 Ningxia Orient Tantalum Industry: Overview

Table 43 Ningxia Orient Tantalum Industry: Product Portfolio

Table 44 Ningxia Orient Tantalum Industry: Key Developments

Table 45 Rhenium Alloys, Inc: Overview

Table 46 Rhenium Alloys, Inc: Product Portfolio

Table 47 Rhenium Alloys, Inc: Key Developments

Table 48 Molymet: Overview

Table 49 Molymet: Product Portfolio

Table 50 Molymet: Key Developments

Table 51 Xiamen Tungsten Co Ltd: Overview

Table 52 Xiamen Tungsten Co Ltd: Product Portfolio

Table 53 Xiamen Tungsten Co Ltd: Key Developments

List of Figures

 

Figure 01 Global Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 02 Global Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 03 Global Refractory Metals Market Share, By Region, 2018 & 2026 (%)

Figure 04 Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 05 Global Refractory Metals Market Y-o-Y Growth, By Material Type, 2018-2026 (%)

Figure 06 Tungsten: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 07 Molybdenum: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 08 Niobium: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 09 Tantalum: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 10 Thenium: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 11 Others: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 12 Global Refractory Metals Market Y-o-Y Growth, By Applications, 2018-2026 (%)

Figure 13 Electronics: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 14 Nuclear Power Generation: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 15 Aerospace: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 16 Manufacturing: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 17 Medical : Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 18 Mining: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 19 Others: Global Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 20 Global Refractory Metals Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 21 North America Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 22 North America Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 23 North America Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 24 North America Refractory Metals Market Share, By Country, 2018 & 2026 (%)

Figure 25 South America Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 26 South America Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 27 South America Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 28 South America Refractory Metals Market Share, By Country, 2018 & 2026 (%)

Figure 29 Europe Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 30 Europe Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 31 Europe Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 32 Europe Refractory Metals Market Share, By Country, 2018 & 2026 (%)

Figure 33 Asia-Pacific Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 34 Asia-Pacific Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 35 Asia-Pacific Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 36 Asia-Pacific Refractory Metals Market Share, By Country, 2018 & 2026 (%)

Figure 37 Middle East & Africa Refractory Metals Market Value, 2017-2026 (USD Million)

Figure 38 Middle East & Africa Refractory Metals Market Share, By Material Type, 2018 & 2026 (%)

Figure 39 Middle East & Africa Refractory Metals Market Share, By Applications, 2018 & 2026 (%)

Figure 40 Terubacher Industrie AG: Financials

Figure 41 Advanced Metallurgical Group, N.V: Financials

Figure 42 Rember Corporation: Financials

Figure 43 Climax Molybdenum: Financials

Figure 44 Codelco: Financials

Figure 45 Global Tungsten & Powders Corp: Financials

Figure 46 Ningxia Orient Tantalum Industry: Financials

Figure 47 Rhenium Alloys, Inc: Financials

Figure 48 Molymet: Financials

Figure 49 Xiamen Tungsten Co Ltd: Financials

 

 

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