Tungsten companies

  • Report ID: 6785
  • Published Date: Aug 14, 2025
  • Report Format: PDF, PPT

Key Tungsten Market Players:

    Key players in the tungsten market are employing innovation strategies to develop high-value, specialty products such as tungsten carbide, which are essential in industrial applications such as cutting tools, mining, and oil drilling. These products drive high profits compared to standard tungsten. Considering the high demand for tungsten alloys in aerospace, automotive, and electronics, industry giants are investing highly in enhancing the performance and precision of these materials. Leading companies are also forming strategic partnerships with original equipment manufacturers of the end use industries to boost the sales of tungsten products. Mergers and acquisitions are also aiding them to expand their product offerings and increase market reach.

    Some of the key players in tungsten market includes:

    • Elmet Technologies
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Buffalo Tungsten Inc.
    • Stanford Advanced Materials (SAM)
    • Wolfram Bergbau und Hütten AG
    • China Tungsten and Hightech Materials Co., Ltd.
    • Global Tungsten & Powders Corp.
    • Tejing Tungsten Co., Ltd
    • Nui Phao Mining Company Limited
    • Masan Resources Corporation
    • Wolf Minerals Limited
    • Almonty Industries Inc.
    • H.C. Starck GmbH
    • Plansee Group
    • BETEK GmbH & Co. KG
    • Umicore N.V.
    • Sandvik Group

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of tungsten is estimated at USD 5.63 billion.

Tungsten Market size was over USD 5.26 billion in 2025 and is poised to exceed USD 11.25 billion by 2035, growing at over 7.9% CAGR during the forecast period i.e., between 2026-2035.

Asia Pacific holds a 42.00% share in the Tungsten Market, propelled by rapidly increasing industrial activities and rising demand for advanced electronics and EVs, positioning it for significant growth by 2035.

Key players in the market include Elmet Technologies, Buffalo Tungsten Inc., Stanford Advanced Materials (SAM), and Wolfram Bergbau und Hütten AG.
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