タングステンの世界市場：2025年～2032年

世界のタングステンの市場規模は、2024年に51億6,000万米ドルとなりました。同市場は、2032年には96億5,000万米ドルに達すると予測され、予測期間の2025年～2032年のCAGRは8.14％となる見込みです。

タングステン市場は拡大し、M&Aが行われており、近い将来さらに多くのM&Aが予定されています。企業は有機的に、あるいは中小企業を買収することで拡大しています。例えば、Sandvik Groupは2023年12月、北米のタングステン金属とカーバイド粉末の主要メーカーであるBuffalo Tungsten, Inc.の買収を決定しました。この買収により、Sandvik Groupは北米全域に拠点を拡大する予定です。

世界のタングステン市場では、リサイクルと持続可能性への注目が高まっています。環境問題や資源制約が高まる中、業界は安定供給を確保し、採掘による環境への影響を軽減するため、スクラップからのタングステン再生に注力しています。この移行は環境問題を解決するだけでなく、主要なタングステン供給源に影響を与える地政学的圧力に直面した場合のサプライチェーンの弾力性を向上させます。

さらに、リサイクル技術の進歩により、タングステンの回収はより効率的でコスト効率の高いものとなっています。企業はエレクトロニクス、自動車、航空宇宙などの産業における需要増に対応するため、持続可能な抽出手順に投資し、代替資源を検討しています。これは世界の持続可能性の目標に合致しており、タングステンセクターにおける責任ある資源管理への幅広い推進力を反映しています。

防衛・航空宇宙分野におけるタングステンのニーズの高まり、またその顕著な密度、耐高温性、機械的強度は、世界のタングステン市場の重要な促進要因となっています。タングステンは、徹甲弾、ミサイル部品、航空機のカウンターウェイトと高性能航空宇宙部品の生産に不可欠な材料です。過酷な条件の下で構造的完全性を維持するために、その容量は、軍事や宇宙グレードの応用のために重要になります。

世界中の政府が国防予算を増強し、タングステンの需要を直接駆動する軍事機器の更新に投資しています。例えば、米国とNATO諸国は、タングステンは安定した需要予測を提供し、国家の安全保障に不可欠な重要な材料であると考えています。さらに、宇宙探査や商業衛星の展開への関心の高まりは、航空宇宙推進システムや構造部品にタングステンの使用を増加しています。戦略分野やハイテク分野からの継続的な需要は、世界のタングステン市場にとって重要な開発エンジンとなっています。

タングステンの採掘と加工に関わる環境と規制の問題は、世界のタングステン市場にとって大きな制約となっています。タングステン鉱石の採掘には大規模な採掘作業が伴うことが多く、適切に管理されなければ、生息地の破壊、土壌浸食、水質汚染、生物多様性の損失を招く恐れがあります。

さらに、タングステン鉱石を精製するために使用される化学的方法は、さらなる環境問題を引き起こす有毒廃棄物を生成する可能性があります。このような懸念から、多くの国で厳格な環境法が制定され、遵守コストが上昇し、採掘活動が制限される可能性があります。例えば、欧州連合（EU）のREACH法は、タングステン加工に使用される化学物質を含む化学物質の使用を制限し、環境と健康への危害を減らしています。

当レポートでは、世界のタングステン市場について調査し、市場の概要とともに、タイプ別、製品別、用途別、地域別動向、競合情勢、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 調査手法と範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
  • 抑制要因
  • 機会
  • 影響分析

第5章 業界分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制およびコンプライアンス分析
• 持続可能性分析
• 米国関税の影響
• DMIオピニオン

第6章 タイプ別

• フォイル
• リボン
• ワイヤー
• チューブ
• その他

第7章 製品別

• 炭化物
• タングステン合金
• タングステンミル製品
• タングステン化学品
• その他

第8章 用途別

• 自動車
• 航空宇宙
• 電気・電子
• 工作機械・設備
• その他

第9章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他
• 南米
  • ブラジル
  • アルゼンチン
  • その他
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他
• 中東・アフリカ

第10章 企業プロファイル

• China Minmetals Non-Ferrous Metals Co., Ltd.
• 会社概要
• 製品ポートフォリオと説明
• 財務概要
• 主な発展
• China Molybdenum Co., Ltd.
• ChinaTungsten
• Jiangxi Tungsten Holding Group Co., Ltd.
• Jiangxi Yaosheng Tungsten
• Xiamen Tungsten Co., Ltd.
• Nippon Tungsten Co., Ltd.
• Umicore NV
• Global Tungsten &Powders
• Almonty Industries Inc.

第11章 付録

Global Tungsten Market reached US$ 5.16 billion in 2024 and is expected to reach US$ 9.65 billion by 2032, growing with a CAGR of 8.14% during the forecast period 2025-2032.

The tungsten market is expanding and undergoing mergers and acquisitions, with more planned in the near future. Companies are expanding organically or by acquiring smaller businesses. For example, in December 2023, Sandvik Group finalized the acquisition of Buffalo Tungsten, Inc., a major producer of tungsten metal and carbide powder in North America. With this acquisition, the corporation intends to expand its footprint throughout North America.

Tungsten Market Trend

The global tungsten market is seeing an increased focus on recycling and sustainability. As environmental concerns and resource constraint grow, the industry is focusing on reclaiming tungsten from scrap materials to assure a steady supply and lessen the environmental impact of mining. The transition not only solves environmental concerns, but it also improves supply chain resilience in the face of geopolitical pressures affecting key tungsten supplies.

Furthermore, advances in recycling technologies make tungsten recovery more efficient and cost-effective. Companies are investing in sustainable extraction procedures and looking into alternate sources to meet rising demand in industries such as electronics, automotive and aerospace. It is consistent with global sustainability goals and reflects a broader push toward responsible resource management in the tungsten sector.

Dynamic

Rising Demand for Tungsten in Aerospace and Defense

The increased need for tungsten in the defense and aerospace sectors, as well as its remarkable density, high-temperature resistance and mechanical strength, are important drivers of the worldwide tungsten market. Tungsten is an essential material in the production of armor-piercing ammunition, missile components, aircraft counterweights and high-performance aerospace parts. Its capacity to keep structural integrity under harsh conditions makes it crucial for military and space-grade applications.

Governments around the world are boosting their defense budgets and investing in updating military equipment, which directly drives demand for tungsten. For example, US and NATO countries consider tungsten to be a vital material essential to national security, providing a steady demand forecast. Furthermore, the growing interest in space exploration and commercial satellite deployment has increased the use of tungsten in aerospace propulsion systems and structural components. The ongoing demand from strategic and high-tech sectors is a key development engine for the global tungsten market.

Environmental and Regulatory Challenges

The environmental and regulatory issues involved with tungsten mining and processing are a substantial limitation on the worldwide tungsten market. Tungsten ore extraction frequently entails large-scale mining operations, which, if not managed properly, can result in habitat damage, soil erosion, water pollution and biodiversity loss.

Furthermore, the chemical methods used to refine tungsten ores can produce toxic waste, which poses further environmental problems. The concerns have resulted in rigorous environmental legislation in many nations, raising compliance costs and potentially limiting mining activities. For example, the European Union's REACH law restricts the use of chemicals, including those used in tungsten processing, to reduce environmental and health hazards.

Segment Analysis

The global tungsten market is segmented based on type, product, application and region.

Growing Demand for High-Performance Cutting and Wear-Resistant Tools Drives Machine Tool & Equipment Segment

The rising need for high-performance cutting and wear-resistant tools in advanced manufacturing industries is a significant driver for the market's machine tools and equipment segment. Tungsten's excellent hardness, high melting point and wear resistance make it a vital material for the manufacture of tools such as drills, milling cutters, dies and inserts.

During the forecast period, the mining and drilling sectors are expected to hold the majority of the tungsten market. Tungsten is a remarkable metal, with the highest melting point, tensile strength and hardness of any metal. In accordance to US Geological Survey, approximately 84,000 metric tons of contained tungsten were produced globally in 2022. China is by far the world's largest tungsten mining country, accounting for approximately 85% of total output.

Geographical Penetration

Rising Disposable Income in Emerging Countries in Asia-Pacific

Asia-Pacific is expected to grow at the fastest rate during the forecast period. Increasing disposable income in emerging economies is driving demand for convenience items, which is aiding global market growth. Because of the utilized and replaceable cutting tools, the carbide industry has the largest market share. Aside from its application in electrical and electronic equipment, the demand for mill items containing tungsten will continue to rise.

The aircraft industry's expansion is expected to drive the fastest increase in tungsten alloys. Boeing has broken down the predicted growth rate of China's commercial aviation market from 2019 to 2038 into segments. Over that time, China's ground, station and freight operations market is predicted to grow by 5.6%. Tungsten or its alloys are also employed in the fabrication of various car parts that tolerate extreme conditions or temperatures.

Impact of US Tariff

Tariffs imposed by US on Chinese tungsten products such as unwrought tungsten, bars, rods and plates have considerably disturbed the worldwide tungsten market, especially given that China accounts for more than 80% of global tungsten output. These 25% tariffs, which take effect in January 2025, are part of a larger US-China trade policy aimed at reducing reliance on Chinese vital minerals.

In response, China imposed export limits on tungsten and related materials, significantly constricting the supply chain. This has caused immediate supply limitations, price volatility and increased procurement issues for US-based businesses in the defense, aerospace, electronics and tooling industries that rely significantly on tungsten's distinctive qualities.

Companies such as Almonty Industries have also obtained tariff exemptions for its non-Chinese tungsten to ensure a steady supply to North American clients. Nonetheless, these transitions will take time and in the near term, the tariffs have raised raw material costs, generated strategic uncertainty for downstream businesses and underlined the geopolitical unstability of global tungsten supply networks.

Competitive Landscape

The major global players in the market include China Minmetals Non-Ferrous Metals Co., Ltd., China Molybdenum Co. Ltd., ChinaTungsten, Jiangxi Tungsten Holding Group Co., Ltd., Jiangxi Yaosheng Tungsten, Xiamen Tungsten Co., Ltd., Nippon Tungsten Co., Ltd., Umicore N.V., Global Tungsten & Powders and Almonty Industries Inc.

Key Developments

• In January 2022, The Plansee Group has signed a formal agreement to acquire Indianapolis-based Mi-Tech Tungsten Metals. Mi-Tech, which employs about 100 people, is considered as one of the leading providers of tungsten-based goods in US.
• In September 2021, Kennametal Inc. has introduced KAR85-AM-K, a highly corrosion-resistant tungsten carbide grade for metal additive production. It can only be used in conjunction with Kennametal's binder jet 3D printing capacity to create fully completed wear components.

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Target Audience 2024

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Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Type
• 3.2. Snippet by Product
• 3.3. Snippet by Application
• 3.4. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Rising Demand for Tungsten in Aerospace and Defense
  • 4.1.2. Restraints
    • 4.1.2.1. Environmental and Regulatory Challenges
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory and Compliance Analysis
• 5.5. Sustainability Analysis
• 5.6. Impact of US Tariff
• 5.7. DMI Opinion

6. By Type

• 6.1. Introduction
  • 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 6.1.2. Market Attractiveness Index, By Type
• 6.2. Foils*
  • 6.2.1. Introduction
  • 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 6.3. Ribbons
• 6.4. Wires
• 6.5. Tubes
• 6.6. Others

7. By Product

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 7.1.2. Market Attractiveness Index, By Product
• 7.2. Carbides*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Tungsten Alloys
• 7.4. Tungsten Mill Products
• 7.5. Tungsten Chemicals
• 7.6. Others

8. By Application

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 8.1.2. Market Attractiveness Index, By Application
• 8.2. Automotive*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Aerospace
• 8.4. Electrical & Electronics
• 8.5. Machine Tool & Equipment
• 8.6. Others

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.6.1. US
    • 9.2.6.2. Canada
    • 9.2.6.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.6.1. Germany
    • 9.3.6.2. UK
    • 9.3.6.3. France
    • 9.3.6.4. Italy
    • 9.3.6.5. Spain
    • 9.3.6.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.6.1. Brazil
    • 9.4.6.2. Argentina
    • 9.4.6.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.6.1. China
    • 9.5.6.2. India
    • 9.5.6.3. Japan
    • 9.5.6.4. Australia
    • 9.5.6.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Company Profiles

• 10.1. China Minmetals Non-Ferrous Metals Co., Ltd.*
  • 10.1.1. Company Overview
  • 10.1.2. Product Portfolio and Description
  • 10.1.3. Financial Overview
  • 10.1.4. Key Developments
• 10.2. China Molybdenum Co., Ltd.
• 10.3. ChinaTungsten
• 10.4. Jiangxi Tungsten Holding Group Co., Ltd.
• 10.5. Jiangxi Yaosheng Tungsten
• 10.6. Xiamen Tungsten Co., Ltd.
• 10.7. Nippon Tungsten Co., Ltd.
• 10.8. Umicore N.V.
• 10.9. Global Tungsten & Powders
• 10.10. Almonty Industries Inc.

LIST NOT EXHAUSTIVE

11. Appendix

• 11.1. About Us and Services
• 11.2. Contact Us