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Tungsten, or wolfram, is a chemical element with the symbol W and atomic number 74. Tungsten is a rare metal found naturally on Earth almost exclusively as compounds with other elements. It was identified as a new element in 1781 and first isolated as a metal.
Tungsten is the heaviest engineering material with a density of 19.25 g/cm3. It has the highest melting point of all metals at 3410∞C with a boiling point of 5700∞C.
It has the lowest vapour pressure of all metals. It has the highest modulus of elasticity of the metals (E = 400GPa).Tungsten and its alloys are used in many high-temperature applications, such as arc-welding electrodes and heating elements in high-temperature furnaces.
Tungsten carbide is immensely hard and is very important to the metal-working, mining and petroleum industries. Current uses are as electrodes, heating elements and field emitters, and as filaments in light bulbs and cathode ray tubes.
Tungsten is commonly used in heavy metal alloys such as high speed steel, from which cutting tools are manufactured. It is also used in the so-called ‘superalloys’ to form wear-resistant coatings.
Tungsten is primarily extracted from two types of minerals, wolframite, and scheelite. However, tungsten recycling also accounts for about 30% of the global supply.
China is the world’s largest producer of the metal, providing over 80% of the world supply.No specific health effects have been associated with exposure to tungsten in humans.
Exposure to high levels of tungsten is unlikely. Tungsten has been found in at least 6 of the 1,662 National Priority List sites identified by the Environmental Protection Agency (EPA).
Global tungsten market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
John Crane Launches New Diamond Material Application on Tungsten Carbide Substrate. John Crane Diamond 8190 addresses sealing challenges in high-speed and high-heat generation applications where a clamped-in tungsten carbide mating ring is commonly required and helps customers overcome short seal life and failure mechanisms, including heat checking, heavy wear, ID chipping and blistering of carbon primary rings.
John Crane Diamond 8190 is most commonly used in the oil and gas and chemical industries.“This new offering underscores John Crane’s commitment to providing customers with solutions to meet operational challenges and extend mean time between repair,” said Terry Lemm, John Crane Product Line Director, Universal Sealing Solutions.
“We take pride in partnering with our customers to reach their environmental goals, and our new Diamond material application helps to reduce water and power consumption, increasing cost savings.
”The company’s Diamond seal face technology is available as an enhancement to many of John Crane’s most widely used seal families and provides the following benefits: Increases uptime for mission-critical equipment to reach production goals, Reduces costs with cooler running faces, less power use and lower lifecycle costs ,Increases durability with unmatched hardness
Startup uses hard metal scrap to produce tungsten and tungsten carbide in the form of nanoparticles with the help of bacteria. GS Bavaria aims to help the composites sector become more sustainable.
Through biologically manufactured tungsten-based additives, the business enables consumers to drastically increase mechanical qualities and resource consumption.
GS Bavaria is building up industrial production of nanomaterials and investing in sales and R&D with a seven-figure investment round led by High-Tech Gründerfonds and with the involvement of prominent business angels.
GS Bavaria utilises hard metal refuse to create nanoparticles of tungsten and tungsten carbide using microorganisms. Later, additional metals can also be processed using this method. The plastics industry is provided with tungsten, tungsten carbide, and tungsten oxide nanopowders in the form of masterbatches, which are additives.
Mechanical characteristics of composites, such as strength, toughness, and abrasion, can be significantly enhanced by introducing modest quantities of nanomaterial.
As a result, producing composite components can save up to 30% of the material. The tungsten-based nanoparticles are particularly sustainable due to their manufacture using bacteria, the large material savings, and lastly the recyclability of the modified composites. As a result, they significantly enhance resource efficiency and lower carbon footprint.
Additional material-improving characteristics are added, such as thermal properties, ionising radiation absorption, and UV resistance.Sergej Schmitke, who has been working hard on the creation and use of nanomaterials since 2016, formed the company in Nürnberg in 2020.
Years of research and development effort came before this. The present team combines extensive R&D, production, and management expertise with years of sales experience in the composites sector.
North America
The North American market, particularly the USA, will be one of the prime markets for (Tungsten) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Tungsten) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Tungsten) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Tungsten) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Tungsten Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Tungsten Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Tungsten Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
USA – $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region.
Europe – EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments.
Asia – There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia.
Africa – Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing.
Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region.
Rest of the World – The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand.
