텅스텐 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the tungsten market size was valued at 134.75 kilotons in 2025 and is estimated to grow from 141.02 kilotons in 2026 to reach 177 kilotons by 2031, at a CAGR of 4.65% during the forecast period (2026-2031).

This report is Segmented by Product Type (Foils, Ribbons, Wires, and Tubes), Product Form (Tungsten Carbides, Tungsten Alloys, Tungsten Mill Products, and Tungsten Chemicals), End-Use Industry (Automotive, Electrical and Electronics, Machine Tools and Equipment, and More), and Geography (Asia-Pacific, North America, Europe, and Rest of the World). The Market Forecasts are Provided in Terms of Volume (Tons).

Global Tungsten Market Trends and Insights

Demand Surge From Cemented-Carbide Cutting Tools in Automotive and Aerospace

Cemented-carbide inserts remain indispensable for machining hardened steels, titanium, and aluminum composites in powertrain and airframe components. The shift to electric vehicles raises tolerance demands on battery housings, prompting OEMs to specify ultra-fine-grain carbide grades with cobalt binders below 6 wt% to minimize magnetic interference near cells. Aerospace primes are adopting diamond-like-carbon-coated carbide end mills that cut carbon-fiber panels 25% faster while extending life beyond 10,000 parts per edge. ISO 513:2024 reclassified grade nomenclature, triggering a tooling refresh cycle that keeps replacement demand buoyant. Tier-1 suppliers in Germany and Japan are consolidating purchases with integrated producers that co-engineer geometry and coatings, a dynamic that supports premium pricing.

Electronics Miniaturization Boosting High-Density Interconnects

Semiconductor manufacturers are shifting from aluminum to tungsten for via-fill and contact metallization at sub-3-nanometer nodes. Intel's 18A process, entering high-volume production in late 2025, consumes roughly 15 g of tungsten hexafluoride per 300 mm wafer. TSMC expanded tungsten-CVD capacity by 40% in 2024 to backstop its 2 nm ramp. Samsung filed a dozen patents on atomic-layer-deposited WS2 barriers, pointing to broader adoption of two-dimensional tungsten compounds. Advanced packaging needs-chiplets and 3D stacking-are multiplying tungsten usage per device, making electronics a resilient growth pillar for the tungsten market.

China-Centric Supply Volatility and Export Quotas

Beijing's 2024 export-licensing rule for tungsten powder, carbide, and alloys amplified uncertainty for Western buyers. Spot prices for ammonium paratungstate rose 22% in two months before easing as European consumers drew down stocks and Vietnamese smelters boosted secondary output. The US Geological Survey highlighted tungsten as high risk since domestic mining ended in 2015, and the National Defense Stockpile holds only 15% of the authorized level. Alternative supply from Rwanda and South Korea will cover less than 8% of European demand by 2028, leaving exposure elevated.

Other drivers and restraints analyzed in the detailed report include:

1. Defense Adoption of Kinetic-Energy Penetrators
2. Li-Ion and Solid-State Batteries Using Tungsten-Disulfide Anodes
3. Health Risks of Tungsten-Carbide Dust Exposure

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Wire captured 39.75% of the Tungsten market share in 2025, a lead it retains through 2031 because EDM shops and furnace builders rely on its unique high-temperature strength. Commodity filament wire is tapering with LED adoption, but precision-drawn grades for EDM and guidewires are rising 6% annually. Plansee's 2025 lanthanum-oxide-doped wire raises recrystallization temperature to 1,800 °C, cutting scrap 12% for tool-and-die makers. Tubes are the fastest-growing product, clocking a 5.10% CAGR as hypersonic vehicle programs and MRI makers need thin-wall tungsten-rhenium thermocouples. Only four firms command rotary-swaging capabilities for sub-0.5 mm walls, creating a technological moat.

A smaller share belongs to foils and ribbons. Foils down to 0.025 mm shield X-ray sources and space electronics, while ribbons serve as evaporation boats in thin-film deposition. Demand is niche yet stable because few substitutes match tungsten's 3,422 °C melting point. Collectively, these trends embed durable upsides for specialty manufacturers even as legacy lighting uses recede, helping the tungsten market maintain a balanced growth profile.

Complete Report Scope:

• By Product Type
  • Foils
  • Ribbons
  • Wires
  • Tubes
• By Product Form
  • Tungsten Carbides
  • Tungsten Alloys
  • Tungsten Mill Products
  • Tungsten Chemicals
• By End-use Industry
  • Automotive
  • Aerospace
  • Electrical and Electronics
  • Machine Tools and Equipment
  • Other End-users (Energy Storage and Batteries, Medical Imaging and Oncology)
• By Geography
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Rest of the World
    • South America
    • Middle East and Africa

Geography Analysis

Asia-Pacific controlled 58.28% of 2025 volume and is on a 5.02% CAGR path to 2031. China integrates 75% of carbide and 90% of ammonium-paratungstate refining, pricing exports 25-35% below Western levels even after tariffs. India labeled tungsten a critical mineral in 2024 and fast-tracked Degana, targeting 1,800 t yr-1 by 2028. Japan's JPY 1.8 trillion machine-tool orders in 2024 keep ultra-fine-grain carbide demand buoyant. South Korean memory fabs push tungsten-CVD consumption as SK Hynix and Samsung expand 3D-NAND layers.

North America's lack of domestic mine output keeps exposure high, but a USD 200 million Defense Production Act allocation in 2024 aims to seed refining and recycling capacity. Canada's Almonty will feed North American toolmakers when Sangdong starts in 2027. Mexico's USD 5.2 billion auto FDI boom in 2024 raises carbide-tool needs for nearshored machining lines.

In Europe, German producers face Chinese carbide imports priced 30% lower even after a 6.5% anti-dumping duty. The 2024 Critical Raw Material Act mandates 15% recycled tungsten by 2030, prompting Umicore's EUR 45 million Hoboken upgrade to process 3,000 t yr-1 of scrap. Russian concentrate stays mostly domestic due to sanctions, while Rwanda's newly commissioned concentrator feeds European smelters. Outside the big three regions, Latin America, Africa, and the Middle East jointly supplied around 8% of global volume, with Bolivia and Rwanda as notable contributors.

1. A.L.M.T. Corp.
2. Allegheny Technologies Inc.
3. Avis Metal Industries Limited
4. Betek GmbH and Co. KG
5. Buffalo Tungsten Inc.
6. China Minmetals Non-Ferrous Metals Co.
7. China Molybdenum Co., Ltd.
8. Chongyi Zhangyuan Tungsten Co.
9. Elmet Technologies
10. Global Tungsten and Powders
11. Guangdong XiangLu Tungsten Co.
12. H.C. Starck Tungsten GmbH
13. International Metalworking Companies
14. Jiangxi Tungsten Holding Group
15. Jiangxi Yaosheng Tungsten
16. Kennametal Inc.
17. Nippon Tungsten Co., Ltd.
18. Ormonde Mining plc
19. Plansee SE
20. QuesTek Innovations LLC
21. Sandvik AB
22. Treibacher Industrie AG
23. Umicore N.V.
24. Wolf Minerals Ltd.
25. WOLFRAM Company JSC
26. Xiamen Tungsten Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Demand surge from cemented-carbide cutting tools in auto and aero
  • 4.2.2 Electronics miniaturisation boosting high-density interconnects
  • 4.2.3 Defence adoption of kinetic-energy penetrators
  • 4.2.4 Li-ion and solid-state batteries using tungsten disulfide anodes
  • 4.2.5 Additive-manufacturing of radiation-shielding parts
• 4.3 Market Restraints
  • 4.3.1 China-centric supply volatility and export quotas
  • 4.3.2 Health risks of tungsten-carbide dust exposure
  • 4.3.3 Substitution by advanced ceramics and cermets
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Product Type
  • 5.1.1 Foils
  • 5.1.2 Ribbons
  • 5.1.3 Wires
  • 5.1.4 Tubes
• 5.2 By Product Form
  • 5.2.1 Tungsten Carbides
  • 5.2.2 Tungsten Alloys
  • 5.2.3 Tungsten Mill Products
  • 5.2.4 Tungsten Chemicals
• 5.3 By End-use Industry
  • 5.3.1 Automotive
  • 5.3.2 Aerospace
  • 5.3.3 Electrical and Electronics
  • 5.3.4 Machine Tools and Equipment
  • 5.3.5 Other End-users (Energy Storage and Batteries, Medical Imaging and Oncology)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 India
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Russia
    • 5.4.3.6 Rest of Europe
  • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 A.L.M.T. Corp.
  • 6.4.2 Allegheny Technologies Inc.
  • 6.4.3 Avis Metal Industries Limited
  • 6.4.4 Betek GmbH and Co. KG
  • 6.4.5 Buffalo Tungsten Inc.
  • 6.4.6 China Minmetals Non-Ferrous Metals Co.
  • 6.4.7 China Molybdenum Co., Ltd.
  • 6.4.8 Chongyi Zhangyuan Tungsten Co.
  • 6.4.9 Elmet Technologies
  • 6.4.10 Global Tungsten and Powders
  • 6.4.11 Guangdong XiangLu Tungsten Co.
  • 6.4.12 H.C. Starck Tungsten GmbH
  • 6.4.13 International Metalworking Companies
  • 6.4.14 Jiangxi Tungsten Holding Group
  • 6.4.15 Jiangxi Yaosheng Tungsten
  • 6.4.16 Kennametal Inc.
  • 6.4.17 Nippon Tungsten Co., Ltd.
  • 6.4.18 Ormonde Mining plc
  • 6.4.19 Plansee SE
  • 6.4.20 QuesTek Innovations LLC
  • 6.4.21 Sandvik AB
  • 6.4.22 Treibacher Industrie AG
  • 6.4.23 Umicore N.V.
  • 6.4.24 Wolf Minerals Ltd.
  • 6.4.25 WOLFRAM Company JSC
  • 6.4.26 Xiamen Tungsten Co., Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment
• 7.2 EU Critical Raw-Material Act driven recycling incentives