Tungsten Price in China
- China: 309 USD/MT
In the fourth quarter of 2023, the price of tungsten in China reached 309 USD/MT by December.
The latest report by IMARC Group, titled "Tungsten Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of tungsten price trend. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Tungsten Plate Prices December 2023:
- China: 309 USD/MT
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The study delves into the factors affecting Tungsten Plate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/tungsten-pricing-report/requestsample
Tungsten Plate Price Trend- Q4 2023
Tungsten, also known as wolfram, is a rare metal with the highest melting point of all elements, surpassing even that of steel. Its atomic number is 74, placing it in the transition metal group of the periodic table. Tungsten is characterized by its exceptional hardness, durability, and resistance to corrosion, making it invaluable in various industrial applications. Its remarkable properties render it ideal for use in manufacturing tools and machinery that require high-temperature resistance and strength, such as cutting and drilling equipment, electrical contacts, and heating elements. Additionally, tungsten finds extensive use in the production of alloys, particularly those used in aerospace engineering and the automotive industry. Due to its density, tungsten is also employed in military applications, including armor-piercing projectiles and kinetic energy penetrators.
Tungsten Plate Market Analysis
The global tungsten market size reached 78,000.0 Tons in 2023. By 2032, IMARC Group expects the market to reach 95,714.0 Tons, at a projected CAGR of 2.30% during 2023-2032. The burgeoning demand for tungsten arises from its pivotal role in the manufacturing sector, particularly in the production of cutting tools, machinery, and components requiring high-temperature resistance and durability. The rapid expansion of industrial activities, especially in emerging economies, fuels this demand. Additionally, the automotive industry heavily relies on tungsten-based alloys for manufacturing parts, contributing to market growth. Other than this, the continuous advancements in the aerospace sector and the increasing demand for lightweight yet robust materials bolster the market prospects of tungsten, given its suitability for aerospace applications. Besides this, the expansion of the electronics industry is driven by technological innovations and the proliferation of consumer electronics, stimulates demand for tungsten in semiconductor fabrication and electrical components. In line with this, geopolitical factors, such as trade policies and resource availability, also influence the market dynamics, as tungsten is primarily sourced from a limited number of countries. Environmental regulations and sustainability initiatives are increasingly shaping the market, prompting the exploration of alternative sources and recycling methods.
Furthermore, the energy industry, particularly the renewable energy sector, relies on tungsten for various applications, including the production of turbines and components for solar panels and wind turbines. As countries worldwide transition toward cleaner and more sustainable energy sources, the demand for tungsten in these applications is expected to increase significantly.
Key Points Covered in the Tungsten Plate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Tungsten Plate Prices
- Tungsten Plate Price Trend
- Tungsten Plate Demand & Supply
- Tungsten Plate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Tungsten Plate Price Analysis
- Tungsten Plate Industry Drivers, Restraints, and Opportunities
- Tungsten Plate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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