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Australia Tungsten Market Size, Share, Analysis, Forecast: By Form: Foils, Ribbons, Wires, Tubes; By Product: Carbides, Tungsten Alloys, Tungsten Mill Products, Tungsten Chemicals; By End Use: Automotive, Aerospace, Electrical and Electronics, Machine Tools and Equipment, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Tungsten Market Outlook
The Australia tungsten market size is projected to grow at a CAGR of 7.10% between 2024 and 2032.
Key Takeaways
- Australia, based on figures updated by Geoscience Australia, has an 11% share of world tungsten resources.
- As of December 2018, Australia’s Economic Demonstrated Resources (EDR) of tungsten was 394,000 tonnes.
- Western Australia holds 53% of EDR, followed by Tasmania with 26% and Queensland with 18%1.
- Australia’s one operating tungsten mine is Kara in Tasmania, contributing to the overall reserve figures.
The Australia tungsten market growth is primarily driven by factors such as increasing demand for tungsten across diverse industries like automotive, aerospace, electrical and electronics, and machinery. Additionally, technological advancements, export performance, and application versatility contribute to the market's expansion by creating opportunities for growth and innovation within the industry.
Australia has been a significant exporter of tungsten, with notable increases in export volumes over the years. In 2023, Australia exported 1,708 units of tungsten to various countries, with India, Indonesia, and Vietnam being the primary importers. The country's strong export performance plays a crucial role in increasing Australia tungsten market share in the global economy.
Technological innovations and advancements in tungsten processing and applications are enhancing product quality, efficiency, and performance. These advancements play a key role in shaping the future trajectory of the tungsten market in Australia.
Tungsten finds applications across various industries, including automotive, aerospace, electrical and electronics, and machine tools and equipment. Tungsten is used in automotive applications for dyes and coatings, contributing to improved performance and durability in vehicles. In the aerospace industry, tungsten alloys are used in components, such as turbine blades, rocket nozzles, and ballast due to its high strength-to-weight ratio and resistance to high temperatures.
Furthermore, tungsten is essential in electrical and electronic applications for its conductivity and heat resistance properties, used in components like filaments for light bulbs, semiconductors, and X-ray tubes. Tungsten is also utilised in machine tools and equipment for its hardness and wear resistance, enhancing the durability and efficiency of cutting tools.
Market Segmentation
Australia Tungsten Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Form
- Foils
- Ribbons
- Wires
- Tubes
Market Breakup by Product
- Carbides
- Tungsten Alloys
- Tungsten Mill Products
- Tungsten Chemicals
Market Breakup by End Use
- Automotive
- Aerospace
- Electrical and Electronics
- Machine Tools and Equipment
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are providing different types of tungsten across industries to stay ahead in the competition.
- EQ Resources Limited
- Hypersolid Metal Tech Co. Ltd.
- ATC Group
- Techgong Australia Pty Ltd.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Tungsten Market Overview
8.1 Key Industry Highlights
8.2 Australia Tungsten Historical Market (2018-2023)
8.3 Australia Tungsten Market Forecast (2024-2032)
9 Australia Tungsten Market by Form
9.1 Foils
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Ribbons
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Wires
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Tubes
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Australia Tungsten Market by Product
10.1 Carbides
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tungsten Alloys
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Tungsten Mill Products
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Tungsten Chemicals
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Tungsten Market by End Use
11.1 Automotive
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aerospace
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Electrical and Electronics
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Machine Tools and Equipment
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Tungsten Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 8101)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 EQ Resources Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Hypersolid Metal Tech Co. Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 ATC Group
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Techgong Australia Pty Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Tungsten Market: Key Industry Highlights, 2018 and 2032
2. Australia Tungsten Historical Market: Breakup by Form (USD Million), 2018-2023
3. Australia Tungsten Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Australia Tungsten Historical Market: Breakup by Product (USD Million), 2018-2023
5. Australia Tungsten Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Australia Tungsten Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Australia Tungsten Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Australia Tungsten Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Tungsten Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Major Importing Countries by Volume
11. Major Exporting Countries by Volume
12. Major Importing Countries by Value
13. Major Exporting Countries by Value
14. Australia Tungsten Market Structure
Key Questions Answered in the Report
The Australia tungsten market value is expected to grow at a CAGR of 7.10% between 2024 and 2032.
The growth of the market is primarily driven by factors such as increasing demand for tungsten across diverse industries like automotive, aerospace, electrical and electronics, and machinery.
Technological advancements, positive export performance, and diverse application versatility contribute to the market's expansion by creating opportunities for growth and innovation within the industry.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on product, the market segmentations include carbides, tungsten alloys, tungsten mill products, and tungsten chemicals.
Foils, ribbons, wires, and tubes forms are considered in the report.
Tungsten finds applications across various industries, including automotive, aerospace, electrical and electronics, and machine tools and equipment.
Key players in the market are EQ Resources Limited, Hypersolid Metal Tech Co. Ltd., ATC Group, and Techgong Australia Pty Ltd.
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