Tungsten Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
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Tungsten Oxide Market: Overview
Tungsten has several oxidation states and oxides. Each tungsten oxide has a specific characteristic and feature. Tungsten (III) oxide is grown as a thin film by atomic layer deposition at temperatures ranging from 130 to 250 degree Celsius using a precursor compound. Tungsten (IV) dioxide is a bronze-colored solid with chemical formula WO2. The compound crystallizes in a monoclinic cell. Tungsten dioxide structure incorporates distorted octahedral trioxide tungsten centers with alternate short bonds.
Each Tungsten (IV) dioxide center has the d2 configuration, which provides the material a superior electrical conductivity. Tungsten dioxide is manufactured by reduction of tungsten trioxide with tungsten powder over the course of several hours at a very high temperature. Tungsten (VI) oxide, which is also referred to as tungsten anhydride or tungsten trioxide, is a compound contacting transition metal tungsten and oxygen. The material is obtained in the form of an intermediate during processes applied for recovering tungsten from its minerals. Tungsten ores are typically further treated with alkalis in order to obtain tungsten trioxide. If required, a further reaction with hydrogen or carbon gas is carried out so as to get the pure metal from tungsten trioxide. Tungsten pent oxide, also called mineral blue, is a blue solid formed by the reaction of tungsten trioxide and tungsten metal at 700 degree Celsius.
Tungsten Oxide Market: Emerging Applications and Drivers
Tungsten oxide has several everyday uses. It is used in the manufacture of tungstates for fireproofing fabrics, for x-ray screen phosphors, and in gas sensors. Tungsten trioxide is also used as a pigment in coatings, paints, and ceramics due to its rich yellow color. In addition, tungsten trioxide has also proven useful in the production of smart windows or electro chromic windows. Smart windows are essentially electrically switchable glass that can alter its light transmission properties when a certain voltage is applied. This allows the user to obtain the desired level of tint on their windows by deciding how much light they want passing through.
The growth in end user industries is expected to increase consumption of tungsten oxide. The growth in medical and firefighting industry is set to drive the tungsten oxide market. In addition, rising consumption of semi-conducting compounds in emerging economies of Asia Pacific and Latin America is expected to boost demand for tungsten oxide. However, availability of substitutes and fluctuating raw material prices could hamper the growth of the market.
Tungsten Oxide Market: Regional Dynamics
Growth in tungsten oxide demand is expected to be led by the Asia Pacific market, particularly China which accounted for majority of consumption in 2013. Major manufacturers of tungsten compounds are relocating their production facilities to China due to availability of cheap labor, infrastructure and attractive government policies. Republic of Korea, India, Vietnam, Malaysia, Cambodia, Australia, New Zealand and Sri Lanka are other major consumers of tungsten oxide in Asia Pacific. North America and Europe are mature markets and expected to experience moderate growth.
Tungsten Oxide Market: Competitive Overview
The tungsten oxide market is dominated by large and medium corporations. Some of the key players in the market are The Metal Powder Company Limited (India), Triveni Chemicals (India), Intelligent Materials Pvt. Ltd (India), Kurt J. Lesker Company (North Ameria), Wolf Minerals Ltd (Australia), Ormonde Mining plc (Ireland), Midwest Tungsten Service (U.S.), Chengdu Huarui Industrial Materials Co., Ltd. (China) and Ganxian Shirui New Material Co., Ltd. (China) among others.
Companies are using strategic acquisitions and mergers to remain competitive market. In addition, companies are developing new and innovative tungsten oxide products to increase their market share. Furthermore, companies are expanding their presence in emerging economies of Asia Pacific due to presence of large number of end user industries.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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