Tungstic Acid Market
Global Tungstic Acid Market Size, Share & Trends Analysis Report by Product Type (Monohydrate and Hemihydrate), and by End Use Industry (Plastic, Chemical, and Textile (Textile Mordant and Textile Dye) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global tungstic acid market is projected to grow at a CAGR of 2.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the growth in the end use industries such as plastics, chemicals, and textiles. Tungstic acid is mainly used as a colorant in these industries, thereby, the growth in such industries is likely to contribute to the growth of the market during the forecast period. In the textile industry, it is used primarily as a dying agent and mordant; whereas, other uses of tungstic acid include an analytical reagent, boron tungstate, water treatment agent, catalyst, fireproof, and waterproof materials manufacturing, and so on. Besides, tungstic acid is also used in the manufacturing of ammonium para-tungstate, for making various tungsten products including tungsten wires, sodium tungstates, powders, and others. Hence, attributing to such a wide range of use, there is likely to be an increased demand for the tungstic acid across various industries, which, thereby, drives the growth of the global market during the forecast period.
Segmental Outlook
The global tungstic acid market is segmented on the basis of product type and end use industry. Based on the product type, the market is segmented as monohydrate and hemihydrate. Based on the end use industry, the market is segmented as plastic chemical, and textile. The textile segment is further segmented as textile mordant and textile dye.
Textile segment to Hold a Substantial Share in the Global Tungstic Acid Market
Amongst the end use industry segment of the global tungstic acid, the textile segment is projected to hold the most lucrative share in the market. The textile segment is further segmented as textile mordant and textile dye. The segmental growth of the market is accredited to the highest use of tungstic acid in the textile industry in the coloring of textiles. Thus, the growth in the textile industry segment is expected to prompt the need for tungstic acid, which in turn will drive the growth of the market. The prominent factors such as growth in the population, environmental concerns, and favorable government regulations and trade agreements, increasing purchasing power of the consumers, and industrialization are driving the textile market. This, therefore, is likely to drive the growth of the tungstic acid market during the forecast period.
Global Tungstic Acid Market, by End Use Industry 2020 (%)
Regional Outlook
The global tungstic acid market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the tungstic acid market in the region. The regional growth of the market is accredited to the growth in the textile industry in the key economies of the Asia-Pacific region during the forecast period. For instance, India holds significant potential in the textile market. As per the IBEF, India has developed as the second fastest-growing economy, globally, and is anticipated to be one of the top three economic powers by the end of 2025, supported by its strong institutions and trade partnerships. This is likely to create a wide scope for the growth of the market over the forecast period.
Further, the European region is also likely to grow substantially in the global tungstic acid market attributing to the well-established chemical sector in the region as well as the presence of prominent players such as H.C. Starck GmbH, Merck KgaA (Sigma Aldrich), and Tungsten Compounds GmbH among others operating in the market.
Global Tungstic Acid Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global tungstic acid market include American Elements, Evans Chem India Pvt. Ltd., Ganzhou CF Tungsten Co., Ltd., H.C. Starck GmbH, Merck KgaA (Sigma Aldrich), Muby Chem Group, Sisco Research Laboratories Pvt. Ltd., Trifine Industries, and Tungsten Compounds GmbH among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global tungstic acid market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Tungstic Acid Market by Product Type
5.1.1. Monohydrate
5.1.2. Hemihydrate
5.2. Global Tungstic Acid Market by End Use Industry
5.2.1. Plastic
5.2.2. Chemical
5.2.3. Textile
5.2.3.1. Textile Mordant
5.2.3.2. Textile Dye
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. American Elements
7.2. Angene Chemical
7.3. Evans Chem India Pvt. Ltd.
7.4. Ganzhou CF Tungsten Co., Ltd.
7.5. H.C. Starck GmbH
7.6. Helix Multichem
7.7. Merck KgaA (Sigma Aldrich)
7.8. Muby Chem Group
7.9. Oakwood Products Inc.
7.10. Sisco Research Laboratories Pvt. Ltd.
7.11. Trifine Industries
7.12. Tungsten Compounds GmbH
7.13. Yogi Dye Chem Industries
1. GLOBAL TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL BUILDING-BASED TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SHIPPING CONTAINER-BASED TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2020-2027 ($ MILLION)
5. GLOBAL AEROPONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL HYDROPONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL AQUAPONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
9. GLOBAL SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL LIGHTING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL CLIMATIC CONTROLS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL IRRIGATION COMPONENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL BUILDING MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL OTHER COMPONENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
18. NORTH AMERICAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2020-2027 ($ MILLION)
19. NORTH AMERICAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
20. EUROPEAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2020-2027 ($ MILLION)
23. EUROPEAN TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
28. REST OF THE WORLD TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2020-2027 ($ MILLION)
30. REST OF THE WORLD TUNGSTIC ACID MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
1. GLOBAL TUNGSTIC ACID MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
2. GLOBAL TUNGSTIC ACID MARKET SHARE BY END USE INDUSTRY, 2020 VS 2027 (%)
3. GLOBAL TUNGSTIC ACID MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
4. GLOBAL TUNGSTIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. US TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
7. UK TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
13. INDIA TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
14. CHINA TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
16. ASEAN TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
17. SOUTH KOREA TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF ASIA-PACIFIC TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
19. REST OF THE WORLD TUNGSTIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
