Ammonium paratungstate is a white colored crystalline salt of tungsten and ammonium. It is available in the powder form. Generally, ammonium paratungstate is obtained by separating tungsten from various ores. It is produced from the ammonium solution of tungstic acid. After preparation of ammonium, the paratungstate is heated till the desired decomposition temperature reaches 6000C in order to produce tungsten oxide and tungsten elemental powder. Tungsten powder is used in various applications such as tungsten alloys, bars, and wires.

Rise in demand for universal intermediate products, such as ammonium paratungstate, for the production of tungsten derivatives owing to its excellent chemical and physical properties is a key factor anticipated to fuel the ammonium paratungstate market in the near future. Increase in demand for tungsten alloys in the manufacture of superior cutting tools, drilling, and mining equipment is expected to propel the ammonium paratungstate market during the forecast period. The market is estimated to experience significant disparity in terms of demand and supply, specifically from tungsten manufacturers, due to the uncertainty of international prices of ammonium paratungstate. This is projected to hamper the demand for ammonium paratungstate in the near future. 

Ammonium Paratungstate Market: Segmentation

Based on type, the global ammonium paratungstate market can be bifurcated into pseudo-rhombic needle and triclinic plate. The triclinic plate segment is likely to be the dominant segment during the forecast period. The triclinic plate is highly used to manufacture tungsten powder and oxides for various metal applications. This is expected to boost the demand for ammonium paratungstate in the next few years. Based on end-user industry, the ammonium paratungstate market can be segregated into aerospace, hard metal, electronics, ceramics, and chemical. The hard metal segment is anticipated to account for prominent share of the market during the projected period. Rise in usage of ammonium paratungstate in the manufacture of tungsten carbide, cutting tools, and metal alloys is a key factor anticipated to fuel the demand for ammonium paratungstate during the forecast period. Hard metal is also widely used in steel cutting, boring, and other metalworking applications. Thus, ammonium paratungstate is estimated to be a highly attractive product type during the forecast period. 

Ammonium Paratungstate Market: Region-wise Outlook

Based on region, the global ammonium paratungstate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute prominent share of the global ammonium paratungstate market during the forecast period. Presence of large number of end-user industries such as automotive, mining, and metal is driving the market in the region. Rise in usage of ammonium paratungstate in automotive and metal industries is also a key factor expected to boost the demand for ammonium paratungstate during the projected period. China is likely to remain a dominant country for ammonium paratungstate in the near future. The Government of China is protecting tungsten ore extraction due to large deposits across the country. This is boosting the demand for ammonium paratungstate. The market in North America is anticipated to expand at rapid pace, followed by that in Europe, owing to the strong presence of aerospace, automotive, and, mining industries. The U.S. consist of robust prominence in the manufacturing of several electronic machinery, devices, and equipment. Rise in demand for electronic devices are likely to boost ammonium paratungstate market between the forecast time 2018 and 2026. Latin America and Middle East & Africa is estimated to be rapidly growing regions of the global ammonium paratungstate market, led by the improvement in economic conditions and rapid industrialization in these regions during the forecast period.  

Ammonium Paratungstate Market: Key Players

Large number of companies operate in the global ammonium paratungstate market.  Prominent manufacturers of ammonium paratungstate market include Global Tungsten and Powder, Central Drug House, Swastik Tungsten Pvt Ltd, Sun Industries, Inframat Advanced Materials, Sajan Overseas, GEM CO., LTD, United Wolfram, Chongyi Zhangyuan Tungsten Co., LTD., and Dayu Jincheng Tungsten Industry Co., Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Ammonium Paratungstate Market

Pre Book