What is Refractory Metals Market Scope?
Refractory metals are a group of metals range consisting of elements that are highly heat resistant and wear-resistant than metals. The different types of elements such as molybdenum (Mo), rhenium (Re), niobium (Nb), tungsten (W), and tantalum (Ta) are included. Refractory metals are used in the line of hot surface applications like wire filaments, tools, chemical vessels, casting molds, etc. Refractory metals in addition to being resistant to thermal stress and other physically induced activities can also withstand physical wear and corrosion caused by the chemical agents.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 6K Inc. (United States), Addman Engineering (United States), DuPont (United States), Daikin Industries, Ltd. (Japan), Thermbond Refractory Products (United States), Elmet Technologies (United States), Ultramet (United States) and R.D. Mathis Company (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Refractory Metals market study is being classified by Type (PTFE, PVDF, Fluoroelastomer and Others), by Application (Wire Filaments, Tools, Chemical Vessels, Casting Molds and Others) and major geographies with country level break-up.
6K Inc. (United States), Addman Engineering (United States), DuPont (United States), Daikin Industries, Ltd. (Japan), Thermbond Refractory Products (United States), Elmet Technologies (United States), Ultramet (United States) and R.D. Mathis Company (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Refractory Metals market by Type, Application and Region.
On the basis of geography, the market of Refractory Metals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 4th January 2022, Addman Engineering expands its refractory metals expertise with the acquisition of Castheon. This investment affirms Addman’s strategic proposition in space,” commented Joe Calmese. Castheon has made major breakthroughs in technology to print refractory metals, including demonstrated success in difficult applications such as reaction control system (RCS) thrusters for spacecraft customers.
On 8th September 2021, 6K Additive, a division of 6K, the leader in the production of sustainable advanced materials for additive manufacturing and energy storage, announced the commercial availability of refractory metal powders for additive manufacturing. Materials such as tungsten, rhenium, tungsten/rhenium, and niobium-based powders used for defense, aerospace, and medical industries are sought after materials for high-temperature, high-strength applications.
"The Refractory Metals Association serves to promote and expand the markets for refractory metals: tungsten, molybdenum, tantalum, columbium, chromium, rhenium, vanadium, boron, hafnium, cobalt, and the rare earth metals, principally cerium, lanthanum, and yttrium. Member companies must be commercially engaged in North America in the production of refractory metals and/or alloys 50% or more of which consist of refractory metals. They cooperate with governmental agencies so as to provide maximum service to the government and and foster an awareness of ecological responsibility."
Influencing Market Trend
- Rising Utilization of Refractory Metals in Aerospace and Defence Applications
Market Drivers
- Growing Number of Industrial Activities
- Demand for Highly Resistance Metals
Opportunities
- Increasing Research and Development Activities in the Refractory Metals Application
- Surging Electrochemical Processing Activities will Boost the Refractory Metals Market
Restraints
- Regulatory Guidelines and Standards Associated with the Refractory Metals Production and Distribution
Challenges
- Threat of Local Players in the Refractory Metals Market
Key Target Audience
Refractory Metals Manufacturers, Refractory Metals International Traders, Refractory Metals Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Customization available in this Study:
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