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Tungsten Oxide Market - Global Industry Analysis, Size, Trends and Forecast 2016 – 2024.

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

 

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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.

 

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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

 

 

 

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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