Tungsten Market Size, Technological Advancements, and Forecast 2024–2030
Tungsten Market Forecast to Reach USD 9.51 Billion by 2030 Amid Rising Industrial Demand
Market Estimation & Definition
The Tungsten Market was valued at USD 5.55 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8% from 2024 to 2030, reaching approximately USD 9.51 billion by 2030. Tungsten, known for its exceptional hardness, high melting point, and resistance to corrosion, is extensively utilized in various industries, including aerospace, automotive, mining, and electronics.
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