Ammonium Paratungstate Market (By Product - Pseudorhombic Needle APT, Triclinic Plate APT; By Product - Pseudorhombic Needle APT, Triclinic Plate APT) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Ammonium paratungstate is a white, finely separated, crystalline material. It is manufactured by evaporation of purified ammonium tungstate solution to gain pure paratungstate crystals. Variations of time, concentration, heat,and pH, determine the purity and physical properties of the ammonium paratungstate crystals.Several intermediates such as, tungsten blue oxide, tungsten trioxide,ammonium metatungstate and tungstic acid can be derived from APT, either by chemical conversion or thermal decomposition. These powders are furtherutilized to make several products including wire, billets, cutting tools, mining tools, welding electrodes among others. Significant end users of ammonium para tungstsate include aerospace industry, electronics industry, and petrochemical industry among others.

Market Dynamics

High utility in end use industries for a wide variety of applications is anticipated to drive its demand throughout the forecast period. The high performance physical and chemical properties of ammonium paratungstateis also expected to boost the growth of global market over the forecast period. The major companies in this market have adopted the strategy of agreements & partnerships as the target industries demand innovations in this market. The emerging markets such as India and China are anticipated to boost the demand for single crystal ammonium paratungstatethus, driving the growth of overall market. The volatility in raw material prices is expected to hamper the growth of global ammonium para tungstsate market over the forecast period. In addition to this, the high manufacturing cost adds to the challenge of entering this industry for new entrants.

Market Classification and Overview

The global ammonium para tungstsate market is bifurcated on the basis of product, end userand geography. On the basis of product, the market is classified as pseudorhombic needle APT and triclinic plate APT.On the basis of end user, the market is classified as aerospace, electronics, petrochemicalsand others. Petrochemicals is expected to hold the major share in the global market over the forecast period. This is mainly attributed to its end use as an intermediary product to other tungsten products in the electronics and chemical sector. The aerospace segment is expected to witness the highest growth in terms of revenue over the forecast period.

Regional Overview

The market for ammonium para tungstsate is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacificwas the major contributor to the growth of ammonium para tungstsate market in 2015, owing to the increase in the industrial development in this region. North America region is also anticpated to hold a significant share in the global market followed by Asia-Pacific. The market for ammonium para tungstsatein Asia-Pacific is further projected to witness highest growth in coming years owing to rapid increase in end-use industries and awareness about the sustainable resources in the region.

Report Coverage

Market Participants

GTP, Wolfram, GEM, Longxintai Tungsten, Omkar Chemicals, Sajanoverseas, Nova Oleochem Limited,H.C. Starck, Jiangxi Tungsten Industry, Xianglu Tungsten, and Zhangyuan Tungsten the key players in the ammonium para tungstsatemarket.  These players involved have adopted the strategies including expansion in the developing regions in order to tap the underlying opportunities in these markets.

Market Segmentation

Market ByProduct

• Pseudorhombic Needle APT
• Triclinic Plate APT

Market ByEnd user

• Aerospace
• Electronics
• Petrochemicals
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA