PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793913
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793913
Global Tungstic Acid Market to Reach US$46.9 Million by 2030
The global market for Tungstic Acid estimated at US$40.9 Million in the year 2024, is expected to reach US$46.9 Million by 2030, growing at a CAGR of 2.3% over the analysis period 2024-2030. Monohydrate Tungstic Acid, one of the segments analyzed in the report, is expected to record a 2.9% CAGR and reach US$29.8 Million by the end of the analysis period. Growth in the Dihydrate Tungstic Acid segment is estimated at 1.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$11.1 Million While China is Forecast to Grow at 4.6% CAGR
The Tungstic Acid market in the U.S. is estimated at US$11.1 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$9.0 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Global Tungstic Acid Market - Key Trends & Drivers Summarized
Why Is Tungstic Acid Integral to High-Performance Materials and Catalysis?
Tungstic acid is crucial in producing tungsten metal, catalysts, and corrosion-resistant compounds. It’s used in electronics, X-ray shielding, pigments, and petrochemical catalysts. Its stability under high temperatures makes it ideal for extreme applications.
In electronics, it is essential for semiconductors and microfabrication. It also serves as a precursor for advanced materials in aerospace and industrial coatings.
How Are Advanced Manufacturing and Sustainability Demands Influencing Tungstic Acid Use?
Cleaner synthesis methods-like sol-gel and hydrothermal techniques-are improving purity and environmental performance. Recycling of tungsten scrap is gaining traction, supporting circular economy goals.
Research is expanding into tungstic acid’s roles in energy storage, fuel cells, and photocatalysis. These potential applications in green energy and environmental remediation are opening new frontiers for growth.
The Growth in the Tungstic Acid Market Is Driven by Several Factors…
Growth is fueled by demand in electronics, petrochemicals, and advanced catalysts. Expansion of semiconductor and high-performance coatings sectors is boosting consumption. Circular manufacturing practices and R&D in green technologies are also amplifying tungstic acid’s industrial relevance.
SCOPE OF STUDY:
The report analyzes the Tungstic Acid market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Monohydrate Tungstic Acid, Dihydrate Tungstic Acid); Function (Reagent Function, Intermediates Function, Mordants / Dyes Function, Other Function); Application (Chemicals Production Application, Textile Production Application)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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