PUBLISHER: Grand View Research | PRODUCT CODE: 1814131
PUBLISHER: Grand View Research | PRODUCT CODE: 1814131
The Middle East tungsten market size was estimated at USD 41.6 million in 2024 and is projected to reach USD 61.9 million by 2033, reflecting a CAGR of 4.4% from 2025 to 2033. Market growth is underpinned by tungsten's critical role in producing hard metals and precision tooling.
Tungsten carbide, an ultra-hard compound formed by combining tungsten with carbon, is extensively utilized in manufacturing cutting tools, drill bits, mining equipment, and high-performance industrial machinery components. Tungsten's superior density, hardness, and high melting point make it indispensable in the Middle East's defense and aerospace sectors. In 2024, increased defense budgets across Saudi Arabia, the UAE, and Qatar, alongside ongoing modernization programs, drove demand for tungsten-based armor-piercing projectiles, missile components, and aircraft counterweights. Regional ammunition production, supported by partnerships with global OEMs, increasingly incorporates tungsten carbide-based penetrators. The aerospace sector is also benefiting from tungsten demand growth, with the Middle East acting as a hub for aircraft maintenance, repair, and overhaul (MRO), and major carriers like Emirates and Qatar Airways expanding fleets. Global aircraft manufacturing gains in 2025, as Boeing and Airbus ramped up deliveries, further increased regional procurement of tungsten alloys for control surfaces, engine components, and balance weights.
In the automotive sector, particularly in high-performance and electric vehicles (EVs), tungsten usage is rising due to its exceptional thermal and wear resistance. While most EV manufacturing remains concentrated in China and Europe, the Middle East is becoming a growing consumer and re-export hub for premium EV brands. The GCC's luxury car market, supported by rising disposable incomes and EV adoption incentives in the UAE and Saudi Arabia, is driving imports from Tesla, Porsche, BMW, and NIO, all of which are expanding their use of tungsten alloys in motor assemblies, battery connectors, brake systems, and turbochargers. This creates new opportunities for regional suppliers and aftermarket service providers to handle specialized tungsten-based components.
The oil & gas and mining industries are key pillars of tungsten demand in the Middle East. In 2024, with oil prices stabilizing and upstream exploration activity recovering, national oil companies such as Saudi Aramco increased procurement of tungsten carbide drill bits and wear parts to withstand extreme temperatures and pressures in deep drilling. Mining projects in Saudi Arabia, Oman, and Morocco, spanning phosphate, gold, and copper, rely on tungsten-based rock fragmentation and ore extraction tools. These activities have sustained steady demand for high-performance tooling, particularly from regional manufacturers and distributors in the UAE and Turkey.
Middle East Tungsten Market Report Segmentation
This report forecasts revenue and volume growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the Middle East tungsten market report on the basis of form and end use: