Tungstic Acid Market 2025-2035

Description

List of Tables

Tungstic Acid Market Size, Share & Trends Analysis Report by Product Type (Monohydrate and Hemihydrate), and by End Use Industry (Plastic, Chemical, and Textile (Textile Mordant and Textile Dye), Forecast Period (2025-2035)

Industry Overview

Tungstic acid market was valued at $57.8 million in 2024 and is projected to reach $98.5 million by 2035, growing at a CAGR of 5.1% during the forecast period (2025-2035). The global tungstic acid market is experiencing steady growth, supported by its expanding role across multiple industrial applications. Increasing utilization in specialty chemicals, pigments, and catalysts is significantly boosting demand globally. Industries are adopting tungstic acid for its performance benefits in advanced material processing and manufacturing. Moreover, its value in enhancing product durability and resistance is gaining attention across sectors. Key producers are focusing on innovation to meet the specific needs of end-users.

Market Dynamics

Rising Demand from the Chemical Industry

The chemical sector is one of the leading consumers of tungstic acid, where it is widely used in the preparation of catalysts and specialty compounds. Growing investment in advanced materials has increased the demand for tungstic acid-based chemicals across multiple industries. Companies such as H.C. Starck Tungsten GmbH are focusing on strengthening their portfolio to meet this industrial requirement. The product's role in pigment and corrosion-resistant formulations further supports its adoption. With chemical companies seeking more durable and efficient raw materials, tungstic acid has become an essential input. This ongoing demand underscores its strategic importance in driving global market growth.

Expanding Applications in Plastics and Polymers

The plastics industry is increasingly integrating tungstic acid as an additive due to its flame-retardant and stability-enhancing properties. Its ability to improve the thermal and mechanical characteristics of polymers is driving wider adoption. Global Tungsten & Powders Corp. (GTP) has been actively involved in supplying tungstic acid tailored for polymer applications. Manufacturers are recognizing their potential in enhancing safety standards across multiple plastic-based products. Rising demand in the automotive, construction, and packaging sectors is accelerating this trend. As a result, tungstic acid is establishing itself as a critical material for next-generation polymer solutions.

Market Segmentation

Based on the product type, the market is segmented into monohydrate and hemihydrate.
Based on the end-use industry, the market is segmented into plastic, chemical, and textile (textile mordant and textile dye).

Monohydrate Segment to Lead the Market with the Largest Share

Monohydrate-based tungstic acid holds a significant position owing to its versatile use in specialty formulations. Its stability and compatibility with various industrial processes make it a preferred choice for manufacturers. Ganzhou Grand Sea W&Mo Group Co., Ltd. has been actively producing monohydrate variants to cater to both domestic and international markets. Industries utilize this type for enhanced performance in chemical synthesis and advanced coatings. Its demand is further amplified by ongoing research into high-purity grades. This sustained uptake is contributing strongly to the global tungstic acid market expansion.

Chemical Industry: A Key Segment in Market Growth

The chemical sector remains a primary growth driver as tungstic acid finds applications in catalysts, dyes, and corrosion-resistant products. Its ability to act as a functional intermediate has broadened its scope in specialized formulations. H.C. Starck Tungsten GmbH continues to innovate within this space, supplying materials tailored to industrial chemical needs. Increasing demand for durable and high-performance compounds is further reinforcing its relevance. Manufacturers are also emphasizing sustainability, aligning well with tungstic acid's adaptable properties.

Regional Outlook

The global tungstic acid market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Increasing Advancements in Chemicals, Plastics, and Materials Engineering in Europe

In Europe, demand for tungstic acid is being supported by advancements in chemicals, plastics, and materials engineering. The region's focus on innovation and sustainability has encouraged wider adoption of tungstic acid-based products. Wolfram Bergbau und Hutten AG, based in Austria, has been a key supplier meeting this rising demand. Industries in the region are leveraging tungstic acid for its value in coatings, catalysts, and specialty chemicals. The strong regulatory push towards high-quality materials also supports its market acceptance. This positions Europe as a steady contributor to global market growth.

Asia-Pacific Region Dominates the Market with a Major Share

Asia-Pacific represents the most dynamic region, with rising consumption across plastics, textiles, and chemical industries. Strong industrialization in China and India has accelerated the adoption of tungstic acid in multiple applications. Xiamen Tungsten Co., Ltd. plays a vital role in supplying tungstic acid across regional and global markets. The growth of the plastics sector in the region has further elevated its importance as a performance-enhancing additive. Moreover, expanding exports of tungsten-based products strengthens the regional market outlook. These factors collectively drive Asia-Pacific as a leading hub for tungstic acid production and consumption.

Market Players Outlook

The major companies operating in the global tungstic acid market include China Minmetals Corp., Global Tungsten & Powders Corp. (GTP), H.C. Starck Tungsten GmbH, Xiamen Tungsten Co., Ltd., Zhuzhou Cemented Carbide Group Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In July 2025, American Tungsten Corp. to provide a corporate update on its ongoing efforts to rehabilitate the historic IMA Mine in Patterson, Idaho, and advance its expanded drilling programme. This programme is a critical step toward unlocking long-term value and reinforcing the Company's position to play a vital role in the ore supply of tungsten in North America for defense, industrial, and technology applications.
In April 2023, H.C. Starck Tungsten Powders is marketing special tungsten powders for use in lithium-ion batteries under the 'starck2charge' product brand. This is the company's second trademark within a short period of time, following the recent introduction of 'starck2print' for products and services in the field of 3D printing. The company, a subsidiary of Vietnamese Masan High-Tech Materials Group, has recently made considerable progress in the growth sector of lithium-ion batteries. In July 2022, for example, it acquired a 15 percent stake in British startup Nyobolt, that aims to launch a tungsten-based anode technology for ultra-fast-charging batteries in the near future.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global tungstic acid market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2023582

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Tungstic Acid Market Sales Analysis - Product Type | End Use Industry| ($ Million)
Tungstic Acid Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Tungstic Acid Market Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Tungstic Acid Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Tungstic Acid Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Tungstic Acid Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - Tungstic Acid Market Revenue and Share by Manufacturers
Tungstic Acid Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. China Minmetals Corp.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Global Tungsten & Powders Corp. (GTP)
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. H.C. Starck Tungsten GmbH
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Xiamen Tungsten Co., Ltd.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Zhuzhou Cemented Carbide Group Co., Ltd.
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Tungstic Acid Market Sales Analysis by Product Type ($ Million)

5.1. Monohydrate
5.2. Hemihydrate

6. Global Tungstic Acid Market Sales Analysis by End Use Industry ($ Million)

6.1. Plastic
6.2. Chemical
6.3. Textile
- 6.3.1. Textile Mordant
- 6.3.2. Textile Dye

7. Regional Analysis

7.1. North American Tungstic Acid Market Sales Analysis - Product Type | End Use Industry| Country ($ Million)
Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
7.2. European Tungstic Acid Market Sales Analysis - Product Type | End Use Industry| Country ($ Million)
Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Asia-Pacific Tungstic Acid Market Sales Analysis - Product Type | End Use Industry| Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Tungstic Acid Market Sales Analysis - Product Type | End Use Industry| Country ($ Million)
Macroeconomic Factors for Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa

8. Company Profiles

8.1. ALMT Corp.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Buffalo Tungsten Inc.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. China Minmetals Corp.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Chongyi Zhangyuan Tungsten Co., Ltd.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Ganzhou Grand Sea W & Mo Group Co., Ltd.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. Global Tungsten & Powders Corp. (GTP)
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. H.C. Starck Tungsten GmbH
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Hitachi Metals, Ltd.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Jiangxi Tungsten Industry Group Co., Ltd.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Kennametal Inc.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Mid-West Tungsten Service, Inc.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Plansee Group
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Reade International Corp.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. TaeguTec Ltd. (IMC Group)
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Tejing Tungsten Co., Ltd.
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Umicore S.A.
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. Wolfram Bergbau und Hutten AG
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. Wolfram Company JSC
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. Xiamen Tungsten Co., Ltd.
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
8.20. Zhuzhou Cemented Carbide Group Co., Ltd.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies