Tungsten Oxide Market: Introduction
Tungsten oxide is obtained from minerals including ferberite, wolframite, and scheelite. While tungsten oxide is insoluble in acids and water, it does dissolve in hot alkalis. Tungsten oxide nanoparticles come in the form of nanofluids or oxide particles exhibiting magnetism. They are also available in high purity, coated, dispersed, and transparent forms. Used as a solid acid catalyst for several organic reactions, tungsten oxide plays a key role in environmental catalysis which includes the reduction of nitric oxides. Owing to its range of attributes including photocatylic, gas sensing, electrochromic, and photoluminescent, tungsten oxide has gained increasing significance in the recent years. Out of all its properties, the photochromic characteristics is the most prominent one owing to ability of the tungsten oxide film to undergo optical coloration post application of voltage.
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Tungsten Oxide Market: Dynamics
The increasing application of nanomaterials in textiles owing to its enhanced functionalized attributes and properties is fueling the demand for tungsten oxide as a nanoparticle. The electrostatic and ultraviolet resistance offered by the tungsten oxide nanoparticles allows it to find its application in fire resistant fabric manufacturing. Moreover, the emerging advancement in the firefighting industry is expected to further trigger the growth of the tungsten oxide market in the forthcoming years.
Owing to the photochromic and electrochromic characteristics, tungsten oxide could be used in photosensitive materials, electro- and photochromic devices, and biomedicine. Apart from its antibacterial properties, tungsten oxide could also be used for computer tomography as an X-ray contrast agent. Moreover, researchers around the world are studying the capabilities of the tungsten oxide. Recent revelations of a study conducted by the Russian scientists unveil the capabilities of tungsten oxide for fighting infections and even disease like cancer. With such developments in the medical industry, the tungsten oxide market is expected to project noticeable growth.
Apart from its endless properties and characteristics, the tungsten oxide application is subjected to environmental regulations. Moreover, with the inclusion of tungsten in the critical metal list presented by European Union in the year 2017 showcases the risks associated with the supply of this metal. Such aspects could hamper the growth of the tungsten oxide market.
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Tungsten Oxide Market: Segmentation
The tungsten oxide market is segmented on the basis of type and application in the research report on tungsten oxide market. On the basis of type, the tungsten oxide market is segmented as blue tungsten oxide, tungsten trioxide, and others.
The breakdown of the tungsten oxide market on the basis of application consists of segments including metal, colorant, analysis reagents, fireproof fabric, and others. With the help of the research report it is easy to evaluate the most lucrative application segment and comprehend the tungsten oxide market in-depth.
Tungsten Oxide Market: Regional Outlook
The geographical segregation of the tungsten oxide market included in the report highlights the spread of the market across the globe to understand the contribution of key regions in the growth of the global tungsten oxide market. The report includes a regional analysis of the tungsten oxide market in terms of the production of tungsten oxide with a focus on major regions including Europe, United States, Japan, China, and others.
However, the consumption of the tungsten oxide market is looked at in a deeper sense with the inclusion of regions such as Canada, United States, North America, Mexico, China, India, Asia-Pacific, South Korea, Japan, Indonesia, UK, Australia, Thailand, Philippines, Malaysia, Germany, Vietnam, France, Europe, Italy, Russia, rest of Europe, Central & South America, Brazil, rest of South America, Egypt, Middle East & Africa, Turkey, GCC Countries, South Africa, and the rest of Middle East & Africa.
Key players are looking for opportunities in the lucrative regions across the globe. For example, with the introduction of mining facilities in Uzbekistan and the acquisition of tungsten plant in Vietnam by Masan Resources Corporation showcases the opportunities in the Asia-Pacific region.
Tungsten Oxide Market: Key Players
Market players in the tungsten oxide market are seen expanding their facilities for business growth. The report includes the key players in the tungsten oxide market including The Metal Powder Company Triveni Chemicals, Kurt J. Lesker, Intelligent Materials, Wolf Minerals, Midwest Tungsten Service, Chengdu Huarui Industrial Materials, Ganxian Shirui New Material, and Ormonde Mining.
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