Tungstic Acid Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028

Status : Ongoing | Report Code : FACT1245MR

Tungstic Acid Market: Introduction

Tungstic acid is a hydrated form of WO3 (tungsten trioxide). The modest form is monohydrate WO3·H2O and WO3·2H2O (dihydrate). The arrangement of WO3·H2O in the solid form comprises layers, which have octahedrally coordinated WO5(H2O) units and 4 vertices are shared. Dihydrate has an identical layer structure with the further H2O molecule added among the layers. The WO3·H2O monohydrate is insoluble in water and yellow in colour and formed in solid form.

Tungstic acid is also known as an acid of wolfram. It is manufactured in the powdered form, which is yellow in colour and is finely-grained with a remarkable fine grain size distribution with a uniform morphology, high reactivity and a high degree of chemical purity. Tungstic acid is manufactured by the action of strong acids on solutions of alkali metallic tungstates. It can also be prepared from the reaction between sodium tungstate and hydrogen carbonate as well as from pure tungsten by reaction with hydrogen peroxide. Attributing to the above said distinctive product qualities of tungstic acid, special applications and high sensitivity, the demand for tungstic acid is expected to grow during the forecast period, thereby propelling the overall growth of the tungstic acid market

Tungstic Acid Market: Dynamics

Tungstic acid is of the one of the key intermediary chemicals in the tungsten market, which is solely prepared from APT to make the usage of high purity APT levels. To prepare for high quality of APT, the aqueous slurry of APT is reacted with tungstic acid and hydrochloric acid, from which tungstic acid (H2WO4.nH20) is precipitated, after that which is then filtered, washed and then dried. Tungstic acid has high dynamic surface and is only used in minor amounts for distinct purposes such as in the production of WC powders, tungsten chemicals, and ultrafine tungsten.

Growing production of plastics across the globe, coupled with the increasing use of tungstic acid in fire proofing fabrics, as a reagent in the production of uric acid, in the clinical analysis of blood, in the production of tungsten metal compound and its derivatives, is expected to lead the demand for tungstic acid during the forecast period.

Fluctuation in the prices of raw materials, coupled with a sudden fall in the demand for tungstic acid, is expected to act an obstacle in the growth of the tungstic acid market during the forecast period.

Tungstic Acid Market: Segmentation

The tungstic acid market can be segmented on the basis of end use industry as:

  • Plastic
  • Textile
  • Chemical
  • Others

The tungstic acid market can be segmented on the basis of application as:

  • Surface-Coating
  • Tungsten Metal Production
  • Organometallic Tungsten Compounds Production
  • Catalysis
    • Heterogeneous
    • Homogenous
  • Fine Chemistry
  • Others

Tungstic Acid Market: Regional Outlook

Asia Pacific is expected to witness significant demand for tungstic acid during the forecast period. This can be attributed to the growing chemical industry in the region, which is leading to an increase in the production of organometallic tungsten compounds, coupled with the growing use of tungstic acid in the fine chemistry segment.

North America and Europe are expected to witness a rise in the demand for tungstic acid during the forecast period, owing to the increasing application of tungstic acid in surface coatings. The rest of the world is estimated to witness steady growth in the tungstic acid market during the forecast period, owing to the growing textile and plastic industry, which is contributing to the overall growth of the tungstic acid market,

Tungstic Acid Market: Market Participants

Examples of some of the market participants in the tungstic acid market are:

  • H.C. Starck
  • Yogi Dye Chem Industries
  • Evans Chem
  • Forbes Pharmaceuticals
  • Santa Cruz Biotechnology
  • Trifine Industries
  • Aurora Fine Chemicals LLC
  • Oakwood Products
  • AKos Consulting & Solutions
  • CheMall Corporation
  • Angene Chemical

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Tungstic Acid Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028