Latin America Tungsten Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$0.9

Forecast, 2030 (US$M)

$1.2

CAGR, 2024 - 2030

4.2%

Report Coverage

Latin America

Latin America tungsten market, 2018-2030 (US$M)

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Latin America tungsten market highlights

The Latin America tungsten market generated a revenue of USD 0.9 million in 2023.
The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
In terms of segment, aerospace & defense was the largest revenue generating application in 2023.
Aerospace & Defense is the most lucrative application segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023	USD 0.9 million
Market revenue in 2030	USD 1.2 million
Growth rate	4.4% (CAGR from 2023 to 2030)
Largest segment	Aerospace & defense
Fastest growing segment	Aerospace & Defense
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Aerospace & Defense

Other key industry trends

In terms of revenue, Latin America region accounted for 2.5% of the global tungsten market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 19.7 million by 2030.

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Tungsten Market Scope

Tungsten market segmentation & scope

Application

Aerospace & Defense

Construction

Automotive

Mining & Energy

Electronics & Robotics

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Canada

Mexico

U.S.

Denmark

France

Germany

Italy

Norway

Spain

Sweden

Australia

China

India

Japan

Malaysia

Singapore

South Korea

Thailand

Argentina

Brazil

Kuwait

Saudi Arabia

South Africa

UAE

Tungsten Market Companies

Name	Profile	# Employees	HQ	Website

Latin America tungsten market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to tungsten market will help companies and investors design strategic landscapes.

Aerospace & defense was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America tungsten market based on aerospace & defense covering the revenue growth of each sub-segment from 2018 to 2030.

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Target buyers of Latin America tungsten market databook

Our clientele includes a mix of tungsten market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America tungsten market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America tungsten market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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