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High-melting metals are those that have a melting point above 100°C. They are also known as refractory metals. They are used in numerous businesses for diverse uses. Some of the most shared high-melting metals comprise tungsten, molybdenum, tantalum, niobium, and rhenium. Each metal has exceptional features that make it appropriate for different uses such as wire filaments, wires, molds, vessels, and others. They enhance efficiency and offer resistance to harsh weather conditions. The increasing demand for high-performance composites in the aerospace and defense segments is aiding the progress of the market. The application of high-melting metals in medical transplants and other medical equipment is also driving the market growth.
Business Research insights states that the global high-melting metals market size was USD 2,506.72 million in 2020. The market is expected to display a stunning CAGR of 8.58% during the forecast period.
Interrupted Supply Chains & Manufacturing During COVID-19
The sudden COVID-19 pandemic outbreak prompted the installation of strict lockdown measures across a number of countries, which disrupted the import and export of liquid argon. Attributed to lockdowns, travel restrictions, and company closures, the COVID-19 pandemic had an impact on the economies and sectors of numerous nations. A reduction in the supply of raw materials was noticeable, which disrupted the supply chains. Such factors resulted in an economic influence on the companies and manufacturing facilities.
Business Research insights mentions 10 key players functioning in the market.
1. Tejing Tungsten (China)
2. Sanher Tungsten (Vietnam)
3. H.C. Starck (Germany)
4. A.L.M.T. (Tokyo)
5. Plansee Group (Austria)
6. CBMM (Brazil)
7. Molymet (Chile)
8. Codelco (Chile)
9. JDC (U.S.)
10. CMOC (China)
Types of High-melting Metals:
1. Molybdenum Metal
Molybdenum is a chemical element that is silver-white in color. It does not arise naturally as a free metal on earth. It has the sixth-highest melting point of any component with a very high boiling point. It does not rust in air, but can produce injurious sulfides and oxides when heated in the existence of sulfur and oxygen. It also has low reactivity to other elements, which makes it supreme in high-temperature uses.
2. Niobium Metal
Niobium is a chemical element that is light gray in color. It is crystalline and ductile in nature. It originates in niobite ore, which is a mineral holding tantalum, lithium, aluminum, and oxygen. It is primarily used to produce super alloys for missiles, spacecraft, and jet engines. It is also used in pharmaceutical and clinical equipment.
3. Tungsten Metal
Tungsten is a chemical element that is gray to white in color. It is present in most alloys, which has several uses in various applications such as ray tubes, bulb filament, and electrodes. It is the only metal in the third transition series that occurs in biomolecules. It is also used in tools and wear parts where high strength and resistance to scratch are essential.
4. Rhenium Metal
Rhenium is a chemical element that is silver-white in color. It is shiny, malleable, and ductile in nature. It has a melting point of 3,300⁰C and the highest boiling point. It is corrosive free in air at room temperature.
5. Tantalum Metal
Tantalum is also known as tantalium that is blue-gray in color. It is a rare, hard, shiny transition metal that is extremely corrosion resistant. It is a part of refractory metals, which are extensively used as small components in alloys. It is used in various industries such as medical implants, electronics, aerospace, engineering, automotive, and chemical processing. The major use of tantalum is in capacitors for electronic kits.
Increasing Adoption in Industrial Sector
The increasing demand for good-quality electronics is anticipated to surge the product adoption by electronic producers. The growing awareness concerning the advantages of high-melting metals due to their durability and resistive properties to increase the lifetime of electronic tools is likely to foster market growth. Further, there is growing usage of smartphones, TV, tablets, and laptop sales. The growing adoption for high temperature-resistant resources has inflated globally in tandem with the rise in construction of aerospace-related modules. Moreover, there is increasing demand for refractory metals from the steel sector for the production of furnaces along with an augmented demand from the electrical & electronics industry to fabricate high-quality strings and coils. Therefore, there is rising demand from various industries, such as aerospace, due to improved production and varied temperatures of metals.