Refractory Metals Market Size, Share, Trends and Report - 2034
Refractory Metals Market Outlook According to a report by Expert Market Research (EMR), the global refractory metals market attained a value of USD 146.08 million in 2024. Characterised by its strategic applications in high-temperature environments and specialised industrial processes, the market is projected to grow at a moderate CAGR of 1.80% during the forecast period of 2025-2034, reaching an estimated value of USD 174.61 million by 2034. Refractory metals, including tungsten, molybdenum, tantalum, niobium, and rhenium, are metals that exhibit exceptional resistance to heat and wear. These metals possess high melting points, remarkable mechanical strength at elevated temperatures, and excellent corrosion resistance, making them indispensable in aerospace, electronics, chemical processing, and energy sectors. Their unique properties allow them to withstand extreme operating conditions that conventional metals cannot tolerate, thus positioning refractory metals as critical mate...