Ammonium Metatungstate Market

The ammonium metatungstate market is projected to grow from USD 0.90 billion in 2025 to USD 1.16 billion by 2030, at a CAGR of 5.2% during the forecast period.

The market for ammonium metatungstate (AMT) is witnessing steady growth driven by its expanding use across catalyst, metallurgy, and advanced material applications. AMT serves as a key precursor for tungsten-based catalysts used in hydrocracking, desulfurization, and denitrification processes, with demand rising as global fuel standards tighten and refineries adopt cleaner, more efficient technologies. In metallurgy, it is increasingly utilized for producing tungsten oxides, metal powders, and carbides essential for hard metals, cutting tools, and wear-resistant alloys. Additionally, AMT’s role in emerging electronic, energy, and coating materials has strengthened its demand in high-value sectors. The shift toward more sustainable, aqueous-based tungsten processing routes and growing downstream integration in major producing regions further support the market’s upward trajectory.

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The major players active in the AMT market are based in North America, Europe, and the Asia Pacific. H.C. Starck Tungsten GmbH (Germany), Global Tungsten & Powders (US), Masan High-Tech Materials Corporation (Vietnam), Ganzhou Grand Sea Tungsten Co., Ltd. (China), Ereztech LLC (US), Ganzhou CF Tungsten Co., Ltd (China), United Wolfram (India), ATT Advanced Elemental Materials Co., Ltd. (US), Noah Chemicals (US), and North Metal & Chemical Co. (US) are among a few leading players operating in the AMT market. Significant attention has been dedicated to developing cost-effective manufacturing technology in the market to meet evolving global demands. Key players have implemented various growth strategies to solidify their market position. These strategies encompass deals, mergers and acquisitions, collaborations, partnerships, investments, and expansions, all aimed at enhancing their presence in the AMT market.

H.C. Starck Tungsten GmbH (Germany)

H.C. Starck Tungsten Powders is a leading global supplier of advanced tungsten materials with a strong focus on tungsten chemicals, tungsten metal, and tungsten carbide powders. Its operations are fully integrated across the value chain, spanning from chemical intermediates to advanced powders, complemented by extensive recycling capabilities that secure raw material supply and support a circular economy approach. The company’s headquarters and largest site in Goslar, Germany, plays a central role, housing research & development, high-purity chemical production, and consolidated recycling operations. In Canada, H.C. Starck produces tungsten metal and carbide powders for the North American market, serving critical applications in the hard metal and oil & gas industries. Through its joint venture in China, the company manufactures tungsten metal and carbide powders for China’s high-end market. Additionally, a joint venture in Vietnam focuses on tungsten chemical production, strengthening its presence in Asia and securing upstream access to raw materials.

Global Tungsten & Powders (US)

Global Tungsten & Powders (GTP), part of the Plansee Group, is one of the key producers of tungsten and tungsten carbide powders, with over seventy-five years of experience in the tungsten industry. Headquartered in Pennsylvania, the company also operates facilities in Luxembourg and Jyväskylä, Finland (Tikomet), giving it a strong global manufacturing and supply presence. GTP’s production capabilities cover the entire tungsten value chain. The Towanda site produces ammonium paratungstate (APT), tungsten oxide, tungsten metal powder (WMP), tungsten carbide (WC), and semi-finished and finished parts and components. The company also processes tungsten heavy alloy (WHA) powders into components used primarily in aerospace and defense applications. This integrated setup allows GTP to serve diverse end markets such as hard metals, industrial tooling, and high-performance materials.

Masan High-Tech Materials Corporation (Vietnam)

Masan High-Tech Materials Corporation (MHT), a subsidiary of Masan Group, is one of the world’s leading integrated manufacturers of high-tech materials, specializing in tungsten, fluorspar, copper, and bismuth. Established in 2010 as part of Masan Group’s strategic expansion into the resources sector, MHT has evolved from a mining-focused enterprise into a globally recognized advanced materials producer, operating across the entire value chain—from extraction and refining to the manufacturing of high-value chemical and metallurgical products. Headquartered in Vietnam, the company operates one of the world’s largest polymetallic mineral resources and chemical processing plants, located at Nui Phao, Thai Nguyen Province. This world-class facility produces a wide range of products, including tungsten concentrate, ammonium paratungstate (APT), and ammonium metatungstate (AMT), alongside fluorspar, copper, and bismuth concentrates. The tungsten segment remains the cornerstone of MHT’s portfolio, driving innovation through advanced downstream products such as AMT, which serves critical applications across catalysts, electronics, aerospace, and defense industries.

Ganzhou Grand Sea Tungsten Co., Ltd. (China)

Ganzhou Grand Sea Tungsten Co., Ltd. (Grand Sea Tungsten), formerly known as Ganzhou Grand Sea W&Mo Group Co., Ltd., is a leading Sino-foreign joint venture with Kyocera Corporation of Japan. The company operates a state-of-the-art production base in Huangbu Industrial Park, Shangyou County. Grand Sea Tungsten boasts a fully integrated industrial chain, spanning from tungsten salt processing to hard alloy production. Its diversified product portfolio includes sodium tungstate, ammonium paratungstate (APT), tungsten oxide, tungsten and tungsten carbide powders, cemented carbide products, tungsten and molybdenum rods, bars, wires, and plates, serving customers across Europe, America, Japan, and South Korea. Its joint venture, Kyocera Precision Tools (Ganzhou) Co., Ltd., focuses on indexable insert manufacturing. With over 400 employees, including 50 R&D specialists, Grand Sea Tungsten continues to strengthen its technological and operational capabilities. The company holds more than 100 national patents and has been recognized as a National High-Tech Enterprise, Jiangxi Provincial Enterprise Technology Center, and a “Specialized, Refined, and New” SME.

Ereztech LLC (US)

Ereztech is a US-based custom synthesis manufacturer specializing in high-purity organometallic, inorganic, and organic compounds for advanced materials, semiconductors, electronics, coatings, and energy sectors. The company leverages deep expertise in molecular synthesis and a robust R&D framework, supported by more than 50 Ph.D./M.Sc. Scientists, enabling the design, scale-up, and manufacturing of deposition precursors and air-sensitive materials for applications in atomic layer deposition (ALD), chemical vapor deposition (CVD), photovoltaics, and specialty chemicals. Ereztech operates through a proprietary BridgeForward approach and its 25grams test batch program, guiding clients from feasibility and molecular development to high-volume manufacturing with comprehensive project management. With a product catalog of over 1,100 compounds, including rare-earth, transition metal, and tungsten derivatives, Ereztech supports precise customer requirements, dual sourcing, and supply chain assurance for mission-critical chemical building blocks.
 
AMMONIUM METATUNGSTATE MARKET: COMPANY EVALUATION MATRIX

In the AMT market matrix, H.C. Starck Tungsten Powders maintains a leading position, backed by its high-purity product range, advanced processing capabilities, and established presence across catalyst, metal powder, and specialty chemical applications. The company’s consistent quality, traceability, and process innovation continue to drive its dominance among industrial and research-grade users. Meanwhile, Ganzhou Grand Sea Tungsten Co., Ltd. is emerging as a strong challenger, gaining traction through cost-effective production and expanding supply capacity for catalyst and chemical feedstock applications. While H.C. Starck leads through technological depth and quality assurance, Ganzhou Grand Sea shows promising potential to move upward in the matrix as global demand for reliable, high-purity, and sustainable tungsten chemicals continues to increase.

AMMONIUM METATUNGSTATE MARKET: MARKET RANKING

The ranking of companies in the AMT market is based on several key factors that reflect their market position, capabilities, and overall contribution to the industry. The top five players in the AMT market have been identified based on their revenue, market share, product offerings, production capacity, innovation, technological advancements, geographical presence, strategic partnerships, financial performance, and sustainability efforts. These key players continue to lead the AMT market by maintaining a competitive edge by delivering high-quality ammonium metatungstate to various end-use industries. Major players operating in the market include H.C. Starck Tungsten GmbH (Germany), Global Tungsten & Powders (US), Masan High-Tech Materials Corporation (Vietnam), Ganzhou Grand Sea Tungsten Co., Ltd. (China), Ereztech LLC (US), Ganzhou CF Tungsten Co., Ltd (China), United Wolfram (India), ATT Advanced Elemental Materials Co., Ltd. (US), Noah Chemicals (US), and North Metal & Chemical Co. (US).

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Ammonium Metatungstate Market by Raw Material (Virgin Ore Route, Secondary/ Recycled Route), Form (Powder, Aqueous Solution, Crystalline), Grade, Application, End-use Industry, and Region - Global Forecast to 2030

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