Tungstic acid is required for the production of zinc pyrithione. This acid is employed as a catalyst in the first stage of zinc pyrithione production. Zinc pyrithione is a necessary step in the production of anti-dandruff shampoos.
According to Fact.MR analysis, the zinc pyrithione market has grown at a CAGR of more than 3% over the last half-decade, and is expected to grow even faster in the next years. This is expected to have a domino effect on the global tungstic acid market, which is expected to reach a valuation of US$ 50 million by the end of 2031.
Key Market Segments Covered in Report
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Grade
- 2N
- 3N
- 4N
- 5N
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Product Type
- Tungstic Acid Monohydrate
- Tungstic Acid Dihydrate
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Function
- Reagents
- Intermediates
- Mordants/Dyes
- Others
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Application
- Chemical Production
- Catalysts
- Tungsten Products
- Textile Production
- Chemical Production
Takeaways from the Market Research
Over the projection period of 2021 to 2031, the tungstic acid market is expected to provide a value opportunity of roughly US$ 13.5 Mn, representing a 1.4X increase in value over 2021.
The catalysts segment is expected to continue to dominate the tungstic acid demand pie over the long term forecast period.
East Asia, particularly China, will have tungstic acid supply supremacy in 2021, a trend that is expected to continue until the conclusion of the forecast period.
Over the last half-decade, 2N tungstic acid has been a widely utilised grade.
Through 2031, the markets in the United States, China, and India are expected to grow at a CAGR of roughly 4% each.
