Core Viewpoint - The price of tungsten has reached historical highs due to supply-demand dynamics, with black tungsten concentrate prices rising by 18.2% from April to May 2023, and ammonium paratungstate (APT) prices increasing by 17% in the same period [1][2]. Supply Dynamics - The overall supply of tungsten raw materials is decreasing, primarily due to a reduction in mining quotas and declining ore grades in existing mines. The first batch of tungsten mining quotas for 2025 has been set at 58,000 tons, a decrease of 4,000 tons from the previous year [2][3]. - Major tungsten production regions in China, such as Jiangxi and Hunan, are experiencing quota reductions, with Jiangxi's quota down by 2,370 tons compared to the previous year [2]. - The tightening of mining regulations and the decline in ore grades from older mines are significant factors contributing to the reduced supply [3]. Demand Potential - There is potential for growth in tungsten demand across various sectors, including PCB cutting tools, low-altitude economy, and emerging technologies like controlled nuclear fusion and additive manufacturing [3][4]. - The rapid development of new energy vehicles is expected to drive demand for tungsten in specific applications, despite a potential short-term decline in demand from the steel metallurgy sector [4]. Industry Outlook - Industry experts maintain an optimistic outlook for the tungsten sector, anticipating continued price increases due to limited supply and rising production costs [5][6]. - The current price levels are seen as undervalued, with expectations for tungsten prices to stabilize around a new higher price center [6]. - The demand for tungsten in photovoltaic applications is also expected to grow, contributing to a positive long-term outlook for the tungsten industry [6].

热喷涂设备是一种用于将涂层材料喷涂在不同基材表面的技术和设备。这些设备使用热源（如火焰、等离子 弧、电弧等）来将涂层材料加热到熔化或半熔化状态，然后借助高速气流将其雾化成极细的颗粒，并以很高的 速度喷射到预处理过的基材上，形成涂层。热喷涂设备通常包括喷涂枪、涂层材料供给系统、热源、冷却系统 和控制系统。 热喷涂设备全球市场总体规模 据 QYResearch 调研团队最新报告"全球热喷涂设备市场报告 2025-2031 "显示，预计 2031 年全球热喷涂设备市 场规模将达到 4.2 亿美元，未来几年年复合增长率 CAGR 为 2.0% 。 全球 热喷涂设备 市场前 13 强生产商排名及市场占有率（基于 2024 年调研数据；目前最新数据以本公司最新 调研数据为准） 图. 热喷涂设备 ，全球市场规模，按产品类型细分，等离子喷涂处于主导地位 就产品类型而言，目前等离子喷涂是最主要的细分产品，占据大约 31.2% 的份额。 图. 热喷涂设备 ，全球市场规模，按应用细分，发电是最大的下游市场 就产品类型而言，目前发电是最主要的需求来源，占据大约 18.0% 的份额。 图. 全球 热喷涂设备 规模，主要销售地区份额（按 ...