has also proven useful in the production of smart windows or electro chromic windows . Smart windows are essentially electrically switchable glass that can alter its light transmission properties when a certain voltage is applied . This allows the user to obtain the desired level of tint on their windows by deciding how much light they want passing through .
The growth in end user industries is expected to increase consumption of tungsten oxide . The growth in medical and firefighting industry is set to drive the tungsten oxide market . In addition , rising consumption of semi-conducting compounds in emerging economies of Asia Pacific and Latin America is expected to boost demand for tungsten oxide . However , availability of substitutes and fluctuating raw material prices could hamper the growth of the market .
Tungsten Oxide Market : Regional Dynamics
Growth in tungsten oxide demand is expected to be led by the Asia Pacific market , particularly China which accounted for majority of consumption in 2013 . Major manufacturers of tungsten compounds are relocating their production facilities to China due to availability of cheap labor , infrastructure and attractive government policies . Republic of Korea , India , Vietnam , Malaysia , Cambodia , Australia , New Zealand and Sri Lanka are other major consumers of tungsten oxide in Asia Pacific . North America and Europe are mature markets and expected to experience moderate growth .
Tungsten Oxide Market : Competitive Overview
The tungsten oxide market is dominated by large and medium corporations . Some of the key players in the market are The Metal Powder Company Limited ( India ), Triveni Chemicals ( India ), Intelligent Materials Pvt . Ltd ( India ), Kurt J . Lesker Company ( North Ameria ), Wolf Minerals Ltd ( Australia ), Ormonde Mining plc ( Ireland ), Midwest Tungsten Service ( U . S .), Chengdu Huarui Industrial Materials Co ., Ltd . ( China ) and Ganxian Shirui New Material Co ., Ltd . ( China ) among others .
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