Global Tungsten Carbide Powder Market, By Application (Machine Tools & Components, Dies & Punches, Cutting Tools, Abrasive Products), Grade (Rotary Drilling & Mining Grades, Submicron Grades, Metal Forming & Wear Grades, Corrosion Resistant Grades, General Purpose Grades, Others), End Use (Mining & Construction, Transportation, Industrial Engineering, Oil & Gas, Aerospace & Defense), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Tungsten Carbide Powder Market
Tungsten carbide powder market will reach an estimated valuation of USD 94.76 million by 2027, while registering this growth at a rate of 4.80% for the forecast period of 2020 to 2027.
Tungsten carbide powder can be define as chemical compound containing atoms of tungsten and carbide which can be moulded into various shapes for usage in industrial machines, cutting tools, jewellery, abrasives or others tools. Tungsten carbide powder is characterised by intense strength, high thermal, and extreme stiffness. The powder gets stored in sealed polythene lined steel drums after formation. Micro grain tungsten carbide powder can be used for nozzles, circuit board drills, and end mills whereas fine powder is used for cutting tools.
Expansion of sectors like transportation, construction, engineering industry and rising demand for energy minerals such as coal has given rise to mining industry which will fuel market growth whereas rapid urbanization and improving infrastructure giving rise to construction activities and being alternative for depleted uranium in anti tank shells will be driving factor for market. In addition tungsten carbide powder is resistant to fracture and breakage has application in 3D printing procedure which uses laser melting process for printing metals which will create lucrative opportunities for market in coming years. However high toxicity property for tungsten carbide powders and oversupply of tungsten market in China are restraining factor for market
Tungsten carbide powder market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Tungsten carbide powder market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Tungsten Carbide Powder Market Scope and Market Size
Tungsten carbide powder market is segmented on the basis of application, grade and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of grade, tungsten carbide powder market is segmented into rotary drilling & mining grades, submicron grades, metal forming & wear grades, corrosion resistant grades, general purpose grades and others.
- Tungsten carbide powder market is segmented in terms of application into machine tools & components, dies & punches, cutting tools and abrasive products.
- On the basis of end use, tungsten carbide powder market is segmented into mining & construction, transportation, industrial engineering, oil & gas and aerospace & defense.
Tungsten Carbide Powder Market Country Level Analysis
Tungsten carbide powder market is analysed and market size, volume information is provided by country, application, grade and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market due to the rapid expansion of industrialization along with rising construction industry. Moreover China is the largest supplier of tungsten make easy availability of raw material in region market which will boost region market growth. North America region is expected to hold the largest growth rate due to rising drilling and mining activities in region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tungsten Carbide Powder Market Share Analysis
Tungsten carbide powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tungsten carbide powder market.
The major players covered in the tungsten carbide powder market report are Sandvik AB, Kennametal Inc., CERATIZIT S.A., Federal Carbide Company, GuangDong XiangLu Tungsten Co. Ltd., JAPAN NEW METALS CO. LTD, China Tungsten, Reade International Corp., Chongyi Zhang Yuan Tungsten Co. Ltd., Merck KGaA and H.C. GmbH, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.