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Global Tungsten Carbide Powder Market 2018 Research Report Overview by Top Key Players, Opportunities, Key Drivers, Application and Regional Outlook To 2024

Press release from: Data Bridge Market Research
Global Tungsten Carbide Powder Market Growth 2025
Global Tungsten Carbide Powder Market Growth 2025


Global Tungsten Carbide Powder Market By Grade (Rotary Drilling & Mining Grades, Metal Forming & Wear Grades, Submicron Grades, Corrosion Resistant Grades, General Purpose Grades, Other Grades); By Application (Machine Tools & Components, Cutting Tools, Dies & Punches, Abrasive Products) By End-use (Mining & Construction, Industrial Engineering, Transportation, Oil & Gas, Aerospace & Defense) – Industry Trends and Forecast to 2024

Tungsten Carbide Powder Market - Market Analysis:

The Global Tungsten Carbide Powder Market accounted for USD 15.22 billion in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors/Players:

Some of the major players in tungsten carbide powder market include Sandvik AB, Kennametal Inc., Ceratizit S.A., Extramet, Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd, Nanchang Cemented Carbide Co., Ltd., Jiangxi Yaosheng Tungsten Co., Ltd., Japan New Metal Co., Ltd., China Tungsten Online (Xiamen) Manu. & Sales Corp., Eurotungstene, Reade International Corporation, Buffalo Tungsten Inc., Lineage Alloys, Inc., DMEGC, Global Tungsten & Powders (GTP), Zigong Huagang Cemented Carbide New Materials Co., Ltd., H.C. Starck and many more.

Tungsten Carbide Powder Market - Market Definition:

Tungsten carbide powder is a compound containing atoms of tungsten and carbide. Tungsten carbide powder can be pressed and molded into different shapes and sizes for usage in cutting tools, abrasives, industrial machinery, jewelry, and other tools & equipment. This powder is characterized by high thermal conductivity, extreme stiffness, and intense strength. The latest trend in this market is high demand from industrial machinery apart from the transportation, mining & industrial engineering sectors. Besides, growing mining & construction, industrial engineering, transportation, oil & gas, aerospace & defense industries are further driving market demand for tungsten carbide.

Competitive Landscape:

The global tungsten carbide powder market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Tungsten Carbide Powder Market - Market Segmentation:

The tungsten carbide powder market is segmented on the basis of grade into rotary drilling & mining grades, metal forming & wear grades, submicron grades, corrosion resistant grades, general purpose grades, and other grades

On the basis of application, the market is segmented into machine tools & components, cutting tools, dies & punches, abrasive products and others.

On the basis of end-user, the market is segmented into mining & construction, industrial engineering, transportation, oil & gas, aerospace & defense and others.

On the basis of geography, the tungsten carbide powder market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.

Major Market Drivers:

• Growing demand for industrial machinery
• Increasing product demand in transportation, mining, construction and industrial engineering sector

Market Restraints:

• Highly toxic property of tungsten carbide powders
• Oversupply of tungsten by China

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:
Vishal Dixit
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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