Press release
Tungsten Carbide Powder Market Outlook 2024: Market Trends, Segmentation, Market Growth And Competitive Landscape Sandvik, Kennametal, Ceratizit & More
Tungsten Carbide Powder Market– Industry Trends and Forecast to 2024
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.
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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.
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.
Market Overview:
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)
Gain Full Access of Tungsten Carbide Powder Market Report along with complete TOC https://databridgemarketresearch.com/toc/?dbmr=tungsten-carbide-powder-market
Key Insights in the report:
• Historical and current market size and projection up to 2025.
• Market trends impacting the growth of the global tungsten carbide powder market.
• Analyze and forecast the tungsten carbide powder market on the basis of market type and application.
• Trends of key regional and country-level markets for market type and application.
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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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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.
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