Press release
Tungsten Carbide Powder Market Is Thriving Worldwide by Top Leading Vendors like Sandvik AB , Kennametal , Ceratizit S.A., Extramet, Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd., Nanchang Cemented Carbide Co., Ltd.
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Major Key Players of this Report
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.
In addition, construction market is also growing, with the increasing large-scale investments in various infrastructure-related projects these are driving adoption of these tungsten carbide powder. In construction industry, tungsten carbide is used in machining and fabricating equipment, such as cutting tools, and so on. Tungsten carbide is used in coating titanium or steel equipment that are used in construction & mining activities. The growing demand for heavy machineries, such as loaders, evacuators, rollers, and cranes, among others, has fueled the growth of the tungsten carbide powder market. According to the global construction perspective and oxford economics organization of UK, the global volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. Further, Emerging alternative to depleted uranium and Adoption of tungsten carbide in 3D printing technology is expected to create growth opportunity in the market over the forecast period. However, Oversupply of tungsten by China impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Tungsten Carbide Powder market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to witness moderate growth region across the world owing to the growing g oil & gas industry in the U.S. coupled with exploration of shale gas. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as high economic growth rate, investments made across various industries, such as mining & construction, automotive, oil & gas, and aerospace & defense, would create lucrative growth prospects for the Tungsten Carbide Powder market across Asia-Pacific region.
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The detailed segments and sub-segment of the market are explained below:
By Grade:
Rotary Drilling & Mining
Metal Forming & Wear
Submicron
Corrosion Resistant
General Purpose
Others
By application:
Machine Tools & Components
Cutting Tools
Dies & Punches
Abrasive Products
Others
By end-use industry:
Mining & Construction
Industrial Engineering
Transportation
Oil & Gas
Aerospace & Defense
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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