Tungsten Carbide Market – Industry Size, Development Strategy, Growth Rate, Historical Analysis, Competitive Landscape And Forecast to 2027

The global Tungsten Carbide Market will be worth USD 27.70 billion by 2027, according to a current analysis by Emergen Research. The rising demand for industrial machineries across various industries, like aerospace and defense, industrial engineering, transportation, and mining and construction, among others is expected to fuel the demand for tungsten carbide powder in the future. Additionally, with the growing emergence for metals, the requirement to raise their reserve base throughout multiple economies has made the major competitors to increase the expenditure regarding mining related and metal activities.

The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability. The report further analyses the impact of COVID-19 on the global Tungsten Carbide market and offers a futuristic outlook of the market in the post-COVID-19 world.

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Key Highlights From The Report.

• Cemented carbide is forecasted to bring lucrative business to the market and is likely to capture a market valuation of 48.8% by 2027. Tungsten carbide possesses properties such as low wear resistance, low abrasion resistance, high pressure resistance, and durability. Large numbers of manufacturers prefer tungsten carbide due to the unique combination of these characteristics and their cost effectiveness..
• Forecasted to grow at a CAGR of 5.1%, the mining and construction segment is projected to register a potential growth which can be attributed to the growing number of mining activities across the developing nations Additionally, the automotive segment is also likely to project a significant growth throughout the forecasted period because of the growing usage of tungsten carbide in the manufacturing of automobiles.
• Key participants include Sandvik AB, Ceratizit S.A., Nanchang Cemented Carbide Co., Ltd., China Tungsten Online, Kennametal Inc., Eurotungstene and Jiangxi Yaosheng Tungsten Co., Ltd. among others.

Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Tungsten Carbide Market on the application, end user and region:

• Application Outlook (Revenue, USD Billion; 2017-2027)
o Cemented Carbide
o Coatings
o Alloys
o Others
• End User Outlook (Revenue, USD Billion; 2017-2027)
o Aerospace and Defense
o Automotive
o Mining and Construction
o Electronics
o Others

The research report is an investigative study providing a conclusive view of the Tungsten Carbide business sphere by an in-depth segmentation of the market into key applications, types, and regions. These segments are analyzed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Tungsten Carbide industry in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The report gives a comprehensive analysis of the Tungsten Carbide market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Tungsten Carbide market throughout the forecast period.

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Key Summary of the Tungsten Carbide Market Report:

• Insightful information regarding the global Tungsten Carbide market
• Identification of growth in various segments and sub-segments of the Tungsten Carbide market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
• Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Tungsten Carbide Market Segmentation & Impact Analysis
4.1. Tungsten Carbide Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing number of application areas of tungsten carbide across multiple industries
4.2.2.2. Recyclable and reusable property of tungsten carbide
4.2.3. Market restraints analysis
4.2.3.1. Toxicity issues of tungsten if not handled property
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Tungsten Carbide Market By Application Insights & Trends, Revenue (USD Million)
5.1. Application Dynamics & Market Share, 2019 & 2027
5.1.1. Cemented Carbide
5.1.2. Coatings
5.1.3. Alloys
5.1.4. Others

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