Tungsten Carbide Market Size is Expected to Thrive at Impressive CAGR by 2030 | Reports and Data

The report published on global Tungsten Carbide market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Tungsten Carbide offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.

Tungsten carbide is a compound consisting of tungsten and carbon atoms in roughly equal proportions. It is a fine grey powder in its most basic form, but it may be crushed and shaped into forms by smelting for use in industrial equipment, cutting machines, hand tools, grinding wheels, armor-piercing, ammunition, and jewelry. Their scraps may be recycled, making it a very valuable alloy for a wide range of uses. It may be shaped into a variety of forms, sharpened with accuracy, and fused with or attached to other metals. It is made by heating granulated tungsten with carbon black along with hydrogen at temperatures ranging from 1,400°C to 1,600°C. Toxicity from this chemical is expected to become a barrier to revenue growth of the market.

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The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Tungsten Carbide Market is expected to rise in the coming years.

Key Drives: During the forecast period, a substantial increase in demand in end-use enterprises is expected to increase consumption for the tungsten carbide market. Remarkable features of the material, are projected to drive future growth for the industry. It has become a prominent material in the manufacture of jewelry due to its great scratch resistance and hardness. Despite these advantages, the market for the chemical is expected to be hampered by its reasonably high cost as compared to other counterparts. It is an excellent uranium alternative in ammunition manufacture and several other end-use applications.

Major Companies in the Market Include:
Sandvik AB (Sweden)
Kennametal Inc. (U.S.)
Ceratizit S.A. (Luxembourg)
Extranet AG (Switzerland)
Federal Carbide Company (U.S.)
Nanchang Cemented Carbide Co. Ltd. (China)
Jiangxi Yaosheng Tungsten Co. Ltd. (China)
Japan New Metal Co. Ltd. (Japan)
China Tungsten (Xiamen)
Eurotungstene (France)

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Type Outlook (Revenue, USD Billion; 2019-2030)
Up to 1μm
1-10μm
10-50μm
Others

Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
Cemented Carbide
Tungsten Mill Products
Steel and Alloy
Others

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Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of the Tungsten Carbide Market

- Changes in industry market dynamics

- Detailed market segmentation by type, application, etc.

- Historical, current and projected market size in terms of quantity and value

- Recent industry trends and developments

- Competition situation of Tungsten Carbide Market

- Key companies and product strategies

- Potential niche segment/region showing promising growth.

Finally, the Tungsten Carbide Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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