TheGlobal Tungsten Carbide Market research report recently published by EmergenResearch is a comprehensive guide for business development and working. Theglobal Tungsten Carbide market is expected to grow at a high CAGR in theforecast period of 2020-2027. Rising investments and technological advancementsare expected to significantly drive the growth of the market throughout theforecast period.
InFebruary 2020, Switzerland based medical device manufacturer, Clariant Plastics& Coatings Healthcare Polymer Solutions developed a product named Mevopur.The technology utilizes tungsten carbide as a metallic filler in order for itto resist degradation which occurs when exposed to extreme humidity andtemperature.
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Further key findings from the report suggest
· In February2020, Switzerland based medical device manufacturer, Clariant Plastics &Coatings Healthcare Polymer Solutions developed a product named Mevopur. Thetechnology utilizes tungsten carbide as a metallic filler in order for it toresist degradation which occurs when exposed to extreme humidity andtemperature.
· Cementedcarbide is forecasted to bring lucrative business to the market and is likelyto capture a market valuation of 48.8% by 2027. Tungsten carbide possessesproperties such as low wear resistance, low abrasion resistance, high pressureresistance, and durability. Large numbers of manufacturers prefer tungstencarbide due to the unique combination of these characteristics and their costeffectiveness..
· Forecasted togrow at a CAGR of 5.1%, the mining and construction segment is projected toregister a potential growth which can be attributed to the growing number ofmining activities across the developing nations Additionally, the automotivesegment is also likely to project a significant growth throughout theforecasted period because of the growing usage of tungsten carbide in themanufacturing of automobiles.
Thereport also covers the SWOT analysis of the key competitors and containsfeasibility analysis, investment return analysis, and Porter’s Five ForcesAnalysis.
Regional Analysis:
Theregional analysis states the global market is bifurcated into The report alsocovers import export consumption, supply and demand ratio, cost, pricinganalysis, gross margin, and revenue estimation of each player in each region.
· NorthAmerica (U.S., Canada)
· Europe(U.K., Italy, Germany, France, Rest of EU)
· AsiaPacific (India, Japan, China, South Korea,Australia, Rest of APAC)
· LatinAmerica (Chile, Brazil, Argentina, Rest ofLatin America)
· MiddleEast & Africa (Saudi Arabia,U.A.E., South Africa, Rest of MEA)
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Key Benefits of the Global Tungsten Carbide Report:
· Comprehensiveanalysis of the changing competitive landscape
· Assistsin decision making processes for the businesses along with strategicrecommendations to circumvent barriers and challenges efficiently
· Thereport offers an 8-year forecast and assessment of the Global Tungsten CarbideMarket
· Acomprehensive regional analysis of the Global Tungsten Carbide Market andinsights into the regions anticipated to show lucrative growth
· Detailedanalysis of the factors influencing the growth of the Global Tungsten CarbideMarket
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At Emergen Research, we believe in advancing with technology. We area growing market research and strategy consulting company with an exhaustiveknowledge base of cutting-edge and potentially market-disrupting technologiesthat are predicted to become more prevalent in the coming decade.
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