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 covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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After the economy went sluggish for a considerable period of time, the construction industry is again in the rise. Tungsten carbide is being used rapidly across the construction industry. This is because carbide tools have the potential to withstand extremes of temperatures as compared to the conventional steel tools. It is also used to cut tough materials like stainless and carbon steel.
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.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Tungsten Carbide market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Tungsten Carbide market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Competitive Terrain:
The Global Tungsten Carbide Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length
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)
- Cemented Carbide
- Coatings
- Alloys
- Others
- End User Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace and Defense
- Automotive
- Mining and Construction
- Electronics
- Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Tungsten Carbide Key Coverage of report:
Tungsten Carbide Market share valuations of the segments on a country and global level.
Tungsten Carbide Market share analysis of the major market players.
Opportunities and growth prospects for the new Tungsten Carbide7 market entrants.
Tungsten Carbide Market forecast for all the segments, sub-segments of the market.
Tungsten Carbide Market Trends (drivers, restraints, opportunities, challenges, threats, investment opportunities, and approvals)
Strategic endorsements in the key business segments on the basis of Tungsten Carbide market valuations.
Competitive landscape mapping of the key development patterns.
Company profiling with detailed strategies, financial details, and recent developments.
Latest supply chain trends and technological advancements.
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Table of Content
Chapter 1. Tungsten Carbide Market Methodology & Sources
1.1. Tungsten Carbide Market Definition
1.2. Tungsten Carbide Market 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, 2018-2028
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. Increasing energy consumption and prices
4.2.2.2. Rising government policies regarding energy efficiency
4.2.2.3. Increasing smart grid services
4.2.3. Market restraints analysis
4.2.3.1. Highly competitive with presences of local & global players
4.2.3.2. Present challenging economic conditions due to the pandemic
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 Form Factor Insights & Trends, Revenue (USD Billion)
Chapter 6. Tungsten Carbide Market By Input type Insights & Trends Revenue (USD Billion)
Chapter 7. Tungsten Carbide Market By Application Insights & Trends, Revenue (USD Billion)
Chapter 8. Tungsten Carbide Market By End-use Insights & Trends, Revenue (USD Billion)
Chapter 9. Tungsten Carbide Market Regional Outlook
Continued…
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