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The Global Tungsten Carbide Market is valued at USD 18.16 Billion in 20121 and is expected to reach USD 26.24 Billion by 2028 with a CAGR of 5.4% over the forecast period.
Growing consumption of tungsten carbide in several applications is one of the forefront factors anticipated to drive the growth the global Tungsten Carbide Market.
Scope of Global Tungsten Carbide Market Report-
Tungsten carbide is an essential member of the class of inorganic compounds. With high strength in fabrication, low thermal expansion, high density, and many other beneficial aspects are responsible for the endless applications of the tungsten carbide. Tungsten carbide possesses the most unique attributes.
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Key Players for Global Tungsten Carbide Market Report–
Major market players in the global tungsten carbide market are Umicore, CERATIZIT S.A., Extramet Products, LLC, Kennametal Inc, American Elements, Global Tungsten & Powders, Jiangxi Yaosheng Tungsten Company Ltd, Zigong Huagang Cemented Carbide New Materials Company, H.C Starck, Reade International Corporation, Guangdong Xianglu Tungsten Company Ltd, Nanchang Cemented Carbide Co. Ltd, Manu, and Sales Corporation, Eurotungstene, and others.
Global Tungsten Carbide Market Segmentation:-
Plansee Group Acquired Mi-Tech Tungsten Metals
On January 11th, 2022; The Plansee Group, has signed a definitive agreement to acquire Mi-Tech Tungsten Metals. Mi-Tech will be purchased by the Plansee Group through its U.S. company Global Tungsten & Powders (GTP), which specialised in tungsten powder manufacture. With the acquisition of Mi-Tech, the company is bolstering its tungsten product market position in North America.
Kennametal Announced New Tungsten Carbide Grade Additive Material for oil and gas applications
On September 14th, 2021; Kennametal Inc. launched KAR85-AM-K, its most corrosion resistant tungsten carbide grade for metal additive manufacturing. It’s only available when used with Kennametal’s binder jet 3D printing capability to create completely completed wear components.
Dyze Design Launched Tungsten Carbide Nozzles for Desktop FDM Machines
On February 23rd, 2018; Dyze Design, a 3D printing accessory company, recently launched a Kickstarter campaign for a set of Tungsten Carbide Nozzles that are compatible with a variety of FDM desktop machines. The nozzle is compatible with a variety of machines, including Ultimaker, Prusa, Monoprice, and Raise3D, and allows for the 3D printing of a composite material with great wear and abrasion resistance.
Market Dynamics Of Tungsten Carbide Market
Global Tungsten Carbide market report has the best research offerings and the required critical information for looking new product trends or competitive analysis of an existing or emerging market. Companies can sharpen their competitive edge again and again with this business report. The report comprises of expert insights on global industries, products, company profiles, and market trends. Users can gain unlimited, company-wide access to a comprehensive catalog of industry-specific market research from this industry analysis report. The market report examines industries at a much higher level than an industry study.
Table of Content: Global Tungsten Carbide Market Research Report
Chapter 1: Global Tungsten Carbide Industry Overview
Chapter 2: Global Economic Impact on Tungsten Carbide Market
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Tungsten Carbide Market Industry Value Chain
Chapter 9: Tungsten Carbide Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Tungsten Carbide Market Forecast Period
Chapter 14: Future Of The Market
Substantial research & development activities carry out by some players that comprises offering training to covering recent information on new technology, materials and techniques to innovative practice solutions, will complement the market growth is also explained. Frequent technological advances, superior portability, and ease of handling for Tungsten Carbide are boosting adoption in home and alternate care settings as well. Furthermore, non-profit and government initiatives, and awareness programs, and an influx of funding for research studies have positively influenced developments within the industry.
Global Tungsten Carbide Market: Regional Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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