Tungsten Carbide Powder Market

The global tungsten carbide powder market is projected to grow from USD 14.78 Billion in 2016 to USD 24.90 Billion by 2026, at a CAGR of 5.4% between 2016 and 2026.

The report "Tungsten Carbide Powder Market by Grade (Rotary Drilling & Mining, Metal Forming & Wear), Application (Machine Tools & Components, Cutting Tools), End-Use Industry (Mining & Construction, Industrial Engineering), and Region - Global Forecast to 2026", Increase in demand for tungsten carbide powder from the mining & construction, industrial engineering, and transportation end-use industries is propelling the growth of this market.

Browse 110 market data tables and 70 figures spread through 165 pages and in-depth TOC on “Tungsten Carbide Powder Market by Grade (Rotary Drilling & Mining, Metal Forming & Wear), Application (Machine Tools & Components, Cutting Tools), End-Use Industry (Mining & Construction, Industrial Engineering), and Region - Global Forecast to 2026”
https://www.marketsandmarkets.com/Market-Reports/tungsten-carbide-powder-market-232394795.html
Early buyers will receive 10% customization on reports.

The rotary drilling & mining segment is the fastest-growing grade segment of the global tungsten carbide powder market

The rotary drilling & mining grade segment accounted for the largest share of the global tungsten carbide powder market in 2016; this segment is projected to grow at the highest CAGR between 2016 and 2026. Increasing investments made towards the discovery of oil & gas resources is anticipated to drive the growth of the rotary drilling & mining grade segment.

The machine tools & components application segment is anticipated to grow at the highest CAGR from 2016 to 2026

The machine tools & components application segment of the global tungsten carbide powder market is projected to grow at the highest CAGR from 2016 to 2026. The increasing demand for machine tools & components from the mining & construction industry and the expansion of the industrial engineering and transportation sectors are factors anticipated to boost the growth of this segment.

The mining & construction segment is the fastest-growing end-use industry segment of the global tungsten carbide powder market

The mining & construction end-use industry segment accounted for the largest share of the global tungsten carbide powder market in 2016; this segment is projected to grow at the highest CAGR from 2016 to 2026. The increasing demand for tungsten carbide powder in the mining & construction industry, owing to its superior properties such as resistance to abrasion & impact, toughness, and hardness, has contributed to the growth of this market.

Asia-Pacific accounted for the largest share of the global tungsten carbide powder market in 2016

Asia-Pacific accounted for the largest share of the global tungsten carbide powder market in 2016. The growing demand for tungsten carbide powder from various end-use industries, such as mining & construction, industrial engineering, and transportation is driving the growth of the tungsten carbide powder market in the Asia-Pacific region.

Key players operational in the market include Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet (Switzerland), Federal Carbide Company (U.S.), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), Japan New Metal Co., Ltd. (Japan), China Tungsten Online (Xiamen) Manu. & Sales Corp. (China), and Eurotungstene (France).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]

Last updated on 17-May-2019