The global Tungsten Carbide market was valued at US$ 968.2 million in 2019 and it is expected to reach US$ 1218.1 million by the end of 2026, growing at a CAGR of 4.4% during 2021-2026.
Tungsten is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.
APAC is the largest consumer, who owned 70.37% share in global consumption market in 2019, followed by North America, with 16.54%.
In terms of types, 1-10μm type occupied the largest production output of 45.82% in 2019.
Based on the application, the consumption volume of Cemented Carbide accounted for 69.28% of global share in 2019.
Global Tungsten Carbide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tungsten Carbide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Xiamen Tungsten, Chongyi ZhangYuan Tungsten, GuangDong XiangLu Tungsten, Global Tungsten & Powders, China Tungsten & Hightech, JXTC, Japan New Metals, Jiangxi Yaosheng Tungsten, China Molybdenum, Jiangsu Hetian, Kennametal, A.L.M.T. Corp, Ganzhou Yatai Tungsten, Wolfram Company JSC, Treibacher Industrie, H.C. Starck, TaeguTec Ltd, Eurotungstene (Umicore), Buffalo Tungsten and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-tungsten-carbide-market-research-report
Segment by Type
- Up to 1μm
Segment by Application
- Cemented Carbide
- Tungsten Mill Products
- Steel and Alloy
Table of Content:
1 Tungsten Carbide Market Overview
2 Tungsten Carbide Market Competition by Manufacturers
3 Tungsten Carbide Retrospective Market Scenario by Region
4 Global Tungsten Carbide Historic Market Analysis by Type
5 Global Tungsten Carbide Historic Market Analysis by Application
6 Key Companies Profiled
7 Tungsten Carbide Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Tungsten Carbide Market Dynamics
10 Global Tungsten Carbide Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.