info@marketresearchfuture.com   ๐Ÿ“ž  +1 (855) 661-4441(US)   ๐Ÿ“ž  +44 1720 412 167(UK)

Growing consumption of tungsten carbide in end-use industries is estimated to drive the market during the forecast period, 2021-2030

Pune, India, February 06, 2018 /MRFR Press Release/- Market research future published a Half cooked research report on Global Tungsten carbide Market.

Tungsten carbide are used in various end use industries such as mining and construction, automobile, electronics, and defense among others. The growing demand from the developing region throughout the globe are the major factors driving the global market of tungsten carbide. The growing government investments in the infrastructural development coupled with the augmenting demand from the automobile sector are other factors contributing to the growth of the market. Among the various end-use industry mining and construction is the dominant segment and expected to show the same trend during the forecast years. The properties such as high tensile strength, corrosion and impact resistance, has increased the demand for tungsten carbide in the mining and construction industry.


Market Segmentation


The global Tungsten Carbide Market is segmented into grade type and end use industry. On the basis of grade the market is segmented into general purpose grade, metal foaming and wear grades, submicron grades, rotary drilling and mining grades, and corrosion resistant grades. On the basis of end use industry the global tungsten carbide market is segmented into mining and construction, oil and gas, electrical and electronics, automobiles, defense and others.


Market Scenario


The rotary drilling and mining grade segment is the leading type in the market on account of its properties such as impact strength, tensile strength, stiffness and high performance ability among other. The growing construction and oil & gas activities throughout the globe is expected to positively impact the growth of the segment.


Regional Analysis


The global tungsten carbide market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance during the forecast period. The developing end use industries in the region such as construction and automotive is expected to fuel the market growth. Moreover, the favorable government regulation has resulted in the shifting of manufacturing base in the Asia Pacific which has further propelled the market growth. The major counties attributing to growth of tungsten carbide in this region are India, China, and Japan.ย  North America is the dominant region for this market. The developed end use industries coupled with the growing adoption of tungsten carbide are the major factors contributing to the growth of the market. The major countries attributing to this growth are the U.S. and Canada. European market of tungsten carbide is mainly driven by the developed automobile and electronic industry. Moreover, the increasing use of tungsten carbide in defense sector coupled with the growing government defense budget will further add to the growth of the market during the forecast years.


Competitive Analysis


Some of the prominent players operating in the Global tungsten carbideย  market are Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet AG(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 (Xiamen), and Eurotungstene (France), among others.


Read More Article Details - Tungsten Carbide Market

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 137
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.