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The tungsten carbide market is forecasted to grow by USD 4.66 billion during 2023-2028, accelerating at a CAGR of 3.97% during the forecast period. The report on the tungsten carbide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tungsten carbide from automotive industry, dynamic properties of tungsten carbide, and increasing demand from mining and construction industries.
The tungsten carbide market is segmented as below:
By Application
- Machine components and tools
- Cutting and drilling tools
- Dies and punches
- Abrasives
- Others
By End-user
- Mining and construction
- Automotive
- Power generation and fluid power manufacturing
- Oil and gas
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the tungsten carbide market covers the following areas:
- Tungsten carbide market sizing
- Tungsten carbide market forecast
- Tungsten carbide market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global tungsten carbide market: American Elements, Buffalo Tungsten Inc., CY Carbide Mfg. Co. Ltd., DAAO Industry Co. Ltd., Extramet Products LLC, Federal Carbide Co., GuangDong XiangLu Tungsten Co. Ltd., HC Starck Tungsten GmbH, Hengdian Group Holdings Ltd., ILJIN Diamond Co. Ltd., Japan New Metals Co. Ltd., Jiangxi Yaosheng Tungsten Co. Ltd., Kennametal Inc., Murugappa Group, Nanchang Cemented Carbide Co. Ltd., Plansee SE, Reade International Corp., Sandvik AB, Sumitomo Electric Industries Ltd., and Umicore SA.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emerging applications of tungsten carbide."
According to the report, one of the major drivers for this market is the increasing demand for tungsten carbide from automotive industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Elements
- Buffalo Tungsten Inc.
- CY Carbide Mfg. Co. Ltd.
- DAAO Industry Co. Ltd.
- Extramet Products LLC
- Federal Carbide Co.
- GuangDong XiangLu Tungsten Co. Ltd.
- HC Starck Tungsten GmbH
- Hengdian Group Holdings Ltd.
- ILJIN Diamond Co. Ltd.
- Japan New Metals Co. Ltd.
- Jiangxi Yaosheng Tungsten Co. Ltd.
- Kennametal Inc.
- Murugappa Group
- Nanchang Cemented Carbide Co. Ltd.
- Plansee SE
- Reade International Corp.
- Sandvik AB
- Sumitomo Electric Industries Ltd.
- Umicore SA
