MARKET INTRODUCTION
Tungsten carbide powder is a compound comprising atoms of carbide and tungsten. Tungsten carbide powder can be molded and pressed into different sizes and shapes for usage in abrasives, cutting tools, jewelry, industrial machinery, and other tools and equipment. This powder is characterized by high extreme stiffness, thermal conductivity, and intense strength. Furthermore, it is denser than aluminum, steel. Tungsten carbide powder is manufactured through a conventional method of carburization, which includes mixing tungsten powder with high purity carbon and reacting the mixture at temperatures ranging between 1,400 and 1,700 degrees centigrade in a hydrogen atmosphere.
MARKET DYNAMICS
The rise in construction and mining activities, expansion of the transportation sector, and development of engineering industries are some demand-generating factors that are anticipated to drive the expansion of the global tungsten carbide powder market. In the construction and mining industry, these powders are employed in roller-cutters and tunnel boring machines since these powders offer resistance from abrasion, and improve the strength of materials. It is also extensively utilized in jewelry to prevent them from getting tarnished or scratched easily. Demand for energy minerals, including coal, has led to an increase in mining activities. This, coupled with improved infrastructure and rapid urbanization, has led to the expansion of the in a construction project, which is anticipated to fuel the market growth.
MARKET SCOPE
The "Global Tungsten Carbide Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tungsten carbide powder with detailed market segmentation by grade, application and end use industry. The global tungsten carbide powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tungsten carbide powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global tungsten carbide powder market is segmented on the basis of grade into rotary drilling and, mining grades, metal forming and wear grades, submicron grades, corrosion resistant grades, general purpose grades, and other grades. On the basis of application the tungsten carbide powder market is segmented into machine tools and components, cutting tools, dies and punches, abrasive products, and others. On the basis of end use industry the global tungsten carbide powder market is segmented into mining and construction, industrial engineering, transportation, oil and gas, aerospace and defense, and others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global tungsten carbide powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tungsten carbide powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the tungsten carbide powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tungsten carbide powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the tungsten carbide powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from tungsten carbide powder market are anticipated to lucrative growth opportunities in the future with the rising demand for tungsten carbide powder in the global market. Below mentioned is the list of few companies engaged in the tungsten carbide powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tungsten carbide powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sandvik AB
- Kennametal Inc.
- Ceratizit S.A.
- Extramet
- Federal Carbide Company
- Guangdong Xianglu Tungsten Co., Ltd.
- Nanchang Cemented Carbide Co., Ltd.
- Jiangxi Yaosheng Tungsten Co., Ltd.
- Japan New Metal Co., Ltd.
- Eurotungstene
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