The growth of the market is attributed to the increasing usage of tungsten carbide across various mining operations like drilling, boring and cutting
Market Size – USD 18.25 Billion in 2019, Market Growth – CAGR of 5.4%, Market Trends – Adoption of tungsten carbide in the jewelry manufacturing industry
The report provides detailed insights into Tungsten Carbide market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Tungsten Carbide market size over the forecast period, 2020–2028. The report includes profiles of major players in the Tungsten Carbide market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Tungsten Carbide market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Tungsten Carbide market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Tungsten Carbide market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Tungsten Carbide market revenue growth to a significant extent over the forecast period.
Top key vendors in Tungsten Carbide Market include are:
- Key participants include Sandvik AB, Ceratizit S.A., Nanchang Cemented Carbide Co., Ltd., China Tungsten Online, Kennametal Inc., Eurotungstene and Jiangxi Yaosheng Tungsten Co., Ltd. among others.
For the purpose of this report, Emergen Research has segmented into the global Tungsten Carbide Market on the application, end user and region:
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Cemented Carbide
- End User Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace and Defense
- Mining and Construction
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Tungsten Carbide Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Tungsten Carbide industry
North America Tungsten Carbide market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Tungsten Carbide growth strategies and initiatives.
Asia Pacific Tungsten Carbide market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Tungsten Carbide market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Tungsten Carbide market revenue growth in Asia Pacific.
Europe Tungsten Carbide market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Tungsten Carbide market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Tungsten Carbide revenue growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Tungsten Carbide industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Tungsten Carbide market across different regions?
- Who are the major driving forces expected to decide the fate of the Tungsten Carbide industry worldwide?
- Who are the prominent market players making a mark in the Tungsten Carbide market with their winning strategies?
- Which Tungsten Carbide industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Tungsten Carbide market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Tungsten Carbide Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Tungsten Carbide Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Tungsten Carbide Market Segmentation & Impact Analysis
4.1. Tungsten Carbide Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Tungsten Carbide Market indicators analysis
4.2.2. Tungsten Carbide Market drivers analysis
18.104.22.168. Rapid urbanization and industrialization
22.214.171.124. Stringent government regulations regarding carbon emissions
126.96.36.199. Increasing prevalence of respiratory diseases
188.8.131.52. Rising need to enhance indoor air quality
4.2.3. Tungsten Carbide Market restraints analysis
184.108.40.206. High cost associated with the maintenance of Tungsten Carbide products
220.127.116.11. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Tungsten Carbide Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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