Tungsten carbide powder: Increasing use in the mining & construction sector is set to drive the market growth

Market Definition: - The global tungsten carbide powder market is segmented by grade, application, end-use industries, and region

Various grades of tungsten carbide powder are available in the market such as rotary drilling & mining, metal forming & wear, submicron, corrosion resistant, general purposes, and others. Among these, the rotary drilling & mining grades are the leading segments in the market owing to high impact resistance, stiffness, and ability to perform in severe conditions.

Global Competitive Analysis:-

Sandvik AB (Sweden), Kennametal (U.S.), CERATIZIT S.A. (Luxembourg), Federal Carbide Company (U.S.), GuangDong XiangLu Tungsten Co.,Ltd (China), Nanchang Cemented Carbide Co., Ltd.  (China), JAPAN NEW METALS CO., LTD. (Japan), Umicore (Belgium), ChinaTungsten (China), H.C. Starck GmbH  (U.S.), Reade International Corp., (U.S), and Merck KGaA (Germany).

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Intended Audience:-

Tungsten Carbide Powder Manufacturers

Traders and distributors of Tungsten Carbide Powder

Research and development institutes

Potential investors

Raw material suppliers

Nationalized laboratory

DC description:-

tungsten titanium carbide

tungsten carbide gold ring

tungsten powder manufacturers

tungsten carbide

tungsten wedding bands

Regional Analysis:-

Asia Pacific was the largest region in the global tungsten carbide powder market in 2016 owing to growing demand from the major end-use industries such construction, transportation, and aerospace. Increasing construction activities and rising production & sales of automotive in the Asia Pacific region are the major contributors to the market growth. Additionally, high product demand from the military & defense for homeland security and counterterrorism is likely to fuel the market growth over the assessment period.

North America was the second largest region in the global tungsten carbide powder market in 2016 on account of growing military, aerospace, and automotive sectors in the region. The U.S. is one of the leading military powers in the world, which is an added advantage for market growth. Furthermore, rebound in the building & construction sector in the region is expected to propel the market growth. 

The European market is expected to witness a considerable growth due to increased product demand from the automotive sector.

Latin America is likely to grow on the backdrop of the growing automotive sector in various countries such as Mexico, Brazil, and Argentina.

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Segmentation:-

The global tungsten carbide powder market is segmented on the basis of the grade, application, end-use industry, and region.

Based the grades, the global tungsten carbide powder market is segmented into rotary drilling & mining, metal forming & wear, submicron, corrosion resistant, general purposes, and others.

The global tungsten carbide powder market is segmented on the basis of the application as cutting tools, wear parts, roll & die, diamond tools, mining tools, and abrasive products.

On the basis of the end-user industry, the market is segmented into mining & construction, military & defense, industrial engineering, transportation, oil & gas, aerospace, and others