The global Tungsten Carbide Market will be worth USD 27.70 billion by 2027, according to a current analysis by Emergen Research. The rising demand for industrial machineries across various industries, like aerospace and defense, industrial engineering, transportation, and mining and construction, among others is expected to fuel the demand for tungsten carbide powder in the future. Additionally, with the growing emergence for metals, the requirement to raise their reserve base throughout multiple economies has made the major competitors to increase the expenditure regarding mining related and metal activities.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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After the economy went sluggish for a considerable period of time, the construction industry is again in the rise. Tungsten carbide is being used rapidly across the construction industry. This is because carbide tools have the potential to withstand extremes of temperatures as compared to the conventional steel tools. It is also used to cut tough materials like stainless and carbon steel.
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.
The latest market intelligence report, titled ‘Global Tungsten Carbide Market’, is intended to provide the target audience with the necessary information about the Tungsten Carbide industry. The report comprises a detailed analysis of the vital elements of the Tungsten Carbide market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Tungsten Carbide market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
Exhaustive coverage of the COVID-19 impact on the Tungsten Carbide industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
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The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Tungsten Carbide market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Tungsten Carbide industry.
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
- Coatings
- Alloys
- Others
- End User Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace and Defense
- Automotive
- Mining and Construction
- Electronics
- Others
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Tungsten Carbide Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Tungsten Carbide market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Table of Content
Chapter 1. Tungsten Carbide Market Methodology & Sources
1.1. Tungsten Carbide Market Definition
1.2. Tungsten Carbide Market Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Tungsten Carbide Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
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
4.2.2.1. Increasing energy consumption and prices
4.2.2.2. Rising government policies regarding energy efficiency
4.2.2.3. Increasing smart grid services
4.2.3. Tungsten Carbide Market restraints analysis
4.2.3.1. Highly competitive with presences of local & global players
4.2.3.2. Present challenging economic conditions due to the pandemic
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 5. Tungsten Carbide Market By Form Factor Insights & Trends, Revenue (USD Billion)
Chapter 6. Tungsten Carbide Market By Input type Insights & Trends Revenue (USD Billion)
Chapter 7. Tungsten Carbide Market By Application Insights & Trends, Revenue (USD Billion)
Chapter 8. Tungsten Carbide Market By End-use Insights & Trends, Revenue (USD Billion)
Chapter 9. Tungsten Carbide Market Regional Outlook
Continued…
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