Worldwide Tungsten Carbide Industry to 2027 |Major Players & Market Overview - Emergen Research

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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 global Tungsten Carbide Market will be worth USD 27.70 billion by 2027, according to a current analysis by Emergen Research. 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.

The Tungsten Carbide report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2027. The global Tungsten Carbide market has been categorized based on the product type, application, and region. Our expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors. The segmentation allows the interested parties to determine sectors in the global Tungsten Carbide market with high growth prospects and understand the growth strategies adopted by leading segments during the forecast period.

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Top Companies Operating in the Tungsten Carbide Market and Profiled in the Report are:

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 report on the global Tungsten Carbide market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the Tungsten Carbide market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Tungsten Carbide market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2020-2027.

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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

Tungsten Carbide Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Report:

  • Study of the global Tungsten Carbide market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Tungsten Carbide market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Tungsten Carbide market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Tungsten Carbide market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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