Tungsten Carbide Market | Analysis of Key Players By Size, Share, TrendsPosted by Shabaz Sayyed on December 29th, 2020 The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Tungsten Carbide industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Tungsten Carbide industry is a major attraction of the report. The Global Tungsten Carbide Market will be worth USD 27.70 billion by 2027, according to the current analysis by Emergen Research. Cemented carbide, a major market sub-segment, is anticipated to be considered a potential choice and often utilized, which can be accredited to its distinctive physical and mechanical characteristics, like deflection resistance, abrasion, compressive strength, tensile strength, and high-temperature wear resistance. Tools made from tungsten carbide powder are majorly used in the manufacturing of aluminum cans, glass bottles, plastic tubes, and steel as well as copper wires. The other application areas include the machining of soft ceramics, plastics, wear components, wood, composites, metal cutting, mining & construction, structural components, and military components. Key Highlights From The Report. In October 2019, Pittsburg based Kennametal Inc., launched their new wing named Kennametal Additive Manufacturing. This wing specializes in wear materials, especially tungsten carbide. Through the initiative, the company is trying to produce more efficient parts to the customers faster. View Complete Reporthttps://www.emergenresearch.com/industry-report/tungsten-carbide-market In 2019, North America led the market growth and is likely to continue its dominance over the forecast period as well. This is mainly because of the growth in the construction industry. However, Asia Pacific is anticipated to emerge as a potential segment attributable to the growing transportation scenario across nations like Japan, China, and India. Key participants include Guangdong Xianglu Tungsten Co., Ltd., Extramet Products, LLC., Ceratizit S.A.,Kennametal Inc., Umicore, and American Elements, among others. For this report, Emergen Research has segmented the Global Tungsten Carbide Market based on 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 About Emergen Research Emergen Research. Is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. Like it? Share it!More by this author |