Tungsten Carbide Powder Market Growth 2022-2030
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.
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The application segment includes cutting tools, wear parts, roll die, diamond tools, mining tools, and abrasive products. The carbide cutting tools are often used for machining through materials such as carbon, stainless steel, and in situations where other tools would wear away. They offer a better finish and allow faster machining at a much higher temperature than standard high-speed steel tools.
The mining construction end user segment is leading the market growth owing to the high product demand in top-hammer rock drill bits, downhole hammers, roller-cutters, longwall plough chisels, longwall shearer picks, raise boring reamers, and tunnel boring machines. This growth is attributed to its superior properties such as resistance to abrasion impact, toughness, and hardness.
Competitive Analysis
Some of the manufacturers operating in the global tungsten carbide powder market are 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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Regional Analysis
The global tungsten carbide powder market growth is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East Africa.
North America was the second largest region in the global tungsten carbide powder market in 2016 owing to the high demand from the military defense, automotive, and aerospace industries.
The high product demand from the manufacturing of various automotive parts in Western European countries is likely to influence the market growth.
The Latin American region is expected to grow significantly due to the growing automotive industry in the region.
The increasing exploration of oil gas reserves and infrastructural hub present in the GCC countries is likely to drive the market in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of The Global Tungsten Carbide Powder Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of The Global Tungsten Carbide Powder Market
5.1 Supply Chain Analysis
5.1.1 Raw Grade Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Rivalry
5.3 Pricing Analysis
- Global Tungsten Carbide Powder Market, By Grade
6.1 Introduction
6.2 Rotary Drilling Mining
6.2.1 Market Estimates Forecast, 2020-2027
6.2.2 Market Estimates Forecast, By Region, 2020-2027
6.3 Metal Forming
6.3.1 Market Estimates Forecast, 2020-2027
6.3.2 Market Estimates Forecast, By Region, 2020-2027
6.4 Wear
6.4.1 Market Estimates Forecast, 2020-2027
6.4.2 Market Estimates Forecast, By Region, 2020-2027
6.5 Submicron
6.5.1 Market Estimates Forecast, 2020-2027
6.5.2 Market Estimates Forecast, By Region, 2020-2027
6.6 Others
6.6.1 Market Estimates Forecast, 2020-2027
6.6.2 Market Estimates Forecast, By Region, 2020-2027
- Global Tungsten Carbide Powder Market, By Application
7.1 Introduction
7.2 Machine Tools
7.2.1 Market Estimates Forecast, 2020-2027
7.2.2 Market Estimates Forecast, By Region, 2020-2027
7.3 Cutting Tools
7.3.1 Market Estimates Forecast, 2020-2027
7.3.2 Market Estimates Forecast, By Region, 2020-2027
7.4 Dies And Punches
7.4.1 Market Estimates Forecast, 2020-2027
7.4.2 Market Estimates Forecast, By Region, 2020-2027
7.5 Others
7.5.1 Market Estimates Forecast, 2020-2027
7.5.2 Market Estimates Forecast, By Region, 2020-2027
- Global Tungsten Carbide Powder Market, By End-Use Industry
8.1 Introduction
8.2 Building Construction
8.2.1 Market Estimates Forecast, 2020-2027
8.2.2 Market Estimates Forecast, By Region, 2020-2027
8.3 Oil Gas
8.3.1 Market Estimates Forecast, 2020-2027
8.3.2 Market Estimates Forecast, By Region, 2020-2027
8.4 Automotive
8.4.1 Market Estimates Forecast, 2020-2027
8.4.2 Market Estimates Forecast, By Region, 2020-2027
8.5 Mining
8.5.1 Market Estimates Forecast, 2020-2027
8.5.2 Market Estimates Forecast, By Region, 2020-2027
8.6 Aerospace Defense
8.6.1 Market Estimates Forecast, 2020-2027
8.6.2 Market Estimates Forecast, By Region, 2020-2027
8.7 Others
8.7.1 Market Estimates Forecast, 2020-2027
8.7.2 Market Estimates Forecast, By Region, 2020-2027
- Global Tungsten Carbide Powder Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates Forecast, 2020-2027
9.2.2 Market Estimates Forecast, By Grade, 2020-2027
9.2.3 Market Estimates Forecast, By Application, 2020-2027
9.2.4 Market Estimates Forecast, By End-Use Industry, 2020-2027
9.2.5 US
9.2.5.1 Market Estimates Forecast, 2020-2027
9.2.5.2 Market Estimates Forecast, By Grade, 2020-2027
9.2.5.3 Market Estimates Forecast, By Application, 2020-2027
9.2.5.4 Market Estimates Forecast, By End-Use Industry, 2020-2027
9.2.6 Canada
9.2.6.1 Market Estimates Forecast, 2020-2027
9.2.6.2 Market Estimates Forecast, By Grade, 2020-2027
9.2.6.3 Market Estimates Forecast, By Application, 2020-2027
9.2.6.4 Market Estimates Forecast, By End-Use Industry, 2020-2027
9.3 Europe
9.3.1 Market Estimates Forecast, 2020-2027
9.3.2 Market Estimates Forecast, By Grade, 2020-2027
9.3.3 Market Estimates Forecast, By Application, 2020-2027
9.3.4 Market Estimates Forecast, By End-Use Industry, 2020-2027
- Company Landscape
10.1 Introduction
10.2 Market Strategies
10.3 Key Development Analysis (Expansion/Merger Acquisition/Joint Venture/New Product Development/Agreement/Investment)
- Company Profiles
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