DUBLIN- – (BUSINESS WIRE)- –
The “Tungsten Carbide Market – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s advertising.
The market for tungsten carbide is foreseen to develop at a moderate CAGR of over 3.5% during the conjecture time frame 2019-2024. Development in mining and development enterprises over the globe is creating interest for tungsten carbide.
Tungsten carbide scrap can be reused which makes it very profitable composite for a wide range of uses.
Danger because of Tungsten carbide is a limitation to the development of the market.
Key Market Trends
Established Carbide to Drive the Market
Established carbide is a metallurgical material in a powder structure; a composite of tungsten carbide (WC) particles and a cover wealthy in metallic cobalt (Co).
Established carbides for metal cutting applications comprise of over 80% of hard stage WC.
The established carbide instruments are utilized in the generation of glass bottles, aluminum jars, plastic cylinders, steel wires, copper wires. A portion of different uses incorporate metal cutting, machining of wood, plastics, composites, delicate earthenware production, chipless framing (hot and cold), mining and development, auxiliary parts, wear parts, and military segments.
With the expanding request from different applications, the market for solidified carbide is anticipated to develop over the conjecture time frame.
Asia-Pacific to Dominate the Market
Asia-Pacific speaks to the biggest territorial market for worldwide tungsten carbide advertise in 2018. There is interest for tungsten carbide in the market because of the developing interest for car, development and metalworking businesses, in the nations like China, India and Japan.
Asia-Pacific commanded the worldwide piece of the pie in 2018. With developing transportation exercises in nations, for example, China, India, and Japan, the use of tungsten carbide is expanding in the district.
The all out number of vehicles created in China, in 2018 was 27,809,196 units, demonstrating the most astounding number all inclusive. Furthermore, the quantity of vehicles created in Japan was 9,728,528 units in 2018. India has seen an expansion of 8% in the vehicle’s creation from the year 2017, for example 4,782,896 units to 5,174,645 units in 2018.
From the focuses referenced above uncovers that there is the most astounding open door for the utilization of tungsten carbide in the Asia-Pacific district through the figure time frame.
The global tungsten carbide market is fragmented. The major companies include Umicore, CERATIZIT, Extramet Products, and American Elements etc., among others.
Key Topics Covered
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Applications of Tungsten Carbide in Various End-user Industries
4.1.2 Recyclable Property of Tungsten Carbide
4.2.1 Toxicity of Tungsten carbide
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
5 MARKET SEGMENTATION
5.1.1 Cemented carbide
5.2.1 Aerospace & Defense
5.2.3 Mining & Construction
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.4 Rest of the World
220.127.116.11 South America
18.104.22.168 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Elements
6.4.2 Buffalo Tungsten Inc.
6.4.3 CERATIZIT S.A.
6.4.4 China Tungsten
6.4.5 CY Carbide Mfg. Co. Ltd.
6.4.6 Extramet Products LLC
6.4.7 Federal Carbide Company
6.4.8 Guangdong Xianglu Tungsten Co. Ltd.
6.4.9 H.C. Stark GmbH
6.4.10 Jiangxi Yaosheng Tungsten Co. Ltd.
6.4.11 Kennametal Inc.
6.4.12 Sandvik AB
6.4.13 Sumitomo Electric Industries Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increase in Demand for Automatic Valves
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