Global Tungsten Carbide Market Growth 2023-2029

Global Tungsten Carbide Market Growth 2023-2029

Product Code:457049

Published Date: Feb 08,2023

Pages: 120

Region: Global

Category: Chemical & Material

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Tungsten is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.

LPI (LP Information)' newest research report, the “Tungsten Carbide Industry Forecast” looks at past sales and reviews total world Tungsten Carbide sales in 2022, providing a comprehensive analysis by region and market sector of projected Tungsten Carbide sales for 2023 through 2029. With Tungsten Carbide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tungsten Carbide industry.

This Insight Report provides a comprehensive analysis of the global Tungsten Carbide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tungsten Carbide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tungsten Carbide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tungsten Carbide and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tungsten Carbide.

The global Tungsten Carbide market size is projected to grow from US$ 1804.9 million in 2022 to US$ 2432.7 million in 2029; it is expected to grow at a CAGR of 2432.7 from 2023 to 2029.

The major players in global Tungsten Carbide market include Sandvik, Xiamen Tungsten, China Minmetals Corporation, etc. The top 3 players occupy about 34% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 75% of the global market. Grain Sizes 1-10 µm is the main type, with a share about 45%. Machine Tools & Components is the main application, which holds a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Tungsten Carbide market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Grain Sizes Up to 1 µm
    Grain Sizes 1-10 µm
    Grain Sizes Above 10 µm
    Others

Segmentation by application
    Machine Tools and Components
    Cutting Tools
    Dies and Punches
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Sandvik
    Xiamen Tungsten
    China Minmetals Corporation
    Element Six
    Jiangxi Yaosheng
    GuangDong XiangLu Tungsten
    Chongyi Zhangyyuan Tungsten
    Plansee (GTP)
    JXTC
    Japan New Metals
    AST (India)
    Kohsei Co Ltd
    ALMT Corp
    Kennametal
    H.C.Starck
    TaeguTec Ltd
    Wolfram Company JSC (Russia)
    Buffalo Tungsten
    Eurotungstene
    Lineage Alloys

Key Questions Addressed in this Report
What is the 10-year outlook for the global Tungsten Carbide market?
What factors are driving Tungsten Carbide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tungsten Carbide market opportunities vary by end market size?
How does Tungsten Carbide break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?