Tungsten Carbide Powder Market to 2028 | Industry Statistics, Emerging Demands, Forecast to 2028

Tungsten Carbide Powder Market was valued at USD 14.8 billion in 2021 and is expected to grow at a CAGR of 6% between 2022 and 2028. Tungsten carbide consists of equal parts of chemically bonded tungsten and carbide. Because of its excellent properties such as hardness and wear resistance it is used in diamond cutting tools and it can replace steel and other metal alloys in various programs. Tungsten carbide is basically a gray powder, which can be pressed and formed into various shapes for industrial machinery tools, polishing and other tools. In the mining industry, tungsten carbide is extensively used in drill bits, roll cutters, hammers and tunnel boring machines.

 

Top Major Key Players Industries

A.L.M.T. Corp.
American Elements
JAPAN NEW METALS CO., LTD.
Merck KGaA
Umicore Cobalt & Specialty Materials

By Application

Machine Tools
Ammunition
Wear & Die Parts
Others

By End-User

Mining & Construction
Aerospace & Defense
Transportation
Oil &Gas
Healthcare
Jewelry,
Sports,
Electronics
Others

Scope of the Report

The research study analyzes the global Tungsten Carbide Powder Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Tungsten Carbide Powder Market Report

1. What was the Tungsten Carbide Powder Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Tungsten Carbide Powder Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Tungsten Carbide Powder Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:
• Proliferation and maturation of trade in the global Tungsten Carbide Powder market.
• The market share of the global Tungsten Carbide Powder market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Tungsten Carbide Powder market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Tungsten Carbide Powder market.