Global Tungsten Carbide Powder (WC) Market Research Report 2020

Tungsten carbide is a made up of chemically bonded tungsten and carbide. Its superior hardness enables it to replace steel and other metal alloys in a variety of applications.
Asia-Pacific has the largest global export quantity and manufacturers in Tungsten Carbide Powder (WC) market, while the Europe is the second sales volume market for Tungsten Carbide Powder (WC) in 2016.

In the industry, Sandvik profits most in 2016 and recent years, while Xiamen Tungsten and China Minmetals ranked 2 and 3.The market share of them is 13.04%, 12.45% and 8.82% in 2016.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are three mainly types of Tungsten Carbide Powder (WC), including Grain Sizes <1 μm, Grain Sizes 1-10 μm and Grain Sizes >10 μm. And Grain Sizes 1-10 μm is the main type for Tungsten Carbide Powder (WC), and the Grain Sizes 1-10 μm reached a sales volume of approximately 17915 MT in 2016, with 45.40% of global sales volume.

Tungsten Carbide Powder (WC) technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study recommends the new entrants need to be considered carefully before enter into this field.

Market Analysis and Insights: Global Tungsten Carbide Powder (WC) Market
The global Tungsten Carbide Powder (WC) market is valued at 1688.6 million US$ in 2020 is expected to reach 2168.9 million US$ by the end of 2026, growing at a CAGR of 3.6% during 2021-2026.
Global Tungsten Carbide Powder (WC) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Grain Sizes <1 µm
Grain Sizes 1-10 µm
Grain Sizes >10 µm

Segment by Application
Machine Tools & Components
Cutting Tools
Dies & Punches
Others (Abrasive Products, etc.)

Global Tungsten Carbide Powder (WC) Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Tungsten Carbide Powder (WC) market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Tungsten Carbide Powder (WC) Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Sandvik, Xiamen Tungsten, China Minmetals, Element Six, Jiangxi Yaosheng, GuangDong XiangLu Tungsten, Chongyi Zhangyyuan Tungsten, Plansee (GTP), JXTC, Japan New Metals, AST, Kohsei, ALMT, Kennametal, H.C.Starck, TaeguTec, Wolfram JSC, Buffalo Tungsten, ERAMET, Lineage Alloys, etc.

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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