Jan 22, 2021 (Market Insight Reports) -- Global Tungsten Carbide Market Report 2021 is latest research study released by AMA evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Tungsten Carbide Market. Some of the key players profiled in the study are Sandvik AB (Sweden), Kennametal Inc. (United States), Ceratizit S.A. (Luxembourg), Extramet AG (Switzerland), Federal Carbide Company (United States), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), Japan New Metal Co., Ltd. (Japan) and China Tungsten (Xiamen) (China)
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Tungsten carbide is a chemical compound containing both tungsten and carbon atoms in equal parts. Tungsten carbide is generally a grey powder in its basic form but has the ability to be pressed and formed into different shapes depending upon its use at the end-user industries. The properties such as high tensile strength, durability, and abrasion resistance find their application in many end-user industries. Moreover, the advantages coupled with its cost-effectiveness make them suitable and its major applications include automobiles, mining & construction, oil & gas, defense, and electrical & electronics among others.
The segments and sub-section of Tungsten Carbide market are shown below:
Type (General Purpose Grade, Metal Foaming and Wear Grades, Submicron Grades, Rotary Drilling and Mining Grades, Corrosion Resistant Grades), Application (Cemented Carbide, Coatings, Alloys, Others (Mill Products, Jewellery, Surgical Tools)), Industry Verticals (Aerospace & Defense, Automotive, Oil & Gas, Mining & Construction, Electrical & Electronics, Others (Medical)
Growing Demand for Industrial Machinery
Outstanding Properties of Tungsten Carbide Powder
Emerging Alternative to Depleted Uranium
Adoption of Tungsten Carbide in 3D Printing Technology
Oversupply of Tungsten By China
Toxicity due to Tungsten carbide is a restraint to the growth of the market
The slowdown in the Chinese Manufacturing Sector
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If opting for the Global version of Tungsten Carbide Market analysis is provided for major regions as follows:
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Tungsten Carbide market?