Tungsten Carbide Powder Market by Top Key Industry Players: Zigong Huagang Cemented Carbide New Materials Company, H.C Starck, Reade International Corporation, Guangdong Xianglu Tungsten Company Ltd., Nanchang Cemented Carbide Co. Ltd.
Global Tungsten Carbide Powder Market size is likely to reach USD 24.5 billion by 2024 from 14.5 billion valued in 2015, registering a CAGR of 5.5% during the forecasted period
(EMAILWIRE.COM, August 03, 2018 ) The overall tungsten carbide powder market size on the basis of grade can be classified as rotary drilling & mining, metal forming & wear, submicron, corrosion resistant and general purpose. Rotary drilling & mining grade product led the overall business in 2015 on account of its high strength and superior stiffness, impact resistance. Furthermore, this product grade offers value added workability in severe conditions and is thus widely used across mining and oil & gas sector.
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Global Tungsten Carbide Powder Market size is likely to reach USD 24.5 billion by 2024 from 14.5 billion valued in 2015, registering a CAGR of 5.5% during the forecasted period. The product is a compound, comprising of equivalent parts of carbon and tungsten atoms. Basically, it’s a fine gray powder, which can be formed into shapes for usage in abrasives, jewelry, tools & instruments and industrial machinery. Depending on the coating method, the proportions of both the compounds can be included in coatings.
Increasing product demand in transportation, mining & construction and industrial engineering sector will positively influence the tungsten carbide powder market over the estimated timespan. Increasing government investments to upgrade their public infrastructure, particularly in the BRICS nations. In addition, escalating spending for residential & commercial buildings will significantly boost the tungsten carbide powder demand, thereby propelling the overall tungsten carbide powder market size by 2024.
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Top key players:
Key players operating in product market globally are Kennametal., Sandvik AB, Federal Carbide Company, Japan New Metal Company Ltd, Ceratizit, ChinaTungsten Online (Xiamen) Manufacturing & Sales Corporation, and Buffalo Tungsten. Other manufacturing companies are Global Tungsten & Powders, Jiangxi Yaosheng Tungsten Company Ltd., Zigong Huagang Cemented Carbide New Materials Company, H.C Starck, Reade International Corporation, Guangdong Xianglu Tungsten Company Ltd., Nanchang Cemented Carbide Co. Ltd., Manu and Sales Corporation (China), Extramet and Eurotungstene.
Market share calculation in this report is not done based on companies covered in it. The calculation of Tungsten Carbide Powder Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
China, India and Japan are the principal consumers in the Asia Pacific region of tungsten carbide powder. North America, led by the U.S. is forecast to witness moderate gains over the projected timeframe. Increasing oil & gas industry in the U.S. along with shale gas exploration will boost the regional product demand by 2024. In addition, uplifting regional construction industry after economic downturn will further complement business growth in the coming years. Europe tungsten carbide powder market share will be driven by growing product demand in the construction due to increasing renovation and remodeling activities.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Tungsten Carbide Powder Market size is likely to reach USD 24.5 billion by 2024 from 14.5 billion valued in 2015, registering a CAGR of 5.5% during the forecasted period. The product is a compound, comprising of equivalent parts of carbon and tungsten atoms. Basically, it’s a fine gray powder, which can be formed into shapes for usage in abrasives, jewelry, tools & instruments and industrial machinery. Depending on the coating method, the proportions of both the compounds can be included in coatings.
Increasing product demand in transportation, mining & construction and industrial engineering sector will positively influence the tungsten carbide powder market over the estimated timespan. Increasing government investments to upgrade their public infrastructure, particularly in the BRICS nations. In addition, escalating spending for residential & commercial buildings will significantly boost the tungsten carbide powder demand, thereby propelling the overall tungsten carbide powder market size by 2024.
Request for customization of this report @
https://www.gminsights.com/roc/1259
Top key players:
Key players operating in product market globally are Kennametal., Sandvik AB, Federal Carbide Company, Japan New Metal Company Ltd, Ceratizit, ChinaTungsten Online (Xiamen) Manufacturing & Sales Corporation, and Buffalo Tungsten. Other manufacturing companies are Global Tungsten & Powders, Jiangxi Yaosheng Tungsten Company Ltd., Zigong Huagang Cemented Carbide New Materials Company, H.C Starck, Reade International Corporation, Guangdong Xianglu Tungsten Company Ltd., Nanchang Cemented Carbide Co. Ltd., Manu and Sales Corporation (China), Extramet and Eurotungstene.
Market share calculation in this report is not done based on companies covered in it. The calculation of Tungsten Carbide Powder Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
China, India and Japan are the principal consumers in the Asia Pacific region of tungsten carbide powder. North America, led by the U.S. is forecast to witness moderate gains over the projected timeframe. Increasing oil & gas industry in the U.S. along with shale gas exploration will boost the regional product demand by 2024. In addition, uplifting regional construction industry after economic downturn will further complement business growth in the coming years. Europe tungsten carbide powder market share will be driven by growing product demand in the construction due to increasing renovation and remodeling activities.
Browse Full Report @ https://www.gminsights.com/industry-analysis/tungsten-carbide-powder-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results