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.
Top Manufactures in Global Tungsten Carbide Includes:
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
Market Segment by Type, covers:
Grain Sizes Up to 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Others
Market Segment by Applications, can be divided into:
Machine Tools and Components
Cutting Tools
Dies and Punches
Others
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?
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