The global Tungsten Carbide Market will be worth USD 27.70 billion by 2027, according to a current analysis by Emergen Research. The rising demand for industrial machineries across various industries, like aerospace and defense, industrial engineering, transportation, and mining and construction, among others is expected to fuel the demand for tungsten carbide powder in the future. Additionally, with the growing emergence for metals, the requirement to raise their reserve base throughout multiple economies has made the major competitors to increase the expenditure regarding mining related and metal activities.

The Tungsten Carbide report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

To know more about the report, visit @https://www.emergenresearch.com/industry-report/tungsten-carbide-market

The key companies studied in the report are:

Sandvik AB, Ceratizit S.A., Nanchang Cemented Carbide Co., Ltd., China Tungsten Online, Kennametal Inc., Eurotungstene and Jiangxi Yaosheng Tungsten Co., Ltd. among others.

The report studies the historical data of the Tungsten Carbide market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Tungsten Carbide industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Tungsten Carbide market.

Get a sample of the report @https://www.emergenresearch.com/request-sample/268

The report addresses the following key points:

• The report estimates the expected market size from 2020-2027
• The report provides a forecast of market drivers, restraints, and future opportunities for the Tungsten Carbide market
• The report further analyses the changing market dynamics
• Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
• Extensive competitive landscape mapping with profiles of the key competitors
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
• Revenue forecast, country scope, application insights, and product insights

Although North America held the most prominent market share in 2019, yet the market across Asia-Pacific is anticipated to grow at the highest rate throughout the forecasted period. This is primarily because of the growing demand for tungsten carbide powder across the automotive industry. With a production volume of around 30.0 million motor vehicles in 2019 as compared to 28.1 million in 2016, China accounted for the largest production of automobiles globally. Hence, it is most likely that the automobile sector is mainly driving the growth of the market in this region.

For the purpose of this report, Emergen Research has segmented into the global Tungsten Carbide Market on the application, end user and region:

Application Outlook (Revenue, USD Billion; 2017-2027)

• Cemented Carbide
• Coatings
• Alloys
• Others

End User Outlook (Revenue, USD Billion; 2017-2027)

• Aerospace and Defense
• Automotive
• Mining and Construction
• Electronics
• Others

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

Request customization of the report @https://www.emergenresearch.com/request-for-customization/268

Thank you for reading our report. For any specific details on customization of this report, please get in touch with us. We will ensure the report you get is well-suited to your needs.

Read similar reports by Emergen Research:

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services