Global Tungsten Carbide Market has been developing at a rapid rate and is contributing significantly to the global economy in terms of revenue, growth rate, sales, market share, and size. The Global Tungsten Carbide Market report is a comprehensive research document that provides valuable insights to the readers to understand the fundamentals of the Tungsten Carbide market.

After the economy went sluggish for a considerable period of time, the construction industry is again in the rise. Tungsten carbide is being used rapidly across the construction industry. This is because carbide tools have the potential to withstand extremes of temperatures as compared to the conventional steel tools. It is also used to cut tough materials like stainless and carbon steel.

Key Highlights From The Report.

• In February 2020, Switzerland based medical device manufacturer, Clariant Plastics & Coatings Healthcare Polymer Solutions developed a product named Mevopur. The technology utilizes tungsten carbide as a metallic filler in order for it to resist degradation which occurs when exposed to extreme humidity and temperature.
• Cemented carbide is forecasted to bring lucrative business to the market and is likely to capture a market valuation of 48.8% by 2027. Tungsten carbide possesses properties such as low wear resistance, low abrasion resistance, high pressure resistance, and durability. Large numbers of manufacturers prefer tungsten carbide due to the unique combination of these characteristics and their cost effectiveness..
• Forecasted to grow at a CAGR of 5.1%, the mining and construction segment is projected to register a potential growth which can be attributed to the growing number of mining activities across the developing nations Additionally, the automotive segment is also likely to project a significant growth throughout the forecasted period because of the growing usage of tungsten carbide in the manufacturing of automobiles.
• Key participants include 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 market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2020-2027. The regions include North America, Latin America, Europe, AsiaPacific, and Middle East and Africa.

Comprehensive Regional Analysis Covers the Following Regions:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Global Tungsten Carbide Market Report – Key Takeaways:

• The latest research report analyzes the changing competitive scenario.
• The report carries an unbiased perspective towards the global market performance.
• The study presents an eight-year assessment of the global market and its principal product segments.
• Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
• The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
• The report serves as an exhaustive regional analysis of the global Tungsten Carbide market, systematically presenting the business profiles of various stakeholders.
• Furthermore, the report provides valuable data about the critical factors influencing market progress.

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