Tungsten carbide powder is a chemical compound with high performance that contains an equal amount of both tungsten powder and high purity carbon atoms. Growing demand for industrial machinery coupled with outstanding properties of tungsten carbide powder are two key driving factors of the market growth. In addition, construction market is also growing, with the increasing large-scale investments in various infrastructure-related projects these are driving adoption of these tungsten carbide powder.

 In construction industry, tungsten carbide is used in machining and fabricating equipment, such as cutting tools, and so on. Tungsten carbide is used in coating titanium or steel equipment that are used in construction & mining activities. The growing demand for heavy machineries, such as loaders, evacuators, rollers, and cranes, among others, has fueled the growth of the tungsten carbide powder market. According to the global construction perspective and oxford economics organization of UK, the global volume of construction output is expected to grow by 85% to $15.5 trillion by 2030.

“Global Tungsten Carbide Powder Market is valued approximately USD 16.4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.40% over the forecast period 2019-2026.”

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

The regional analysis of global Tungsten Carbide Powder market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to witness moderate growth region across the world owing to the growing g oil & gas industry in the U.S. coupled with exploration of shale gas. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as high economic growth rate, investments made across various industries, such as mining & construction, automotive, oil & gas, and aerospace & defense, would create lucrative growth prospects for the Tungsten Carbide Powder market across Asia-Pacific region.

  Sandvik AB Kennametal Inc. Ceratizit S.A. Extramet Federal Carbide Company Guangdong Xianglu Tungsten Co., Ltd. Nanchang Cemented Carbide Co., Ltd. Jiangxi Yaosheng Tungsten Co., Ltd. Japan New Metal Co., Ltd. China Tungsten Online (Xiamen) Manu. & Sales Corp.

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