September 6, 2019

Global Tungsten Carbide Market - Analysis and Forecast: 2018-2028

The global tungsten carbide market is expected to grow at a significant rate during the forecast period. This is due to their unique combination of strength, hardness, and toughness that satisfy the most demanding application requirements. The key feature of this material is the potential to vary in its composition so that the resulting physical and chemical properties ensure maximum resistance to wear, fracture, deformation, corrosion, and oxidation.

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The increase in the number of end-use industries that use tungsten carbide and related products and the ever-increasing application areas have all led to the surging demand of tungsten carbide worldwide. The top uses of tungsten carbide include their use in metal cutting, wear parts, mining, and drilling tools.

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The leading and the most important end-use industry using tungsten carbide is the automotive industry wherein tungsten carbide is used in the manufacture of car engines. Tungsten carbide in emerging economies have propelled the tungsten carbide market scenario.

The company profiles in the report are American Elements, CERATIZIT S.A., China Minmetals Corporation, CY Carbide Mfg. Co., Ltd., Durit HartMetall GmbH, Element Six, Federal Carbide Company, H.C. Starck GmbH, International Metalworking Companies (IMC) Group, Kennametal Inc., Mitsubishi Materials Corporation, Rock River Tool, Inc., Sandvik AB, Sumitomo Electric Industries, Ltd., and Wolfram Company JSC.

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