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.
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%.
Market Analysis and Insights: Global Tungsten Carbide Market
In 2020, the global Tungsten Carbide market size was US$ 1775 million and it is expected to reach US$ 2361.6 million by the end of 2027, with a CAGR of 4.2% between 2021 and 2027
Global Tungsten Carbide Scope and Market Size
The global Tungsten Carbide market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Tungsten Carbide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Grain Sizes Up to 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Others
Segment by Application
Machine Tools and Components
Cutting Tools
Dies and Punches
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
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%.
Market Analysis and Insights: Global Tungsten Carbide Market
In 2020, the global Tungsten Carbide market size was US$ 1775 million and it is expected to reach US$ 2361.6 million by the end of 2027, with a CAGR of 4.2% between 2021 and 2027
Global Tungsten Carbide Scope and Market Size
The global Tungsten Carbide market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Tungsten Carbide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Grain Sizes Up to 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Others
Segment by Application
Machine Tools and Components
Cutting Tools
Dies and Punches
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
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