Global Tungsten Carbide Market 2020-2024
- June 2020 •
- 120 pages •
- Report ID: 5914680 •
- Format: PDF
The analyst has been monitoring the tungsten carbide market and it is poised to grow by $ 4.04 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on tungsten carbide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the vast reserves of tungsten ores in China, dynamic properties of tungsten carbide, and increasing demand from mining and construction industries. In addition, Vast reserves of tungsten ores in China is anticipated to boost the growth of the market as well.
The tungsten carbide market analysis includes end-user segment and geographic landscapes
The tungsten carbide market is segmented as below:
• Mining and construction
• Power generation and fluid power manufacturing
• Oil and gas
By Geographic Landscapes
• North America
• South America
This study identifies the emerging applications of tungsten carbide as one of the prime reasons driving the tungsten carbide market growth during the next few years. Also, new mining projects, and tungsten carbide: emerging alternative to depleted uranium reserves will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our tungsten carbide market covers the following areas:
• Tungsten carbide market sizing
• Tungsten carbide market forecast
• Tungsten carbide market industry analysis