DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Tungsten Carbide Market - Analysis & Forecast, 2016 - 2022" report to their offering.
The global tungsten carbide market, by value, is estimated to witness growth at a CAGR of 4.4% over the period 2016 to 2022. This growth in the market is attributed to the increasing demand for various applications such as metal cutting tools, wear parts, mining & drilling tools etc. and various end use industries like automotive, aerospace & defense, oil & gas, mining & construction, electronics etc.
Tungsten carbide is a highly dense material constituting of tungsten and carbon as their constituent materials. They exhibit significant properties like extreme hardness, toughness, wear & abrasion resistance, pressure resistance, and many more. The unique combination of these properties and their cost effectiveness have set them apart to be the ideal choice of many industry manufacturers.
China has been the leader in the supply of tungsten in the global tungsten carbide market. Since the resources of tungsten carbide are majorly located in China, the effect on the economy of China has negatively impacted the raw material (tungsten) supply to local and international market. Hence, this in turn will negatively impact the manufacturing of tungsten carbide from raw tungsten. Also, due to the slowdown of economy, the average selling price of tungsten have increased which has affected and hampered the volume production of tungsten carbide.
- American Elements
- Buffalo Tungsten Inc
- China Minmetals Corporation
- Global Tungsten and Powder Corporation (GTP)
- Guangdong Xianglu Tungsten Co Ltd
- HC Starck GmBH
- ISCAR Ltd
- Ingersoll Cutting Tool Company
- International Metalworking Companies (IMC) Group
- Mitsubishi Materials Corporation
- Rock River Tool Inc
- Sandvik AB
Key Topics Covered:
1 Research Scope and Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Tungsten Carbide Market, by Application
6 Tungsten Carbide Market Size by End Use Industry
7 Global Tungsten Carbide Market, by Geography
8 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/tcm3jq/global_tungsten