Global Tungsten Carbide Market By End-User (Automotive Industry, Aerospace & Defense, Mining & Construction Industry, Oil & Gas Industry, Electronic Industry & Others), By Application (Cemented Carbide, Industrial Alloys, Mill Products, Jewelry, Surgical Tools & Others), By Region, Competition, Forecast & Opportunities, 2024

July 2019 | 116 pages | ID: GC06DCB4F0EEN
TechSci Research

Abstracts

The global tungsten carbide market is projected to grow at a CAGR of over 4.8% during the forecast period. The market is mainly driven by increasing research & development activities to augment the growth in technology and superior properties compared to other materials.

Notably, tungsten carbide is one of the metal carbides, which is produced by the reaction of tungsten hexachloride with methanol or methane. On account of tungsten carbide’s high resistivity to abrasion, it is extensively used in the manufacturing industries for cutting tools. However, it can decompose at higher temperatures and revert into its initial form, as tungsten and a carbide.

Markedly, the market for tungsten carbide has been segmented into end-user, application and region. Based on end-user, the market has been segmented into automotive industry, aerospace and defense industry, mining and construction industry, oil & gas industry, electronic industry and others. Among these subsegments, the automotive industry accounted for the highest market share accounting for nearly 34.2% in 2018. The industry led the end user industry owing to its extensive use. While, based on application (cemented carbide, industrial alloys, mill products, jewellery, surgical tools, others (tipping trekking, ski poles). Among the application sub-segments, cemented carbide application led the tungsten carbide market in 2018 holding a market share of 61% owing to the growing demand for metal cutting tools in machinery. Use of tungsten carbide in jewellery application is expected to register the fastest growth owing to the property of resistance to scratching and hardness of material.

Regionally, the market has been segmented into North America, South America, Europe, Asia Pacific and Middle East & Africa. Among these regions, China is expected to lead the Asia Pacific tungsten carbide market during the forecast period.

Some of the key players operating in the market include, Sandvik AB, Kennametal, Umicore, Ceratizit S.A, Sumitomo Corporation, Hitachi Metals, Ltd., Mitsubishi Materials Corporation, China Minmetals Corporation, Xiamen Tungsten Co.,Ltd, American Elements, among others.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global Tungsten Carbide market size.
• To forecast global Tungsten Carbide market based on application, end-user and regional distribution.
• To identify drivers and challenges for global Tungsten Carbide market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Tungsten Carbide market.
• To conduct the pricing analysis for Tungsten Carbide market.
• To identify and analyze the profile of leading players involved in the manufacturing of Tungsten Carbide.

Some of the leading players in global Tungsten Carbide market are Sandvik AB, Kennametal, Umicore, Ceratizit S.A, Sumitomo Corporation, Hitachi Metals, Ltd., Mitsubishi Materials Corporation, China Minmetals Corporation, Xiamen Tungsten Co.,Ltd, American Elements, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global Tungsten Carbide market.

TechSci Research calculated global Tungsten Carbide market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Tungsten Carbide manufacturers and suppliers
• Government and other regulatory bodies
• Research institutes and organizations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global Tungsten Carbide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By End-User:
• Automotive Industry
• Mining and Construction Industry
• Electronic Industry
• Aerospace and Defense Industry
• Oil & Gas Industry
• Others
• Market, By Application:
• Cemented Carbide
• Industrial alloys
• Mill products
• Jewelry
• Surgical tools
• Others (Tipping Trekking, Ski Poles)
• Market, By Region:
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Europe
• Germany
• Russia
• United Kingdom
• France
• Italy
• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• Saudi Arabia
• Iran
• South Africa
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Tungsten Carbide market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Challenges/issues faced post purchase
4.4. Unmet needs

5. GLOBAL TUNGSTEN CARBIDE INDUSTRY OVERVIEW

6. GLOBAL TUNGSTEN CARBIDE MARKET OUTLOOK

6.1. Market Size and Forecast
  6.1.1. By Value
  6.1.2. By Volume
6.2. Market Share and Forecast
  6.2.1. By End-User (Automotive Industry, Aerospace and Defense Industry, Mining and Construction Industry, Oil & Gas Industry, Electronic Industry and Others)
  6.2.2. By Application (Cemented carbide, Industrial alloys, Mill products, Jewelry, Surgical tools, Others (tipping trekking, ski poles))
  6.2.3. By Company
  6.2.4. By Region
6.3. Market Attractive Index

7. ASIA-PACIFIC TUNGSTEN CARBIDE MARKET OUTLOOK

7.1. Market Size and Forecast
  7.1.1. By Value
  7.1.2. By Volume
7.2. Market Share & Forecast
  7.2.1. By End use Industry
  7.2.2. By Application
  7.2.3. By Country
7.3. China Tungsten Carbide Market Outlook
  7.3.1. Market Size and Forecast
    7.3.1.1. By Value
    7.3.1.2. By Volume
  7.3.2. Market Share and Forecast
    7.3.2.1. By End use Industry
    7.3.2.2. By Application
7.4. Japan Tungsten Carbide Market Outlook
  7.4.1. Market Size and Forecast
    7.4.1.1. By Value
    7.4.1.2. By Volume
  7.4.2. Market Share and Forecast
    7.4.2.1. By End use Industry
    7.4.2.2. By Application
7.5. South Korea Tungsten Carbide Market Outlook
  7.5.1. Market Size and Forecast
    7.5.1.1. By Value
    7.5.1.2. By Volume
  7.5.2. Market Share and Forecast
    7.5.2.1. By End use Industry
    7.5.2.2. By Application
7.6. India Tungsten Carbide Market Outlook
  7.6.1. Market Size and Forecast
    7.6.1.1. By Value
    7.6.1.2. By Volume
  7.6.2. Market Share and Forecast
    7.6.2.1. By End use Industry
    7.6.2.2. By Application
7.7. Australia Tungsten Carbide Market Outlook
  7.7.1. Market Size and Forecast
    7.7.1.1. By Value
    7.7.1.2. By Volume
  7.7.2. Market Share and Forecast
    7.7.2.1. By End use Industry
    7.7.2.2. By Application
7.8. Taiwan Tungsten Carbide Market Outlook
  7.8.1. Market Size and Forecast
    7.8.1.1. By Value
    7.8.1.2. By Volume
  7.8.2. Market Share and Forecast
    7.8.2.1. By End use Industry
    7.8.2.2. By Application

8. EUROPE TUNGSTEN CARBIDE MARKET OUTLOOK

8.1. Market Size and Forecast
  8.1.1. By Value and Volume
8.2. Market Share & Forecast
  8.2.1. By End use Industry
  8.2.2. By Application
  8.2.3. By Country
8.3. Germany Tungsten Carbide Market Outlook
  8.3.1. Market Size and Forecast
    8.3.1.1. By Value
    8.3.1.2. By Volume
  8.3.2. Market Share and Forecast
    8.3.2.1. By End use Industry
    8.3.2.2. By Application
8.4. Russia Tungsten Carbide Market Outlook
  8.4.1. Market Size and Forecast
    8.4.1.1. By Value
    8.4.1.2. By Volume
  8.4.2. Market Share and Forecast
    8.4.2.1. By End use Industry
    8.4.2.2. By Application
8.5. United Kingdom Tungsten Carbide Market Outlook
  8.5.1. Market Size and Forecast
    8.5.1.1. By Value
    8.5.1.2. By Volume
  8.5.2. Market Share and Forecast
    8.5.2.1. By End use Industry
    8.5.2.2. By Application
8.6. France Tungsten Carbide Market Outlook
  8.6.1. Market Size and Forecast
    8.6.1.1. By Value
    8.6.1.2. By Volume
  8.6.2. Market Share and Forecast
    8.6.2.1. By End use Industry
    8.6.2.2. By Application
8.7. Italy Tungsten Carbide Market Outlook
  8.7.1. Market Size and Forecast
    8.7.1.1. By Value
    8.7.1.2. By Volume
  8.7.2. Market Share and Forecast
    8.7.2.1. By End use Industry
    8.7.2.2. By Application

9. NORTH AMERICA TUNGSTEN CARBIDE MARKET OUTLOOK

9.1. Market Size and Forecast
  9.1.1. By Value
  9.1.2. By Volume
9.2. Market Share & Forecast
  9.2.1. By End use Industry
  9.2.2. By Application
  9.2.3. By Country
9.3. United States Tungsten Carbide Market Outlook
  9.3.1. Market Size and Forecast
    9.3.1.1. By Value
    9.3.1.2. By Volume
  9.3.2. Market Share and Forecast
    9.3.2.1. By End use Industry
    9.3.2.2. By Application
9.4. Canada Tungsten Carbide Market Outlook
  9.4.1. Market Size and Forecast
    9.4.1.1. By Value
    9.4.1.2. By Volume
  9.4.2. Market Share and Forecast
    9.4.2.1. By End use Industry
    9.4.2.2. By Application
9.5. Mexico Tungsten Carbide Market Outlook
  9.5.1. Market Size and Forecast
    9.5.1.1. By Value
    9.5.1.2. By Volume
  9.5.2. Market Share and Forecast
    9.5.2.1. By End use Industry
    9.5.2.2. By Application

10. SOUTH AMERICA TUNGSTEN CARBIDE MARKET OUTLOOK

10.1. Market Size and Forecast
  10.1.1. By Value
  10.1.2. By Volume
10.2. Market Share & Forecast
  10.2.1. By End use Industry
  10.2.2. By Application
  10.2.3. By Country
10.3. Brazil Tungsten Carbide Market Outlook
  10.3.1. Market Size and Forecast
    10.3.1.1. By Value
    10.3.1.2. By Volume
  10.3.2. Market Share and Forecast
    10.3.2.1. By End use Industry
    10.3.2.2. By Application
10.4. Argentina Tungsten Carbide Market Outlook
  10.4.1. Market Size and Forecast
    10.4.1.1. By Value
    10.4.1.2. By Volume
  10.4.2. Market Share and Forecast
    10.4.2.1. By End use Industry
    10.4.2.2. By Application
10.5. Colombia Tungsten Carbide Market Outlook
  10.5.1. Market Size and Forecast
    10.5.1.1. By Value
    10.5.1.2. By Volume
  10.5.2. Market Share and Forecast
    10.5.2.1. By End use Industry
    10.5.2.2. By Application

11. MIDDLE EAST & AFRICA TUNGSTEN CARBIDE MARKET OUTLOOK

11.1. Market Size and Forecast
  11.1.1. By Value
  11.1.2. By Volume
11.2. Market Share & Forecast
  11.2.1. By End use Industry
  11.2.2. By Application
  11.2.3. By Country
11.3. Saudi Arabia Tungsten Carbide Market Outlook
  11.3.1. Market Size and Forecast
    11.3.1.1. By Value
    11.3.1.2. By Volume
  11.3.2. Market Share and Forecast
    11.3.2.1. By End use Industry
    11.3.2.2. By Application
11.4. Iran Tungsten Carbide Market Outlook
  11.4.1. Market Size and Forecast
    11.4.1.1. By Value
    11.4.1.2. By Volume
  11.4.2. Market Share and Forecast
    11.4.2.1. By End use Industry
    11.4.2.2. By Application
11.5. South Africa Tungsten Carbide Market Outlook
  11.5.1. Market Size and Forecast
    11.5.1.1. By Value
    11.5.1.2. By Volume
  11.5.2. Market Share and Forecast
    11.5.2.1. By End use Industry
    11.5.2.2. By Application
11.6. UAE Tungsten Carbide Market Outlook
  11.6.1. Market Size and Forecast
    11.6.1.1. By Value
    11.6.1.2. By Volume
  11.6.2. Market Share and Forecast
    11.6.2.1. By End use Industry
    11.6.2.2. By Application

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS

14. PRICING ANALYSIS

15. COMPETITIVE LANDSCAPE

15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
  15.2.1. Sandvik AB
  15.2.2. Kennametal
  15.2.3. Umicore
  15.2.4. Ceratizit SA
  15.2.5. Sumitomo Corporation
  15.2.6. Hitachi Metals, Ltd.
  15.2.7. Mitsubishi Materials Corporation
  15.2.8. China Minmetals Corporation
  15.2.9. Xiamen Tungsten Co., Ltd
  15.2.10. American Elements

16. STRATEGIC RECOMMENDATIONS

(Note: The companies list can be customized based on the client requirements)

List Of Figures

LIST OF FIGURES

Figure 1: Global Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 2: Global Tungsten Carbide Market Size, By Volume, 2014-2024F (‘000 Tons)
Figure 3: Global Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 4: Global Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 5: Global Tungsten Carbide Market Share, By Region, By Value, 2014-2024F
Figure 6: Global Tungsten Carbide Market Share, By Company, By Value, 2018
Figure 7: Global Tungsten Carbide Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 8: Global Tungsten Carbide Market Attractiveness Index, By Region, By Value, 2019E-2024F
Figure 9: Asia-Pacific Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 10: Asia-Pacific Tungsten Carbide Market Size, By Volume, 2014-2024F (Million Unit)
Figure 11: Asia-Pacific Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 12: Asia-Pacific Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 13: Asia-Pacific Tungsten Carbide Market Share, By Country, By Value, 2014-2024F
Figure 14: Asia-Pacific Tungsten Carbide Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 16: China Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 17: China Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 18: China Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 19: Japan Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 20: Japan Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 21: Japan Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 22: South Korea Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 23: South Korea Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 24: South Korea Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 25: India Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 26: India Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 27: India Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 28: Australia Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 29: Australia Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 30: Australia Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 31: Taiwan Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 32: Taiwan Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 33: Taiwan Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 34: Europe Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 35: Europe Tungsten Carbide Market Size, By Volume, 2014-2024F (Million Unit)
Figure 36: Europe Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 37: Europe Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 38: Europe Tungsten Carbide Market Share, By Country, By Value, 2014-2024F
Figure 39: Europe Tungsten Carbide Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 40: Germany Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 41: Germany Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 42: Germany Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 43: Russia Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 44: Russia Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 45: Russia Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 46: United Kingdom Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 47: United Kingdom Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 48: United Kingdom Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 49: France Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 50: France Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 51: France Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 52: Italy Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 53: Italy Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 54: Italy Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 55: North America Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 56: North America Tungsten Carbide Market Size, By Volume, 2014-2024F (Million Unit)
Figure 57: North America Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 58: North America Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 59: North America Tungsten Carbide Market Share, By Country, By Value, 2014-2024F
Figure 60: United States Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 61: United States Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 62: United States Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 63: Canada Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 64: Canada Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 65: Canada Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 66: Mexico Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 67: Mexico Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 68: Mexico Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 69: South America Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 70: South America Tungsten Carbide Market Size, By Volume, 2014-2024F (Tons)
Figure 71: South America Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 72: South America Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 73: South America Tungsten Carbide Market Share, By Country, By Value, 2014-2024F
Figure 74: South America Tungsten Carbide Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 75: Brazil Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 76: Brazil Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 77: Brazil Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 78: Argentina Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 79: Argentina Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 80: Argentina Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 81: Colombia Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 82: Colombia Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 83: Colombia Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 84: Middle East and Africa Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 85: Middle East and Africa Tungsten Carbide Market Size, By Volume, 2014-2024F (Tons)
Figure 86: Middle East and Africa Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 87: Middle East and Africa Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 88: Middle East and Africa Tungsten Carbide Market Share, By Country, By Value, 2014-2024F
Figure 89: Middle East and Africa Tungsten Carbide Market Attractiveness Index, By Application, By Value, 2019E-2024F
Figure 90: Saudi Arabia Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 91: Saudi Arabia Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 92: Saudi Arabia Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 93: Iran Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 94: Iran Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 95: Iran Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 96: South Africa Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 97: South Africa Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 98: South Africa Tungsten Carbide Market Share, By End User, By Value, 2014-2024F
Figure 99: UAE Tungsten Carbide Market Size, By Value, 2014-2024F (USD Million)
Figure 100: UAE Tungsten Carbide Market Share, By Application, By Value, 2014-2024F
Figure 101: UAE Tungsten Carbide Market Share, By End User, By Value, 2014-2024F