Tungsten Carbide Powder Market worth 24.90 Billion USD by 2026


Posted February 27, 2017 by RohitBhagare

The global tungsten carbide powder market is projected to grow from 14.78 Billion in 2016 to USD 24.90 Billion by 2026, at a CAGR of 5.4% during the forecast period.

 
The global tungsten carbide powder market is projected to grow from 14.78 Billion in 2016 to USD 24.90 Billion by 2026, at a CAGR of 5.4% during the forecast period.

Browse 110 market data tables and 70 figures spread through 165 pages and in-depth TOC on “Tungsten Carbide Powder Market by Grade (Rotary Drilling & Mining, Metal Forming & Wear), Application (Machine Tools & Components, Cutting Tools), End-Use Industry (Mining & Construction, Industrial Engineering), and Region - Global Forecast to 2026”

http://www.marketsandmarkets.com/Market-Reports/tungsten-carbide-powder-market-232394795.html

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=232394795

The rotary drilling & mining segment is the fastest-growing grade segment of the global tungsten carbide powder market

The rotary drilling & mining grade segment accounted for the largest share of the global tungsten carbide powder market in 2016; this segment is projected to grow at the highest CAGR between 2016 and 2026. Increasing investments made towards the discovery of oil & gas resources is anticipated to drive the growth of the rotary drilling & mining grade segment.

The machine tools & components application segment is anticipated to grow at the highest CAGR from 2016 to 2026

The machine tools & components application segment of the global tungsten carbide powder market is projected to grow at the highest CAGR from 2016 to 2026. The increasing demand for machine tools & components from the mining & construction industry and the expansion of the industrial engineering and transportation sectors are factors anticipated to boost the growth of this segment.

The mining & construction segment is the fastest-growing end-use industry segment of the global tungsten carbide powder market

The mining & construction end-use industry segment accounted for the largest share of the global tungsten carbide powder market in 2016; this segment is projected to grow at the highest CAGR from 2016 to 2026. The increasing demand for tungsten carbide powder in the mining & construction industry, owing to its superior properties such as resistance to abrasion & impact, toughness, and hardness, has contributed to the growth of this market.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Rohit Bhagare
Country India
Categories Business , Research
Last Updated February 27, 2017