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Rapid urbanization and improved infrastructure, has led to the expansion of construction projects drive the Tungsten Carbide Powder Market growth

HYDERABAD, TELANGANA, INDIA, December 1, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that Tungsten Carbide Powder Market size is forecast to reach US$16.3 billion by 2027 at a CAGR of 5.2% during the forecast period 2022-2027. Tungsten carbide (methylidyne tungsten) is one of the non ferrous metals that have superior properties such as increasing strength, hardness and toughness. Chemical vapor deposition (CVD) is a coating process that exhibits excellent erosion and wear-resistance properties. This depositing tungsten carbide coatings are commonly used in the aerospace industry. Tungsten carbide powder market share is being produced by the end-user industries such as mining, building & construction, transportation, industries, aerospace and others. The tungsten carbide powder industry is an emerging industry for construction.The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the complete report summary: https://www.industryarc.com/Research/Tungsten-Carbide-Powder-Market-Research-500471

This IndustryARC report on the Tungsten Carbide Powder Market highlights the following areas -

1. The properties such as strength, hardness and toughness along with its application used for making a variety of cutting tools and machine equipment drive the growth of the tungsten carbide powder market.

2. Recycling tungsten carbide powder into reusable tungsten carbide can be observed as a golden opportunity in the tungsten carbide powder market.

3. Asia-Pacific dominated the global market share, with growing transportation activities in countries such as China, India and Japan.

Interested in knowing more relevant information? Click here: https://www.industryarc.com/pdfdownload.php?id=500471

1. The Rotary, Drilling and Mining Grades held the largest share of 30% in the tungsten carbide powder market in 2021. Rotary drilling is the earth auger, which is hand-operated and resembles the wood auger used in carpentry. Rotary drilling may be adapted for use at any angle and is applicable for underground mining.

2. Asia-Pacific (APAC) dominated the Tungsten Carbide Powder market during the year 2021 with a market share of 40%, followed by North America and Europe. In the APAC region, China is driving much of the tungsten carbide powder market demand in the Asia-Pacific region followed by India and Japan. Asian countries including China and India who majorly use cutting tools in the construction & mining industry drives the demand for tungsten carbide powder.

3. Cutting tools held the largest share of 35% in the tungsten carbide powder market in the year 2021. Cutting tools is a hardened metal tool that is used to cut, shape and remove material from a workpiece. Cutting tools use tungsten carbide powder because of its high wear resistance, high modulus of elasticity as well as good impact toughness and corrosion resistance.

The top 5 players in the Tungsten Carbide Powder Industry are -

1. Sandvik 2. Xiamen Tungsten 3. China Minmetals 4. Element Six 5. Jiangxi Yaosheng

Click on the following link to buy the Tungsten Carbide Powder Market Report: https://www.industryarc.com/reports/request-quote?id=500471

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

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