Tungsten Carbide Market 2018 :In-Depth Analysis with Inputs from Industry Experts

Tungsten carbide market research report delivers erudite market data on the market drivers, present as well as upcoming growth opportunities, segment wise and region wise challenges faced by tungsten carbide market, competitive scenario in the global market. Tungsten carbide market analyst segments the market to help the buyer to understand the present as well as future market size, situations in terms of growth rate and revenue.

The worldwide and regional tungsten carbide market elements are precisely explained which helps to understand advancing of business trends, drivers, opportunities, and difficulties for the worldwide tungsten carbide market.

Tungsten Carbide Market Driver

One driver in the market is recycling of tungsten from scrap. The global tungsten carbide market has witnessed a continuous growth over the past few decades, which resulted in an increasing consumption of tungsten. Recycling of tungsten carbide is gaining popularity with recent feasible and advanced techniques showcasing effective extraction of tungsten from scrap. Currently, two methods are in practice for tungsten carbide recycling, which include the direct method and the indirect method.

Tungsten Carbide Market Challenge

one challenge in the market is economic slowdown in China. Recent weak economic conditions in China resulted in more tungsten supply and less consumption. As a result, a downward trend in the price of tungsten was observed during 2013-2015. As China is the leading producer of tungsten ores with more than 60% of the global share, the economic slowdown and downward price trend affected the global tungsten carbide market.

Tungsten Carbide Market Trend

One trend in the market is emerging applications of tungsten carbide. In addition to the use of tungsten carbide in machine tools, cutting tools, dies, punches, and abrasives, technological advancements are showcasing the rich prospect for the use of tungsten carbide for new emerging applications. One of the applications is the use of tungsten carbide as a reforming catalyst for the conversion of natural gas to hydrogen gas

The Porter’s five forces analysis included in the report educates buyer on the current situations along with anticipated future tungsten carbide market size.

The CAGR of each segment in tungsten carbide market along with global market (as whole) is explained with great ease. Also, global and regional tungsten carbide market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.

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