Future Market Insights has announced the addition of the “Tungsten Carbide Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027 " report to their offering

Valley Cottage, NY -- (SBWIRE) -- 02/08/2019 -- Metal carbides play a vital role in end use industries, due to their valuable properties. Globally, they play a dynamic role in many areas of material science, physics and chemistry. These metal carbide are available in various sizes and shapes, and offer a variety of properties, such as such as hardness, stiffness, etc. Tungsten carbide is one of these metal carbides and exhibits the aforementioned properties. It is produced by the reaction of tungsten hexachloride with methane or methanol, which is the source of carbon in the reaction. Tungsten carbide is an inorganic chemical compound, represented by the chemical formula WC and physically, it is in the form of a fine grey powder. The formation of tungsten carbide involves an equal number of carbon and tungsten atoms. In terms of properties, tungsten carbide is much stiffer than steel and denser than titanium. Its hardness is comparable with precious metals, such as ruby, sapphire and corundum. Owing to tungsten carbide's high resistivity to abrasion, it is widely used in the manufacturing industry for cutting tools. The only drawback in the application of tungsten carbide is that it can decompose at high temperatures and separate into its initial form, i.e. as tungsten and a carbide.

Tungsten carbides are progressively becoming a part of our daily lives and it is anticipated that their application will increase significantly in the coming future, as they are being produced in large quantities for usage in a diverse variety of products. Growing research & development activities to enhance growth in technology are anticipated to drive the tungsten carbide market, and furthermore support its application in ammunition, jewellery and others over the forecast period.

Increasing high quality demand in end use industries is expected to drive demand for the tungsten carbide market during the forecast period. Superior properties of final finished products of tungsten carbide are expected to fuel demand for the tungsten carbide market in the future. Tungsten carbide has become a popular material in the manufacturing of jewellery, due to its high resistance to scratching and the hardness of the material. Despite these positive attributes, the tungsten carbide market is expected to be restrained by its relatively high cost when compared to other metal carbides. Tungsten carbide is a good replacement for uranium in the manufacturing of ammunition and in many other end use applications. Therefore, the lack of availability of uranium in some regions, and its severe ill effects on the human body is expected to create a significant opportunity for tungsten carbide manufactures.

The tungsten carbide market can be divided into seven different geographical regions/divisions: North America, Latin America, Western and Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa. Economies in the APEJ region, especially India and China, will play a significant role in the growth of the tungsten carbide market over the forecast period.

Owing to the increasing adoption of sustainable technology in production globally, the tungsten carbide market is projected to grow at a significantly high CAGR during the forecast period. Furthermore, new technologies and inventions in tungsten carbide will foster growth in the global market.

According to People's Daily, the construction of Phase II of Fangchenggang Nuclear Power Project is in full swing recently. As a reference power station for China's Hualong 1 demonstration project and Bradwell B nuclear power project in the UK, Fangchenggang Nuclear Power Phase II has attracted worldwide attention. Because 10,000 miles away in London, the UK Nuclear Regulatory Office and the UK Environment Agency have formally sent letters agreeing that the UK General Design Review (GDA) of Hualong I will enter the second stage, and that Hualong I will take another important step towards the formal start of construction in the UK.

According to Reuters, at least two Chinese companies are preparing to bid for GE's remaining lighting assets, which could be worth up to $1 billion.

Ground penetrating bomb is a kind of ground attack bomb, which is composed of carrier and penetrating warhead. It carries a ground penetrating warhead (also known as penetrating warhead) and is used to attack Airport runway, ground reinforcement targets and underground facilities. On May 8, 1999, the "JDAM" bomb that destroyed the Chinese Embassy in the Federal Republic of Yugoslavia was a kind of ground penetrating bomb. It used nickel-cobalt alloy. When China saw the power of the U.S. ground penetrating bomb, it began to develop our ground penetrating bomb.

According to the Global Times on February 28, China Shipbuilding Heavy Industry Group, which is responsible for the construction of China's first domestic aircraft carrier, said that China will speed up the breakthrough in key issues of nuclear-powered aircraft carriers, and the development of nuclear-powered aircraft carriers has been put on the agenda. In fact, no matter what the power of the aircraft carrier, its research and manufacture need to use a large number of non-ferrous metals. In the military field, tungsten, which is high density, high strength, high temperature resistance, wear resistance and corrosion resistance, has been very popular. In the process of aircraft carrier design, tungsten is widely used in engine, wear-resistant deck, corrosion-resistant coating, reflective electromagnetic wave and other fields. The manufacture of nuclear power aircraft carrier will also improve the tungsten and other tungsten products market.

A research group lead by Professor of Japan Kyushu Municipal University recently developed a new method which is to use visible light under room temperature, complete the transfer of CH4 into C2H6 and H2 only in one step.

China Molybdenum Co.,Ltd published 2018 annual performance pre-increase announcement on Jan.30. It estimates that net profit belongs to shareholders of listed company is RMB 4.52~4.88 billion, increased 65.7~78.9% on year on year basis.

According to Chinese customs latest statistics, tungsten products export volume is 37377.91 ton in 2018, convert into metal content is 31 thousand tons. It increase 6.54% compared to 2017. Total export volume is $1.331 billion, increased 44.9% compared to 2017.

The world is facing significant environmental challenges such as improving the quality of air, soil, and water. Currently, industry is focusing on detecting pollutants (from chemical spills, fertilizer and pesticide run-off), improving industrial and mining sites, treating contaminants and stopping further pollution.