GMI Research projects the Global tungsten carbide power market to be USD 20 Billion by 2021. End-use industries, such as mining & construction, industrial engineering, and transportation industries will the growth of the global tungsten carbide powder market.
Mining and drilling has so far accounted for largest share of the global tungsten carbide powder market followed by machine tools and components application segment.
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India, China and Japan are leading consumers of tungsten carbide power. India and China continue to witness substantial investment in tungsten carbide end use industries like mining, construction, aerospace and defence.
The report aims at estimating the market size and future growth potential of tungsten carbide powder market across different segments such as grade, volume, end use, application and regions. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
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