GITNUX MARKETDATA REPORT 2024

Tungsten Carbide Powder Industry Statistics

The Tungsten Carbide Powder industry is anticipated to experience steady growth in the coming years due to increasing demand from various end-use industries such as automotive, aerospace, and mining.

With sources from: futuremarketinsights.com, grandviewresearch.com, gminsights.com, alliedmarketresearch.com and many more

Statistic 1

The global market size of Tungsten Carbide Powder was $1760 Million in 2018.

Statistic 2

The Tungsten Carbide Powder market is projected to reach $2 Billion by 2025.

Statistic 3

North America is the second-largest Tungsten Carbide Powder market.

Statistic 4

The mining and construction industry accounts for over 60% of the overall Tungsten Carbide Powder market.

Statistic 5

The top companies in the Tungsten Carbide Powder market include Sandvik, Kennametal, and CERATIZIT.

Statistic 6

Indian Tungsten Carbide Powder market is expected to grow at a CAGR of 11.25% during 2021-2026.

Statistic 7

In 2020, the Asia Pacific accounted for 49% of the global Tungsten Carbide Powder market.

Statistic 8

By 2023, global Tungsten Carbide Powder production is expected to reach 20,000 MT.

Statistic 9

By 2027, global Tungsten Carbide Powder demand is anticipated to exceed 25,000 MT.

Statistic 10

Global metal matrix composites, a significant consumer of Tungsten Carbide Powder, are expected to reach $595.6 million in 2022.

Statistic 11

Carbide derived carbon (CDC), another application of Tungsten Carbide, is expected to achieve a CAGR of 7% from 2020-2026.

Statistic 12

A 200-300 mesh Tungsten Carbide Powder has an average price of $30/kg.

Statistic 13

The oil and gas drilling industry accounts for 27% of the Tungsten Carbide Powder demand in North America.

Statistic 14

In Latin America, Brazil is expected to lead the Tungsten Carbide Powder market during 2021-2026.

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In this post, we will explore key statistics and insights within the Tungsten Carbide Powder industry, shedding light on market size, projections, regional trends, major players, applications, and future expectations. From the global market size in 2018 to growth projections for various regions and industries, these statistics provide a comprehensive view of the dynamics shaping the Tungsten Carbide Powder landscape. Stay tuned to gain valuable insights into this thriving industry.

Statistic 1

"The global market size of Tungsten Carbide Powder was $1760 Million in 2018."

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Statistic 2

"The Tungsten Carbide Powder market is projected to reach $2 Billion by 2025."

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Statistic 3

"North America is the second-largest Tungsten Carbide Powder market."

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Statistic 4

"The mining and construction industry accounts for over 60% of the overall Tungsten Carbide Powder market."

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Statistic 5

"The top companies in the Tungsten Carbide Powder market include Sandvik, Kennametal, and CERATIZIT."

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Statistic 6

"Indian Tungsten Carbide Powder market is expected to grow at a CAGR of 11.25% during 2021-2026."

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Statistic 7

"In 2020, the Asia Pacific accounted for 49% of the global Tungsten Carbide Powder market."

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Statistic 8

"By 2023, global Tungsten Carbide Powder production is expected to reach 20,000 MT."

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Statistic 9

"By 2027, global Tungsten Carbide Powder demand is anticipated to exceed 25,000 MT."

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Statistic 10

"Global metal matrix composites, a significant consumer of Tungsten Carbide Powder, are expected to reach $595.6 million in 2022."

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Statistic 11

"Carbide derived carbon (CDC), another application of Tungsten Carbide, is expected to achieve a CAGR of 7% from 2020-2026."

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Statistic 12

"A 200-300 mesh Tungsten Carbide Powder has an average price of $30/kg."

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Statistic 13

"The oil and gas drilling industry accounts for 27% of the Tungsten Carbide Powder demand in North America."

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Statistic 14

"In Latin America, Brazil is expected to lead the Tungsten Carbide Powder market during 2021-2026."

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Interpretation

The global Tungsten Carbide Powder market is witnessing significant growth, with projections to reach $2 billion by 2025. The industry is dominated by key players such as Sandvik, Kennametal, and CERATIZIT, with a strong presence in sectors like mining, construction, oil and gas drilling, and metal matrix composites. North America and Asia Pacific are key regions driving market demand, with notable growth expected in markets like India and Brazil. The increasing demand for Tungsten Carbide Powder across various industries highlights its importance and potential for future expansion.

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