Industry Trend Analysis
The global tungsten carbide cemented carbide market is expected to experience significant growth over the forecast period between 2013 and 2022. Cemented carbide is a tough substance which is used widely in industrial applications such as cutting tool material. It comprises of fine carbide particles that are cemented into a combination by a binder metal. Cemented carbides generally use titanium carbide (TiC), tantalum carbide (TaC), or tungsten carbide (WC) as the collective. Mentions of tungsten carbide or carbide in industrial surrounding generally concern to the cemented composites. Many times, carbide cutters will result in a superior surface finish on the component and permit rapid machining as compared to other tool steels such as high-speed steel. Carbide tools can endure higher temperatures at the edge of cutter-work piece as compared to typical high-speed steel tools. Carbide is frequently better for tough materials cutting such as stainless steel or carbon steel, and also the situations such as high-quantity production runs, in which other cutting tools might wear away more rapidly.
Application Outlook and Trend Analysis
By application, the global industry is split into the Cutting application, Geological application, Mould application, Structural Parts application and Wear Part application. It is utilized as inserts for cutting of metal, the advantages of carbide usage at the cutting edge is no elevated cost and fragility of manufacturing the whole tool using carbide. Tunneling and mining tools are most frequently equipped with Cemented Carbide tips, the alleged Button Bits. These Cemented Carbide buttons can be replaced only by a man-made diamond when conditions are suitable, except for the rock drilling as it is a tough job; hence only Cemented Carbide button bits are beingused around the globe. It is utilized for the constructing of several parts which are likely to wear like sheets, nozzles, inserts, balls, strips, rods and many others.
Regional Outlook and Trend Analysis
Japan, India, and China are the major consumers of tungsten carbide cemented carbide in the Asia Pacific region. North America, directed by the United States is expected to demonstrate reasonable gains during the forecast timeframe. Growing oil & gas industry in the United States combined with shale gas discovery and mining industry will fuel the regional demand by 2024. Also, blooming regional construction market following monetary recession will balance industry growth further in the approaching years. European tungsten carbide cemented carbide market share will be propelled by rising demand of the product in the construction owing to growing remodeling and renovation activities.
Competitive Outlook and Trend Analysis
The key market players are Xinrui Technology Co. Ltd., Sandvik, Suzhou Shareate Trade Co. Ltd., Kennametal, SINTER SUD Srl, Mitsubishi Materials Corporation, Xiamen Tungsten Co., Ltd., Iscar Metalworking, Zhuzhou Cemented Carbides Group Co., Ltd., Toshiba Corporation, Chongyi Zhangyuan Tungsten Co., Ltd., and Jiangxi Jiangwu Cemented Carbide Co., Ltd.
The global tungsten carbide cemented carbide market is segmented as follows :
By Product Type
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?