The Tungsten Carbide Powder Market is expected to register a CAGR of 5.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The tungsten carbide powder market report is segmented by grade (rotary drilling and mining, metal forming and wear, submicron, corrosion resistant, general purpose, and others). The report is further segmented by application (machine tools and components, cutting tools, dies and punches, abrasive products, and others). The report further presents an analysis based on the end use industry (mining and construction, industrial engineering, transportation, oil and gas, aerospace and defense, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Tungsten Carbide Powder Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Tungsten Carbide Powder Market Segmentation
Grade- Rotary Drilling and Mining
- Metal Forming and Wear
- Submicron
- Corrosion Resistant
- General Purpose
- Machine Tools and Components
- Cutting Tools
- Dies and Punches
- Abrasive Products
- Mining and Construction
- Industrial Engineering
- Transportation
- Oil and Gas
- Aerospace and Defense
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Tungsten Carbide Powder Market Growth Drivers- Key Industrial Applications Driving Demand for Tungsten Carbide Powder: Manufacturing, mining, and construction are the key industrial applications of the powder of tungsten carbide, thus driving this market. Tungsten carbide is the hardest and most wear-resistant material known to man. It is necessary in the production of cutting tools, drill bits, and hard-wearing products, which is a requirement for many industries.
- Technological Advancements Expanding the Scope of Tungsten Carbide Powder Applications: Technological development improves manufacturing processes and increases applications in the market for tungsten carbide powder. Improvement in precision machining and advanced techniques for powder metallurgy enhances efficiency and performance of the product. The impact of technological advancement on driving demand as well as facilitating the growth of new applications in various industries widens the scope of the market further.
- Growing Automotive Industry Boosting Demand for High-Quality Tungsten Carbide Powder: In this industrial perspective, the demand for tungsten carbide powder is expected to grow even with the growing automotive industry itself. The highest drive in demand of high-quality cutting tool and wear-resistant parts is due to the more efficient and durable parts. Innovation and quality in manufacturing process is emphasized by the automobile industry.
- Sustainability Trends Driving Environmental Responsibility in Tungsten Carbide Powder Market: There is growing attention to sustainability in the tungsten carbide powder market. Tungsten carbide powder companies have become more and more environmentally responsive as responsible sourcing and recycling of materials are becoming pivotal. Such moves are increasingly prompted by consumer demand for greener products that nudge such companies to reduce their environmental footprint - thereby improving brand reputation and market appeal.
- Customization of Tungsten Carbide Powder to Meet Specific Industry Requirements: Customization is one of the primary trends for the tungsten carbide powder market, as different types of industry requirements seem to influence the demand. Increasing numbers of companies have been focusing on specialty formulations that are developed for particular applications. This could be precision tools, wear-resistant parts, or any other specialty application. With this approach, companies are able to meet the individualistic requirements of customers and establish a difference in an otherwise crowded market.
- Advancements in Additive Manufacturing and 3D Printing Expanding Tungsten Carbide Powder Applications: Advancing additive manufacturing is dramatically changing the face of the tungsten carbide powder market. Adoption of 3D printing technologies in industries fuels demand for tungsten carbide powder to make complex, high-performance parts. It's surely an open door for innovative applications with design flexibility and no waste in the actual production processes.
- Emerging Markets Driving Demand for Tungsten Carbide Powder in Construction and Manufacturing Sectors: Emerging markets are very important to the tungsten carbide powder market. The days when the industrialization and infrastructural development of regions like the Asia-Pacific and Africa grow only faster would surge the demand of hard materials in construction as well as in the manufacturing sectors which would create a fertile ground for market growth and sales increase.
- Diversification into New Applications Offering Growth Opportunities for Tungsten Carbide Powder: Diversification into new applications for tungsten carbide powder is another significant opportunity for growth. In electronics, medical devices, and aerospace, producers are looking for high-performance materials to employ in specialty parts. The expanded product lines in these new markets should not only bring more revenue and growth for the producer but also stimulate innovation in the development of new products.
- Strategic Partnerships Enhancing Market Growth and Innovation in Tungsten Carbide Powder: Strategic partnerships would also drive growth in the market for tungsten carbide powder. Joint ventures with such companies in these larger markets-machining, manufacturing, and research-provide the ability to not only bring innovative products but also share resources. Such arrangements can even more solidify and deepen market position, expand distribution networks, and support service of new markets into overall success.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tungsten Carbide Powder Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Tungsten Carbide Powder Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Demand for specialized tungsten carbide formulations tailored for specific applications is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the tungsten carbide powder market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The major factors driving the tungsten carbide powder market are:
1. High demand from manufacturing, construction, and mining sectors for durable materials.
2. Innovations in manufacturing processes expand applications of tungsten carbide.
Sandvik AB, Kennametal Inc, Ceratizit SA, Lineage Alloys Inc, Federal Carbide Co, Guangdong Xianglu Tungsten Co Ltd, Nanchang Cemented Carbide Co Ltd, Japan New Metal Co Ltd, and Buffalo Tungsten Inc
The Tungsten Carbide Powder Market is estimated to witness a CAGR of 5.3% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tungsten Carbide Powder Market - By Grade
1.3.2 Tungsten Carbide Powder Market - By Application
1.3.3 Tungsten Carbide Powder Market - By End-Use Industry
1.3.4 Tungsten Carbide Powder Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TUNGSTEN CARBIDE POWDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TUNGSTEN CARBIDE POWDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TUNGSTEN CARBIDE POWDER MARKET - GLOBAL MARKET ANALYSIS
6.1. TUNGSTEN CARBIDE POWDER - GLOBAL MARKET OVERVIEW
6.2. TUNGSTEN CARBIDE POWDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TUNGSTEN CARBIDE POWDER MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. ROTARY DRILLING AND MINING GRADES
7.3.1. Overview
7.3.2. Rotary Drilling and Mining Grades Market Forecast and Analysis
7.4. METAL FORMING AND WEAR GRADES
7.4.1. Overview
7.4.2. Metal Forming and Wear Grades Market Forecast and Analysis
7.5. SUBMICRON GRADES
7.5.1. Overview
7.5.2. Submicron Grades Market Forecast and Analysis
7.6. CORROSION RESISTANT GRADES
7.6.1. Overview
7.6.2. Corrosion Resistant Grades Market Forecast and Analysis
7.7. GENERAL PURPOSE GRADES
7.7.1. Overview
7.7.2. General Purpose Grades Market Forecast and Analysis
7.8. OTHER GRADES
7.8.1. Overview
7.8.2. Other Grades Market Forecast and Analysis
8. TUNGSTEN CARBIDE POWDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MACHINE TOOLS AND COMPONENTS
8.3.1. Overview
8.3.2. Machine Tools and Components Market Forecast and Analysis
8.4. CUTTING TOOLS
8.4.1. Overview
8.4.2. Cutting Tools Market Forecast and Analysis
8.5. DIES AND PUNCHES
8.5.1. Overview
8.5.2. Dies and Punches Market Forecast and Analysis
8.6. ABRASIVE PRODUCTS
8.6.1. Overview
8.6.2. Abrasive Products Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. TUNGSTEN CARBIDE POWDER MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. MINING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Mining and Construction Market Forecast and Analysis
9.4. INDUSTRIAL ENGINEERING
9.4.1. Overview
9.4.2. Industrial Engineering Market Forecast and Analysis
9.5. TRANSPORTATION
9.5.1. Overview
9.5.2. Transportation Market Forecast and Analysis
9.6. OIL AND GAS
9.6.1. Overview
9.6.2. Oil and Gas Market Forecast and Analysis
9.7. AEROSPACE AND DEFENSE
9.7.1. Overview
9.7.2. Aerospace and Defense Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. TUNGSTEN CARBIDE POWDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tungsten Carbide Powder Market Overview
10.1.2 North America Tungsten Carbide Powder Market Forecasts and Analysis
10.1.3 North America Tungsten Carbide Powder Market Forecasts and Analysis - By Grade
10.1.4 North America Tungsten Carbide Powder Market Forecasts and Analysis - By Application
10.1.5 North America Tungsten Carbide Powder Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Tungsten Carbide Powder Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tungsten Carbide Powder Market
10.1.6.1.1 United States Tungsten Carbide Powder Market by Grade
10.1.6.1.2 United States Tungsten Carbide Powder Market by Application
10.1.6.1.3 United States Tungsten Carbide Powder Market by End-Use Industry
10.1.6.2 Canada Tungsten Carbide Powder Market
10.1.6.2.1 Canada Tungsten Carbide Powder Market by Grade
10.1.6.2.2 Canada Tungsten Carbide Powder Market by Application
10.1.6.2.3 Canada Tungsten Carbide Powder Market by End-Use Industry
10.1.6.3 Mexico Tungsten Carbide Powder Market
10.1.6.3.1 Mexico Tungsten Carbide Powder Market by Grade
10.1.6.3.2 Mexico Tungsten Carbide Powder Market by Application
10.1.6.3.3 Mexico Tungsten Carbide Powder Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Tungsten Carbide Powder Market Overview
10.2.2 Europe Tungsten Carbide Powder Market Forecasts and Analysis
10.2.3 Europe Tungsten Carbide Powder Market Forecasts and Analysis - By Grade
10.2.4 Europe Tungsten Carbide Powder Market Forecasts and Analysis - By Application
10.2.5 Europe Tungsten Carbide Powder Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Tungsten Carbide Powder Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tungsten Carbide Powder Market
10.2.6.1.1 Germany Tungsten Carbide Powder Market by Grade
10.2.6.1.2 Germany Tungsten Carbide Powder Market by Application
10.2.6.1.3 Germany Tungsten Carbide Powder Market by End-Use Industry
10.2.6.2 France Tungsten Carbide Powder Market
10.2.6.2.1 France Tungsten Carbide Powder Market by Grade
10.2.6.2.2 France Tungsten Carbide Powder Market by Application
10.2.6.2.3 France Tungsten Carbide Powder Market by End-Use Industry
10.2.6.3 Italy Tungsten Carbide Powder Market
10.2.6.3.1 Italy Tungsten Carbide Powder Market by Grade
10.2.6.3.2 Italy Tungsten Carbide Powder Market by Application
10.2.6.3.3 Italy Tungsten Carbide Powder Market by End-Use Industry
10.2.6.4 Spain Tungsten Carbide Powder Market
10.2.6.4.1 Spain Tungsten Carbide Powder Market by Grade
10.2.6.4.2 Spain Tungsten Carbide Powder Market by Application
10.2.6.4.3 Spain Tungsten Carbide Powder Market by End-Use Industry
10.2.6.5 United Kingdom Tungsten Carbide Powder Market
10.2.6.5.1 United Kingdom Tungsten Carbide Powder Market by Grade
10.2.6.5.2 United Kingdom Tungsten Carbide Powder Market by Application
10.2.6.5.3 United Kingdom Tungsten Carbide Powder Market by End-Use Industry
10.2.6.6 Russia Tungsten Carbide Powder Market
10.2.6.6.1 Russia Tungsten Carbide Powder Market by Grade
10.2.6.6.2 Russia Tungsten Carbide Powder Market by Application
10.2.6.6.3 Russia Tungsten Carbide Powder Market by End-Use Industry
10.2.6.7 Rest of Europe Tungsten Carbide Powder Market
10.2.6.7.1 Rest of Europe Tungsten Carbide Powder Market by Grade
10.2.6.7.2 Rest of Europe Tungsten Carbide Powder Market by Application
10.2.6.7.3 Rest of Europe Tungsten Carbide Powder Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tungsten Carbide Powder Market Overview
10.3.2 Asia-Pacific Tungsten Carbide Powder Market Forecasts and Analysis
10.3.3 Asia-Pacific Tungsten Carbide Powder Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Tungsten Carbide Powder Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Tungsten Carbide Powder Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Tungsten Carbide Powder Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tungsten Carbide Powder Market
10.3.6.1.1 Australia Tungsten Carbide Powder Market by Grade
10.3.6.1.2 Australia Tungsten Carbide Powder Market by Application
10.3.6.1.3 Australia Tungsten Carbide Powder Market by End-Use Industry
10.3.6.2 China Tungsten Carbide Powder Market
10.3.6.2.1 China Tungsten Carbide Powder Market by Grade
10.3.6.2.2 China Tungsten Carbide Powder Market by Application
10.3.6.2.3 China Tungsten Carbide Powder Market by End-Use Industry
10.3.6.3 India Tungsten Carbide Powder Market
10.3.6.3.1 India Tungsten Carbide Powder Market by Grade
10.3.6.3.2 India Tungsten Carbide Powder Market by Application
10.3.6.3.3 India Tungsten Carbide Powder Market by End-Use Industry
10.3.6.4 Japan Tungsten Carbide Powder Market
10.3.6.4.1 Japan Tungsten Carbide Powder Market by Grade
10.3.6.4.2 Japan Tungsten Carbide Powder Market by Application
10.3.6.4.3 Japan Tungsten Carbide Powder Market by End-Use Industry
10.3.6.5 South Korea Tungsten Carbide Powder Market
10.3.6.5.1 South Korea Tungsten Carbide Powder Market by Grade
10.3.6.5.2 South Korea Tungsten Carbide Powder Market by Application
10.3.6.5.3 South Korea Tungsten Carbide Powder Market by End-Use Industry
10.3.6.6 Indonesia Tungsten Carbide Powder Market
10.3.6.6.1 Indonesia Tungsten Carbide Powder Market by Grade
10.3.6.6.2 Indonesia Tungsten Carbide Powder Market by Application
10.3.6.6.3 Indonesia Tungsten Carbide Powder Market by End-Use Industry
10.3.6.7 Singapore Tungsten Carbide Powder Market
10.3.6.7.1 Singapore Tungsten Carbide Powder Market by Grade
10.3.6.7.2 Singapore Tungsten Carbide Powder Market by Application
10.3.6.7.3 Singapore Tungsten Carbide Powder Market by End-Use Industry
10.3.6.8 Rest of Asia-Pacific Tungsten Carbide Powder Market
10.3.6.8.1 Rest of Asia-Pacific Tungsten Carbide Powder Market by Grade
10.3.6.8.2 Rest of Asia-Pacific Tungsten Carbide Powder Market by Application
10.3.6.8.3 Rest of Asia-Pacific Tungsten Carbide Powder Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tungsten Carbide Powder Market Overview
10.4.2 Middle East and Africa Tungsten Carbide Powder Market Forecasts and Analysis
10.4.3 Middle East and Africa Tungsten Carbide Powder Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Tungsten Carbide Powder Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Tungsten Carbide Powder Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Tungsten Carbide Powder Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tungsten Carbide Powder Market
10.4.6.1.1 South Africa Tungsten Carbide Powder Market by Grade
10.4.6.1.2 South Africa Tungsten Carbide Powder Market by Application
10.4.6.1.3 South Africa Tungsten Carbide Powder Market by End-Use Industry
10.4.6.2 Saudi Arabia Tungsten Carbide Powder Market
10.4.6.2.1 Saudi Arabia Tungsten Carbide Powder Market by Grade
10.4.6.2.2 Saudi Arabia Tungsten Carbide Powder Market by Application
10.4.6.2.3 Saudi Arabia Tungsten Carbide Powder Market by End-Use Industry
10.4.6.3 U.A.E Tungsten Carbide Powder Market
10.4.6.3.1 U.A.E Tungsten Carbide Powder Market by Grade
10.4.6.3.2 U.A.E Tungsten Carbide Powder Market by Application
10.4.6.3.3 U.A.E Tungsten Carbide Powder Market by End-Use Industry
10.4.6.4 Iran Tungsten Carbide Powder Market
10.4.6.4.1 Iran Tungsten Carbide Powder Market by Grade
10.4.6.4.2 Iran Tungsten Carbide Powder Market by Application
10.4.6.4.3 Iran Tungsten Carbide Powder Market by End-Use Industry
10.4.6.5 Rest of Middle East and Africa Tungsten Carbide Powder Market
10.4.6.5.1 Rest of Middle East and Africa Tungsten Carbide Powder Market by Grade
10.4.6.5.2 Rest of Middle East and Africa Tungsten Carbide Powder Market by Application
10.4.6.5.3 Rest of Middle East and Africa Tungsten Carbide Powder Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tungsten Carbide Powder Market Overview
10.5.2 South and Central America Tungsten Carbide Powder Market Forecasts and Analysis
10.5.3 South and Central America Tungsten Carbide Powder Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Tungsten Carbide Powder Market Forecasts and Analysis - By Application
10.5.5 South and Central America Tungsten Carbide Powder Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Tungsten Carbide Powder Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tungsten Carbide Powder Market
10.5.6.1.1 Brazil Tungsten Carbide Powder Market by Grade
10.5.6.1.2 Brazil Tungsten Carbide Powder Market by Application
10.5.6.1.3 Brazil Tungsten Carbide Powder Market by End-Use Industry
10.5.6.2 Argentina Tungsten Carbide Powder Market
10.5.6.2.1 Argentina Tungsten Carbide Powder Market by Grade
10.5.6.2.2 Argentina Tungsten Carbide Powder Market by Application
10.5.6.2.3 Argentina Tungsten Carbide Powder Market by End-Use Industry
10.5.6.3 Rest of South and Central America Tungsten Carbide Powder Market
10.5.6.3.1 Rest of South and Central America Tungsten Carbide Powder Market by Grade
10.5.6.3.2 Rest of South and Central America Tungsten Carbide Powder Market by Application
10.5.6.3.3 Rest of South and Central America Tungsten Carbide Powder Market by End-Use Industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. TUNGSTEN CARBIDE POWDER MARKET, KEY COMPANY PROFILES
12.1. SANDVIK AB
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. KENNAMETAL INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CERATIZIT S.A.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. EXTRAMET
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. FEDERAL CARBIDE COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. GUANGDONG XIANGLU TUNGSTEN CO., LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NANCHANG CEMENTED CARBIDE CO., LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. JIANGXI YAOSHENG TUNGSTEN CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. JAPAN NEW METAL CO., LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. EUROTUNGSTENE
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Sandvik AB
2. Kennametal Inc.
3. Ceratizit S.A.
4. Extramet
5. Federal Carbide Company
6. Guangdong Xianglu Tungsten Co., Ltd.
7. Nanchang Cemented Carbide Co., Ltd.
8. Jiangxi Yaosheng Tungsten Co., Ltd.
9. Japan New Metal Co., Ltd.
10. Eurotungstene
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For