Market Size of Tungsten Carbide Powder Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Tungsten Carbide Powder Market Analysis
The market for tungsten carbide powder is expected to grow at a CAGR of about 5% globally during the forecast period. Growing demand for industrial machine tools along with superior properties of tungsten carbide powder are driving the market. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak coupled with higher costs and other restraints are hindering the market growth.
- Tungsten carbide powder market is expected to grow during the forecast period owing to the increasing demand form the mining & construction industry.
- Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as China and India.
