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Tungsten Metal Powder Market: Dynamics
The market demand for tungsten metal powder is driven by hard metals such as Tungsten Carbide, which can be used to manufacture automobile parts- mainly engines for automotive industry. Wear resistance, high rigidity and mechanical strength make tungsten carbide an ideal product to be used in mining and construction industry. Tungsten-based wear parts and cutting tools are used for tooling in all areas of industrial engineering (due to its properties such as strength and wear resistance). Heavy metal is used for balancing and counter weights in airplanes or helicopters in aviation industries. The lightweight airplane construction uses carbon-fibre-composite materials, which require advanced tungsten tools to be machinedin order to make it ideal for application in aviation as well as aerospace industries, and these factors are expected to drive the global market for tungsten metal powder over the forecast period.
The relatively high initial investments and high R &D cost are the key restraints for the market growth of tungsten metal powder. Whereas, developments in automobile manufacturing, semiconductor, aviation and aerospace industries and so on, can be considered as the opportunities in global tungsten metal powder market. Also, growing concern about environment and energy conservation bolsters the tungsten metal powder market growth.
Shrinking semiconductor device sizes, smaller and sophisticated machines and machine tools, increasing demand for tools with high rigidity and high mechanical strength to increase the mining production etc. are observed as the trends prevailing in the tungsten metal powder market.
Tungsten Metal Powder Market: Region-wise Outlook
China, followed by Europe, is considered to be a major consumer of tungsten metal powder. Whereas, the U.S. also accounts for a significant proportion of global consumption of Tungsten metal powder. Moreover, high demand from the end-user industries such as semiconductor, electronics and automotive are likely to fuel the tungsten metal powder market growth in Asia Pacific and European regions. Also, the U.S .and Japan are expected to project significant growth during the forecast period, owing to the growing aerospace and electronics industries in the respective regions.
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Tungsten Metal Powder Market: Participants
Examples of some of the market participants identified across the value chain of the global tungsten metal powder market include:
- H.C. Starck GmbH
- Global Tungsten & Powders Corp
- TaeguTec LTD.
- American Elements
- Strem Chemicals
- US Research Nanomaterials, Inc.
- Graphene Laboratories Inc
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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Out of the many ways by which the global tungsten metal powder market can be segmented is on the basis of its application and region.
Segmentation of tungsten metal powder market on the basis of application can be as the follows;
- Automotive
- Mining
- Aerospace and Aviation
- Power
- Pharmaceuticals
- Semiconductors
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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