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Global Tungsten Carbide Powder Market worth 24.90 Billion USD by 2026 – Exclusive Report By MarketsandMarkets

The report "Tungsten Carbide Powder Market by Grade (Rotary Drilling & Mining, Metal Forming & Wear), Application (Machine Tools & Components, Cutting Tools), End-Use Industry (Mining & Construction, Industrial Engineering), and Region - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to grow from USD 14.78 Billion in 2016 to USD 24.90 Billion by 2026, at a CAGR of 5.4% between 2016 and 2026.

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Key players operational in the market include Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet (Switzerland), Federal Carbide Company (U.S.), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), Japan New Metal Co., Ltd. (Japan), China Tungsten Online (Xiamen) Manu. & Sales Corp. (China), and Eurotungstene (France).

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The rotary drilling & mining grade segment accounted for the largest share of the global tungsten carbide powder market in 2016; this segment is projected to grow at the highest CAGR between 2016 and 2026. Increasing investments made towards the discovery of oil & gas resources is anticipated to drive the growth of the rotary drilling & mining grade segment.

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Browse 110 market data tables and 70 figures spread through 165 pages and in-depth TOC on “Tungsten Carbide Powder Market by Grade (Rotary Drilling & Mining, Metal Forming & Wear), Application (Machine Tools & Components, Cutting Tools), End-Use Industry (Mining & Construction, Industrial Engineering), and Region - Global Forecast to 2026” https://www.marketsandmarkets.com/Market-Reports/tungsten-carbide-powder-market-232394795.html

The machine tools & components application segment of the global tungsten carbide powder market is projected to grow at the highest CAGR from 2016 to 2026. The increasing demand for machine tools & components from the mining & construction industry and the expansion of the industrial engineering and transportation sectors are factors anticipated to boost the growth of this segment.

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