The global cemented carbide market has shown a steady growth trend in recent years. According to the cemented carbide market research report released by Burgess Consulting, the global cemented carbide market will reach a certain scale in 2022, and it is predicted that the global cemented carbide market will reach a larger scale by 2028, with a certain compound annual growth rate. Growth rate increases.
The cemented carbide market can be segmented by type and end application. In terms of types, titanium carbide (TiC), tungsten carbide (WC) and tantalum carbide (TaC) are the main cemented carbide types. Among them, the market capacity of titanium carbide and tungsten carbide will reach considerable scale in 2022, and It is expected to grow at a certain rate by 2028. In terms of terminal applications, among die, cutting tools, machine tools and parts and other application fields, the die market is the largest application market. The market size in 2022 has reached a considerable scale. It is expected that during the forecast period of 2023-2028, machine tools and The parts market will develop at the fastest growth rate and occupy a certain market share in 2028.
In terms of market competition, the major manufacturers in the global cemented carbide market are mainly located in Northern Europe, the United States, Israel, and Japan, with the largest production volume in China. In 2022, the global cemented carbide market CR3 and CR5 will have a certain value and a certain value respectively. From the perspective of regional markets, the region is the world’s largest cemented carbide consumer market, accounting for a considerable proportion of the global market share in 2022. China’s cemented carbide market capacity is also growing, accounting for a considerable proportion of the total global cemented carbide market share.
In general, the global cemented carbide market shows a steady growth trend. In the future, the market is predicted to grow at a compound annual growth rate. The market demand for different types of cemented carbide and different terminal application fields will also continue to grow. In terms of market competition, although there are some well-known manufacturers, the market concentration is relatively high and we may face more intense market competition in the future.
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