Blogforpr

  Tungsten carbide are used in various end use industries such as mining and construction, automobile, electronics, and defense among others. The growing demand from the developing region throughout the globe are the major factors driving the global market of tungsten carbide. The growing government investments in the infrastructural development coupled with the augmenting demand from the automobile sector are other factors contributing to the growth of the market. Among the various end-use industry mining and construction is the dominant segment and expected to show the same trend during the forecast years. The properties such as high tensile strength, corrosion and impact resistance, has increased the demand for tungsten carbide in the mining and construction industry. Market Segmentation The global Tungsten Carbide Market is segmented into grade type and end use industry. On the basis of grade the market is segmented into general purpose grade, metal foaming and wear grades, su