Market Overview:
The global cemented carbide recycling market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cemented carbide products in various applications, such as cutting tools, mining tools, wear resistant appliances, and others. In addition, the growing awareness about environmental concerns is also propelling the demand for recycled cemented carbide products over virgin ones. Based on type, the global market for recycled cemented carbide is segmented into tungsten carbide (WC), titanium carbide (TiC), and tantalumcarbide (TaC). Of these segments, tungstencarbides are expected to account for a major share of the overall market duringthe forecast period owingto its high hardness and resistance tomachining operations.
Product Definition:
Cemented carbide recycling is the process of reclaiming and reprocessing cemented carbide scrap to produce new products. The importance of cemented carbide recycling lies in the fact that it helps conserve natural resources while also reducing manufacturing costs.
Tungsten Carbide(WC):
Tungsten carbide is a mineral, belonging to the family of rocks known as the tungsten group. It has chemical formula (WO 3) 2-3xH and occurs in nature as a rare mineral, with only one known occurrence in Australia. Tungsten carbide is also called as wulfenite after its discovery location; Wulfenite Hill, California, U.S., where it was first found in 1803.
Titanium Carbide(TiC):
Titanium carbide is a chemical compound of titanium and carbon. It has properties similar to that of diamond, graphite, and charcoal. The material is produced in the laboratory by high pressure (12000 psi) carbonation of liquid hydrocarbons such as ethane, propane, and butanes. Commercially it is available as a colorless solid with an odor like petroleum gas or paint thinner; however its toxic nature prevents its use in residential areas or schools etc.
Application Insights:
The application segment includes cutting tools, mining tools, wear resistant appliances and others. The cutting tool segment dominated the global cemented carbide recycling market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for high-performance steel from various industries including construction and automotive. Furthermore, rising use of these products in drilling equipment as an alternative to brittle raw materials such as diamond drill bits is expected to drive their demand further.
Global cemented carbide recycled into cutting tools accounted for a volume share of 33% by 2030 owing to its ability provide higher hardness than conventional steel alloys while maintaining good machinability characteristics similar to those exhibited by titanium alloy cutters.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of construction activities. This, in turn, is anticipated to drive product demand over the forecast period.
The growth of end-use industries such as automotive and manufacturing coupled with rising per capita income levels across emerging economies including China and India are projected to be key factors driving regional market growth. Furthermore, massive investments undertaken by governments for infrastructural development are likely to boost demand for cement products leading to a rise in tungsten carbide production over the coming years.
Growth Factors:
- Increasing demand for cemented carbide products in various industries
- Growing awareness about the benefits of recycling cemented carbide products
- Rising prices of raw materials used in the manufacturing of cemented carbide products
- Stringent environmental regulations governing the disposal of waste materials
- Technological advancements that make recycling more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Cemented Carbide Recycling Market Research Report
By Type
Tungsten Carbide(WC), Titanium Carbide(TiC), Tantalum Carbide(TaC)
By Application
Cutting Tools, Mining Tools, Wear Resistant Appliances, Others
By Companies
Sandvik, Carbide Recycling, Kohsei, Mitsubishi Materials, Sumitomo Electric Industries, Hyperion Materials & Technologies, MSC Industrial Supply, Cronimet Specialty Metals, Globe Metal, SECO Tools AB, Kennametal, A.L.M.T. Corp., GEM, Toyota
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Cemented Carbide Recycling Market Report Segments:
The global Cemented Carbide Recycling market is segmented on the basis of:
Types
Tungsten Carbide(WC), Titanium Carbide(TiC), Tantalum Carbide(TaC)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cutting Tools, Mining Tools, Wear Resistant Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sandvik
- Carbide Recycling
- Kohsei
- Mitsubishi Materials
- Sumitomo Electric Industries
- Hyperion Materials & Technologies
- MSC Industrial Supply
- Cronimet Specialty Metals
- Globe Metal
- SECO Tools AB
- Kennametal
- A.L.M.T. Corp.
- GEM
- Toyota
Highlights of The Cemented Carbide Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tungsten Carbide(WC)
- Titanium Carbide(TiC)
- Tantalum Carbide(TaC)
- By Application:
- Cutting Tools
- Mining Tools
- Wear Resistant Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cemented Carbide Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cemented carbide recycling is a process that converts cemented carbide into new, high-quality products. The recycled material is used in new products such as cutting tools and other industrial applications.
Some of the major players in the cemented carbide recycling market are Sandvik, Carbide Recycling, Kohsei, Mitsubishi Materials, Sumitomo Electric Industries, Hyperion Materials & Technologies, MSC Industrial Supply, Cronimet Specialty Metals, Globe Metal, SECO Tools AB, Kennametal, A.L.M.T. Corp., GEM, Toyota.
The cemented carbide recycling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cemented Carbide Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cemented Carbide Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cemented Carbide Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cemented Carbide Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cemented Carbide Recycling Market Size & Forecast, 2018-2028
4.5.1 Cemented Carbide Recycling Market Size and Y-o-Y Growth
4.5.2 Cemented Carbide Recycling Market Absolute $ Opportunity
Chapter 5 Global Cemented Carbide Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cemented Carbide Recycling Market Size Forecast by Type
5.2.1 Tungsten Carbide(WC)
5.2.2 Titanium Carbide(TiC)
5.2.3 Tantalum Carbide(TaC)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cemented Carbide Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cemented Carbide Recycling Market Size Forecast by Applications
6.2.1 Cutting Tools
6.2.2 Mining Tools
6.2.3 Wear Resistant Appliances
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cemented Carbide Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cemented Carbide Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cemented Carbide Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Cemented Carbide Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cemented Carbide Recycling Market Size Forecast by Type
9.6.1 Tungsten Carbide(WC)
9.6.2 Titanium Carbide(TiC)
9.6.3 Tantalum Carbide(TaC)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cemented Carbide Recycling Market Size Forecast by Applications
9.10.1 Cutting Tools
9.10.2 Mining Tools
9.10.3 Wear Resistant Appliances
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cemented Carbide Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Cemented Carbide Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cemented Carbide Recycling Market Size Forecast by Type
10.6.1 Tungsten Carbide(WC)
10.6.2 Titanium Carbide(TiC)
10.6.3 Tantalum Carbide(TaC)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cemented Carbide Recycling Market Size Forecast by Applications
10.10.1 Cutting Tools
10.10.2 Mining Tools
10.10.3 Wear Resistant Appliances
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cemented Carbide Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cemented Carbide Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cemented Carbide Recycling Market Size Forecast by Type
11.6.1 Tungsten Carbide(WC)
11.6.2 Titanium Carbide(TiC)
11.6.3 Tantalum Carbide(TaC)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cemented Carbide Recycling Market Size Forecast by Applications
11.10.1 Cutting Tools
11.10.2 Mining Tools
11.10.3 Wear Resistant Appliances
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cemented Carbide Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Cemented Carbide Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cemented Carbide Recycling Market Size Forecast by Type
12.6.1 Tungsten Carbide(WC)
12.6.2 Titanium Carbide(TiC)
12.6.3 Tantalum Carbide(TaC)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cemented Carbide Recycling Market Size Forecast by Applications
12.10.1 Cutting Tools
12.10.2 Mining Tools
12.10.3 Wear Resistant Appliances
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cemented Carbide Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cemented Carbide Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cemented Carbide Recycling Market Size Forecast by Type
13.6.1 Tungsten Carbide(WC)
13.6.2 Titanium Carbide(TiC)
13.6.3 Tantalum Carbide(TaC)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cemented Carbide Recycling Market Size Forecast by Applications
13.10.1 Cutting Tools
13.10.2 Mining Tools
13.10.3 Wear Resistant Appliances
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cemented Carbide Recycling Market: Competitive Dashboard
14.2 Global Cemented Carbide Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik
14.3.2 Carbide Recycling
14.3.3 Kohsei
14.3.4 Mitsubishi Materials
14.3.5 Sumitomo Electric Industries
14.3.6 Hyperion Materials & Technologies
14.3.7 MSC Industrial Supply
14.3.8 Cronimet Specialty Metals
14.3.9 Globe Metal
14.3.10 SECO Tools AB
14.3.11 Kennametal
14.3.12 A.L.M.T. Corp.
14.3.13 GEM
14.3.14 Toyota
