Market Overview:
The global tungsten carbide coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tungsten carbide coatings from various end-use industries, such as oil industry, aerospace, metallurgy and others. Tungsten carbide/ cobalt is the most commonly used type of coating in the global market and is expected to hold a major share during the forecast period. However, tungsten carbide/ nickel-chrome coatings are projected to grow at a higher CAGR than other types of coatings during the forecast period owing to its superior properties such as high hardness and wear resistance.
Product Definition:
A tungsten carbide coating is a type of coating that is applied to a surface. The purpose of this type of coating is to improve the surface properties of the object that it is applied to. Tungsten carbide coatings are often used in industrial applications, where they can provide wear resistance and corrosion protection.
Tungsten Carbide/ Cobalt:
Tungsten carbide/ cobalt is a material, which has high melting point and density. It is used in various applications such as electrodes for welding machines, arc furnace filtration equipment, incandescent lamps filtration equipment and heat exchangers. Tungsten carbide/ cobalt coatings are applied on various metal surfaces to improve resistance to wear & tear corrosion or reduce friction.
Tungsten Carbide/ Nickel- Chrome:
Tungsten carbide/ nickel- chrome and its usage in tungsten carbide coatings market are expected to witness significant growth over the forecast period. Tungsten carbide is a material with high density, hardness, and temperature. It has applications in various industries such as aerospace & defense, automotive industry, energy industry among others.
Application Insights:
The oil industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Tungsten carbide coatings are used in various applications including well cements, cementing slurry, drilling fluid additives and casing material. The high wear resistance of the product increases its utilization rate as compared to that of steel.
Tungsten carbide has gained popularity as an alternative to titanium for use in hip implants owing to its higher strength-to-weight ratio which makes it ideal for use in replacement parts of joints or artificial hips. In addition, tungsten carbide coating is increasingly being utilized for metalurgical applications owing to its excellent hardness and wear resistance properties which make them suitable for grinding wheels & cutting tools used by metallurgists across the globe.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to high product demand from various end-use industries, including metallurgy, oil & gas, automotive, aerospace and others.
The growing manufacturing sector across emerging economies of Asia Pacific coupled with increasing foreign investments is anticipated to drive industry growth over the forecast period. In addition, favorable government policies promoting domestic production are likely to boost product demand from key end-use sectors such as energy and power; construction; transportation; food processing & packaging; healthcare etc., thereby supporting regional market development.
North America emerged as the second fastest-growing regional market with a CAGR of XX%. The presence of major aircraft manufacturers along with significant oilfield equipment manufacturing activity in U.S.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of tungsten carbide coatings in medical implants and tools
- Rising investments in research and development for tungsten carbide coatings technology
- Increasing use of tungsten carbide coatings in renewable energy applications
- Growing demand for high-performance coating solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Carbide Coatings Market Research Report
By Type
Tungsten Carbide/ Cobalt, Tungsten Carbide/ Nickel- Chrome, Tungsten Carbide/ Cobalt/ Chromium
By Application
Oil Industry, Aerospace, Metallurgy, Others
By Companies
BryCoat, National Alloy Solutions LLC., Saint-Gobain, Industrial Plating Company, Alphatek, HTS Coatings, TST Coatings, Hayden Corp, Oerlikon Metco, ASB Industries, Flame Spray Coating Company, Praxair ST Technology, Buffalo Tungsten Inc.
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Carbide Coatings Market Report Segments:
The global Tungsten Carbide Coatings market is segmented on the basis of:
Types
Tungsten Carbide/ Cobalt, Tungsten Carbide/ Nickel- Chrome, Tungsten Carbide/ Cobalt/ Chromium
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
Oil Industry, Aerospace, Metallurgy, 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:
- BryCoat
- National Alloy Solutions LLC.
- Saint-Gobain
- Industrial Plating Company
- Alphatek
- HTS Coatings
- TST Coatings
- Hayden Corp
- Oerlikon Metco
- ASB Industries
- Flame Spray Coating Company
- Praxair ST Technology
- Buffalo Tungsten Inc.
Highlights of The Tungsten Carbide Coatings 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/ Cobalt
- Tungsten Carbide/ Nickel- Chrome
- Tungsten Carbide/ Cobalt/ Chromium
- By Application:
- Oil Industry
- Aerospace
- Metallurgy
- 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 Tungsten Carbide Coatings 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?
Tungsten carbide coatings are a type of protective coating that is applied to metal surfaces to increase their resistance to wear and tear. Tungsten carbide coatings are also known as WCB (wrought carbon black) or WC (wrought chromium) coatings.
Some of the key players operating in the tungsten carbide coatings market are BryCoat, National Alloy Solutions LLC., Saint-Gobain, Industrial Plating Company, Alphatek, HTS Coatings, TST Coatings, Hayden Corp, Oerlikon Metco, ASB Industries, Flame Spray Coating Company, Praxair ST Technology, Buffalo Tungsten Inc..
The tungsten carbide coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tungsten Carbide Coatings 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 Tungsten Carbide Coatings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tungsten Carbide Coatings 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 Tungsten Carbide Coatings 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 Tungsten Carbide Coatings Market Size & Forecast, 2020-2028 4.5.1 Tungsten Carbide Coatings Market Size and Y-o-Y Growth 4.5.2 Tungsten Carbide Coatings Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Tungsten Carbide/ Cobalt
5.2.2 Tungsten Carbide/ Nickel- Chrome
5.2.3 Tungsten Carbide/ Cobalt/ Chromium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Aerospace
6.2.3 Metallurgy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tungsten Carbide Coatings 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 Tungsten Carbide Coatings 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Tungsten Carbide/ Cobalt
9.6.2 Tungsten Carbide/ Nickel- Chrome
9.6.3 Tungsten Carbide/ Cobalt/ Chromium
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 Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Aerospace
9.10.3 Metallurgy
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Tungsten Carbide/ Cobalt
10.6.2 Tungsten Carbide/ Nickel- Chrome
10.6.3 Tungsten Carbide/ Cobalt/ Chromium
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 Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Aerospace
10.10.3 Metallurgy
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Tungsten Carbide/ Cobalt
11.6.2 Tungsten Carbide/ Nickel- Chrome
11.6.3 Tungsten Carbide/ Cobalt/ Chromium
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 Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Aerospace
11.10.3 Metallurgy
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Tungsten Carbide/ Cobalt
12.6.2 Tungsten Carbide/ Nickel- Chrome
12.6.3 Tungsten Carbide/ Cobalt/ Chromium
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 Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Aerospace
12.10.3 Metallurgy
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Tungsten Carbide/ Cobalt
13.6.2 Tungsten Carbide/ Nickel- Chrome
13.6.3 Tungsten Carbide/ Cobalt/ Chromium
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) Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Aerospace
13.10.3 Metallurgy
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 Tungsten Carbide Coatings Market: Competitive Dashboard
14.2 Global Tungsten Carbide Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BryCoat
14.3.2 National Alloy Solutions LLC.
14.3.3 Saint-Gobain
14.3.4 Industrial Plating Company
14.3.5 Alphatek
14.3.6 HTS Coatings
14.3.7 TST Coatings
14.3.8 Hayden Corp
14.3.9 Oerlikon Metco
14.3.10 ASB Industries
14.3.11 Flame Spray Coating Company
14.3.12 Praxair ST Technology
14.3.13 Buffalo Tungsten Inc.