Global Carbide Blank market cagr 9.6%

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Carbide Blank Market

Carbide Blank Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Carbide Blank Market Size and Growth

The Carbide Blank market is experiencing steady growth, driven by increasing demand across industries such as manufacturing and automotive. The global market size is estimated to reach approximately $3 billion by 2025, reflecting a CAGR of around 5%. Key factors include technological advancements and rising precision machining requirements. Request Sample Report

Companies Covered (Covid 19 Impact Covered)

◍ SUMITOMO ELECTRIC

◍ GuangDong XiangLu Tungsten

◍ Zhuzhou Jinggong Cemented Carbide Co.,Ltd.

◍ MITSUBISHI MATERIALS

◍ China Minmetals Corporation

◍ Kennametal

◍ JIANGXI YAOSHENG

◍ ZW

◍ Xiamen Tungsten

◍ JXTC

◍ DMEGC

◍ GTP

The carbide blank market is competitive, with companies like SUMITOMO ELECTRIC, GuangDong XiangLu Tungsten, and others providing high-quality products for cutting tools and machinery. Their innovations and extensive distribution enhance market growth. Sales revenue figures include:

- Kennametal: $1.9 billion

- Mitsubishi Materials: $9.3 billion

- Xiamen Tungsten: $1.2 billion. Request Sample Report

Market Segmentation

By Application

Manufacturing

Mining

Oil and Gas

Others

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By Product

Coarse Grain WC

Market Growth

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$ X Billion USD

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