Middle East & Africa Tungsten Carbide Powder Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$138.4

Forecast, 2030 (US$M)

$149.4

CAGR, 2024 - 2030

1.1%

Report Coverage

Middle East & Africa

Middle East & Africa tungsten carbide powder market, 2018-2030 (US$M)

Related Markets

Global Tungsten Carbide Powder Industry Outlook

North America Tungsten Carbide Powder Market Outlook

Europe Tungsten Carbide Powder Market Outlook

Asia Pacific Tungsten Carbide Powder Market Outlook

Latin America Tungsten Carbide Powder Market Outlook

MEA tungsten carbide powder market highlights

The MEA tungsten carbide powder market generated a revenue of USD 138.4 million in 2023.
The market is expected to grow at a CAGR of 1.1% from 2024 to 2030.
In terms of segment, mining tools was the largest revenue generating application in 2023.
Mining Tools is the most lucrative application segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2023	USD 138.4 million
Market revenue in 2030	USD 149.4 million
Growth rate	1.1% (CAGR from 2023 to 2030)
Largest segment	Mining tools
Fastest growing segment	Mining Tools
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Mining Tools
Key market players worldwide	Ceratizit, China Tungsten and Hightech Materials, Chongyi Zhangyuan Tungsten, Extramet, Federal Carbide Company, Guangdong Xianglu Tungsten, H.C. Starck, JAPAN NEW METALS, Kennametal, Merck KGaA, Reade, Sandvik AB, Umicore SA ADR

Other key industry trends

In terms of revenue, MEA region accounted for 0.8% of the global tungsten carbide powder market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
North America is the fastest growing regional market and is projected to reach USD 10,427.8 million by 2030.

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Tungsten Carbide Powder Market Scope

Tungsten carbide powder market segmentation & scope

Application

Mining Tools

Cutting Tools

Dies & Punching

Abrasives

Others

End Use

Building & Construction

Oil & Gas

Transportation

Mining

Aerospace & Defense

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Germany

France

Italy

Spain

China

India

Japan

South Korea

Brazil

Argentina

Saudi Arabia

UAE

South Africa

Tungsten Carbide Powder Market Companies

Name	Profile	# Employees	HQ	Website

Middle East & Africa tungsten carbide powder market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to tungsten carbide powder market will help companies and investors design strategic landscapes.

Mining tools was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa tungsten carbide powder market based on mining tools covering the revenue growth of each sub-segment from 2018 to 2030.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa tungsten carbide powder market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa tungsten carbide powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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