Cemented Carbide Mould Market size was valued at USD output current value herein 2024 and is forecasted to grow at a CAGR of output cagr value here% from 2026 to 2033, reaching USD output forecast value here by 2033.
The global Cemented Carbide Mould Market was valued at approximately USD 3.5 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. This market growth is driven by increasing demand from industries such as automotive, aerospace, and electronics, where cemented carbide moulds are integral for their high wear resistance and durability. North America and Europe hold significant shares due to the strong manufacturing base and technological advancements in these regions. The Asia Pacific region is expected to exhibit the highest growth rate, owing to rapid industrialization, especially in countries like China and India, where cemented carbide moulds are used extensively in tool making and heavy machinery manufacturing.
Regionally, North America accounted for 25% of the total market share in 2022, valued at around USD 875 million. Europe, with a market share of 20%, was valued at approximately USD 700 million. Meanwhile, the Asia Pacific region led the market in terms of growth potential and market share, holding about 40% of the total market, with a value of USD 1.4 billion in 2022. This regions market is expected to expand rapidly, driven by increasing demand for high performance materials in automotive and manufacturing sectors. The Middle East and Africa, along with Latin America, present emerging opportunities for growth, albeit at a slower rate compared to other regions, with combined market share under 15% in 2022.
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Tongda
BYD
Janus
FIH Mobile Limited
Dana Holding
Elringklinger
Zircotec
Sumitomo Electric
Dymet Alloys
Element Six
Lineage Alloys
Umicore
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cemented Carbide Mould Market
Automotive
Aerospace
Manufacturing
Electronics
Mining
Tungsten Carbide
Titanium Carbide
Chromium Carbide
Others
Construction
Oil & Gas
Industrial Equipment
Transportation
Defense
Solid Carbide
Cemented Carbide
Hot Pressing
Injection Molding
Sintering
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cemented Carbide Mould Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cemented Carbide Mould Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cemented Carbide Mould Market, By Type
6. Global Cemented Carbide Mould Market, By Application
7. Global Cemented Carbide Mould Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cemented Carbide Mould Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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