The next big trends in Carbide Tools Market 2026 (Size, Share and Strategies)

The market for carbide tools recorded a market value of US$ 5,723.49 million, estimated to grow with a CAGR of 6.75% over the forecast period from 2018 to 2026.

SANJOSE, United States – March 18, 2019 /MarketersMedia/ —

According to a new market research report published by Credence Research “Carbide Tools Market (by Carbide Type: Calcium Carbide, Silicon Carbide, Tungsten Carbide, Aluminum Carbide, Iron Carbide, and Titanium Carbide; by Carbide Grade: Cast-iron Grade Carbide and Steel Grade Carbide; by Application: Turning, Milling, Drilling and Other (Engraving, Threading, Grooving, etc.) – Growth, Future Prospects, and Competitive Landscape, 2018-2026,” the market for carbide tools recorded a market value of US$ 5,723.49 million, estimated to grow with a CAGR of 6.75% over the forecast period from 2018 to 2026.

The complete report is available at https://www.credenceresearch.com/report/carbide-tools-market

Cutting tools have always played a vital role in the industrial manufacturing and processing sector as the selection of the right cutting tool regulates the quality of the final output. The global production of machine tool market reached a market value of approximately US$ 81 billion in 2017 and expected to grow even further in the coming years. With steadily increasing demand for enhanced cutting tools, tool manufacturers have engaged in reinventing new range of tools to meet the high expectations of modern machining industry. Carbide has emerged from the past few decades as a powerful tool in the machining industry. Carbide tool has excellent strength and toughness which allows the tool to machine metals with precision with longer service life. Consequently, carbide tools are extensively preferred over its alternatives such as high-speed steel (HSS) and thus encouraging the market growth in coming years.

Carbide tools are classified into six different types based on binder material, including Calcium Carbide, Silicon Carbide, Tungsten Carbide, Aluminum Carbide, Iron Carbide, and Titanium Carbide. All the carbide tools mentioned above are used extensively for different applications depending on the material to be machines. In addition, carbide tools are further classified as cast-iron grade carbide and steel grade carbide according to grades. As the name suggests, cast-iron grade carbides are used to cast iron material and steel grade machines to machine different steel compositions. Carbide tools are used across several machining application including turning and other lathe operations, milling, drilling & boring and several other machining methods. Versatility, cost-effectiveness, and reliability are the prime features allowed the carbide tools to become irreplaceable and hence the market for carbide tool expected to register serious growth in years to come.

Competitive Insights:

The research analysis covers exhaustive analysis of leading shipping containers vendors including Mitsubishi Materials Corporation, SGS Tool Company Pvt. Ltd., Advent Tool & Manufacturing, Inc., Best Carbide Cutting Tools, Inc., Ingersoll Cutting Tool Company, Garr Tool Company, Vora Industries, Rock River Tool, Inc., Carbide Tools Manufacturing, Inc., PROMAX Tools, Global Excel Tools Manufacturing Sdn and vhf camfacture AG. Carbide tool manufacturers are well versed with the changing machining industry and hence dedicated themselves to develop new class of carbide tools. Manufacturing of high standard carbide inserts especially for CNC machine tool for precession machining is the key for manufacturers in order to develop their brand value. The aforementioned companies have to face fierce competition amongst each other and other local players to stay forth in market. With exponential growth in manufacturing industry, carbide tool market holds tremendous potential for the leading as well as local manufacturers to claim their share of market.

The complete report is available at https://www.credenceresearch.com/report/carbide-tools-market

ToC:
1. Preface

2. Executive Summary

3. Global Carbide Tools Market Analysis

4. Global Carbide Tools Market Value, by Carbide Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.1.1. Global Carbide Tools Market Value Share, by Carbide Type, 2017 & 2026 (Value %)
4.1.2. Global Carbide Tools Market Value, by Carbide Type, 2016 – 2026 (US$ Mn)
4.2. Calcium Carbide
4.2.1. Global Calcium Carbide Tools Market, 2016 – 2026 (US$ Mn)
4.3. Silicon Carbide
4.3.1. Global Silicon Carbide Tools Market, 2016 – 2026 (US$ Mn)
4.4. Tungsten Carbide
4.4.1. Global Tungsten Carbide Tools Market, 2016 – 2026 (US$ Mn)
4.5. Aluminum Carbide
4.5.1. Global Aluminum Carbide Tools Market, 2016 – 2026 (US$ Mn)
4.6. Iron Carbide
4.6.1. Global Iron Carbide Tools Market, 2016 – 2026 (US$ Mn)
4.7. Titanium Carbide
4.7.1. Global Titanium Carbide Tools Market, 2016 – 2026 (US$ Mn)

5. Global Carbide Tools Market Value, by Carbide Grade, 2016 – 2026 (US$ Mn)
5.1. Overview
5.1.1. Global Carbide Tools Market Value Share, by Carbide Grade, 2017 & 2026 (Value %)
5.1.2. Global Carbide Tools Market Value, by Carbide Grade, 2016 – 2026 (US$ Mn)
5.2. Cast-iron Grade Carbide
5.2.1. Global Cast-iron Grade Carbide Tools Market, 2016 – 2026 (US$ Mn)
5.3. Steel Grade Carbide
5.3.1. Global Steel Grade Carbide Tools Market, 2016 – 2026 (US$ Mn)

6. Global Carbide Tools Market Value, by Application, 2016 – 2026 (US$ Mn)
6.1. Overview
6.1.1. Global Carbide Tools Market Value Share, by Application, 2017 & 2026 (Value %)
6.1.2. Global Carbide Tools Market Value, by Application, 2016 – 2026 (US$ Mn)
6.2. Turning
6.2.1. Global Carbide Tools Market for Turning Application, 2016 – 2026 (US$ Mn)
6.3. Milling
6.3.1. Global Carbide Tools Market for Milling Application, 2016 – 2026 (US$ Mn)
6.4. Drilling
6.4.1. Global Carbide Tools Market for Drilling Application, 2016 – 2026 (US$ Mn)
6.5. Other
6.5.1. Global Carbide Tools Market for Other Application, 2016 – 2026 (US$ Mn)
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11. Company Profiles
11.1. Mitsubishi Materials Corporation
11.2. SGS Tool Company Pvt. Ltd.
11.3. Advent Tool & Manufacturing, Inc.
11.4. Best Carbide Cutting Tools, Inc.
11.5. Ingersoll Cutting Tool Company
11.6. Garr Tool Company
11.7. Vora Industries
11.8. Rock River Tool, Inc.
11.9. Carbide Tools Manufacturing, Inc.
11.10. PROMAX Tools
11.11. Global Excel Tools Manufacturing Sdn
11.12. vhf camfacture AG
…………………………..toc continued

The complete report is available at https://www.credenceresearch.com/report/carbide-tools-market

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Release ID: 493144