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Chromium Carbide Market Key Insights and Growth Outlook Forecasted for the Period 2018-2026

Press release Description

Albany, New York, July 26, 2018: Swift waves of growth has been observed in industries like mining, construction as well as energy sectors like power, oil and gas. This overwhelming uptake is a result of the swelling demand for fuel sources, metals, requirements from housing & infrastructure across geographies, especially in China & emerging economies of SEA & rest of Asia Pacific. This has translated into surging demands for devices to be used in steel, cement, glass, and the construction industries. The aforementioned factors are set off to embark a remarkable journey for the chromium carbide market. These insights are derived from a new report, titled “Chromium Carbide Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” recently added to the exhaustive repository of Market Research Reports Search Engine (MRRSE).

A proliferating demand is registered for chromium carbide overlay plates and related products which improve the shelf-life and efficiency of equipment, thereby minimizing the maintenance costs and downtime. This implies that the mounting size of these core industry sectors are of paramount importance for growth of chromium carbide market. Few of the evolving applications of overlay products include fan blades, shovel buckets, hopper liners, dozer skins, loader buckets, housing liners, dragline buckets, and spiral conveyors.

Chromium Carbide Market- Mining & Energy Sectors to be the Pre-eminent End Users

In case of the mining industry, chromium carbide is employed in chromium carbide overlay plates which are used in truck beds, dozer blades, shovel buckets, and excavator liners. Moreover, cutting tools and tubular hard-facing electrodes employing chromium carbide are incessantly used in mining of coal, aluminum, minerals, and zinc ore. A rampant growth in mining, construction and various energy sectors is attributed to ever-growing requirements for metals, fuel sources, and housing infrastructure across geographies. A major chunk of the aforementioned demand has been recorded from emerging regions such as China and the SEA and the rest of APAC countries.

Chromium Carbide Market- Research Methodology Incorporated

The report is assembled by validating data via interaction with industry experts with over years of experience in the relevant field. Additionally, other focal points of the report are collected from an existing pool of information, paid databases and other valid information resources available publicly. The interactions with industry experts range from a few to multiple interviews for adding significant value to the report.

Post the primary research, the secondary research incorporates data validation from sources such as survey reports, company annual reports, association publications, industry presentations, resourceful websites, white papers, and press releases. Data analysis and projections were formulated on the basis of proprietary research frameworks & statistical analysis, further validated by a panel of industry experts. Those frameworks comprise of Y-o-Y growth projections, in-depth analysis of market attractiveness, key financial ratios, and many other aspects. The data points in the report have been validated by taking into account both the macro and micro economic factors. Some of the key players listed in the report are OC Oerlikon Corporation AG, Pfäffikon, H.C. Starck GmbH, Praxair S.T. Technology, Inc., Alfa Aesar, Strem Chemicals, Inc., Changsha Langfeng Metallic Material Co., Ltd., and NewMet Ltd., among others.

Browse Full Global Chromium Carbide Market Report with TOC :

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