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Tungsten Carbide Market Size, Share, Analysis Report, 2026

The industry led the end user industry owing to its extensive use. While, based on application (cemented carbide, industrial alloys, mill products, jewellery, surgical tools, others (tipping trekking, ski poles). Among the application sub-segments, cemented carbide application led the tungsten carbide market in 2018 holding a market share of 61% owing to the growing demand for metal cutting tools in machinery. Use of tungsten carbide in jewellery application is expected to register the fastest growth owing to the property of resistance to scratching and hardness of material.

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Tungsten Carbide Market Size, Share, Analysis Report, 2026

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  1. 2016 – 2026 GLOBAL TUNGSTEN CARBIDE MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Scope of Report Product of Interest (POI): Tungsten Carbide The global tungsten carbide market is projected to grow at a robust CAGR during the forecast period. The market is mainly driven by growing demand for tungsten carbide in various end use industries such as automotive, aerospace & defense, mining, among others. Notably, tungsten carbide is one of the metal carbides, which is produced by the reaction of tungsten hexachloride with methanol or methane. On account of tungsten carbide’s high resistivity to abrasion, it is extensively used in the manufacturing industries for cutting tools. Market Segmentation END-USE INDUSTRY REGION TUNGSTEN CARBIDE MARKET TUNGSTEN CARBIDE MARKET Year Range Automotive Industry • North America • Aerospace and Defense • Europe • Industry Asia-Pacific Review Period • Mining and Construction • South America • 2016 – 2019 Industry Middle East & Africa • Oil & Gas Industry • Base Year Electronic Industry • APPLICATION 2020 Others Cemented carbide • Estimated Year Industrial alloys • Mill products • 2021 Jewelry • Forecast Period Surgical tools • Others • 2022 – 2026 2

  3. Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of Covid 19 On Global Tungsten Carbide Market 4.1. Raw Material Availability 4.2. Product Demand 4.3. Realisation 5. Global Tungsten Carbide Market Outlook Market Size & Forecast 5.1. 5.1.1. By Value & Volume 5.2. Market Share & Forecast By End-Use Industry (Automotive Industry, Aerospace and Defense Industry, Mining and Construction Industry, Oil & Gas Industry, Electronic Industry and Others) By Application (Cemented carbide, Industrial alloys, Mill products, Jewelry, Surgical tools, Others (Tipping trekking, Ski poles) 5.2.5. By Company 5.2.1. 5.2.2. 5.2.6. By Region Market Attractiveness Index 5.3. 6. Asia-Pacific Tungsten Carbide Market Outlook Market Size & Forecast 6.1. 6.1.1. By Value & Volume 6.2. Market Share & Forecast 3

  4. Table of Contents S. No. Contents Page No. 6.2.1. By End-Use Industry 6.2.2. By Application 6.2.3. By Country 6.3. Asia-Pacific: Country Analysis 6.3.1. China Tungsten Carbide Market Outlook 6.3.1.1. Market Size & Forecast 6.3.1.1.1. By Value & Volume 6.3.1.2. Market Share & Forecast 6.3.1.2.1. By End-Use Industry 6.3.1.2.2. By Application 6.3.2. India Tungsten Carbide Market Outlook 6.3.2.1. Market Size & Forecast 6.3.2.1.1. By Value & Volume 6.3.2.2. Market Share & Forecast 6.3.2.2.1. By End-Use Industry 6.3.2.2.2. By Application 6.3.3. Japan Tungsten Carbide Market Outlook 6.3.3.1. Market Size & Forecast 6.3.3.1.1. By Value & Volume 6.3.3.2. Market Share & Forecast 6.3.3.2.1. By End-Use Industry 4

  5. Table of Contents S. No. Contents Page No. 6.3.3.2.2. By Application 6.3.4. South Korea Tungsten Carbide Market Outlook 6.3.4.1. Market Size & Forecast 6.3.4.1.1. By Value & Volume 6.3.4.2. Market Share & Forecast 6.3.4.2.1. By End-Use Industry 6.3.4.2.2. By Application 6.3.5. Australia Tungsten Carbide Market Outlook 6.3.5.1. Market Size & Forecast 6.3.5.1.1. By Value & Volume 6.3.5.2. Market Share & Forecast 6.3.5.2.1. By End-Use Industry 6.3.5.2.2. By Application 7. Europe Tungsten Carbide Market Outlook Market Size & Forecast 7.1. 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By End-Use Industry 7.2.2 By Application 7.2.3. By Country 5

  6. Table of Contents S. No. Contents Page No. 7.3. Europe: Country Analysis 7.3.1. France Tungsten Carbide Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value & Volume 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By End-Use Industry 7.3.1.2.2. By Application 7.3.2. Germany Tungsten Carbide Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value & Volume 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By End-Use Industry 7.3.2.2.2. By Application 7.3.3. United Kingdom Tungsten Carbide Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By End-Use Industry 7.3.3.2.2. By Application 7.3.4. Italy Tungsten Carbide Market Outlook 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value & Volume 7.3.4.2. Market Share & Forecast 6

  7. Table of Contents S. No. Contents Page No. 7.4.4.2.1. By End-Use Industry 7.4.4.2.2. By Application 7.3.5. Spain Tungsten Carbide Market Outlook 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value & Volume 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By End-Use Industry 7.3.5.2.2. By Application 8. North America Tungsten Carbide Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By End-Use Industry 8.2.2 By Application 8.2.3. By Country 8.3. North America: Country Analysis 8.3.1. United States Tungsten Carbide Market Outlook 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value & Volume 8.3.2.2. Market Share & Forecast 8.3.1.2.1. By End-Use Industry 8.3.1.2.2. By Application 7

  8. Table of Contents S. No. Contents Page No. 8.3.2. Mexico Tungsten Carbide Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value & Volume 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By End-Use Industry 8.3.2.2.2. By Application 8.3.3. Canada Tungsten Carbide Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By End-Use Industry 8.3.3.2.2. By Application 9. South America Tungsten Carbide Market Outlook Market Size & Forecast 9.1. 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By End-Use Industry 9.2.2 By Application 9.2.3. By Company 9.2.4. By Country 9.3. South America: Country Analysis 9.3.1. Brazil Tungsten Carbide Market Outlook 9.3.1.1. Market Size & Forecast 8

  9. Table of Contents S. No. Contents Page No. 9.3.1.1.1. By Value & Volume 9.3.2.2. Market Share & Forecast 9.3.1.2.1. By End-Use Industry 9.3.1.2.2. By Application 9.4.2. Argentina Tungsten Carbide Market Outlook 9.4.2.1. Market Size & Forecast 9.4.2.1.1. By Value & Volume 9.4.2.2. Market Share & Forecast 9.4.2.2.1. By End-Use Industry 9.4.2.2.2. By Application 9.4.3. Colombia Tungsten Carbide Market Outlook 9.4.3.1. Market Size & Forecast 9.4.3.1.1. By Value & Volume 9.4.3.2. Market Share & Forecast 9.4.3.2.1. By End-Use Industry 9.4.3.2.2. By Application 10. Middle East and Africa Tungsten Carbide Market Outlook Market Size & Forecast 10.1. 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By End-Use Industry 10.2.2 By Application 9

  10. Table of Contents S. No. Contents Page No. 10.2.3. By Country 10.3. MEA: Country Analysis 10.3.1. South Africa Tungsten Carbide Market Outlook Market Size & Forecast 10.3.1.1. 10.3.1.1.1. By Value & Volume Market Share & Forecast 10.3.2.2. 10.3.2.2.1. By End-Use Industry 10.3.2.2.2. By Application 10.3.2. Saudi Arabia Tungsten Carbide Market Outlook Market Size & Forecast 10.3.2.1. 10.3.2.1.1. By Value & Volume Market Share & Forecast 10.3.2.2. 10.3.2.2.1. By End-Use Industry 10.3.2.2.2. By Application 10.3.3. UAE Tungsten Carbide Market Outlook Market Size & Forecast 10.3.3.1. 10.3.3.1.1. By Value & Volume Market Share & Forecast 10.3.3.2. 10.3.3.2.1. By End-Use Industry 10.3.3.2.2. By Application 10

  11. Table of Contents S. No. Contents Page No. 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Price Point Analysis 14. Policy & Regulatory Landscape 15. Competitive Landscape 15.1. Competition Outlook 15.2. Company Profiles (Top 10) 16. Strategic Recommendations 17. About Us & Disclaimer 11

  12. RESEARCH METHODOLOGY RESEARCH METHODOLOGY

  13. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the overall global tungsten carbide market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global tungsten carbide market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 13

  14. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global tungsten carbide market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand for tungsten carbide in the manufacturing industries for cutting tools. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global tungsten carbide market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as tungsten carbide companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 15 – 20 tungsten carbide companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry • experts and other value chain stakeholders in the global tungsten carbide market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018. 14

  15. Research Methodology Respondents were asked about the current and future market growth rates, market shares by end-user industry, by application, by region • and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by end-user industry, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of tungsten carbide markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global • tungsten carbide market , TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 15

  16. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Sandvik AB ▪ World Bank ▪ Kennametal ▪ TechSci Research Proprietary Database & Knowledge ▪ Umicore Repository ▪ Ceratizit SA ▪ Company Annual Reports ▪ Sumitomo Corporation ▪ Industry Magazines ▪ Hitachi Metals, Ltd. ▪ Industry Reports ▪ Mitsubishi Materials Corporation ▪ News Dailies ▪ China Minmetals Corporation ▪ Credible Paid Databases ▪ Xiamen Tungsten Co., Ltd ▪ OECD ▪ American Elements ▪ WHO 16

  17. EXECUTIVE SUMMARY EXECUTIVE SUMMARY

  18. Executive Summary 1. Global Tungsten Carbide Market to Grow at a CAGR of XX% during 2022-2026 Global Tungsten Carbide Market Size, By Value, 2022E & 2026F (USD Million) $XX 2026F Million XX% CAGR Market Growth Drivers $XX 2021E Million XXX YYY XXX Region to Dominate Global Tungsten Carbide Market through 2026 2. XYZ Region Rest of World Regional Growth Drivers: 50% 25% 2021 XXX region dominated the market in 2020 and is anticipated to XXXXXXXX during the next five years. 2020 50% 25% 2026F 2026F Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 18

  19. Executive Summary Company A Dominates Global Tungsten Carbide Market 3. Global Tungsten Carbide Market, By Share, By Company, By Value, 2020 20% Company A Market Leader’s Best Practices Company B 50% 2018 15% Company C XXX YYY Company D 10% Others 5% Application A Holds Largest Share in Global Tungsten Carbide Market 4. Global Tungsten Carbide Market Share, By Application, By Value, 2020 Cemented Carbide 16.00% 20.00% Industrial alloys Application A’s Growth Drivers: Mill products 2018 16.00% 16.00% XXX YYY Jewelry 16.00% 16.00% Surgical tools Others Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 19

  20. GLOBAL TUNGSTEN CARBIDE MARKET GLOBAL TUNGSTEN CARBIDE MARKET OUTLOOK OUTLOOK

  21. Global Tungsten Carbide Market Market Size, By Value & Volume Figure XX: Global Tungsten Carbide Market Size, By Value (USD Million), By Volume (‘000 Tons) 2016–2026F 15.00 14.00 13.00 12.00 110.00 11.00 100.00 10.00 90.00 9.00 80.00 8.00 70.00 7.00 60.00 6.00 50.00 5.00 40.00 30.00 20.00 10.00 CAGR By Value & Volume: XX% CAGR By Value & Volume: YY% 2016 2020 2021E 2024F By Value (USD Million) By Volume (‘000 Tons) Figure XX: Global Metal Carbide Market Size, By Value Global tungsten carbide market is anticipated to grow at YY% during the forecast period owing to the factors: (USD Million), 2016-2026 XXX 2018 ▪ XXX ▪ XXX ▪ XXX XXX 2014 Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 21

  22. Global Tungsten Carbide Market Market Share, By End-Use Industry Figure XX: Global Tungsten Carbide Market Share, By End-Use Industry, By Value, 2016–2026F Automotive Industry Electronic Industry Oil & Gas Industry Mining and Construction Industry Aerospace and Defense Industry Others 16% 16% 16% 16% 16% 20% 2026F 16% 16% 16% 16% 16% 20% 2025F 16% 16% 16% 16% 16% 20% 2024F 16% 16% 16% 16% 16% 20% 2023F 16% 16% 16% 16% 16% 20% 2022F 16% 16% 16% 16% 16% 20% 2021E 16% 16% 16% 16% 16% 20% 2020 16% 16% 16% 16% 16% 20% 2019 16% 16% 16% 16% 16% 20% 2018 16% 16% 16% 16% 16% 20% 2017 16% 16% 16% 16% 16% 20% 2016 XXX end-use industry dominated the market in 2020. However, YYY is anticipated to gain maximum traction during the forecast period on account of: XXX XXX XXX ▪ ▪ ▪ Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 22

  23. Global Tungsten Carbide Market Market Share, By Application Figure XX: Global Tungsten Carbide Market Share, By Application, By Value, 2016–2026F Cemented Carbide 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Industrial alloys 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% Mill products Jewelry 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% Surgical tools Others 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F XXX application dominated the market in 2020. However, YYY is anticipated to gain maximum traction during the forecast period on account of: XXX XXX XXX ▪ ▪ ▪ Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 23

  24. Global Tungsten Carbide Market Market Share, By Company Figure XX: Global Tungsten Carbide Market Share, By Company, By Value, 2020 25% 100% 7% 20% 17% 12% 8% 7% 4% Total Company 1 Company 2 Company 3 Company 4 Company 5 Company 6 Company 7 Others Top 5 companies alone control XXX% global tungsten carbide market with XX+ players accounting for a total market share of XXX% Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 24

  25. Global Tungsten Carbide Market Market Share, By Region Figure XX: Global Tungsten Carbide Market Share, By Region, By Value, 2020 & 2026F North America 20% 2026F 20% 2020 South America 20% 2026F 20% 2020 Middle East & Africa Europe Asia-Pacific 20% 2026F 20% 20% 2026F 2026F 20% 20% 2020 2020 20% 2020 Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 25

  26. Global Tungsten Carbide Market Market Attractiveness Index Figure XX: Market Attractiveness Index based on Market Size (USD Million) & Growth Rate (%) 16.00% Market Size @ USD XXX Mn (High Growth-Low Growing Market Market Size) (High Growth-High Ideal Market Market Size) 12.00% CAGR (2021E-2026F) 8.00% Overall Market Growth @ XX% Region 3 (Low Growth-High 4.00% Market Size) Big Market (Low Growth-Low Region 2 Region 4 Common Market Market Size) Region 1 Region 5 0.00% 0.00 4,000.00 8,000.00 12,000.00 16,000.00 20,000.00 Market Size (USD Million) Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 26

  27. EUROPE TUNGSTEN CARBIDE MARKET EUROPE TUNGSTEN CARBIDE MARKET OUTLOOK OUTLOOK

  28. Europe Tungsten Carbide Market Market Size, By Value & Volume Figure XX: Europe Tungsten Carbide Market Size, By Value (USD Million), By Volume (‘000 Tons) 2016–2026F 15.00 14.00 13.00 12.00 110.00 11.00 100.00 10.00 90.00 9.00 80.00 8.00 70.00 7.00 60.00 6.00 50.00 5.00 40.00 30.00 20.00 10.00 CAGR By Value & Volume: YY% CAGR By Value & Volume: XX% 2016 2020 2021E 2024F By Value (USD Million) By Volume (‘000 Tons) Figure XX: Europe Metal Cutting Tools Market Size, By Europe tungsten carbide market is anticipated to grow at YY% during the forecast period owing to the factors: Value (USD Million), 2016-2020 XXX 2020 ▪ XXX ▪ XXX ▪ XXX XXX 2016 Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 28

  29. Europe Tungsten Carbide Market Market Share, By End-Use Industry Figure XX: Europe Tungsten Carbide Market Share, By End-Use Industry, By Value, 2016–2026F Automotive Industry Electronic Industry Oil & Gas Industry Mining and Construction Industry Aerospace and Defense Industry Others 16% 16% 16% 16% 16% 20% 2026F 16% 16% 16% 16% 16% 20% 2025F 16% 16% 16% 16% 16% 20% 2024F 16% 16% 16% 16% 16% 20% 2023F 16% 16% 16% 16% 16% 20% 2022F 16% 16% 16% 16% 16% 20% 2021E 16% 16% 16% 16% 16% 20% 2020 16% 16% 16% 16% 16% 20% 2019 16% 16% 16% 16% 16% 20% 2018 16% 16% 16% 16% 16% 20% 2017 16% 16% 16% 16% 16% 20% 2016 XXX end-use industry dominated the market in 2020. However, YYY is anticipated to gain maximum traction during the forecast period on account of: XXX XXX XXX ▪ ▪ ▪ Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 29

  30. Europe Tungsten Carbide Market Market Share, By Application Figure XX: Europe Tungsten Carbide Market Share, By Application, By Value, 2016–2026F Cemented Carbide 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Industrial alloys 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% Mill products Jewelry 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% Surgical tools Others 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 16% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F XXX application dominated the market in 2020. However, YYY is anticipated to gain maximum traction during the forecast period on account of: XXX XXX XXX ▪ ▪ ▪ Source: Secondary Research, Expert Interviews, and TechSci Research Analysis Note: These are dummy figures; please purchase our report for actual data 30

  31. Europe Tungsten Carbide Market Market Share, By Country Figure XX: Europe Tungsten Carbide Market Share, By Country, By Value, 2020 & 2026F United Kingdom 2026F 16% 2020 16% France 2026F 16% 2020 16% Germany 2026F 16% 2020 16% Rest of Europe Italy Spain 2024F 20% 2024F 16% 2024F 16% 2018 20% 2018 16% 2018 16% Note: In this report, similar analysis and data representation has been followed for all the other Regions. 31

  32. COMPETITIVE LANDSCAPE COMPETITIVE LANDSCAPE

  33. Competitor Profile Sandvik AB COMPANY DESCRIPTION PRODUCT PORTFOLIO Product Portfolio: Business Overview: XXXX • Sandvik AB is a high-technology engineering group. The • XXXX • company develops, manufactures, and markets tools for XXXX • metalworking applications, machinery and tools for rock Product Availability (w.r.t. Product of Interest): excavation, stainless steel products, special alloys, and XXXX • resistance heating materials and process systems. Sandvik XXXX • XXXX • markets to industrial companies throughout the world, and tools can also be purchased online. Key Industries Served (w.r.t. Product of Interest): XXXX • XXXX • XXXX • XXXX • Year of Establishment: 1897 Key Competitors: XXXX • Total Number of Employees: XXXX XXXX • XXXX • XXXX • 33

  34. Competitor Profile Sandvik AB SEGMENTAL REVENUE BREAKDOWN KEY FINANCIAL INDICATORS & SEGMENTAL ANALYSIS By Business Segment, 2020 Revenue Growth $XX Million 40% $XX Million 30% 35% 70% 60% 80% Segment I Segment II Segment IV Segment III 2020 2018 EBITDA Growth PAT Growth By Geography, 2020 $XX Million 40% $XX Million 40% $XX Million 30% $XX Million 30% 2018 2020 2018 2022 Asia- Pacific America XX% KEY MANAGEMENT PERSONNEL XX% Mr. Stefan Widing Chief Executive Officer XXXXX XXXX EMEA XX% COMPANY HEADQUARTERS LOCATION Stockholm, Sweden COMPANY CONTACT ADDRESS Kungsbron 1 Section G, Floor 6 Stockholm, 101 30 Sweden +46-8-456-1100 34

  35. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Partial List of Clients Related Reports Global Metal Cutting Tools Market, 2026 Global Silica Sand Market, 2026 Global Butyl Acylate Market, 2026 • • • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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