Market Snapshot:
Carbides are primarily binary compounds having carbon and any other element with lesser electro negativity. Carbides are classified in various types based on the type of chemical bonding. Aluminum carbide is classified under saline carbides with a sub-group of methanides. Aluminum carbides release methane on decomposition with water. Aluminum carbide is majorly used in abrasives or in other cutting tools owing to their high strength. Aluminum carbide is manufactured by direct reaction of carbon and aluminum in electric arc furnace. In addition to the major use of aluminum carbide as abrasives, aluminum carbide is also used to reduce the tendency of creeping of aluminum.
Highlights from Aluminum Carbide Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are ESPI Metals (United States), Sigma-Aldrich (United States), Santa Cruz Biotechnology (United States), Fisher Scientific (United States), Mitsubishi Materials Corporation (Japan), Advent Tool & Manufacturing (United States), Ingersoll Cutting Tool Company (United States), Vora Industries (India), Ceratizit (Luxembourg), Big Kaiser (United States) and Nachi-Fujikoshi (Japan). Additionally, other players that are part of this comprehensive study are Promax Tools (Malaysia), Garr Tool (United Kingdom), Tunco Manufacturing (United States), Global Excel Tools Manufacturing (Malaysia), SandvicK (Sweden) and Kennametal Foundation (Pennsylvania).
Geographic Breakdown and Segment Analysis
The Global Aluminum Carbide market presents a comprehensive analysis of the Aluminum Carbide market by product type (Powder and Block), by end-user/application (Cutting, Chamfering, Drilling, Engraving, Grooving and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Aluminum Carbide industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Aluminum Carbide market
Analyst at AMA have segmented the market study of Global Aluminum Carbide market by Type, Application and Region.
Influencing Trend:
Rapid product launch is expected to be a major trend in global aluminium carbide market across developed region.
Market Growth Drivers:
Growth in abrasives market, Rapid industrial development especially in electrical and electronics industries and Steady economic growth
Challenges:
Low Market Penetration
Restraints:
Fluctuating demand of Aluminium Carbide and Raw material cost
Opportunities:
Rising Adoption in Emerging Regions
Market Developments Activities:
PARTER Capital Group AG acquires Alcoa’s Avilés and La Coruña aluminum plants. Press Metal Aluminium buys a 25% stake in PT Bintan Alumina.
In August 2019, ALUMINUM USA collaborated with the Future Aluminium Forum, an international technology conference covering all topics surrounding aluminum and the importance of Industry 4.0.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.With the exponential growth in the manufacturing industry, the carbide tool market holds tremendous potential for the leading as well as local manufacturers to claim their share of the market.
Key Target Audience
Aluminum Carbide Manufacturers, Aluminum Carbide Distributors/Traders/Wholesalers, Aluminum Carbide Subcomponent Manufacturers, Industry Association, Downstream Vendors, Consulting Firms, Corporate Entities and Government