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Tungsten Carbide Powder Market by Grade (Mining, Rotary Drilling, Metal Forming, Wear), Application (Components, Machine Tools, Cutting Tools), End-Use Industry (Mining & Construction).
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Forecast To 2025
The tungsten carbide metal powder is manufactured by solid carburization of tungsten powder. The powder
is a polycrystalline material that is utilized in diamond tools as a harder as well as wear rate modifier. After
this metal powder is mixed with cobalt and binder, tungsten carbide is pressed as well as sintered. A wide
range or variety of tungsten carbide powders is available. In order to augment its quality, the metal powder
is produced in large uniform batches with high purity, as well as uniform particle size by manufacturers of
cemented tungsten carbide. The tungsten carbide powder is majorly used for various diamond tool
applications. Owing to their low internal porosity coupled with high packing density leads to the formation
of a tool with high wear resistance levels.
The global tungsten carbide metal powder market can be classified based on grade, application, end-user
and region. On the basis of grade, the global tungsten carbide metal powder market is classified into metal
forming & wear grades, corrosion resistant grades, rotary drilling & mining grades, submicron grades,
general purpose grades, and others grades. Depending upon application, it is segmented into abrasive,
machine tools & components, cutting tools, dies & punches, and others. As per end user, the global
tungsten carbide metal powder market is divided into industrial engineering, mining & construction, oil &
gas, transportation, aerospace & defense, and others.
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Among the market segments, the rotary drilling & mining grade segment command a large share of the
tungsten carbide metal powder market during the future years. Owing to their high impact resistance,
stiffness, and capability of high-performance ability in intense working conditions leads to making rotary
drilling & mining as highly preferred grades for tungsten carbide powder segment. The machine tools &
components market application segment commands major share of the global tungsten carbide powder
market owing to their high adoption rate for the development of various components such as rods, tips,
nozzles, inserts, bits, sheets, strips, buttons and balls, among others, for various end-use industries. Among
end-users, the mining & construction industry commands largest share of the global tungsten carbide
powder market owing to the rise in oil & gas exploration activities as well as high government spending
towards the infrastructures development.
Based on regions, the global tungsten carbide metal powder market is divided into North America, Europe,
Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is
anticipated to command the maximum market share and would lead the tungsten carbide metal powder
market during the forecast period.
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The Asia-Pacific region is expected to witness the swiftest growth in the tungsten carbide metal powder
market. Factors such as high economic growth rate of economies in the Asia-Pacific region, and large
investments being made across different industries, such as aerospace & defense, mining & construction,
automotive and oil & gas and countries like China, India, and Japan being leading consumers of tungsten
carbide powder in the Asia-Pacific region is propelling the growth of aerospace bearings market in the
The major companies that provide tungsten carbide metal powder include Ceratizit S.A., Sandvik AB,
Japan New Metal Co., Ltd., Manu. & Sales Corp., Nanchang Cemented Carbide Co., Ltd., Kennametal
Inc., Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd., Extramet, Jiangxi Yaosheng
Tungsten Co., Ltd., China Tungsten Online and Eurotungstene.
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