Tungsten carbide powder Market: Increasing use in the mining & construction sector is set to drive the market growthGlobal Tungsten Carbide Powder Market is predicted to reach USD 16.78 billion at a CAGR of 5.2% during the forecast period:

Pune, India, September, 2030 /press release/- Market Research Future Published a Half Cooked Research Report on Global Tungsten Carbide Powder Research Report.

MRFR recognizes the following companies as the key players in the Global Tungsten Carbide Powder Market— Kennametal Inc, Sandvik, Federal Carbide Company, CERATIZIT S.A., Nanchang Cemented Carbide Co., Ltd, ChinaTungsten, C. Starck GmbH, Reade International Corp, Merck KGaA, GuangDong XiangLu Tungsten Co Ltd, Japan New Metals Co Ltd, Umicore, and Chongyi ZhangYuan Tungsten Co, Ltd.

Tungsten Carbide Powder Market Highlights

Global Tungsten Carbide Powder Market is accounted to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 16.78 Billion by 2030.

Tungsten carbide powder is a fine and high-density powder composed of tungsten and carbon atoms. It is a versatile and widely used industrial material known for its exceptional hardness and wear resistance. Tungsten carbide is produced through a powder metallurgy process, where tungsten powder and carbon black or other carbon sources are mixed and heated at high temperatures to form tungsten carbide grains. This powder is a crucial raw material in the production of hard and wear-resistant components, cutting tools, abrasives, and industrial coatings. Tungsten carbide powder finds applications in various industries, including manufacturing, mining, aerospace, defense, and metalworking, where its remarkable properties contribute to improved performance and durability of the final products.

Segment Analysis

The Global Tungsten Carbide Powder Market has been segmented based on Grade, Application, and End-Use.

Based on Grade, the market is segmented into Rotary Drilling & Mining, Metal Forming, Wear, Submicron, and Others. The Rotary Drilling & Mining category dominates the Tungsten Carbide Powder market due to the material's exceptional hardness and wear resistance, making it a preferred choice for producing durable cutting tools and wear-resistant components used in drilling and mining operations.

Based on Application, the market is segmented into Machine Tools, Cutting Tools, Dies and Punches, and Others. The Machine Tools category dominates the Tungsten Carbide Powder market due to its widespread use in the production of high-performance cutting inserts and wear-resistant components for various machining applications.

Based on End-Use, the market is segmented into Building & Construction, Oil & Gas, Automotive, Mining, Aerospace & Defense, and Others. The Building & Construction category dominates the Tungsten Carbide Powder market due to its extensive use in producing hard and wear-resistant materials for construction tools and equipment, enhancing durability and performance in building applications.

Regional Analysis

The Global Tungsten Carbide Powder Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Tungsten Carbide Powder Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Tungsten Carbide Powder Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Tungsten Carbide Powder Market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific region commands the largest share of the tungsten carbide market, with China being the foremost producer of tungsten ore, contributing approximately 85% of the global output. However, this dominant control and management of tungsten resources by China, coupled with strict export quotas and policies, may hinder supply chains and result in adverse negative effects on the market's overall dynamics.

Key Findings of the Study

• The Global Tungsten Carbide Powder Market is expected to reach USD 16.78 Billion by 2030, at a CAGR of 5.2% during the forecast period.


• The Asia-Pacific region has the highest share in the tungsten carbide market, primarily due to China's leading position as the primary producer of tungsten ore, accounting for about 85% of the global output. However, China's dominant control over tungsten resources, along with stringent export quotas and policies, poses potential challenges for supply chains and may negatively impact the overall dynamics of the market.


• Based on the Application, the Market has been segmented into Machine Tools holding the largest market in 2023.


• Kennametal Inc, Sandvik, Federal Carbide Company, CERATIZIT S.A., Nanchang Cemented Carbide Co., Ltd, ChinaTungsten, C. Starck GmbH, Reade International Corp, Merck KGaA, GuangDong XiangLu Tungsten Co Ltd, Japan New Metals Co Ltd, Umicore, and Chongyi ZhangYuan Tungsten Co, Ltd.

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