Global Tungsten Carbide Competitive Landscape Professional Research Report 2025
Research Summary
Tungsten carbide is a composite material composed of tungsten (W) and carbon (C) in equal parts, resulting in a hard and dense metal compound. Renowned for its exceptional hardness and wear resistance, tungsten carbide is widely used in various industrial applications. It is often employed in the production of cutting tools, such as drills, milling cutters, and saw blades, due to its ability to maintain a sharp edge even under demanding conditions. Tungsten carbide is also used for wear-resistant parts in industries like mining, metalworking, and oil and gas, where durability and longevity are crucial. The material＇s hardness and toughness make it suitable for a range of applications, from precision machining to heavy-duty equipment. Additionally, tungsten carbide has found its way into jewelry, particularly in the manufacture of durable and scratch-resistant wedding bands and other accessories.
According to DIResearch's in-depth investigation and research, the global Tungsten Carbide market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of Tungsten Carbide include Xiamen Tungsten, Zhangyuan Tungsten, China Minmetals Corporation, GuangDong XiangLu Tungsten, JXTC, JIANGXI YAOSHENG, DMEGC, GTP, Buffalo Tungsten, ERAMET, Kennametal, READE, JAPAN NEW METALS, Lineage Alloys, American Elements etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Tungsten Carbide. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Tungsten Carbide market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Tungsten Carbide market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Tungsten Carbide industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Tungsten Carbide Include:
Xiamen Tungsten
Zhangyuan Tungsten
China Minmetals Corporation
GuangDong XiangLu Tungsten
JXTC
JIANGXI YAOSHENG
DMEGC
GTP
Buffalo Tungsten
ERAMET
Kennametal
READE
JAPAN NEW METALS
Lineage Alloys
American Elements
Tungsten Carbide Product Segment Include:
Coarse Grain WC
Fine Grain WC
Tungsten Carbide Product Application Include:
Manufacturing
Mining
Oil and Gas
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global Tungsten Carbide Capacity and Production Analysis
Chapter 3: Global Tungsten Carbide Industry PESTEL Analysis
Chapter 4: Global Tungsten Carbide Industry Porter's Five Forces Analysis
Chapter 5: Global Tungsten Carbide Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis
Chapter 6: Global Tungsten Carbide Market Size and Forecast by Type and Application Analysis
Chapter 7: North America Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: Europe Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: China Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: APAC (Excl. China) Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Latin America Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Middle East and Africa Tungsten Carbide Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 13: Global Tungsten Carbide Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 14: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 15: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 16: Research Findings and Conclusion
Chapter 17: Methodology and Data Sources
- 1 Tungsten Carbide Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Tungsten Carbide Product by Type
- 1.2.1 Coarse Grain WC
- 1.2.2 Fine Grain WC
- 1.3 Tungsten Carbide Product by Application
- 1.3.1 Manufacturing
- 1.3.2 Mining
- 1.3.3 Oil and Gas
- 1.3.4 Others
- 1.4 Global Tungsten Carbide Market Revenue and Sales Analysis
- 1.4.1 Global Tungsten Carbide Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Tungsten Carbide Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Tungsten Carbide Market Sales Price Trend Analysis (2020-2032)
- 1.5 Tungsten Carbide Industry Trends and Innovation
- 1.5.1 Tungsten Carbide Industry Trends and Innovation
- 1.5.2 Tungsten Carbide Market Drivers and Challenges
- 2 Global Tungsten Carbide Capacity and Production Analysis
- 2.1 Global Tungsten Carbide Capacity, Production and Utilization (2020-2032)
- 2.2 Global Tungsten Carbide Production Growth Trend by Region: 2024 VS 2025 VS 2030
- 2.3 Global Tungsten Carbide Production by Region
- 2.3.1 Global Tungsten Carbide Production by Region (2020-2025)
- 2.3.2 Global Tungsten Carbide Production Forecast by Region (2026-2032)
- 2.3.3 Global Tungsten Carbide Production Market Share by Region (2020-2032)
- 3 Tungsten Carbide Market PESTEL Analysis
- 3.1 Political Factors Analysis
- 3.2 Economic Factors Analysis
- 3.3 Social Factors Analysis
- 3.4 Technological Factors Analysis
- 3.5 Environmental Factors Analysis
- 3.6 Legal Factors Analysis
- 4 Tungsten Carbide Market Porter's Five Forces Analysis
- 4.1 Competitive Rivalry
- 4.2 Threat of New Entrants
- 4.3 Bargaining Power of Suppliers
- 4.4 Bargaining Power of Buyers
- 4.5 Threat of Substitutes
- 5 Global Tungsten Carbide Market Analysis by Regions
- 5.1 Tungsten Carbide Overall Market: 2024 VS 2025 VS 2032
- 5.2 Global Tungsten Carbide Revenue and Forecast Analysis (2020-2032)
- 5.2.1 Global Tungsten Carbide Revenue and Market Share by Region (2020-2025)
- 5.2.2 Global Tungsten Carbide Revenue and Market Forecast by Region (2026-2032)
- 5.3 Global Tungsten Carbide Sales and Forecast Analysis (2020-2032)
- 5.3.1 Global Tungsten Carbide Sales and Market Share by Region (2020-2025)
- 5.3.2 Global Tungsten Carbide Sales and Market Forecast by Region (2026-2032)
- 5.4 Global Tungsten Carbide Sales Price Trend Analysis (2020-2032)
- 6 Global Tungsten Carbide Market Size by Type and Application
- 6.1 Global Tungsten Carbide Market Size by Type
- 6.1.1 Global Tungsten Carbide Revenue and Forecast Analysis by Type (2020-2032)
- 6.1.2 Global Tungsten Carbide Sales and Forecast Analysis by Type (2020-2032)
- 6.2 Global Tungsten Carbide Market Size by Application
- 6.2.1 Global Tungsten Carbide Revenue and Forecast Analysis by Application (2020-2032)
- 6.2.2 Global Tungsten Carbide Sales and Forecast Analysis by Application (2020-2032)
- 7 North America
- 7.1 North America Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 7.2 North America Key Manufacturers Analysis
- 7.3 North America Tungsten Carbide Market Size by Type
- 7.3.1 North America Tungsten Carbide Sales by Type (2020-2032)
- 7.3.2 North America Tungsten Carbide Revenue by Type (2020-2032)
- 7.4 North America Tungsten Carbide Market Size by Application
- 7.4.1 North America Tungsten Carbide Sales by Application (2020-2032)
- 7.4.2 North America Tungsten Carbide Revenue by Application (2020-2032)
- 7.5 North America Tungsten Carbide Market Size by Country
- 7.5.1 US
- 7.5.2 Canada
- 8 Europe
- 8.1 Europe Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 8.2 Europe Key Manufacturers Analysis
- 8.3 Europe Tungsten Carbide Market Size by Type
- 8.3.1 Europe Tungsten Carbide Sales by Type (2020-2032)
- 8.3.2 Europe Tungsten Carbide Revenue by Type (2020-2032)
- 8.4 Europe Tungsten Carbide Market Size by Application
- 8.4.1 Europe Tungsten Carbide Sales by Application (2020-2032)
- 8.4.2 Europe Tungsten Carbide Revenue by Application (2020-2032)
- 8.5 Europe Tungsten Carbide Market Size by Country
- 8.5.1 Germany
- 8.5.2 France
- 8.5.3 United Kingdom
- 8.5.4 Italy
- 8.5.5 Spain
- 8.5.6 Benelux
- 9 China
- 9.1 China Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 9.2 China Key Manufacturers Analysis
- 9.3 China Tungsten Carbide Market Size by Type
- 9.3.1 China Tungsten Carbide Sales by Type (2020-2032)
- 9.3.2 China Tungsten Carbide Revenue by Type (2020-2032)
- 9.4 China Tungsten Carbide Market Size by Application
- 9.4.1 China Tungsten Carbide Sales by Application (2020-2032)
- 9.4.2 China Tungsten Carbide Revenue by Application (2020-2032)
- 10 APAC (excl. China)
- 10.1 APAC (excl. China) Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 10.2 APAC (excl. China) Key Manufacturers Analysis
- 10.3 APAC (excl. China) Tungsten Carbide Market Size by Type
- 10.3.1 APAC (excl. China) Tungsten Carbide Sales by Type (2020-2032)
- 10.3.2 APAC (excl. China) Tungsten Carbide Revenue by Type (2020-2032)
- 10.4 APAC (excl. China) Tungsten Carbide Market Size by Application
- 10.4.1 APAC (excl. China) Tungsten Carbide Sales by Application (2020-2032)
- 10.4.2 APAC (excl. China) Tungsten Carbide Revenue by Application (2020-2032)
- 10.5 APAC (excl. China) Tungsten Carbide Market Size by Country
- 10.5.1 Japan
- 10.5.2 South Korea
- 10.5.3 India
- 10.5.4 Australia
- 10.5.5 Southeast Asia
- 11 Latin America
- 11.1 Latin America Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 11.2 Latin America Key Manufacturers Analysis
- 1`.3 Latin America Tungsten Carbide Market Size by Type
- 11.3.1 Latin America Tungsten Carbide Sales by Type (2020-2032)
- 11.3.2 Latin America Tungsten Carbide Revenue by Type (2020-2032)
- 11.4 Latin America Tungsten Carbide Market Size by Application
- 11.4.1 Latin America Tungsten Carbide Sales by Application (2020-2032)
- 11.4.2 Latin America Tungsten Carbide Revenue by Application (2020-2032)
- 11.5 Latin America Tungsten Carbide Market Size by Country
- 11.6 Latin America Tungsten Carbide Market Size by Country
- 11.6.1 Mexico
- 11.6.2 Brazil
- 12 Middle East & Africa
- 12.1 Middle East & Africa Tungsten Carbide Market Size and Growth Rate Analysis (2020-2032)
- 12.2 Middle East & Africa Key Manufacturers Analysis
- 12.3 Middle East & Africa Tungsten Carbide Market Size by Type
- 12.3.1 Middle East & Africa Tungsten Carbide Sales by Type (2020-2032)
- 12.3.2 Middle East & Africa Tungsten Carbide Revenue by Type (2020-2032)
- 12.4 Middle East & Africa Tungsten Carbide Market Size by Application
- 12.4.1 Middle East & Africa Tungsten Carbide Sales by Application (2020-2032)
- 12.4.2 Middle East & Africa Tungsten Carbide Revenue by Application (2020-2032)
- 12.5 Middle East Tungsten Carbide Market Size by Country
- 12.5.1 Saudi Arabia
- 12.5.2 South Africa
- 13 Competition by Manufacturers
- 13.1 Global Tungsten Carbide Market Sales, Revenue and Price by Key Manufacturers (2021-2025)
- 13.1.1 Global Tungsten Carbide Market Sales by Key Manufacturers (2021-2025)
- 13.1.2 Global Tungsten Carbide Market Revenue by Key Manufacturers (2021-2025)
- 13.1.3 Global Tungsten Carbide Average Sales Price by Manufacturers (2021-2025)
- 13.2 Tungsten Carbide Competitive Landscape Analysis and Market Dynamic
- 13.2.1 Tungsten Carbide Competitive Landscape Analysis
- 13.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
- 13.2.3 Market Dynamic
- 14 Key Companies Analysis
- 14.1 Xiamen Tungsten
- 14.1.1 Xiamen Tungsten Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.1.2 Xiamen Tungsten Tungsten Carbide Product Portfolio
- 14.1.3 Xiamen Tungsten Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.2 Zhangyuan Tungsten
- 14.2.1 Zhangyuan Tungsten Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.2.2 Zhangyuan Tungsten Tungsten Carbide Product Portfolio
- 14.2.3 Zhangyuan Tungsten Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.3 China Minmetals Corporation
- 14.3.1 China Minmetals Corporation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.3.2 China Minmetals Corporation Tungsten Carbide Product Portfolio
- 14.3.3 China Minmetals Corporation Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.4 GuangDong XiangLu Tungsten
- 14.4.1 GuangDong XiangLu Tungsten Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.4.2 GuangDong XiangLu Tungsten Tungsten Carbide Product Portfolio
- 14.4.3 GuangDong XiangLu Tungsten Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.5 JXTC
- 14.5.1 JXTC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.5.2 JXTC Tungsten Carbide Product Portfolio
- 14.5.3 JXTC Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.6 JIANGXI YAOSHENG
- 14.6.1 JIANGXI YAOSHENG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.6.2 JIANGXI YAOSHENG Tungsten Carbide Product Portfolio
- 14.6.3 JIANGXI YAOSHENG Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.7 DMEGC
- 14.7.1 DMEGC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.7.2 DMEGC Tungsten Carbide Product Portfolio
- 14.7.3 DMEGC Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.8 GTP
- 14.8.1 GTP Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.8.2 GTP Tungsten Carbide Product Portfolio
- 14.8.3 GTP Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.9 Buffalo Tungsten
- 14.9.1 Buffalo Tungsten Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.9.2 Buffalo Tungsten Tungsten Carbide Product Portfolio
- 14.9.3 Buffalo Tungsten Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.10 ERAMET
- 14.10.1 ERAMET Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.10.2 ERAMET Tungsten Carbide Product Portfolio
- 14.10.3 ERAMET Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.11 Kennametal
- 14.11.1 Kennametal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.11.2 Kennametal Tungsten Carbide Product Portfolio
- 14.11.3 Kennametal Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.12 READE
- 14.12.1 READE Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.12.2 READE Tungsten Carbide Product Portfolio
- 14.12.3 READE Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.13 JAPAN NEW METALS
- 14.13.1 JAPAN NEW METALS Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.13.2 JAPAN NEW METALS Tungsten Carbide Product Portfolio
- 14.13.3 JAPAN NEW METALS Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.14 Lineage Alloys
- 14.14.1 Lineage Alloys Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.14.2 Lineage Alloys Tungsten Carbide Product Portfolio
- 14.14.3 Lineage Alloys Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14.15 American Elements
- 14.15.1 American Elements Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 14.15.2 American Elements Tungsten Carbide Product Portfolio
- 14.15.3 American Elements Tungsten Carbide Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 15 Industry Chain Analysis
- 15.1 Tungsten Carbide Industry Chain Analysis
- 15.2 Tungsten Carbide Industry Raw Material and Suppliers Analysis
- 15.2.1 Tungsten Carbide Key Raw Material Supply Analysis
- 15.2.2 Raw Material Suppliers and Contact Information
- 15.3 Tungsten Carbide Typical Downstream Customers
- 15.4 Tungsten Carbide Sales Channel Analysis
- 16 Research Findings and Conclusion
- 17 Methodology and Data Source
- 17.1 Methodology/Research Approach
- 17.2 Research Scope
- 17.3 Benchmarks and Assumptions
- 17.4 Date Source
- 17.4.1 Primary Sources
- 17.4.2 Secondary Sources
- 17.5 Data Cross Validation
- 17.6 Disclaimer
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