Global Tungsten Carbide Powder (WC) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Tungsten Carbide Powder (WC) market size was valued at US$ 1973 million in 2024 and is forecast to a readjusted size of USD 2506 million by 2031 with a CAGR of 3.5% during review period.

Tungsten carbide is a made up of chemically bonded tungsten and carbide. Its superior hardness enables it to replace steel and other metal alloys in a variety of applications. Colloquially, tungsten carbide is often simply called carbide. In its most basic form, it is a fine gray powder, but it can be pressed and formed into shapes for use in industrial machinery, tools, abrasives, as well as jewelry. Tungsten carbide is approximately four times stiffer than steel, with a Young"s modulus of approximately 550 GPa, and is much denser than steel or titanium. It is comparable with corundum (a-Al2O3) in hardness and can only be polished and finished with diamond wheels and compounds.

Global Tungsten Carbide Powder (WC) key players include Sandvik, Xiamen Tungsten, China Minmetals Corporation, Element Six, Jiangxi Yaosheng, etc. Global top five manufacturers hold a share about 55%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, total have a share about 35 percent. In terms of product, Grain Sizes 1-10 µm is the largest segment, with a share about 45%. And in terms of application, the largest application is Machine Tools & Components, followed by Cutting Tools, Dies & Punches, etc.

This report is a detailed and comprehensive analysis for global Tungsten Carbide Powder (WC) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Tungsten Carbide Powder (WC) market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Tungsten Carbide Powder (WC) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Tungsten Carbide Powder (WC) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Tungsten Carbide Powder (WC) market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Tungsten Carbide Powder (WC)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Tungsten Carbide Powder (WC) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sandvik, Xiamen Tungsten, China Minmetals, Element Six, Jiangxi Yaosheng, GuangDong XiangLu Tungsten, Chongyi Zhangyyuan Tungsten, Plansee (GTP), JXTC, Japan New Metals, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Tungsten Carbide Powder (WC) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Grain Sizes Below 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm

Market segment by Application
Machine Tools & Components
Cutting Tools
Dies & Punches
Others (Abrasive Products, etc.)

Major players covered
Sandvik
Xiamen Tungsten
China Minmetals
Element Six
Jiangxi Yaosheng
GuangDong XiangLu Tungsten
Chongyi Zhangyyuan Tungsten
Plansee (GTP)
JXTC
Japan New Metals
AST
Kohsei
ALMT
Kennametal
H.C.Starck
TaeguTec
Wolfram JSC
Buffalo Tungsten
ERAMET
Lineage Alloys

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Tungsten Carbide Powder (WC) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Tungsten Carbide Powder (WC), with price, sales quantity, revenue, and global market share of Tungsten Carbide Powder (WC) from 2020 to 2025.

Chapter 3, the Tungsten Carbide Powder (WC) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Tungsten Carbide Powder (WC) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Tungsten Carbide Powder (WC) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Tungsten Carbide Powder (WC).

Chapter 14 and 15, to describe Tungsten Carbide Powder (WC) sales channel, distributors, customers, research findings and conclusion.