Global Tungsten Carbide Powder (WC) Market Growth 2023-2029

Global Tungsten Carbide Powder (WC) Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Tungsten Carbide Powder (WC) Industry Forecast” looks at past sales and reviews total world Tungsten Carbide Powder (WC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Tungsten Carbide Powder (WC) sales for 2023 through 2029. With Tungsten Carbide Powder (WC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tungsten Carbide Powder (WC) industry.
This Insight Report provides a comprehensive analysis of the global Tungsten Carbide Powder (WC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tungsten Carbide Powder (WC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tungsten Carbide Powder (WC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tungsten Carbide Powder (WC) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tungsten Carbide Powder (WC).
The global Tungsten Carbide Powder (WC) market size is projected to grow from US$ 1804.9 million in 2022 to US$ 2333 million in 2029; it is expected to grow at a CAGR of 2333 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Tungsten Carbide Powder (WC) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Grain Sizes Below 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Segmentation by application
Machine Tools & Components
Cutting Tools
Dies & Punches
Others (Abrasive Products, etc.)
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tungsten Carbide Powder (WC) market?
What factors are driving Tungsten Carbide Powder (WC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tungsten Carbide Powder (WC) market opportunities vary by end market size?
How does Tungsten Carbide Powder (WC) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.