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Global Tungsten Carbide Market 2017-2021

Global Tungsten Carbide Market 2017-2021

About Tungsten Carbide

Tungsten carbide is an inorganic compound that contains tungsten and carbide in equal proportions. Owing to its extraordinary hardness (three times that of steel), tensile strength, and wear resistance, it is used in a wide range of applications such as machine tools, cuttings tools, dies, punches, abrasives, and many other applications. It serves end markets such as mining and construction, automotive, power generation and fluid power manufacturing, aerospace and defense, and others.

Technavio’s analysts forecast the global tungsten carbide market to grow at a CAGR of 5.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tungsten carbide market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Tungsten Carbide Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carborundum Universal
  • CY CARBIDE
  • H.C. Starck
  • Kennametal
  • Nanchang Cemented Carbide
  • Sandvik
Other prominent vendors
  • Buffalo Tungsten
  • Chengdu Linray Carbide
  • Chengdu WOCO Carbide Industry
  • ChinaTungsten (Xiamen)
  • DAAO Industry
  • DMEGC
  • Global Tungsten & Powders
  • Lineage Alloys
  • Reade International
  • Sinter Sud
  • Total Carbide
  • Ultra Carbide
  • Zigong Huagang Cemented Carbide New Material
Market driver
  • Recycling of tungsten from scrap
  • For a full, detailed list, view our report
Market challenge
  • Economic slowdown in China
  • For a full, detailed list, view our report
Market trend
  • Emerging applications of tungsten carbide
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Tungsten Carbide Market 2017-2021

Technavio recognizes the following companies as the key players in the global tungsten carbide market: Carborundum Universal, CY CARBIDE, H.C. Starck, Kennametal, Nanchang Cemented Carbide, and Sandvik.

Other Prominent Vendors in the market are: Buffalo Tungsten, Chengdu Linray Carbide, Chengdu WOCO Carbide Industry, ChinaTungsten (Xiamen), DAAO Industry, DMEGC, Global Tungsten & Powders, Lineage Alloys, Reade International, Sinter Sud, Total Carbide, Ultra Carbide, and Zigong Huagang Cemented Carbide New Material.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emerging applications of tungsten carbide. In addition to the use of tungsten carbide in machine tools, cutting tools, dies, punches, and abrasives, technological advancements are showcasing the rich prospect for the use of tungsten carbide for new emerging applications. One of the applications is the use of tungsten carbide as a reforming catalyst for the conversion of natural gas to hydrogen gas.”

According to the report, one driver in the market is recycling of tungsten from scrap. The global tungsten carbide market has witnessed a continuous growth over the past few decades, which resulted in an increasing consumption of tungsten. Recycling of tungsten carbide is gaining popularity with recent feasible and advanced techniques showcasing effective extraction of tungsten from scrap. Currently, two methods are in practice for tungsten carbide recycling, which include the direct method and the indirect method.

Further, the report states that one challenge in the market is economic slowdown in China. Recent weak economic conditions in China resulted in more tungsten supply and less consumption. As a result, a downward trend in the price of tungsten was observed during 2013-2015. As China is the leading producer of tungsten ores with more than 60% of the global share, the economic slowdown and downward price trend affected the global tungsten carbide market.

Companies Mentioned

Carborundum Universal, CY CARBIDE, H.C. Starck, Kennametal, Nanchang Cemented Carbide, and Sandvik.Other Prominent Vendors in the market are: Buffalo Tungsten, Chengdu Linray Carbide, Chengdu WOCO Carbide Industry, ChinaTungsten (Xiamen), DAAO Industry, DMEGC, Global Tungsten & Powders, Lineage Alloys, Reade International, Sinter Sud, Total Carbide, Ultra Carbide, and Zigong Huagang Cemented Carbide New Material.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global tungsten carbide market by end product
      • Table Segmentation of global tungsten carbide market by end market
      • Table Segmentation of global tungsten carbide market by geography
    • Market size and forecast
      • Table Global tungsten carbide market in 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end product
    • Global tungsten carbide market by end product
      • Table Global tungsten carbide market by end product 2016
      • Table Global tungsten carbide market by end product 2021
      • Table Global tungsten carbide market by end product 2016 and 2021
    • Global tungsten carbide market in machine components and tools segment
      • Table Global tungsten carbide market in machine components and tools segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in machine components and tools segment 2016-2021
    • Global tungsten carbide market in cutting and drilling tools segment
      • Table Global tungsten carbide market in cutting and drilling tools segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in cutting and drilling tools segment 2016-2021
    • Global tungsten carbide market in dies and punches segment
      • Table Global tungsten carbide market in dies and punches segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in dies and punches segment 2016-2021
    • Global tungsten carbide market in abrasives segment
      • Table Global tungsten carbide market in abrasives segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in abrasives segment 2016-2021
    • Global tungsten carbide market in other end products segment
      • Table Global tungsten carbide market in other end products segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in other end products segment 2016-2021
  • Market segmentation end market
    • Global tungsten carbide market by end market
      • Table Global tungsten carbide market by end market 2016
      • Table Global tungsten carbide market by end market 2021
      • Table Global tungsten carbide market by end market 2016 and 2021
    • Global tungsten carbide market in mining and construction segment
      • Table Global tungsten carbide market in mining and construction segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in mining and construction segment 2016-2021
    • Global tungsten carbide market in automotive segment
      • Table Global tungsten carbide market in automotive segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in automotive segment 2016-2021
    • Global tungsten carbide market in power generation and fluid power manufacturing segment
      • Table Global tungsten carbide market in power generation and fluid power manufacturing segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in power generation and fluid power manufacturing segment 2016-2021
    • Global tungsten carbide market in oil and gas segment
      • Table Global tungsten carbide market in oil and gas segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in oil and gas segment 2016-2021
    • Global tungsten carbide market in aerospace and defense segment
      • Table Global tungsten carbide market in aerospace and defense segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in aerospace and defense segment 2016-2021
      • Table Comparison: Tungsten carbide and substitute materials
    • Global tungsten carbide market in other end markets
      • Table Global tungsten carbide market in other end markets 2016 and 2021 ($ billions)
      • Table Market forecast: Global tungsten carbide market in other end markets 2016-2021
  • Geographical segmentation
    • Global tungsten carbide market by geography
      • Table Global tungsten carbide market by geography 2016
      • Table Global tungsten carbide market by geography 2021
    • Tungsten carbide market in APAC
      • Table Tungsten carbide market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Tungsten carbide market in APAC 2016-2021
    • Tungsten carbide market in Americas
      • Table Tungsten carbide market in Americas 2016 and 2021 ($ billions)
      • Table Market forecast: Tungsten carbide market in Americas 2016-2021
    • Tungsten carbide market in Europe
      • Table Tungsten carbide market in Europe 2016 and 2021 ($ billions)
      • Table Market forecast: Tungsten carbide market in Europe 2016-2021
    • Tungsten carbide market in ROW
      • Table Tungsten carbide market in ROW 2016 and 2021 ($ billions)
      • Table Market forecast: Tungsten carbide market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Applications and advantages of recycled tungsten
      • Table Global tungsten reserve statistics 2017
      • Table Tungsten carbide properties
    • Market challenges
  • Market trends
    • Emerging applications of tungsten carbide
    • New mining projects
    • Opportunities in emerging economies
    • Tungsten carbide: Emerging alternative to depleted uranium reserves
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table List of other prominent vendors
  • Key vendor analysis
    • Carborundum Universal
      • Table Carborundum Universal: Business segmentation
    • CY CARBIDE
      • Table CY CARBIDE: Business segmentation
      • Table CY CARBIDE: Tungsten Carbide portfolio
    • H.C. Starck
      • Table H.C. Starck: Business segmentation
      • Table H.C. Starck: Tungsten carbide products
    • Kennametal
      • Table Kennametal: Business segmentation by revenue 2016
      • Table Kennametal: Geographical segmentation by revenue 2016
      • Table Kennametal: Tungsten carbide product portfolio
    • Nanchang Cemented Carbide
      • Table Nanchang Cemented Carbide: Business segmentation
      • Table Nanchang Cemented Carbide: Tungsten carbide portfolio
    • Sandvik
      • Table Sandvik: Business segmentation by revenue 2016
      • Table Sandvik: Geographical segmentation by revenue 2016
      • Table Sandvik: Tungsten carbide portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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