Global Cemented Carbide Rod (Tungsten Carbide Rod) Market Growth 2025-2031
Description
The global Cemented Carbide Rods market size is predicted to grow from US$ 592 million in 2025 to US$ 751 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Cemented carbide rod, also known as tungsten steel rod, is a high-performance composite material carefully crafted through powder metallurgy. It combines refractory metal compounds with bonding metals. Cemented carbide rod specifically refers to a solid cylindrical component made by precisely proportioning tungsten carbide and metal binder and pressing them. This material is widely used in the manufacture of various cutting tools such as drills, end mills, and reamers due to its excellent performance.
Cemented carbide rods are a kind of consumables in manufacturing and mining, usually referring to tungsten-based cemented carbide. Most of the downstream is used in cutting tool manufacturing, which accounts for nearly 50%, and the rest is abrasives and mining tools. From its characteristics, cemented carbide has high hardness and toughness, which can well meet the requirements of hardness, wear resistance, impact resistance and other properties in manufacturing and mining applications. Globally, cemented carbide rod companies are mainly distributed in the United States, Europe, China, Japan and other countries. The main core companies are Sumitomo Electric, Iljin Diamond, CERATIZIT, Xiamen GESAC, Hyperion Materials & Technologies, etc. The top 5 companies have a share of nearly 30%, and the market is relatively fragmented.
LP Information, Inc. (LPI) ' newest research report, the “Cemented Carbide Rods Industry Forecast” looks at past sales and reviews total world Cemented Carbide Rods sales in 2024, providing a comprehensive analysis by region and market sector of projected Cemented Carbide Rods sales for 2025 through 2031. With Cemented Carbide Rods sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cemented Carbide Rods industry.
This Insight Report provides a comprehensive analysis of the global Cemented Carbide Rods 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 Cemented Carbide Rods portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cemented Carbide Rods market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cemented Carbide Rods 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 Cemented Carbide Rods.
This report presents a comprehensive overview, market shares, and growth opportunities of Cemented Carbide Rods market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
General Purpose Rods
Special Purpose Rods
Segmentation by Application:
Cutting Tools
Metal Cutting Tools
Oil Extraction Tools
Automobiles
Abrasives
Others
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 analysing the company's coverage, product portfolio, its market penetration.
Sumitomo Electric Industries
CERATIZIT
AXISMATERIA
Iljin Diamond
Konrad Friedrichs GmbH
CY Carbide
Nanchang Cemented Carbide
Sinter Sud S.P.A.
Xiamen GESAC
Hyperion Materials & Technologies
Ganzhou CF Tungsten
Nippon Tokushu Goukin
Ultra Carbide LLC
Suzhou Shareate
Zhuzhou Cemented Carbides Group Co
Xiamen Toonney
Baoji Tianbo Metal Material
Mmc Ryotec Corporation
Nihon Hard Metal Co., Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cemented Carbide Rods market?
What factors are driving Cemented Carbide Rods market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cemented Carbide Rods market opportunities vary by end market size?
How does Cemented Carbide Rods break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Cemented carbide rod, also known as tungsten steel rod, is a high-performance composite material carefully crafted through powder metallurgy. It combines refractory metal compounds with bonding metals. Cemented carbide rod specifically refers to a solid cylindrical component made by precisely proportioning tungsten carbide and metal binder and pressing them. This material is widely used in the manufacture of various cutting tools such as drills, end mills, and reamers due to its excellent performance.
Cemented carbide rods are a kind of consumables in manufacturing and mining, usually referring to tungsten-based cemented carbide. Most of the downstream is used in cutting tool manufacturing, which accounts for nearly 50%, and the rest is abrasives and mining tools. From its characteristics, cemented carbide has high hardness and toughness, which can well meet the requirements of hardness, wear resistance, impact resistance and other properties in manufacturing and mining applications. Globally, cemented carbide rod companies are mainly distributed in the United States, Europe, China, Japan and other countries. The main core companies are Sumitomo Electric, Iljin Diamond, CERATIZIT, Xiamen GESAC, Hyperion Materials & Technologies, etc. The top 5 companies have a share of nearly 30%, and the market is relatively fragmented.
LP Information, Inc. (LPI) ' newest research report, the “Cemented Carbide Rods Industry Forecast” looks at past sales and reviews total world Cemented Carbide Rods sales in 2024, providing a comprehensive analysis by region and market sector of projected Cemented Carbide Rods sales for 2025 through 2031. With Cemented Carbide Rods sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cemented Carbide Rods industry.
This Insight Report provides a comprehensive analysis of the global Cemented Carbide Rods 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 Cemented Carbide Rods portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cemented Carbide Rods market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cemented Carbide Rods 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 Cemented Carbide Rods.
This report presents a comprehensive overview, market shares, and growth opportunities of Cemented Carbide Rods market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
General Purpose Rods
Special Purpose Rods
Segmentation by Application:
Cutting Tools
Metal Cutting Tools
Oil Extraction Tools
Automobiles
Abrasives
Others
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 analysing the company's coverage, product portfolio, its market penetration.
Sumitomo Electric Industries
CERATIZIT
AXISMATERIA
Iljin Diamond
Konrad Friedrichs GmbH
CY Carbide
Nanchang Cemented Carbide
Sinter Sud S.P.A.
Xiamen GESAC
Hyperion Materials & Technologies
Ganzhou CF Tungsten
Nippon Tokushu Goukin
Ultra Carbide LLC
Suzhou Shareate
Zhuzhou Cemented Carbides Group Co
Xiamen Toonney
Baoji Tianbo Metal Material
Mmc Ryotec Corporation
Nihon Hard Metal Co., Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cemented Carbide Rods market?
What factors are driving Cemented Carbide Rods market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cemented Carbide Rods market opportunities vary by end market size?
How does Cemented Carbide Rods break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
135 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Cemented Carbide Rod (Tungsten Carbide Rod) by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Cemented Carbide Rod (Tungsten Carbide Rod) by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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