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Global Tungsten Carbide Market Research Report 2025
Synopsis
The global market for Tungsten Carbide was valued at US$ 2002 million in the year 2024 and is projected to reach a revised size of US$ 2659 million by 2031, growing at a CAGR of 4.2% during the forecast period.
Tungsten is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.
The major players in global Tungsten Carbide market include Sandvik, Xiamen Tungsten, China Minmetals Corporation, etc. The top 3 players occupy about 34% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 75% of the global market. Grain Sizes 1-10 µm is the main type, with a share about 45%. Machine Tools & Components is the main application, which holds a share about 30%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Tungsten Carbide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tungsten Carbide.
The Tungsten Carbide market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Tungsten Carbide market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tungsten Carbide manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sandvik
Xiamen Tungsten
China Minmetals Corporation
Element Six
Jiangxi Yaosheng
GuangDong XiangLu Tungsten
Chongyi Zhangyyuan Tungsten
Plansee (GTP)
JXTC
Japan New Metals
AST (India)
Kohsei Co Ltd
ALMT Corp
Kennametal
H.C.Starck
TaeguTec Ltd
Wolfram Company JSC (Russia)
Buffalo Tungsten
Eurotungstene
Lineage Alloys
by Type
Grain Sizes Up to 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Others
by Application
Machine Tools and Components
Cutting Tools
Dies and Punches
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tungsten Carbide manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Carbide by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tungsten Carbide in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global market for Tungsten Carbide was valued at US$ 2002 million in the year 2024 and is projected to reach a revised size of US$ 2659 million by 2031, growing at a CAGR of 4.2% during the forecast period.
Tungsten is very stable element, as pure metal, tungsten has not only the highest melting point of all metals (3,422 °C) and the lowest degree of thermal expansion, but it is also very dense (19.3 g/cm³), has a high degree of mechanical strength and rigidity and very low vapor pressure. Meanwhile, it has excellent corrosion resistance, thermal conductivity and electric conductivity.
The major players in global Tungsten Carbide market include Sandvik, Xiamen Tungsten, China Minmetals Corporation, etc. The top 3 players occupy about 34% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 75% of the global market. Grain Sizes 1-10 µm is the main type, with a share about 45%. Machine Tools & Components is the main application, which holds a share about 30%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Tungsten Carbide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tungsten Carbide.
The Tungsten Carbide market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Tungsten Carbide market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tungsten Carbide manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sandvik
Xiamen Tungsten
China Minmetals Corporation
Element Six
Jiangxi Yaosheng
GuangDong XiangLu Tungsten
Chongyi Zhangyyuan Tungsten
Plansee (GTP)
JXTC
Japan New Metals
AST (India)
Kohsei Co Ltd
ALMT Corp
Kennametal
H.C.Starck
TaeguTec Ltd
Wolfram Company JSC (Russia)
Buffalo Tungsten
Eurotungstene
Lineage Alloys
by Type
Grain Sizes Up to 1 µm
Grain Sizes 1-10 µm
Grain Sizes Above 10 µm
Others
by Application
Machine Tools and Components
Cutting Tools
Dies and Punches
Others
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tungsten Carbide manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Carbide by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tungsten Carbide in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Tungsten Carbide Market Overview
1.1 Product Definition
1.2 Tungsten Carbide by Type
1.2.1 Global Tungsten Carbide Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Grain Sizes Up to 1 µm
1.2.3 Grain Sizes 1-10 µm
1.2.4 Grain Sizes Above 10 µm
1.2.5 Others
1.3 Tungsten Carbide by Application
1.3.1 Global Tungsten Carbide Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Machine Tools and Components
1.3.3 Cutting Tools
1.3.4 Dies and Punches
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Tungsten Carbide Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Tungsten Carbide Production Estimates and Forecasts (2020-2031)
1.4.4 Global Tungsten Carbide Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Tungsten Carbide Production Market Share by Manufacturers (2020-2025)
2.2 Global Tungsten Carbide Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Tungsten Carbide, Industry Ranking, 2023 VS 2024
2.4 Global Tungsten Carbide Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Tungsten Carbide Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Tungsten Carbide, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Tungsten Carbide, Product Offered and Application
2.8 Global Key Manufacturers of Tungsten Carbide, Date of Enter into This Industry
2.9 Tungsten Carbide Market Competitive Situation and Trends
2.9.1 Tungsten Carbide Market Concentration Rate
2.9.2 Global 5 and 10 Largest Tungsten Carbide Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Tungsten Carbide Production by Region
3.1 Global Tungsten Carbide Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Tungsten Carbide Production Value by Region (2020-2031)
3.2.1 Global Tungsten Carbide Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Tungsten Carbide by Region (2026-2031)
3.3 Global Tungsten Carbide Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Tungsten Carbide Production Volume by Region (2020-2031)
3.4.1 Global Tungsten Carbide Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Tungsten Carbide by Region (2026-2031)
3.5 Global Tungsten Carbide Market Price Analysis by Region (2020-2025)
3.6 Global Tungsten Carbide Production and Value, Year-over-Year Growth
3.6.1 North America Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
3.6.6 India Tungsten Carbide Production Value Estimates and Forecasts (2020-2031)
4 Tungsten Carbide Consumption by Region
4.1 Global Tungsten Carbide Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Tungsten Carbide Consumption by Region (2020-2031)
4.2.1 Global Tungsten Carbide Consumption by Region (2020-2025)
4.2.2 Global Tungsten Carbide Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Tungsten Carbide Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Tungsten Carbide Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Tungsten Carbide Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Tungsten Carbide Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Tungsten Carbide Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Tungsten Carbide Production by Type (2020-2031)
5.1.1 Global Tungsten Carbide Production by Type (2020-2025)
5.1.2 Global Tungsten Carbide Production by Type (2026-2031)
5.1.3 Global Tungsten Carbide Production Market Share by Type (2020-2031)
5.2 Global Tungsten Carbide Production Value by Type (2020-2031)
5.2.1 Global Tungsten Carbide Production Value by Type (2020-2025)
5.2.2 Global Tungsten Carbide Production Value by Type (2026-2031)
5.2.3 Global Tungsten Carbide Production Value Market Share by Type (2020-2031)
5.3 Global Tungsten Carbide Price by Type (2020-2031)
6 Segment by Application
6.1 Global Tungsten Carbide Production by Application (2020-2031)
6.1.1 Global Tungsten Carbide Production by Application (2020-2025)
6.1.2 Global Tungsten Carbide Production by Application (2026-2031)
6.1.3 Global Tungsten Carbide Production Market Share by Application (2020-2031)
6.2 Global Tungsten Carbide Production Value by Application (2020-2031)
6.2.1 Global Tungsten Carbide Production Value by Application (2020-2025)
6.2.2 Global Tungsten Carbide Production Value by Application (2026-2031)
6.2.3 Global Tungsten Carbide Production Value Market Share by Application (2020-2031)
6.3 Global Tungsten Carbide Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Sandvik
7.1.1 Sandvik Tungsten Carbide Company Information
7.1.2 Sandvik Tungsten Carbide Product Portfolio
7.1.3 Sandvik Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Sandvik Main Business and Markets Served
7.1.5 Sandvik Recent Developments/Updates
7.2 Xiamen Tungsten
7.2.1 Xiamen Tungsten Tungsten Carbide Company Information
7.2.2 Xiamen Tungsten Tungsten Carbide Product Portfolio
7.2.3 Xiamen Tungsten Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Xiamen Tungsten Main Business and Markets Served
7.2.5 Xiamen Tungsten Recent Developments/Updates
7.3 China Minmetals Corporation
7.3.1 China Minmetals Corporation Tungsten Carbide Company Information
7.3.2 China Minmetals Corporation Tungsten Carbide Product Portfolio
7.3.3 China Minmetals Corporation Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.3.4 China Minmetals Corporation Main Business and Markets Served
7.3.5 China Minmetals Corporation Recent Developments/Updates
7.4 Element Six
7.4.1 Element Six Tungsten Carbide Company Information
7.4.2 Element Six Tungsten Carbide Product Portfolio
7.4.3 Element Six Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Element Six Main Business and Markets Served
7.4.5 Element Six Recent Developments/Updates
7.5 Jiangxi Yaosheng
7.5.1 Jiangxi Yaosheng Tungsten Carbide Company Information
7.5.2 Jiangxi Yaosheng Tungsten Carbide Product Portfolio
7.5.3 Jiangxi Yaosheng Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Jiangxi Yaosheng Main Business and Markets Served
7.5.5 Jiangxi Yaosheng Recent Developments/Updates
7.6 GuangDong XiangLu Tungsten
7.6.1 GuangDong XiangLu Tungsten Tungsten Carbide Company Information
7.6.2 GuangDong XiangLu Tungsten Tungsten Carbide Product Portfolio
7.6.3 GuangDong XiangLu Tungsten Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.6.4 GuangDong XiangLu Tungsten Main Business and Markets Served
7.6.5 GuangDong XiangLu Tungsten Recent Developments/Updates
7.7 Chongyi Zhangyyuan Tungsten
7.7.1 Chongyi Zhangyyuan Tungsten Tungsten Carbide Company Information
7.7.2 Chongyi Zhangyyuan Tungsten Tungsten Carbide Product Portfolio
7.7.3 Chongyi Zhangyyuan Tungsten Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Chongyi Zhangyyuan Tungsten Main Business and Markets Served
7.7.5 Chongyi Zhangyyuan Tungsten Recent Developments/Updates
7.8 Plansee (GTP)
7.8.1 Plansee (GTP) Tungsten Carbide Company Information
7.8.2 Plansee (GTP) Tungsten Carbide Product Portfolio
7.8.3 Plansee (GTP) Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Plansee (GTP) Main Business and Markets Served
7.8.5 Plansee (GTP) Recent Developments/Updates
7.9 JXTC
7.9.1 JXTC Tungsten Carbide Company Information
7.9.2 JXTC Tungsten Carbide Product Portfolio
7.9.3 JXTC Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.9.4 JXTC Main Business and Markets Served
7.9.5 JXTC Recent Developments/Updates
7.10 Japan New Metals
7.10.1 Japan New Metals Tungsten Carbide Company Information
7.10.2 Japan New Metals Tungsten Carbide Product Portfolio
7.10.3 Japan New Metals Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Japan New Metals Main Business and Markets Served
7.10.5 Japan New Metals Recent Developments/Updates
7.11 AST (India)
7.11.1 AST (India) Tungsten Carbide Company Information
7.11.2 AST (India) Tungsten Carbide Product Portfolio
7.11.3 AST (India) Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.11.4 AST (India) Main Business and Markets Served
7.11.5 AST (India) Recent Developments/Updates
7.12 Kohsei Co Ltd
7.12.1 Kohsei Co Ltd Tungsten Carbide Company Information
7.12.2 Kohsei Co Ltd Tungsten Carbide Product Portfolio
7.12.3 Kohsei Co Ltd Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Kohsei Co Ltd Main Business and Markets Served
7.12.5 Kohsei Co Ltd Recent Developments/Updates
7.13 ALMT Corp
7.13.1 ALMT Corp Tungsten Carbide Company Information
7.13.2 ALMT Corp Tungsten Carbide Product Portfolio
7.13.3 ALMT Corp Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.13.4 ALMT Corp Main Business and Markets Served
7.13.5 ALMT Corp Recent Developments/Updates
7.14 Kennametal
7.14.1 Kennametal Tungsten Carbide Company Information
7.14.2 Kennametal Tungsten Carbide Product Portfolio
7.14.3 Kennametal Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Kennametal Main Business and Markets Served
7.14.5 Kennametal Recent Developments/Updates
7.15 H.C.Starck
7.15.1 H.C.Starck Tungsten Carbide Company Information
7.15.2 H.C.Starck Tungsten Carbide Product Portfolio
7.15.3 H.C.Starck Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.15.4 H.C.Starck Main Business and Markets Served
7.15.5 H.C.Starck Recent Developments/Updates
7.16 TaeguTec Ltd
7.16.1 TaeguTec Ltd Tungsten Carbide Company Information
7.16.2 TaeguTec Ltd Tungsten Carbide Product Portfolio
7.16.3 TaeguTec Ltd Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.16.4 TaeguTec Ltd Main Business and Markets Served
7.16.5 TaeguTec Ltd Recent Developments/Updates
7.17 Wolfram Company JSC (Russia)
7.17.1 Wolfram Company JSC (Russia) Tungsten Carbide Company Information
7.17.2 Wolfram Company JSC (Russia) Tungsten Carbide Product Portfolio
7.17.3 Wolfram Company JSC (Russia) Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Wolfram Company JSC (Russia) Main Business and Markets Served
7.17.5 Wolfram Company JSC (Russia) Recent Developments/Updates
7.18 Buffalo Tungsten
7.18.1 Buffalo Tungsten Tungsten Carbide Company Information
7.18.2 Buffalo Tungsten Tungsten Carbide Product Portfolio
7.18.3 Buffalo Tungsten Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Buffalo Tungsten Main Business and Markets Served
7.18.5 Buffalo Tungsten Recent Developments/Updates
7.19 Eurotungstene
7.19.1 Eurotungstene Tungsten Carbide Company Information
7.19.2 Eurotungstene Tungsten Carbide Product Portfolio
7.19.3 Eurotungstene Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Eurotungstene Main Business and Markets Served
7.19.5 Eurotungstene Recent Developments/Updates
7.20 Lineage Alloys
7.20.1 Lineage Alloys Tungsten Carbide Company Information
7.20.2 Lineage Alloys Tungsten Carbide Product Portfolio
7.20.3 Lineage Alloys Tungsten Carbide Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Lineage Alloys Main Business and Markets Served
7.20.5 Lineage Alloys Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Tungsten Carbide Industry Chain Analysis
8.2 Tungsten Carbide Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Tungsten Carbide Production Mode & Process Analysis
8.4 Tungsten Carbide Sales and Marketing
8.4.1 Tungsten Carbide Sales Channels
8.4.2 Tungsten Carbide Distributors
8.5 Tungsten Carbide Customer Analysis
9 Tungsten Carbide Market Dynamics
9.1 Tungsten Carbide Industry Trends
9.2 Tungsten Carbide Market Drivers
9.3 Tungsten Carbide Market Challenges
9.4 Tungsten Carbide Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of TablesList of Tables
Table 1. Global Tungsten Carbide Market Value by Type, (US$ Million) & (2024 VS 2031)
Table 2. Global Tungsten Carbide Market Value by Application, (US$ Million) & (2024 VS 2031)
Table 3. Global Tungsten Carbide Production Capacity (MT) by Manufacturers in 2024
Table 4. Global Tungsten Carbide Production by Manufacturers (2020-2025) & (MT)
Table 5. Global Tungsten Carbide Production Market Share by Manufacturers (2020-2025)
Table 6. Global Tungsten Carbide Production Value by Manufacturers (2020-2025) & (US$ Million)
Table 7. Global Tungsten Carbide Production Value Share by Manufacturers (2020-2025)
Table 8. Global Key Players of Tungsten Carbide, Industry Ranking, 2023 VS 2024
Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Tungsten Carbide as of 2024)
Table 10. Global Market Tungsten Carbide Average Price by Manufacturers (K US$/MT) & (2020-2025)
Table 11. Global Key Manufacturers of Tungsten Carbide, Manufacturing Base Distribution and Headquarters
Table 12. Global Key Manufacturers of Tungsten Carbide, Product Offered and Application
Table 13. Global Key Manufacturers of Tungsten Carbide, Date of Enter into This Industry
Table 14. Global Tungsten Carbide Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15. Mergers & Acquisitions, Expansion Plans
Table 16. Global Tungsten Carbide Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 17. Global Tungsten Carbide Production Value (US$ Million) by Region (2020-2025)
Table 18. Global Tungsten Carbide Production Value Market Share by Region (2020-2025)
Table 19. Global Tungsten Carbide Production Value (US$ Million) Forecast by Region (2026-2031)
Table 20. Global Tungsten Carbide Production Value Market Share Forecast by Region (2026-2031)
Table 21. Global Tungsten Carbide Production Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Table 22. Global Tungsten Carbide Production (MT) by Region (2020-2025)
Table 23. Global Tungsten Carbide Production Market Share by Region (2020-2025)
Table 24. Global Tungsten Carbide Production (MT) Forecast by Region (2026-2031)
Table 25. Global Tungsten Carbide Production Market Share Forecast by Region (2026-2031)
Table 26. Global Tungsten Carbide Market Average Price (K US$/MT) by Region (2020-2025)
Table 27. Global Tungsten Carbide Market Average Price (K US$/MT) by Region (2026-2031)
Table 28. Global Tungsten Carbide Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MT)
Table 29. Global Tungsten Carbide Consumption by Region (2020-2025) & (MT)
Table 30. Global Tungsten Carbide Consumption Market Share by Region (2020-2025)
Table 31. Global Tungsten Carbide Forecasted Consumption by Region (2026-2031) & (MT)
Table 32. Global Tungsten Carbide Forecasted Consumption Market Share by Region (2026-2031)
Table 33. North America Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 34. North America Tungsten Carbide Consumption by Country (2020-2025) & (MT)
Table 35. North America Tungsten Carbide Consumption by Country (2026-2031) & (MT)
Table 36. Europe Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 37. Europe Tungsten Carbide Consumption by Country (2020-2025) & (MT)
Table 38. Europe Tungsten Carbide Consumption by Country (2026-2031) & (MT)
Table 39. Asia Pacific Tungsten Carbide Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MT)
Table 40. Asia Pacific Tungsten Carbide Consumption by Region (2020-2025) & (MT)
Table 41. Asia Pacific Tungsten Carbide Consumption by Region (2026-2031) & (MT)
Table 42. Latin America, Middle East & Africa Tungsten Carbide Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 43. Latin America, Middle East & Africa Tungsten Carbide Consumption by Country (2020-2025) & (MT)
Table 44. Latin America, Middle East & Africa Tungsten Carbide Consumption by Country (2026-2031) & (MT)
Table 45. Global Tungsten Carbide Production (MT) by Type (2020-2025)
Table 46. Global Tungsten Carbide Production (MT) by Type (2026-2031)
Table 47. Global Tungsten Carbide Production Market Share by Type (2020-2025)
Table 48. Global Tungsten Carbide Production Market Share by Type (2026-2031)
Table 49. Global Tungsten Carbide Production Value (US$ Million) by Type (2020-2025)
Table 50. Global Tungsten Carbide Production Value (US$ Million) by Type (2026-2031)
Table 51. Global Tungsten Carbide Production Value Market Share by Type (2020-2025)
Table 52. Global Tungsten Carbide Production Value Market Share by Type (2026-2031)
Table 53. Global Tungsten Carbide Price (K US$/MT) by Type (2020-2025)
Table 54. Global Tungsten Carbide Price (K US$/MT) by Type (2026-2031)
Table 55. Global Tungsten Carbide Production (MT) by Application (2020-2025)
Table 56. Global Tungsten Carbide Production (MT) by Application (2026-2031)
Table 57. Global Tungsten Carbide Production Market Share by Application (2020-2025)
Table 58. Global Tungsten Carbide Production Market Share by Application (2026-2031)
Table 59. Global Tungsten Carbide Production Value (US$ Million) by Application (2020-2025)
Table 60. Global Tungsten Carbide Production Value (US$ Million) by Application (2026-2031)
Table 61. Global Tungsten Carbide Production Value Market Share by Application (2020-2025)
Table 62. Global Tungsten Carbide Production Value Market Share by Application (2026-2031)
Table 63. Global Tungsten Carbide Price (K US$/MT) by Application (2020-2025)
Table 64. Global Tungsten Carbide Price (K US$/MT) by Application (2026-2031)
Table 65. Sandvik Tungsten Carbide Company Information
Table 66. Sandvik Tungsten Carbide Specification and Application
Table 67. Sandvik Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 68. Sandvik Main Business and Markets Served
Table 69. Sandvik Recent Developments/Updates
Table 70. Xiamen Tungsten Tungsten Carbide Company Information
Table 71. Xiamen Tungsten Tungsten Carbide Specification and Application
Table 72. Xiamen Tungsten Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 73. Xiamen Tungsten Main Business and Markets Served
Table 74. Xiamen Tungsten Recent Developments/Updates
Table 75. China Minmetals Corporation Tungsten Carbide Company Information
Table 76. China Minmetals Corporation Tungsten Carbide Specification and Application
Table 77. China Minmetals Corporation Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 78. China Minmetals Corporation Main Business and Markets Served
Table 79. China Minmetals Corporation Recent Developments/Updates
Table 80. Element Six Tungsten Carbide Company Information
Table 81. Element Six Tungsten Carbide Specification and Application
Table 82. Element Six Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 83. Element Six Main Business and Markets Served
Table 84. Element Six Recent Developments/Updates
Table 85. Jiangxi Yaosheng Tungsten Carbide Company Information
Table 86. Jiangxi Yaosheng Tungsten Carbide Specification and Application
Table 87. Jiangxi Yaosheng Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 88. Jiangxi Yaosheng Main Business and Markets Served
Table 89. Jiangxi Yaosheng Recent Developments/Updates
Table 90. GuangDong XiangLu Tungsten Tungsten Carbide Company Information
Table 91. GuangDong XiangLu Tungsten Tungsten Carbide Specification and Application
Table 92. GuangDong XiangLu Tungsten Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 93. GuangDong XiangLu Tungsten Main Business and Markets Served
Table 94. GuangDong XiangLu Tungsten Recent Developments/Updates
Table 95. Chongyi Zhangyyuan Tungsten Tungsten Carbide Company Information
Table 96. Chongyi Zhangyyuan Tungsten Tungsten Carbide Specification and Application
Table 97. Chongyi Zhangyyuan Tungsten Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 98. Chongyi Zhangyyuan Tungsten Main Business and Markets Served
Table 99. Chongyi Zhangyyuan Tungsten Recent Developments/Updates
Table 100. Plansee (GTP) Tungsten Carbide Company Information
Table 101. Plansee (GTP) Tungsten Carbide Specification and Application
Table 102. Plansee (GTP) Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 103. Plansee (GTP) Main Business and Markets Served
Table 104. Plansee (GTP) Recent Developments/Updates
Table 105. JXTC Tungsten Carbide Company Information
Table 106. JXTC Tungsten Carbide Specification and Application
Table 107. JXTC Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 108. JXTC Main Business and Markets Served
Table 109. JXTC Recent Developments/Updates
Table 110. Japan New Metals Tungsten Carbide Company Information
Table 111. Japan New Metals Tungsten Carbide Specification and Application
Table 112. Japan New Metals Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 113. Japan New Metals Main Business and Markets Served
Table 114. Japan New Metals Recent Developments/Updates
Table 115. AST (India) Tungsten Carbide Company Information
Table 116. AST (India) Tungsten Carbide Specification and Application
Table 117. AST (India) Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 118. AST (India) Main Business and Markets Served
Table 119. AST (India) Recent Developments/Updates
Table 120. Kohsei Co Ltd Tungsten Carbide Company Information
Table 121. Kohsei Co Ltd Tungsten Carbide Specification and Application
Table 122. Kohsei Co Ltd Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 123. Kohsei Co Ltd Main Business and Markets Served
Table 124. Kohsei Co Ltd Recent Developments/Updates
Table 125. ALMT Corp Tungsten Carbide Company Information
Table 126. ALMT Corp Tungsten Carbide Specification and Application
Table 127. ALMT Corp Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 128. ALMT Corp Main Business and Markets Served
Table 129. ALMT Corp Recent Developments/Updates
Table 130. Kennametal Tungsten Carbide Company Information
Table 131. Kennametal Tungsten Carbide Specification and Application
Table 132. Kennametal Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 133. Kennametal Main Business and Markets Served
Table 134. Kennametal Recent Developments/Updates
Table 135. H.C.Starck Tungsten Carbide Company Information
Table 136. H.C.Starck Tungsten Carbide Specification and Application
Table 137. H.C.Starck Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 138. H.C.Starck Main Business and Markets Served
Table 139. H.C.Starck Recent Developments/Updates
Table 140. TaeguTec Ltd Tungsten Carbide Company Information
Table 141. TaeguTec Ltd Tungsten Carbide Specification and Application
Table 142. TaeguTec Ltd Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 143. TaeguTec Ltd Main Business and Markets Served
Table 144. TaeguTec Ltd Recent Developments/Updates
Table 145. Wolfram Company JSC (Russia) Tungsten Carbide Company Information
Table 146. Wolfram Company JSC (Russia) Tungsten Carbide Specification and Application
Table 147. Wolfram Company JSC (Russia) Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 148. Wolfram Company JSC (Russia) Main Business and Markets Served
Table 149. Wolfram Company JSC (Russia) Recent Developments/Updates
Table 150. Buffalo Tungsten Tungsten Carbide Company Information
Table 151. Buffalo Tungsten Tungsten Carbide Specification and Application
Table 152. Buffalo Tungsten Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 153. Buffalo Tungsten Main Business and Markets Served
Table 154. Buffalo Tungsten Recent Developments/Updates
Table 155. Eurotungstene Tungsten Carbide Company Information
Table 156. Eurotungstene Tungsten Carbide Specification and Application
Table 157. Eurotungstene Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 158. Eurotungstene Main Business and Markets Served
Table 159. Eurotungstene Recent Developments/Updates
Table 160. Lineage Alloys Tungsten Carbide Company Information
Table 161. Lineage Alloys Tungsten Carbide Specification and Application
Table 162. Lineage Alloys Tungsten Carbide Production (MT), Value (US$ Million), Price (K US$/MT) and Gross Margin (2020-2025)
Table 163. Lineage Alloys Main Business and Markets Served
Table 164. Lineage Alloys Recent Developments/Updates
Table 165. Key Raw Materials Lists
Table 166. Raw Materials Key Suppliers Lists
Table 167. Tungsten Carbide Distributors List
Table 168. Tungsten Carbide Customers List
Table 169. Tungsten Carbide Market Trends
Table 170. Tungsten Carbide Market Drivers
Table 171. Tungsten Carbide Market Challenges
Table 172. Tungsten Carbide Market Restraints
Table 173. Research Programs/Design for This Report
Table 174. Key Data Information from Secondary Sources
Table 175. Key Data Information from Primary Sources
Table 176. Authors List of This Report
List of Figures
Figure 1. Product Picture of Tungsten Carbide
Figure 2. Global Tungsten Carbide Market Value by Type, (US$ Million) & (2020-2031)
Figure 3. Global Tungsten Carbide Market Share by Type: 2024 VS 2031
Figure 4. Grain Sizes Up to 1 µm Product Picture
Figure 5. Grain Sizes 1-10 µm Product Picture
Figure 6. Grain Sizes Above 10 µm Product Picture
Figure 7. Others Product Picture
Figure 8. Global Tungsten Carbide Market Value by Application, (US$ Million) & (2020-2031)
Figure 9. Global Tungsten Carbide Market Share by Application: 2024 VS 2031
Figure 10. Machine Tools and Components
Figure 11. Cutting Tools
Figure 12. Dies and Punches
Figure 13. Others
Figure 14. Global Tungsten Carbide Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 15. Global Tungsten Carbide Production Value (US$ Million) & (2020-2031)
Figure 16. Global Tungsten Carbide Production Capacity (MT) & (2020-2031)
Figure 17. Global Tungsten Carbide Production (MT) & (2020-2031)
Figure 18. Global Tungsten Carbide Average Price (K US$/MT) & (2020-2031)
Figure 19. Tungsten Carbide Report Years Considered
Figure 20. Tungsten Carbide Production Share by Manufacturers in 2024
Figure 21. Global Tungsten Carbide Production Value Share by Manufacturers (2024)
Figure 22. Tungsten Carbide Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 23. The Global 5 and 10 Largest Players: Market Share by Tungsten Carbide Revenue in 2024
Figure 24. Global Tungsten Carbide Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 25. Global Tungsten Carbide Production Value Market Share by Region: 2020 VS 2024 VS 2031
Figure 26. Global Tungsten Carbide Production Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Figure 27. Global Tungsten Carbide Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 28. North America Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 29. Europe Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 30. China Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 31. Japan Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 32. South Korea Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 33. India Tungsten Carbide Production Value (US$ Million) Growth Rate (2020-2031)
Figure 34. Global Tungsten Carbide Consumption by Region: 2020 VS 2024 VS 2031 (MT)
Figure 35. Global Tungsten Carbide Consumption Market Share by Region: 2020 VS 2024 VS 2031
Figure 36. North America Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 37. North America Tungsten Carbide Consumption Market Share by Country (2020-2031)
Figure 38. U.S. Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 39. Canada Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 40. Europe Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 41. Europe Tungsten Carbide Consumption Market Share by Country (2020-2031)
Figure 42. Germany Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 43. France Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 44. U.K. Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 45. Italy Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 46. Russia Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 47. Asia Pacific Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 48. Asia Pacific Tungsten Carbide Consumption Market Share by Region (2020-2031)
Figure 49. China Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 50. Japan Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 51. South Korea Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 52. China Taiwan Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 53. Southeast Asia Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 54. India Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 55. Latin America, Middle East & Africa Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 56. Latin America, Middle East & Africa Tungsten Carbide Consumption Market Share by Country (2020-2031)
Figure 57. Mexico Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 58. Brazil Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 59. Turkey Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 60. GCC Countries Tungsten Carbide Consumption and Growth Rate (2020-2031) & (MT)
Figure 61. Global Production Market Share of Tungsten Carbide by Type (2020-2031)
Figure 62. Global Production Value Market Share of Tungsten Carbide by Type (2020-2031)
Figure 63. Global Tungsten Carbide Price (K US$/MT) by Type (2020-2031)
Figure 64. Global Production Market Share of Tungsten Carbide by Application (2020-2031)
Figure 65. Global Production Value Market Share of Tungsten Carbide by Application (2020-2031)
Figure 66. Global Tungsten Carbide Price (K US$/MT) by Application (2020-2031)
Figure 67. Tungsten Carbide Value Chain
Figure 68. Channels of Distribution (Direct Vs Distribution)
Figure 69. Bottom-up and Top-down Approaches for This Report
Figure 70. Data Triangulation
Published By : QY Research
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