The global general purpose tungsten carbide powder market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for tungsten carbide powder in various applications such as machine tools and components, cutting tools, dies and punches, abrasive products. The global general purpose tungsten carbide powder market has been segmented on the basis of type (WC and W2C), application (machine tools & components, cutting tools, dies & punches, abrasive products) and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). The North American region accounted for the largest share in 2017 owing to high demand from various industries such as automotive industry which uses WC-based cutting tools for machining metal parts.
Some Of The Growth Factors Of This Market:
- The demand for tungsten carbide powder is expected to increase in the near future due to its use in the manufacturing of cutting tools, such as drills and milling cutters.
- Tungsten carbide powder is used in the production of high-speed steel, which is a material that has a high resistance to wear and abrasion.
- Tungsten carbide powder can be used as an abrasive material for polishing metal surfaces or removing paint from surfaces, which will lead to an increase in demand for this product over time.
- The price of tungsten carbide powder has been increasing steadily over the past few years due to increased global demand and limited supply from China, which was previously one of the world's largest producers of this product before it banned exports in 2016.
- The global market size for tungsten carbide powders was valued at $1 billion USD in 2017.
Industry Growth Insights published a new data on “General Purpose Tungsten Carbide Powder Market”. The research report is titled “General Purpose Tungsten Carbide Powder Market research by Types (WC, W2C), By Applications (Machine Tools & Components, Cutting Tools, Dies & Punches, Abrasive Products, Others), By Players/Companies Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet (Switzerland), Federal Carbide Company (U.S.), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), OMCD SpA(Italy), Specialty Metals Resources SA(Belgium), TaeguTec Ltd(Korea Republic), Japan New Metal Co., Ltd. (Japan), Eurotungstene (France)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
General Purpose Tungsten Carbide Powder Market Research Report
By Type
WC, W2C
By Application
Machine Tools & Components, Cutting Tools, Dies & Punches, Abrasive Products, Others
By Companies
Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet (Switzerland), Federal Carbide Company (U.S.), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), OMCD SpA(Italy), Specialty Metals Resources SA(Belgium), TaeguTec Ltd(Korea Republic), Japan New Metal Co., Ltd. (Japan), Eurotungstene (France)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global General Purpose Tungsten Carbide Powder Market Report Segments:
The global General Purpose Tungsten Carbide Powder market is segmented on the basis of:
Types
WC, W2C
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machine Tools & Components, Cutting Tools, Dies & Punches, Abrasive Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sandvik AB (Sweden)
- Kennametal Inc. (U.S.)
- Ceratizit S.A. (Luxembourg)
- Extramet (Switzerland)
- Federal Carbide Company (U.S.)
- Guangdong Xianglu Tungsten Co., Ltd. (China)
- Nanchang Cemented Carbide Co., Ltd. (China)
- Jiangxi Yaosheng Tungsten Co., Ltd. (China)
- OMCD SpA(Italy)
- Specialty Metals Resources SA(Belgium)
- TaeguTec Ltd(Korea Republic)
- Japan New Metal Co., Ltd. (Japan)
- Eurotungstene (France)
Highlights of The General Purpose Tungsten Carbide Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- WC
- W2C
- By Application:
- Machine Tools & Components
- Cutting Tools
- Dies & Punches
- Abrasive Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the General Purpose Tungsten Carbide Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
General purpose tungsten carbide powder is a type of abrasive that is used in a variety of industries. It can be used to remove material from surfaces, and it has a high degree of wear resistance.
Some of the major players in the general purpose tungsten carbide powder market are Sandvik AB (Sweden), Kennametal Inc. (U.S.), Ceratizit S.A. (Luxembourg), Extramet (Switzerland), Federal Carbide Company (U.S.), Guangdong Xianglu Tungsten Co., Ltd. (China), Nanchang Cemented Carbide Co., Ltd. (China), Jiangxi Yaosheng Tungsten Co., Ltd. (China), OMCD SpA(Italy), Specialty Metals Resources SA(Belgium), TaeguTec Ltd(Korea Republic), Japan New Metal Co., Ltd. (Japan), Eurotungstene (France).
The general purpose tungsten carbide powder market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. General Purpose Tungsten Carbide Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. General Purpose Tungsten Carbide Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. General Purpose Tungsten Carbide Powder Market - Supply Chain
4.5. Global General Purpose Tungsten Carbide Powder Market Forecast
4.5.1. General Purpose Tungsten Carbide Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. General Purpose Tungsten Carbide Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. General Purpose Tungsten Carbide Powder Market Absolute $ Opportunity
5. Global General Purpose Tungsten Carbide Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
5.3.1. WC
5.3.2. W2C
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global General Purpose Tungsten Carbide Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
6.3.1. Machine Tools & Components
6.3.2. Cutting Tools
6.3.3. Dies & Punches
6.3.4. Abrasive Products
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global General Purpose Tungsten Carbide Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global General Purpose Tungsten Carbide Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global General Purpose Tungsten Carbide Powder Demand Share Forecast, 2019-2026
9. North America General Purpose Tungsten Carbide Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
9.4.1. Machine Tools & Components
9.4.2. Cutting Tools
9.4.3. Dies & Punches
9.4.4. Abrasive Products
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
9.7.1. WC
9.7.2. W2C
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America General Purpose Tungsten Carbide Powder Demand Share Forecast, 2019-2026
10. Latin America General Purpose Tungsten Carbide Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
10.4.1. Machine Tools & Components
10.4.2. Cutting Tools
10.4.3. Dies & Punches
10.4.4. Abrasive Products
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
10.7.1. WC
10.7.2. W2C
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America General Purpose Tungsten Carbide Powder Demand Share Forecast, 2019-2026
11. Europe General Purpose Tungsten Carbide Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
11.4.1. Machine Tools & Components
11.4.2. Cutting Tools
11.4.3. Dies & Punches
11.4.4. Abrasive Products
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
11.7.1. WC
11.7.2. W2C
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe General Purpose Tungsten Carbide Powder Demand Share, 2019-2026
12. Asia Pacific General Purpose Tungsten Carbide Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
12.4.1. Machine Tools & Components
12.4.2. Cutting Tools
12.4.3. Dies & Punches
12.4.4. Abrasive Products
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
12.7.1. WC
12.7.2. W2C
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific General Purpose Tungsten Carbide Powder Demand Share, 2019-2026
13. Middle East & Africa General Purpose Tungsten Carbide Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Application
13.4.1. Machine Tools & Components
13.4.2. Cutting Tools
13.4.3. Dies & Punches
13.4.4. Abrasive Products
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa General Purpose Tungsten Carbide Powder Market Size and Volume Forecast by Type
13.7.1. WC
13.7.2. W2C
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa General Purpose Tungsten Carbide Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global General Purpose Tungsten Carbide Powder Market: Market Share Analysis
14.2. General Purpose Tungsten Carbide Powder Distributors and Customers
14.3. General Purpose Tungsten Carbide Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik AB (Sweden)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kennametal Inc. (U.S.)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ceratizit S.A. (Luxembourg)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Extramet (Switzerland)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Federal Carbide Company (U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Guangdong Xianglu Tungsten Co., Ltd. (China)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nanchang Cemented Carbide Co., Ltd. (China)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangxi Yaosheng Tungsten Co., Ltd. (China)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OMCD SpA(Italy)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Specialty Metals Resources SA(Belgium)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TaeguTec Ltd(Korea Republic)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Japan New Metal Co., Ltd. (Japan)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eurotungstene (France)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook