Market Overview:
The global tungsten carbide powder (WC) market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for tungsten carbide powder from various end-use industries, such as electronic industry, iron and steel industry, nonferrous metals industry and others. In terms of volume, Asia Pacific is expected to lead the global tungsten carbide powder (WC) market during the forecast period. Based on type, common type segment is estimated to account for a major share of the global tungsten carbide powder (WC) market in 2018. However, polycapillary type segment is projected to grow at a higher CAGR during the forecast period owing to its properties such as high strength and hardness coupled with good wear resistance. Based on application, electronic industry segment accounted for majority share of total revenue generated by tungsten carbide powder (WC) in 2017 and it is projected that this trend would continue over next few years also.
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Product Definition:
A powder composed of tungsten carbide (WC) and cobalt (Co), used as an abrasive, in tooling, and as a component in some alloys.
Common Type:
The common type is the largest and most dominant tungsten carbide powder manufacturing technology. It is also called as wet process or a continuous process. The WC production by this method has reached more than 95% globally, with high production capacity in China (1,500 kilotons per year), followed by India (300-400 kilotons per year).
This technology uses water as a reactant to produce tungsten carbide powder which has higher melting point.
Polycapillary Type:
Polycapillary type is a new technology developed by DuPont for WC production. It is an integrated process, which combines the functions of capillaries and pipes in one continuous structure. The polycapillary membrane acts as a filter, separation device, conveyor belt and storage facility all in one.
The advantages of this technology are that it provides high productivity at low operating costs; it minimizes energy usage; there is less waste material produced during the process;.
Application Insights:
Electronic industry was the largest application segment in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2030. Increasing demand for tungsten carbide powder in manufacturing semiconductors, which are used in electronic devices, is expected to drive the product demand over the forecast period.
Tungsten carbide powder has high potential as an abrasive material that can be used across multiple industries including iron and steel industry, nonferrous metals industry, construction materials market etc. The product offers good wear resistance and low friction compared with other abrasive materials such as silicon steel or diamond dusts; this makes it suitable for grinding & crushing operations across various industries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from end-use industries such as iron and steel, nonferrous metals, electronics, etc. China is one of the largest producers of tungsten carbide powder globally owing to availability of raw materials at a low cost coupled with easy accessibility to labor and capital.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to increasing investments by foreign players for exploration & production (E&P) activities in countries such as Oman and Saudi Arabia. Furthermore, growing construction industry due to rapid urbanization along with rising population will drive product demand across various applications in this region during the forecast period.
Growth Factors:
- Increasing demand from the automotive and aerospace industries due to its properties such as hardness, wear resistance and thermal stability.
- Growing demand for tungsten carbide powder in cutting tools, drill bits and other machining applications due to its superior wear resistance properties as compared to other materials such as steel and aluminum.
- Rising popularity of tungsten carbide powder in metal matrix composites (MMCs) owing to its excellent mechanical properties including high strength-to-weight ratio and stiffness-to-weight ratio.
- Increasing use of tungsten carbide powder in medical implants and prostheses due to its biocompatibility characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Carbide Powder (WC) Market Research Report
By Type
Common Type, Polycapillary Type
By Application
Electronic Industry, Iron and Steel Industry, Nonferrous Metals Industry, Others
By Companies
Hitachi High-Tech Science, Oxford Instruments, Fischer Technology, Micro Pioneer, ISP Co, Bowman Analytics, Densoku, Jiangsu Skyray Instrument, Shanghai Jingpu, Heleex
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Carbide Powder (WC) Market Report Segments:
The global Tungsten Carbide Powder (WC) market is segmented on the basis of:
Types
Common Type, Polycapillary Type
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
Electronic Industry, Iron and Steel Industry, Nonferrous Metals Industry, 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:
- Hitachi High-Tech Science
- Oxford Instruments
- Fischer Technology
- Micro Pioneer
- ISP Co
- Bowman Analytics
- Densoku
- Jiangsu Skyray Instrument
- Shanghai Jingpu
- Heleex
 Market Overview.svg)
Highlights of The Tungsten Carbide Powder (WC) 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:
- Common Type
- Polycapillary Type
- By Application:
- Electronic Industry
- Iron and Steel Industry
- Nonferrous Metals Industry
- 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 Tungsten Carbide Powder (WC) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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?
Tungsten carbide powder is a very hard, dense material that is used in industrial applications. It can be used as a component in abrasives, cutting tools, and other products.
Some of the major companies in the tungsten carbide powder (wc) market are Hitachi High-Tech Science, Oxford Instruments, Fischer Technology, Micro Pioneer, ISP Co, Bowman Analytics, Densoku, Jiangsu Skyray Instrument, Shanghai Jingpu, Heleex.
The tungsten carbide powder (wc) market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tungsten Carbide Powder (WC) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tungsten Carbide Powder (WC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tungsten Carbide Powder (WC) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tungsten Carbide Powder (WC) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tungsten Carbide Powder (WC) Market Size & Forecast, 2020-2028
4.5.1 Tungsten Carbide Powder (WC) Market Size and Y-o-Y Growth
4.5.2 Tungsten Carbide Powder (WC) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Common Type
5.2.2 Polycapillary Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronic Industry
6.2.2 Iron and Steel Industry
6.2.3 Nonferrous Metals Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tungsten Carbide Powder (WC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tungsten Carbide Powder (WC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Common Type
9.6.2 Polycapillary Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronic Industry
9.10.2 Iron and Steel Industry
9.10.3 Nonferrous Metals Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Common Type
10.6.2 Polycapillary Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronic Industry
10.10.2 Iron and Steel Industry
10.10.3 Nonferrous Metals Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Common Type
11.6.2 Polycapillary Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronic Industry
11.10.2 Iron and Steel Industry
11.10.3 Nonferrous Metals Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Common Type
12.6.2 Polycapillary Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronic Industry
12.10.2 Iron and Steel Industry
12.10.3 Nonferrous Metals Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Common Type
13.6.2 Polycapillary Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronic Industry
13.10.2 Iron and Steel Industry
13.10.3 Nonferrous Metals Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tungsten Carbide Powder (WC) Market: Competitive Dashboard
14.2 Global Tungsten Carbide Powder (WC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi High-Tech Science
14.3.2 Oxford Instruments
14.3.3 Fischer Technology
14.3.4 Micro Pioneer
14.3.5 ISP Co
14.3.6 Bowman Analytics
14.3.7 Densoku
14.3.8 Jiangsu Skyray Instrument
14.3.9 Shanghai Jingpu
14.3.10 Heleex
