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Tungsten Carbide Powder Market

P&S Market Research-Tungsten Carbide Powder Market report

Global Tungsten Carbide Powder Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by Grade (Rotary Drilling and Mining, Metal Forming and Wear, Submicron Grades, Corrosion Resistant Grades, General Purpose Grades and others), Application (Machine Tools and Components, Cutting Tools, Dies and Punches, Abrasive Products and Others), End-Use Industry (Mining and Construction, Industrial Engineering, Transportation, Oil and Gas, Aerospace and Defense and Others)

Delivery : 24-72 Working Hours
Report Code: CM11025
Available Format: pdf

Market Overview

Tungsten carbide powder is produced by the carburization of tungsten carbide powder and a range of powder qualities in regard to average particle size (0.15–12µm) is produced. The conventional process of carburisation in the global tungsten carbide powder market comprises mixing of the tungsten carbide powder of desired particle size with high purity carbon (lamp black or graphite) and reacting at temperatures between 1,300 to 1,600°C in hydrogen atmosphere.  The average particle size and particle size distribution of the original tungsten carbide powder determine size and distribution of the WC powder.

The final carbon content of the WC Powder depends on the production mode of the hard metal producer and varies from slightly sub-stoichiometric to stoichiometric (6.13% C) to slightly over-stoichiometric.  The tungsten carbide powder also depends on the average particle size, particle size distribution, apparent (bulk) density and homogeneity.

High temperature carburised WC powders (1,700–2,200 °C) are usually coarse 10 to 50µm though the percentage production is less. Tungsten carbide powder is packaged in sealed polyethylene-lined steel drums.

It comprises of equal parts of carbon and tungsten atoms. They are available as a fine gray powder. Tungsten carbide powder can be pressed to form different shapes for use in abrasives, cutting tools, armor-piercing rounds, industrial machinery, instruments, jewelry and other tools. It is about two times stiffer than steel. It is known to be much denser than steel or titanium. They have a stiffness of about 550 GPa as per measured using Young’s modulus. The hardness of the product can be compared with ruby, sapphire or corundum. It can be polished or finished using abrasives that have superior hardness.

Tungsten carbide powder find applications in machine tools and components, cutting tools, dies and punches, abrasive products and others. They also find applications in varied end use industry such as mining and construction, industrial engineering, transportation, oil and gas, aerospace and defence and others. Tungsten carbide cutting surfaces are used in the machineries through material such as stainless steel and carbon steel. Tungsten carbide is used in tools that are at higher risk of getting worn off. They are widely used in high quantity production runs. Tungsten carbide powder, when used in manufacturing several cutting tools offer better finish on parts and also provides high temperature resistance which in turn helps in achieving faster machining. Owing to the superior properties of finished products many manufacturers are using the powder to manufacture a wide range of cutting tools. Tungsten carbide powder is also used to manufacture ammunition.

Market Dynamics

The global tungsten carbide powder market is expected to witness a growth during the forecast period (2017-2023). This is due to the rise in demand in various end use industries such as mining and construction, industrial engineering and transportation industries. Based on grade, the rotary drilling and mining grade segment projected to be the largest growing market during the forecast period. Based on application, the machine tools and components segment is projected to be the largest growing segment of the global tungsten carbide powder market during the forecast period. mining and construction is expected to be largest growing end-use industry during the forecast period.

Trends

The key trends observed in the global tungsten carbide powder market are recent developments towards improvising the properties of the tungsten carbide powder. Owing to its superior qualities such as high tensile strength, high modulus strength, the manufacturers are focusing on enhancing the properties of tungsten carbide powder.

Growth Drivers

The key drivers for the global tungsten carbide powder market is the increasing adoption of the powder for developing various components such as nozzles, inserts, rods, sheets, buttons, bits, tips, strips and balls, for various end-use industries during the forecast period.

Rotary drilling and mining segment is expected to project a significant growth owing to the superior impact resistance, stiffness and its high-performance ability towards working in severe conditions. Additionally, the rapid demand for the tungsten carbide powder market can be attributed towards the increasing oil and gas exploration activities and rising government spending towards the development of infrastructures.

The tungsten carbide powder market in Asia-Pacific is expected to be the largest growing market during the forecast period. This is due to the high economic growth rate of countries in the Asia-Pacific region such as China, Japan and India and investments made across various industries such as mining and construction, automotive, oil and gas and aerospace and defense.

Restraints

The major factors challenging the growth of the global tungsten carbide powder market include slow economic recovery of European countries and the oversupply of tungsten carbide powder by China.

Competitive Landscape

The major companies operating in the global tungsten carbide powder market are Sandvik AB, Kennametal Inc., Ceratizit S.A, Extramet, Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd., Nanchang Cemented Carbide Co., Ltd., Jiangxi Yaosheng Tungsten Co., Ltd., Japan New Metal Co., Ltd., China Tungsten Online (Xiamen) Manu. & Sales Corp. and Eurotungstene 

Market Segmentation

By Grade

  • Rotary drilling and mining
  • Metal forming and wear
  • Submicron
  • Corrosion resistant
  • General purpose
  • Others

By Application

  • Machine tools and components
  • Cutting tools
  • Dies and punches
  • Abrasive products
  • Others

By End-Use Industry

  • Mining and construction
  • Industrial engineering
  • Transportation
  • Oil and gas
  • Aerospace and defense
  • Others

By Region

  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Rest of Asia-Pacific
  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • Germany
    • Switzerland
    • Austria
    • France
    • U.K.
    • Italy
    • Russia
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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