Global Tungsten Carbide Powder Market Overview, Market Size, Industry Growth Analysis And Forecast: 2026

Global Tungsten Carbide Powder is a chemical compound consisting of atoms of tungsten and carbide. The compound can be pressed and molded into different shapes and sizes for usage in cutting tools, industrial machinery, abrasives, jewelry, and other tools and equipment. Tungsten Carbide powder is characterized by high thermal conductivity, intense strength, and extreme stiffness. The powder formed is stored in sealed polythene lined steel drums. Micro grain tungsten carbide powder is employed for nozzles, end mills, and circuit board drills while the fine powder is used in cutting tools. The Global Tungsten Carbide Powder Market accounted for USD 15.22 million in 2019 and is projected to grow at a CAGR of 5.6 percent in the forecasted period from 2020 to 2026.

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Rapid urbanization and improved infrastructure to support the expansion of Global Tungsten Carbide Powder Market in the forecasted period

The rise in mining and construction activities, expansion of the transportation sector, development of engineering industries are some of the factors propelling the growth of the market and are expected to drive the expansion of the market in the forecasted period. In the mining and construction industry, the powders are employed in tunnel boring machines and roller cutters as they provide resistance from abrasion, wear and tear and improve the strength of materials. The powder is also widely used in jewelry to prevent them from getting scratched or tarnished easily.

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Asia-Pacific accounted for the largest contribution to the Global Tungsten Carbide Powder Market

North America, Europe, Asia-Pacific, and the Middle East and Africa are few of the key regions where the presence of Global Tungsten Carbide Powder Market can be witnessed.

Global Tungsten Carbide Powder Market: Key Market Players

Kennametal Inc (US), Extrament (Switzerland), Guangdong Xianglu Tungsten Co Ltd (China), Sandvik AB (Sweden), Federal Carbide Company (US), Japan New Metal Co. Ltd (Japan), Nanchang Cemented Carbide Co Ltd (China), China Tungsten Online (Xiamen), Manu & Sales Corp. (China), Jiangxi Yaosheng Tungsten Co. Ltd (China) and Eurotungstene (France) are few of the key market players in the Global Tungsten Carbide Power Market.