Press release
Global Tungsten Carbide Market: Competitive Dynamics & Global Outlook 2025 - QY Research
The increasing demand from the mining and construction industries is one of the primary growth factors for this market. The growing mining and construction industries in developing countries, especially in China, India, Malaysia, and Japan and the increasing urbanization will boost the demand for the?construction?of residential and commercial buildings during the forecast period. This is estimated to drive the growth prospects of this global market since tungsten carbide is highly used by these industries due to its high toughness, strength, and durability to withstand harsh conditions.
The emerging applications of tungsten carbide is estimated to be one of the major trends that will gain traction in the tungsten carbide market in the coming years. in addition to its applications in?machine tools,?cutting tools, dies, punches, and abrasives, tungsten carbide also shows rich prospects in new emerging applications such as a reforming catalyst for the conversion of natural gas to hydrogen gas which is used in hydrogen-powered engines and fuel cells.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Tungsten Carbide in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Xiamen Tungsten
China Minmetals Corporation
GuangDong XiangLu Tungsten
DMEGC
Buffalo Tungsten
Eurotungstene
By the product type, the market is primarily split into
Tungsten Carbide Cobalt Class
Titanium Cobalt Tungsten Carbide
Titanium Tungsten Tantalum Carbide
By the end users/application, this report covers the following segments
Tool
Milling Cutter
Boring Cutter
Lathe
Bit
Others
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