Cemented Carbide Rod (Tungsten Carbide Rod) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Cemented Carbide Rod (Tungsten Carbide Rod) Market Size

The global market for Cemented Carbide Rods was valued at US$ 581 million in the year 2024 and is projected to reach a revised size of US$ 761 million by 2031, growing at a CAGR of 3.9% during the forecast period.

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Cemented carbide rods are a kind of consumables in manufacturing and mining, usually referring to tungsten-based cemented carbide. Most of the downstream is used in cutting tool manufacturing, which accounts for nearly 50%, and the rest is abrasives and mining tools. From its characteristics, cemented carbide has high hardness and toughness, which can well meet the requirements of hardness, wear resistance, impact resistance and other properties in manufacturing and mining applications. Globally, cemented carbide rod companies are mainly distributed in the United States, Europe, China, Japan and other countries. The main core companies are Sumitomo Electric, Iljin Diamond, CERATIZIT, Xiamen GESAC, Hyperion Materials & Technologies, etc. The top 5 companies have a share of nearly 30%, and the market is relatively fragmented.

By Type
• General Purpose Rods
• Special Purpose Rods

By Application
• Cutting Tools
• Metal Cutting Tools
• Oil Extraction Tools
• Automobiles
• Abrasives

Key Companies
Sumitomo Electric Industries, CERATIZIT, AXISMATERIA, Iljin Diamond, Konrad Friedrichs GmbH, CY Carbide, Nanchang Cemented Carbide, Sinter Sud S.P.A., Xiamen GESAC, Hyperion Materials & Technologies, Ganzhou CF Tungsten, Nippon Tokushu Goukin, Ultra Carbide LLC, Suzhou Shareate, Zhuzhou Cemented Carbides Group Co, Xiamen Toonney, Baoji Tianbo Metal Material, Mmc Ryotec Corporation, Nihon Hard Metal Co., Ltd

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