Press release
Tungsten Carbide Metal Powder Market 2018-Rotary Drilling & Mining Grade Segment Command a Large Share Of The Tungsten Carbide Metal Powder Industry
The tungsten carbide metal powder is manufactured by solid carburization of tungsten powder. The powder is a polycrystalline material that is utilized in diamond tools as a harder as well as wear rate modifier. After this metal powder is mixed with cobalt and binder, tungsten carbide is pressed as well as sintered. A wide range or variety of tungsten carbide powders is available. In order to augment its quality, the metal powder is produced in large uniform batches with high purity, as well as uniform particle size by manufacturers of cemented tungsten carbide. The tungsten carbide powder is majorly used for various diamond tool applications. Owing to their low internal porosity coupled with high packing density leads to the formation of a tool with high wear resistance levels.
The Asia-Pacific region is expected to witness the swiftest growth in the tungsten carbide metal powder market. Factors such as high economic growth rate of economies in the Asia-Pacific region, and large investments being made across different industries, such as aerospace & defense, mining & construction, automotive and oil & gas and countries like China, India, and Japan being leading consumers of tungsten carbide powder in the Asia-Pacific region is propelling the growth of aerospace bearings market in the region.
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Major Industry Player’s
Ceratizit S.A., Sandvik AB, Japan New Metal Co., Ltd., Manu. & Sales Corp., Nanchang Cemented Carbide Co., Ltd., Kennametal Inc., Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd., Extramet, Jiangxi Yaosheng Tungsten Co., Ltd., China Tungsten Online and Eurotungstene.
Market Segments
The global tungsten carbide metal powder market can be classified based on grade, application, end-user and region. On the basis of grade, the global tungsten carbide metal powder market is classified into metal forming & wear grades, corrosion resistant grades, rotary drilling & mining grades, submicron grades, general purpose grades, and others grades. Depending upon application, it is segmented into abrasive, machine tools & components, cutting tools, dies & punches, and others. As per end user, the global tungsten carbide metal powder market is divided into industrial engineering, mining & construction, oil & gas, transportation, aerospace & defense, and others.
Among the market segments, the rotary drilling & mining grade segment command a large share of the tungsten carbide metal powder market during the future years. Owing to their high impact resistance, stiffness, and capability of high-performance ability in intense working conditions leads to making rotary drilling & mining as highly preferred grades for tungsten carbide powder segment. The machine tools & components market application segment commands major share of the global tungsten carbide powder market owing to their high adoption rate for the development of various components such as rods, tips, nozzles, inserts, bits, sheets, strips, buttons and balls, among others, for various end-use industries.
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Among end-users, the mining & construction industry commands largest share of the global tungsten carbide powder market owing to the rise in oil & gas exploration activities as well as high government spending towards the infrastructures development.
Regional Analysis
Based on regions, the global tungsten carbide metal powder market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the tungsten carbide metal powder market during the forecast period.
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