Tungsten Carbide Powder - Global Strategic Business Report

Global Tungsten Carbide Powder Market to Reach $35 Billion by 2030

The global market for Tungsten Carbide Powder estimated at US$18.7 Billion in the year 2022, is projected to reach a revised size of US$35 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030. Machine Tools & Components, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$12.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cutting Tools segment is readjusted to a revised 8.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 12.9% CAGR

The Tungsten Carbide Powder market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Select Competitors (Total 43 Featured) -

• Ceratizit S.A.
• China Tungsten
• Chongyi Zhang Yuan Tungsten Co. Ltd.
• Federal Carbide Company
• GuangDong XiangLu Tungsten Co. Ltd.
• H.C. Starck GmbH
• Japan New Metals Co. Ltd
• Kennametal Inc.
• Merck KGaA
• Nanchang Cemented Carbide Co., Ltd.
• Reade International Corp.
• Sandvik AB
• Umicore

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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