Tungsten Carbide for Steel & Alloy Market Share, Size, Growth and Forecast by 2030
The global Tungsten Carbide for Steel & Alloy Market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. It is a thick, metal like compound that decomposes rather than melts around 2,600°C. Wrought iron, cutting edges of trimmers and drills, and penetrating cores of armor-piercing bullets are all hardened by it, an important member of the family of inorganic carbon compounds. Tungsten carbide is frequently utilized in the industrial industry for sawing or cutting tools due to its greater abrasion resistance. The sole disadvantage of using the chemical is that it can disintegrate at extreme temperatures and separate into its original forms, tungsten and carbide. They are gradually becoming a necessity of our everyday lives, and it is expected that their use will increase since they are manufactured in vast quantities for use in a wide range of items
Tungsten carbide is a compound consisting of tungsten and carbon atoms in roughly equal proportions. It is a fine grey powder in its most basic form, but it may be crushed and shaped into forms by smelting for use in industrial equipment, cutting machines, hand tools, grinding wheels, armor-piercing, ammunition, and jewelry. Their scrap may be recycled, making it a very valuable alloy for a wide range of uses. It may be shaped into a variety of forms, sharpened with accuracy, and fused with or attached to other metals. It is made by heating granulated tungsten with carbon black along with hydrogen at temperatures ranging from 1,400°C to 1,600°C. Toxicity from this chemical is expected to become a barrier to revenue growth of the market.
Top Companies Operating in the Global Tungsten Carbide for Steel & Alloy Market:
- Sandvik AB (Sweden)
- Kennametal Inc. (U.S.)
- Ceratizit S.A. (Luxembourg)
- Extranet AG (Switzerland)
- Federal Carbide Company (U.S.)
- Nanchang Cemented Carbide Co. Ltd. (China)
- Jiangxi Yaosheng Tungsten Co. Ltd. (China)
- Japan New Metal Co. Ltd. (Japan)
- China Tungsten (Xiamen)
- Eurotungstene (France)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.
Table of Contents:
1. Report Overview
1.1 Research Scope
1.2 Key Tungsten Carbide for Steel & Alloy Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Tungsten Carbide for Steel & Alloy Market size
2.2 Latest regional market trends
2.3 Emerging growth trends
3. Competitive Outlook
3.1 Global Tungsten Carbide for Steel & Alloy Market key players
3.2 Global Tungsten Carbide size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Tungsten Carbide for Steel & Alloy Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Tungsten Carbide for Steel & Alloy Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Up to 1μm
- 1-10μm
- 10-50μm
- Others
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Cemented Carbide
- Tungsten Mill Products
- Steel and Alloy
- Others
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