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1725116

2032 年碳化鎢市場預測：按產品類型、等級、應用、最終用戶和地區進行的全球分析

Tungsten Carbide Market Forecasts to 2032 - Global Analysis By Product Type (Tungsten Carbide Powder, Tungsten Carbide Wear Parts, Tungsten Carbide Tooling and Other Product Types), Grade, Application, End User and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3個工作天內

價格

根據 Stratistics MRC 的數據，全球碳化鎢市場預計在 2025 年達到 207 億美元，到 2032 年將達到 362 億美元，預測期內的複合年成長率為 8.3%。

碳化鎢是一種由鎢和碳製成的緻密、耐用的化合物，以其極高的硬度和耐磨性而聞名。它能夠承受高溫和機械應力，因此被廣泛應用於切削工具、採礦設備和航太零件等工業應用。這種材料因其壽命長、加工堅硬金屬的效率高而受到製造業的青睞。此外，與傳統金屬相比，碳化鎢具有更高的強度，可用於珠寶、醫療設備和軍事應用。其卓越的耐用性使其成為需要高性能、耐磨零件的行業不可或缺的材料。

根據經濟分析局的數據，2022年前三個季度美國建設產業總增加價值約2.98兆美元，比去年同期成長約5%。

汽車和航太工業的需求不斷成長

由於其出色的硬度和耐用性，碳化鎢被廣泛應用於引擎零件、切割工具和耐磨零件。汽車業依賴碳化鎢進行精密加工、提高燃油經濟性和延長零件壽命。同樣，航太工業在渦輪葉片和高性能鑽頭等關鍵應用中使用碳化鎢。

供應鏈限制和原料的可用性

鎢是碳化鎢的關鍵成分，其主要產地是幾個關鍵地區，這使得市場容易受到地緣政治風險和貿易限制的影響。原物料價格的波動會影響生產成本並影響製造商的盈利。此外，管理鎢礦開採和加工的環境法規增加了供應鏈管理的複雜性。

3D列印和積層製造的應用日益廣泛

隨著各行各業轉向高性能應用的先進材料，碳化鎢的卓越硬度和耐磨性使其成為積層製造的理想選擇。粉末冶金和黏著劑噴塗成型技術的創新使得生產複雜碳化鎢零件的精度更高。此外，透過積層製造客製化碳化鎢零件的能力引起了尋求經濟高效的生產方法的製造商的興趣。

先進陶瓷和塗層碳化物替代品

碳化矽和碳化鈦等材料越來越受歡迎，尤其是在切削工具和耐磨塗層等高性能應用。這些替代材料具有更好的熱穩定性和耐腐蝕性，使其成為某些行業中碳化鎢的有吸引力的替代品。儘管碳化鎢仍然是許多應用中的首選材料，但替代品的威脅要求持續創新才能保持競爭力。

COVID-19的影響：

COVID-19 疫情影響了供應鏈、生產能力和各行業的需求，擾亂了碳化鎢市場。封鎖和限制導致原料採購和製造業務延遲，影響了市場成長。疫情期間，汽車和航太工業的產量下降，進一步減少了對碳化鎢基零件的需求。然而，隨著行業在材料選擇上優先考慮效率和耐用性，市場已經復甦。

預計在預測期內，碳化鎢粉末部分將成長至最大的部分。

由於碳化鎢粉末在硬質合金製造中的廣泛應用，預計在預測期內將佔據最大的市場佔有率。這種材料是各種應用的基礎，包括切割工具、耐磨塗層和工業機械零件。碳化鎢粉末具有出色的硬度和耐磨性，因此在金屬加工和採礦業中必不可少。

預計切削工具領域在預測期內將達到最高複合年成長率

受汽車、航太和工業應用對精密加工的需求不斷成長的推動，切削工具領域預計將在預測期內實現最高成長率。硬質合金切削刀具具有卓越的耐用性和效率，可減少停機時間並提高製造過程中的生產效率。自動化加工和數控技術的興起進一步推動了硬質合金切削刀具的採用。

佔比最大的地區：

在預測期內，北美預計將佔據最大的市場佔有率，這得益於汽車、航太和國防工業的強勁需求。該地區先進的製造業基礎設施和技術創新正在促進硬質合金零件的廣泛應用。此外，政府支持國內鎢生產和材料研究的舉措也促進了市場的成長。專注於材料進步的行業巨頭和研究機構的存在進一步加強了北美市場的地位。

複合年成長率最高的地區：

由於工業化進程加快以及製造業和基礎設施建設投資不斷增加，預計亞太地區在預測期內的複合年成長率最高。中國、日本和韓國等國在汽車、電子和建築領域率先採用碳化鎢。該地區蓬勃發展的採礦業也支持了碳化鎢的生產，確保了原料的穩定供應。

提供免費客製化：

訂閱此報告的客戶可享有以下免費自訂選項之一：

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  • 地理細分
    • 根據客戶興趣對主要國家市場進行估計、預測和複合年成長率（註：基於可行性檢查）
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    • 根據產品系列、地理分佈和策略聯盟對主要企業基準化分析

目錄

第1章執行摘要

第2章 前言

  • 概述
  • 相關利益者
  • 研究範圍
  • 調查方法
    • 資料探勘
    • 數據分析
    • 數據檢驗
    • 研究途徑
  • 研究材料
    • 主要研究資料
    • 次級研究資訊來源
    • 先決條件

第3章市場走勢分析

  • 驅動程式
  • 限制因素
  • 機會
  • 威脅
  • 產品分析
  • 應用分析
  • 最終用戶分析
  • 新興市場
  • COVID-19的影響

第4章 波特五力分析

  • 供應商的議價能力
  • 買家的議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭對手之間的競爭

5. 全球碳化鎢市場（依產品類型）

  • 碳化鎢粉
  • 碳化鎢耐磨件
  • 碳化鎢工具
  • 其他產品類型

6. 全球碳化鎢市場（依等級）

  • 旋轉鑽井和採礦級
  • 金屬成型/耐磨等級
  • 亞微米級
  • 耐腐蝕等級
  • 通用級

7. 全球碳化鎢市場（依應用）

  • 切削工具
  • 磨損件
  • 採礦和建築工具
  • 磨粉產品
  • 手術器械
  • 體育用品
  • 珠寶和時尚物品
  • 其他用途

8. 全球碳化鎢市場（依最終用戶）

  • 車
  • 採礦和建築
  • 石油和天然氣
  • 航太/國防
  • 工業製造
  • 電子產品
  • 衛生保健
  • 其他最終用戶

9. 全球碳化鎢市場（按地區）

  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲地區

第10章 重大進展

  • 協議、夥伴關係、合作和合資企業
  • 收購與合併
  • 新產品發布
  • 業務擴展
  • 其他關鍵策略

第11章 公司概況

  • Ceratizit SA
  • China Tungsten Online（Xiamen）Manu. & Sales Corp.
  • Chongyi ZhangYuan Tungsten Co., Ltd
  • Extramet
  • Federal Carbide Company
  • Guangdong Xianglu Tungsten Co., Ltd.
  • HC Starck GmbH
  • Hitachi Metals
  • Japan New Metal Co., Ltd
  • Kennametal Inc.
  • Merck KGaA
  • Nanchang Cemented Carbide Co., Ltd
  • Reade International Corp.
  • Sandvik AB
  • Sumitomo Corporation
  • Umicore
Product Code: SMRC29262

According to Stratistics MRC, the Global Tungsten Carbide Market is accounted for $20.7 billion in 2025 and is expected to reach $36.2 billion by 2032 growing at a CAGR of 8.3% during the forecast period. Tungsten carbide is a dense, highly durable compound made from tungsten and carbon, known for its extreme hardness and resistance to wear. It is widely used in industrial applications such as cutting tools, mining equipment, and aerospace components due to its ability to withstand high temperatures and mechanical stress. This material is favored in manufacturing for its longevity and efficiency in machining tough metals. Additionally, tungsten carbide is utilized in jewelry, medical instruments, and military applications, offering superior strength compared to conventional metals. Its exceptional durability makes it an essential material in industries requiring high-performance, wear-resistant components.

According to the Bureau of Economic Analysis, the total value added by the construction industry in the United States in the first three quarters of 2022 was around USD 2,980 billion, which was roughly 5% higher than the previous year for the same period.

Market Dynamics:

Driver:

Rising demand from the automotive and aerospace industries

Tungsten carbide is widely utilized in engine components, cutting tools, and wear-resistant parts due to its exceptional hardness and durability. The automotive sector relies on tungsten carbide for precision machining, improving fuel efficiency and extending component lifespan. Similarly, the aerospace industry integrates tungsten carbide in critical applications, such as turbine blades and high-performance drills.

Restraint:

Supply chain constraints and raw material availability

Tungsten, a critical component of tungsten carbide, is primarily sourced from a few key regions, making the market vulnerable to geopolitical risks and trade restrictions. Fluctuations in raw material prices can impact production costs, affecting profitability for manufacturers. Additionally, environmental regulations governing tungsten mining and processing add complexity to supply chain management.

Opportunity:

Increased adoption in 3D printing and additive manufacturing

As industries seek advanced materials for high-performance applications, tungsten carbide's exceptional hardness and wear resistance make it an ideal choice for additive manufacturing. Innovations in powder metallurgy and binder jetting technologies are enabling the production of complex tungsten carbide components with enhanced precision. Additionally, the ability to customize tungsten carbide parts through additive manufacturing is driving interest among manufacturers looking for cost-effective and efficient production methods.

Threat:

Substitution by Advanced Ceramics and Coated Carbides

Materials such as silicon carbide and titanium carbide are gaining traction in high-performance applications, particularly in cutting tools and wear-resistant coatings. These alternatives provide enhanced thermal stability and corrosion resistance, making them attractive substitutes for tungsten carbide in certain industries. While tungsten carbide remains a preferred choice for many applications, the threat of substitution necessitates continuous innovation to maintain its competitive edge.

Covid-19 Impact:

The COVID-19 pandemic disrupted the tungsten carbide market by affecting supply chains, production capacities, and demand across industries. Lockdowns and restrictions led to delays in raw material procurement and manufacturing operations, impacting market growth. The decline in automotive and aerospace production during the pandemic further reduced demand for tungsten carbide-based components. However, the market has since rebounded, with industries prioritizing efficiency and durability in material selection.

The tungsten carbide powder segment is expected to be the largest during the forecast period

The tungsten carbide powder segment is expected to account for the largest market share during the forecast period due to its widespread use in cemented carbide production. This material serves as the foundation for various applications, including cutting tools, wear-resistant coatings, and industrial machinery components. The exceptional hardness and wear resistance of tungsten carbide powder make it indispensable in metalworking and mining industries.

The cutting tools segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cutting tools segment is predicted to witness the highest growth rate driven by the increasing demand for precision machining in automotive, aerospace, and industrial applications. Tungsten carbide cutting tools offer superior durability and efficiency, reducing downtime and improving productivity in manufacturing processes. The rise of automated machining and CNC technology has further boosted the adoption of tungsten carbide-based cutting tools.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share driven by strong demand from the automotive, aerospace, and defense industries. The region's advanced manufacturing infrastructure and technological innovations contribute to the widespread adoption of tungsten carbide-based components. Additionally, government initiatives supporting domestic tungsten production and material research are strengthening market growth. The presence of leading industry players and research institutions focused on material advancements further reinforces North America's market position.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR fueled by rapid industrialization and increasing investments in manufacturing and infrastructure development. Countries such as China, Japan, and South Korea are leading the adoption of tungsten carbide in automotive, electronics, and construction sectors. The region's thriving mining industry also supports tungsten carbide production, ensuring a stable supply of raw materials.

Key players in the market

Some of the key players in Tungsten Carbide Market include Ceratizit S.A., China Tungsten Online (Xiamen) Manu. & Sales Corp., Chongyi ZhangYuan Tungsten Co., Ltd, Extramet, Federal Carbide Company, Guangdong Xianglu Tungsten Co., Ltd., H.C. Starck GmbH, Hitachi Metals, Japan New Metal Co., Ltd, Kennametal Inc., Merck KGaA, Nanchang Cemented Carbide Co., Ltd, Reade International Corp., Sandvik AB, Sumitomo Corporation, and Umicore.

Key Developments:

In February 2025, Guangdong Xianglu Tungsten Co., Ltd announced its February 2025 long-term contract prices for tungsten products, including 55% black tungsten ore at 142,500 yuan/standard mt and APT at 212,000 yuan/mt.

In December 2024, H.C. Starck was officially acquired by Mitsubishi Materials Corporation, expanding MMC's global tungsten capabilities across Germany, Canada, and China.

In September 2024, Xianglu Tungsten launched a project to produce 30 billion meters of ultra-fine tungsten alloy wire for photovoltaic applications, investing 515 million yuan, with the first phase expected to be operational by October 2024.

Product Types Covered:

  • Tungsten Carbide Powder
  • Tungsten Carbide Wear Parts
  • Tungsten Carbide Tooling
  • Other Product Types

Grades Covered:

  • Rotary Drilling & Mining Grade
  • Metal Forming & Wear Grades
  • Submicron Grade
  • Corrosion Resistant Grades
  • General Purpose Grades

Applications Covered:

  • Cutting Tools
  • Wear Parts
  • Mining & Construction Tools
  • Mill Products
  • Surgical Instruments
  • Sports Equipment
  • Jewelry & Fashion Items
  • Other Applications

End Users Covered:

  • Automotive
  • Mining & Construction
  • Oil & Gas
  • Aerospace & Defense
  • Industrial Manufacturing
  • Electronics
  • Healthcare
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Product Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Tungsten Carbide Market, By Product Type

  • 5.1 Introduction
  • 5.2 Tungsten Carbide Powder
  • 5.3 Tungsten Carbide Wear Parts
  • 5.4 Tungsten Carbide Tooling
  • 5.5 Other Product Types

6 Global Tungsten Carbide Market, By Grade

  • 6.1 Introduction
  • 6.2 Rotary Drilling & Mining Grade
  • 6.3 Metal Forming & Wear Grades
  • 6.4 Submicron Grade
  • 6.5 Corrosion Resistant Grades
  • 6.6 General Purpose Grades

7 Global Tungsten Carbide Market, By Application

  • 7.1 Introduction
  • 7.2 Cutting Tools
  • 7.3 Wear Parts
  • 7.4 Mining & Construction Tools
  • 7.5 Mill Products
  • 7.6 Surgical Instruments
  • 7.7 Sports Equipment
  • 7.8 Jewelry & Fashion Items
  • 7.9 Other Applications

8 Global Tungsten Carbide Market, By End User

  • 8.1 Introduction
  • 8.2 Automotive
  • 8.3 Mining & Construction
  • 8.4 Oil & Gas
  • 8.5 Aerospace & Defense
  • 8.6 Industrial Manufacturing
  • 8.7 Electronics
  • 8.8 Healthcare
  • 8.9 Other End Users

9 Global Tungsten Carbide Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Ceratizit S.A.
  • 11.2 China Tungsten Online (Xiamen) Manu. & Sales Corp.
  • 11.3 Chongyi ZhangYuan Tungsten Co., Ltd
  • 11.4 Extramet
  • 11.5 Federal Carbide Company
  • 11.6 Guangdong Xianglu Tungsten Co., Ltd.
  • 11.7 H.C. Starck GmbH
  • 11.8 Hitachi Metals
  • 11.9 Japan New Metal Co., Ltd
  • 11.10 Kennametal Inc.
  • 11.11 Merck KGaA
  • 11.12 Nanchang Cemented Carbide Co., Ltd
  • 11.13 Reade International Corp.
  • 11.14 Sandvik AB
  • 11.15 Sumitomo Corporation
  • 11.16 Umicore

List of Tables

  • Table 1 Global Tungsten Carbide Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Tungsten Carbide Market Outlook, By Product Type (2024-2032) ($MN)
  • Table 3 Global Tungsten Carbide Market Outlook, By Tungsten Carbide Powder (2024-2032) ($MN)
  • Table 4 Global Tungsten Carbide Market Outlook, By Tungsten Carbide Wear Parts (2024-2032) ($MN)
  • Table 5 Global Tungsten Carbide Market Outlook, By Tungsten Carbide Tooling (2024-2032) ($MN)
  • Table 6 Global Tungsten Carbide Market Outlook, By Other Product Types (2024-2032) ($MN)
  • Table 7 Global Tungsten Carbide Market Outlook, By Grade (2024-2032) ($MN)
  • Table 8 Global Tungsten Carbide Market Outlook, By Rotary Drilling & Mining Grade (2024-2032) ($MN)
  • Table 9 Global Tungsten Carbide Market Outlook, By Metal Forming & Wear Grades (2024-2032) ($MN)
  • Table 10 Global Tungsten Carbide Market Outlook, By Submicron Grade (2024-2032) ($MN)
  • Table 11 Global Tungsten Carbide Market Outlook, By Corrosion Resistant Grades (2024-2032) ($MN)
  • Table 12 Global Tungsten Carbide Market Outlook, By General Purpose Grades (2024-2032) ($MN)
  • Table 13 Global Tungsten Carbide Market Outlook, By Application (2024-2032) ($MN)
  • Table 14 Global Tungsten Carbide Market Outlook, By Cutting Tools (2024-2032) ($MN)
  • Table 15 Global Tungsten Carbide Market Outlook, By Wear Parts (2024-2032) ($MN)
  • Table 16 Global Tungsten Carbide Market Outlook, By Mining & Construction Tools (2024-2032) ($MN)
  • Table 17 Global Tungsten Carbide Market Outlook, By Mill Products (2024-2032) ($MN)
  • Table 18 Global Tungsten Carbide Market Outlook, By Surgical Instruments (2024-2032) ($MN)
  • Table 19 Global Tungsten Carbide Market Outlook, By Sports Equipment (2024-2032) ($MN)
  • Table 20 Global Tungsten Carbide Market Outlook, By Jewelry & Fashion Items (2024-2032) ($MN)
  • Table 21 Global Tungsten Carbide Market Outlook, By Other Applications (2024-2032) ($MN)
  • Table 22 Global Tungsten Carbide Market Outlook, By End User (2024-2032) ($MN)
  • Table 23 Global Tungsten Carbide Market Outlook, By Automotive (2024-2032) ($MN)
  • Table 24 Global Tungsten Carbide Market Outlook, By Mining & Construction (2024-2032) ($MN)
  • Table 25 Global Tungsten Carbide Market Outlook, By Oil & Gas (2024-2032) ($MN)
  • Table 26 Global Tungsten Carbide Market Outlook, By Aerospace & Defense (2024-2032) ($MN)
  • Table 27 Global Tungsten Carbide Market Outlook, By Industrial Manufacturing (2024-2032) ($MN)
  • Table 28 Global Tungsten Carbide Market Outlook, By Electronics (2024-2032) ($MN)
  • Table 29 Global Tungsten Carbide Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 30 Global Tungsten Carbide Market Outlook, By Other End Users (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.