TUNGSTEN CARBIDE MARKET

INTRODUCTION

Tungsten Carbide is a hard, brittle metal alloy that is composed of equal parts of tungsten and carbon atoms. It is often used as a cutting tool in machining and manufacturing processes due to its extreme hardness and abrasion resistance.

Its high melting point and low thermal expansion makes it ideal for high temperature applications, such as drilling and mining. Tungsten Carbide is also used in wear-resistant coatings, electronics, and aerospace components.

Tungsten Carbide is made by sintering a mixture of tungsten and carbon at temperatures up to 3000°C. This process results in a material with a hardness that is between 6 and 8 on the Mohs' scale, making it one of the hardest materials known to man.

Its strength and durability make it an ideal choice for cutting tools, as it can withstand high temperatures and wear and tear better than other materials like steel or aluminum.

Tungsten Carbide also has excellent corrosion resistance, making it suitable for use in harsh or corrosive environments.

In addition, its low thermal expansion makes it suitable for use in electronics and aerospace components, as it will not expand or contract when exposed to extreme temperatures.

Tungsten Carbide is used in a variety of applications, from cutting tools and wear-resistant coatings to electronics and aerospace components. Its high strength and durability make it an ideal choice for many industrial and engineering applications.

TUNGSTEN CARBIDE MARKET SIZE AND FORECAST

The Global Tungsten Carbide Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW LAUNCH

Tungsten carbide 3D printing was officially launched by Chinese company Bright Laser Technologies (BLT). This innovative process solves manufacturing issues with tungsten steel components that have intricate geometries, which can be difficult to do with traditional methods.

Tungsten carbide applications reach entirely new heights thanks to BLT's cutting-edge additive manufacturing technique.Rocket engine nozzles, long-lasting, self-sharpening rotary cutting blades, and micro drills are just a few applications of tungsten steel, also known as tungsten carbide.

The properties of tungsten carbide include remarkable wear resistance, exceptional hardness, and efficient corrosion prevention. The brittleness of the fabricated item and its higher susceptibility to cracking are the result of the alloy's increased tungsten content, though.

BLT used an additive manufacturing method for tungsten carbide to get over this obstacle. This novel method addresses the widespread issue of crack faults and offers a particularly useful resolution for the construction of intricate structures like flow channels and nozzles.

RECENT DEVELOPMENT

John Crane, a leader in the world of rotating equipment solutions, has announced the introduction of John Crane Diamond® 8190, a new material application for certain Type 8AB Seals that uses clamped-in mating rings on tungsten carbide substrate.

 In high-speed and high-heat generation applications, where a clamped-in tungsten carbide mating ring is frequently required, John Crane Diamond 8190 addresses sealing challenges and assists customers in overcoming short seal life and failure mechanisms, such as heat checking, heavy wear, ID chipping, and blistering of carbon primary rings.

The chemical and oil and gas sectors are the ones that use John Crane Diamond 8190 the most frequently. The following advantages are offered by the company's Diamond® seal face technology, which may be added to many of John Crane's most popular seal families: improves reliability with strictly controlled crystallinity, thickness, adhesion, and consistency; lowers costs with cooler running faces, less power consumption, and lower lifecycle costs; increases durability with unmatched hardness; and boosts production goals by increasing uptime for mission-critical equipment.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Tungsten Carbide are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Tungsten Carbide and key vendor selection criteria
3. Where is the Tungsten Carbide manufactured? What is the average margin per unit?
4. Market share of Global Tungsten Carbide market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Tungsten Carbide in-house
6. key predictions for next 5 years in Global Tungsten Carbide market
7. Average B-2-B Tungsten Carbide market price in all segments
8. Latest trends in Tungsten Carbide market, by every market segment
9. The market size (both volume and value) of the Tungsten Carbide market in 2024-2030 and every year in between?
10. Production breakup of Tungsten Carbide market, by suppliers and their OEM relationship