Tungsten Carbide Market Size, Forecast To Record Ascending Growth By 2030
The global tungsten carbide powder market Size is segmented by grade, application, end-use industries, and region. Various grades of tungsten carbide powder are available in the market such as rotary drilling mining, metal forming wear, submicron, corrosion resistant, general purposes, and others. Among these, the rotary drilling mining grades are the leading segments in the market owing to high impact resistance, stiffness, and ability to perform in severe conditions. The application segment includes cutting tools, wear parts, roll die, diamond tools, mining tools, and abrasive products. The carbide cutting tools are often used for machining through materials such as carbon, stainless steel, and in situations where other tools would wear away. They offer a better finish and allow faster machining at a much higher temperature than standard high-speed steel tools. The mining construction end user segment is leading the market growth owing to the high product demand in top-hammer roc