Tungsten Carbide Manufacturing in the US - Industry Market Research Report

Tungsten Carbide Manufacturing

Speed metal

After low prices and low-scale production in the early 2000s, new applications led to rapid growth in demand and prices for tungsten. The Tungsten Carbide Manufacturing industry has grown at a breakneck pace since the middle of the decade, handily recording double-digit revenue growth. The metals extremely high toughness and heat-resistance make it essential to various industrial, manufacturing, electronics and oil and gas industries. As China continues to limit mining output, the elements price will keep rising, and the industry will continue its meteoric growth.

Firms in this industry process tungsten to create tungsten carbide powders and other intermediate products later used to produce industrial machinery, tools, abrasives and jewelry. Companies that process tungsten for other purposes are also included in this industry. Producers of end-use tungsten products (e.g. tungsten-containing drill bits) are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.