The global tungsten carbide market, by value, is estimated to witness growth at a CAGR of 4.4% over the period 2017 to 2022

This growth in the market is attributed to the increasing demand for various applications such as metal cutting tools, wear parts, mining & drilling tools etc. and various end use industries like automotive, aerospace & defense, oil & gas, mining & construction, electronics etc.

Tungsten carbide is a highly dense material constituting of tungsten and carbon as their constituent materials. They exhibit significant properties like extreme hardness, toughness, wear & abrasion resistance, pressure resistance, and many more. The unique combination of these properties and their cost effectiveness have set them apart to be the ideal choice of many industry manufacturers.

In Apr, 2017, molybdenum decreased demand leads to a weak stable price. The main reason goes to decreased demand and lower price from steel industry.

A privately held company makes high-performance metal cutting tools and tool holding systems at its Hayfield Township complex off Route 198, just west of Saegertown.

Tungsten carbide cutting insert and related products are used to cut various grades of iron, stainless steel and high-temperature specialty metal alloys. Its latest innovation is insert, a phase-toughened ceramic insert designed to mill, turn and groove the most difficult materials used in manufacturing at high speeds.

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