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Cemented Carbide Market, Global Outlook and Forecast 2024-2030

Writer's picture: krish mundekrish munde

The Global Cemented Carbide Market was valued at US$ 6.5 billion in 2024 and is projected to reach US$ 8.7 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2024-2030).




Cemented carbide is a hard material used extensively as cutting tool material, as well as other industrial applications. It consists of fine particles of carbide cemented into a composite by a binder metal. Cemented carbides commonly use tungsten carbide, titanium carbide, or tantalum carbide as the aggregate.

This report aims to provide a comprehensive presentation of the global market for Cemented Carbide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cemented Carbide. This report contains market size and forecasts of Cemented Carbide in global, including the following market information:


  • Global Cemented Carbide Market Revenue, 2019-2023, 2024-2030, ($ millions)

  • Global Cemented Carbide Market Sales, 2019-2023, 2024-2030, (MT)

  • Global top five Cemented Carbide companies in 2022 (%)

We has surveyed the Cemented Carbide manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Cemented Carbide Market, by Type, 2019-2023, 2024-2030 ($ Millions) & (MT)

Global Cemented Carbide Market Segment Percentages, by Type, 2022 (%)


  • Tungsten Carbide(WC)

  • Titanium Carbide(TiC)

  • Tantalum Carbide(TaC)

Global Cemented Carbide Market Segment Percentages, by Application, 2022 (%)


  • Machine Tools & Components

  • Cutting Tools

  • Dies & Punches

  • Others(Abrasive Products, etc.)

Global Cemented Carbide Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

The report also provides analysis of leading market participants including


  • Key companies Cemented Carbide revenues in global market, 2019-2023 (Estimated), ($ millions)

  • Key companies Cemented Carbide revenues share in global market, 2022 (%)

  • Key companies Cemented Carbide sales in global market, 2019-2023 (Estimated), (MT)

  • Key companies Cemented Carbide sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • Sandvik

  • Xiamen Tungsten

  • China Minmetals Corporation

  • Element Six

  • Jiangxi Yaosheng

  • GuangDong XiangLu Tungsten

  • Chongyi Zhangyyuan Tungsten Co

  • Plansee(GTP)

  • JXTC

  • Japan New Metals

  • AST

  • Kohsei Co Ltd

  • ALMT Corp

  • Kennametal

  • H.C.Starck

  • TaeguTec Ltd

  • Wolfram Company JSC

  • Buffalo Tungsten

  • Eurotungstene

  • Lineage Alloys

Chapter 1: Introduces the definition of Cemented Carbide, market overview.

Chapter 2: Global Cemented Carbide market size in revenue and volume.

Chapter 3: Detailed analysis of Cemented Carbide manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Cemented Carbide in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Cemented Carbide capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports1.1 Cemented Carbide Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Cemented Carbide Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Cemented Carbide Overall Market Size2.1 Global Cemented Carbide Market Size: 2022 VS 20322.2 Global Cemented Carbide Revenue, Prospects & Forecasts: 2018-20322.3 Global Cemented Carbide Sales: 2018-20323 Company Landscape3.1 Top Cemented Carbide Players in Global Market3.2 Top Global Cemented Carbide Companies Ranked by Revenue3.3 Global Cemented Carbide Revenue by Companies3.4 Global Cemented Carbide Sales by Companies3.5 Global Cemented Carbide Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Cemented Carbide Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Cemented Carbide Product Type3.8 Tier 1, Tier 2 and Tier 3 Cemented Carbide Players in Global Market3.8.1 List of Global Tier 1 Cemented Carbide Companies3.8.2 List of Global Tier 2 and Tier 3 Cemented Carbide Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global Cemented Carbide Market Size Markets, 2022 & 20324.

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