Tungsten carbide Market Detailed Analysis and Emerging Opportunities to 2020

2024-04-22 01:58:49 Industry

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Tungsten carbide Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

Tungsten carbide is an inorganic chemical compound which is represented using the chemical formula WC. Historically, tungsten carbide is referred to as wolframite ore. Tungsten carbide comprises of equal parts of carbon and tungsten atoms. In its most basic form tungsten carbide is usually available as a fine gray powder. Tungsten carbide powder is easily pressed to form different shapes for use in abrasives, cutting tools, armor-piercing rounds, industrial machinery, instruments, jewelry and other tools. Tungsten carbide is about two times stiffer than steel. Tungsten carbide is known to be much denser than steel or titanium. Tungsten carbide has a stiffness of about 550 GPa as per measured using Young?s modulus.

Tungsten carbide?s hardness is easily comparable with ruby, sapphire or corundum. Tungsten carbide can be polished or finished using abrasives that have superior hardness. Tungsten carbide is usually polished using cubic boron nitride in the form of wheels, powder and compound. Tungsten carbide is oxidized within the temperature of 500-600oC. Tungsten carbide is resistant to acids however; it gets attacked by hydrofluoric acid and nitric acid mixtures above room temperature.

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Scope

Tungsten carbide is widely used in manufacturing cutting tools used in various machineries. Owing to their high resistance to abrasions, there is a huge demand for the chemical for manufacturing cutting tools. Tungsten carbide cutting surfaces are used in the machineries through material such as stainless steel and carbon steel. Tungsten carbide is also used in the tools that are at higher risk of getting worn off. Tungsten carbide is widely used in high quantity production runs. Tungsten carbide when used in manufacturing several cutting tools offer better finish on parts and also provides high temperature resistance which in turn helps in achieving faster machining. Owing to the superior properties of finished products many manufacturers are using tungsten carbide to manufacture a wide range of cutting tools. Tungsten carbide also used to manufacture ammunition. This chemical is used in manufacturing the armor-piercing ammunition.

Asia Pacific is expected to be one of the major manufacturers of tungsten carbide owing to the presence of large number of manufacturers having huge production capacity in China. On the other hand, North America is expected to be the largest consumer of tungsten carbide.

Key Players

Some of the major manufacturers of tungsten carbide include American Elements, China Minmetals Corporation and Buffalo Tungsten among others.

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