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市场调查报告书
商品编码
1304525

全球硬质合金市场 - 2023-2030

Global Tungsten Carbide Market - 2023-2030
出版日期: | 出版商: DataM Intelligence | 英文 205 Pages | 商品交期: 约2个工作天内

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简介目录

市场概述

全球硬质合金市场规模在2022年达到202亿美元，预计到2030年将达到347亿美元，在2023-2030年期间的复合年增长率为7.0%。

全球碳化钨市场将见证制造业需求的显著增长。中国制造业的强劲扩张、印度新制造项目的建立以及美国吸引更多高科技制造业的努力，都是碳化钨工具需求增长的主要因素。

主要硬质合金制造商可能会扩大在发展中国家的制造业务，以满足当地日益增长的需求。例如，2022年12月，跨国冶金公司United Wolfram在印度古吉拉特开设了一家新的钨制造厂。

市场动态

全球制造业的扩张

COVID-19大流行后，制造业出现强劲增长。例如，中国制造业采购经理指数从2023年1月的50.1上升至2023年2月的52.6，创下自2012年以来的最快增速。印度制造业采购经理指数在2023年5月升至58.7的历史新高。

制造业的扩张将带来对硬质合金机床和部件的新需求。碳化钨是制造过程中加工、切割、钻孔和成型材料的必需品。随着工业的扩张和生产能力的提高，预计对硬质合金工具的需求将大幅上升。

新兴国家基础设施建设不断发展

新兴国家正在大力投资基础设施建设，以提高人民生活水平，推动经济增长。目前，大部分基础设施建设都发生在亚太地区国家。据亚洲开发银行（ADB）估计，亚太地区每年在基础设施方面的支出为8810亿美元。该行进一步估计，为保持经济增长势头，每年的支出需增至1.7万亿美元。

由于硬度高，硬质合金被广泛应用于电锯和钻孔设备的钻头。正在进行的新港口、机场、高速公路、桥梁、高速铁路和城市轨道交通系统建设预计将在中短期内大幅增加对碳化钨的需求。

钨价格波动

碳化钨依赖金属钨作为主要原材料。钨是一种相对稀缺的资源，其价格受供需动态、地缘政治紧张局势和宏观经济状况等各种因素的影响而波动。2023年1月至5月，钨的价格保持在320-350美元/MTU（公吨单位）的相对高位。

钨的价格波动会严重影响硬质合金的制造和生产过程。当钨价上涨时，制造商可能会面临原材料采购成本上升的问题，这可能会影响他们的盈利能力。钨价格的波动会阻碍新项目的资本支出，从而减少需求并抑制全球硬质合金市场的增长。

COVID-19影响分析

COVID-19大流行扰乱了全球供应链，造成经济不确定性，影响了包括碳化钨市场在内的各行各业。世界各国政府对移动和制造的限制导致工业活动减少，碳化钨产品需求下降。

此外，作为碳化钨重要终端用户的采矿业和制造业的放缓进一步影响了市场增长。然而，随着大流行病后全球经济的复苏和工业恢复增长势头，碳化钨的需求有所回升，预计未来几年仍将保持强劲。

乌克兰-俄罗斯战争的影响

由于俄罗斯是全球主要的钨生产国，2022年产量接近2300公吨，乌俄战争扰乱了钨供应，造成国际市场短期价格波动。预计中国等其他主要钨生产国将填补俄罗斯留下的缺口。

欧洲能源价格大幅上涨，主要原因是俄罗斯中断了天然气供应。这大大降低了欧洲碳化钨制造商的竞争力。这给亚洲制造商提供了一个占据大量市场份额的重要机会。

目录

第一章 研究方法和范围

  • 研究方法
  • 研究目的和报告范围

第2章：定义和概述

第3章：执行摘要

  • 按等级划分
  • 按应用分类
  • 按最终用户分类
  • 按地区划分

第四章：动态

  • 影响因素
    • 驱动因素
      • 采矿活动的扩大
      • 制造工艺的进步
      • 全球制造业的扩张
      • 新兴经济体基础设施的发展
    • 限制因素
      • 钨价格波动
      • 有更好的替代品
    • 机会
    • 影响分析

第五章：行业分析

  • 波特五力分析法
  • 供应链分析
  • 定价分析
  • 法规分析

第六章：COVID-19分析

  • COVID-19分析
    • COVID之前的情景
    • COVID期间的情景
    • COVID之后的情景
  • COVID-19 期间的定价动态
  • 供求关系
  • 大流行期间与市场相关的政府倡议
  • 制造商的战略倡议
  • 结论

第七章：按等级划分

  • 旋转钻孔和采矿级
  • 亚微米级
  • 金属成型和磨损牌号
  • 耐腐蚀牌号
  • 通用牌号
  • 其他牌号

第八章：按应用分类

  • 机床及部件
  • 模具和冲头
  • 切削工具
  • 磨料磨具
  • 其他应用

第九章：按最终用户分类

  • 采矿和建筑
  • 交通运输
  • 工业工程
  • 石油和天然气
  • 航空航天和国防
  • 其他行业

第10章：按地区划分

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 法国
    • 法国
    • 西班牙
    • 欧洲其他地区
  • 南美洲
    • 巴西
    • 阿根廷
    • 南美其他地区
  • 亚太地区
    • 中国
    • 日本
    • 日本
    • 澳大利亚
    • 亚太其他地区
  • 中东和非洲

第十一章 ：竞争格局

  • 竞争格局
  • 市场定位/份额分析
  • 合併与收购分析

第十二章 ：公司简介

  • Sandvik AB
    • 公司概况
    • 等级组合和描述
    • 财务概况
    • 近期发展
  • Kennametal Inc.
  • CERATIZIT S.A.
  • Federal Carbide Company
  • GuangDong XiangLu Tungsten Co. Ltd.
  • JAPAN NEW METALS CO. LTD
  • China Tungsten
  • Chongyi Zhang Yuan Tungsten Co. Ltd
  • Merck KGaA
  • H.C. GmbH

第十三章 ：附录

简介目录
Product Code: MA5177

Market Overview

The Global Tungsten Carbide Market reached US$ 20.2 billion in 2022 and is expected to reach US$ 34.7 billion by 2030, growing with a CAGR of 7.0% during the forecast period 2023-2030.

The Global Tungsten Carbide Market is slated to witness a significant increase in demand from the manufacturing industry. Strong expansion of the manufacturing sector in China, the setting up of new manufacturing projects in India and the U.S. efforts to attract more high-tech manufacturing are major factors in increasing demand for tungsten carbide tools.

Major tungsten carbide manufacturers will likely expand their manufacturing operations in developing countries to cater to the growing local demand. For instance, in December 2022, United Wolfram, a multinational metallurgy company, opened a new Tungsten manufacturing plant in Gujarat, India.

Market Dynamics

Expansion of Global Manufacturing Activities

The manufacturing sector has witnessed strong growth after the COVID-19 pandemic. For instance, China's manufacturing PMI grew to 52.6 in February 2023 from 50.1 in January 2023, registering the fastest expansion since 2012. India's manufacturing PMI increased to an all-time high of 58.7 in May 2023.

The expansion of the manufacturing sector will create renewed demand for tungsten carbide machine tools and components. Tungsten carbide is essential for machining, cutting, drilling, and shaping materials in manufacturing processes. As industries expand and production capacities increase, the demand for tungsten carbide tools is expected to rise significantly.

Growing Infrastructure Development in Emerging Countries

Emerging countries are heavily investing in infrastructure development to raise living standards for their population and drive economic growth. A majority of the infrastructure development currently occurs in countries in Asia-Pacific. The Asian Development Bank (ADB) estimates that Asia-Pacific spends US$ 881 billion on infrastructure annually. The bank further estimates that spending needs to increase to US$ 1.7 trillion annually to maintain economic growth momentum.

Due to its hardness, tungsten carbide is widely used in electric saw and drill bits for drilling equipment. The ongoing construction of new ports, airports, expressways, bridges, high-speed rail and urban mass transit systems is expected to significantly increase the demand for tungsten carbide in the short and medium term.

Volatility in Tungsten Prices

Tungsten carbide relies on tungsten metal as a primary raw material. Tungsten is a relatively scarce resource, and its price is subject to fluctuations due to various factors such as supply-demand dynamics, geopolitical tensions, and macroeconomic conditions. Tungsten prices remain relatively high, within US$ 320-350 per MTU (metric ton units) from January to May 2023.

The price volatility of tungsten can significantly impact the manufacturing and production processes of tungsten carbide. When tungsten prices rise, manufacturers may face higher costs for acquiring raw materials, which can strain their profitability. Volatility in tungsten prices can prevent capital expenditure on new projects, thus reducing demand and restraining the growth of the Global Tungsten Carbide Market.

COVID-19 Impact Analysis

The COVID-19 pandemic disrupted global supply chains and caused economic uncertainty, affecting various industries, including the tungsten carbide market. The restrictions on movement and manufacturing imposed by governments worldwide led to a decline in industrial activities and reduced demand for tungsten carbide products.

Additionally, the slowdown in mining and manufacturing sectors, which are significant end-users of tungsten carbide, further impacted market growth. However, as the global economy recovered in the aftermath of the pandemic and industries regained growth momentum, the demand for tungsten carbide has rebounded and is expected to remain strong over the coming years.

Ukraine-Russia War Impact

Since Russia is a major global producer of tungsten, producing nearly 2300 metric tons in 2022, the Ukraine-Russia war has disrupted tungsten supplies and created short-term price volatility in the international markets. It is expected that other major tungsten producers, such as China, will fill the gap Russia left.

Energy prices have increased significantly in Europe, mainly due to Russia's disruption of natural gas supplies. It has dramatically reduced the competitiveness of European tungsten carbide manufacturers. It presents a significant opportunity to Asian manufacturers to capture a large market share.

Segment Analysis

The Global Tungsten Carbide Market is segmented based on grade, application, end-user and region.

Rising Energy Demand will Boost the Growth of the Oil and Gas Industry

Oil and gas accounts for a quarter of the market share of the global tungsten carbide market. Multinational energy companies exploit offshore oil and gas reserves to offset stagnating production in existing fields and cater to rising energy demand as industrialization kicks off in developing countries.

Tungsten carbide is extensively used in drilling and exploration activities in the oil and gas sector. Tungsten carbide drill bits and cutting tools exhibit exceptional hardness, wear resistance, and heat resistance, making them suitable for challenging drilling conditions. The oil and gas industry operates in harsh environments involving abrasive substances, high temperatures, and corrosive fluids. Tungsten carbide is utilized in wear-resistant components such as valve balls, seats, seals, nozzles, and bearings.

Geographical Analysis

Reshoring of the Manufacturing Industry is Likely to Augment Market Growth in North America

Amid rising geopolitical tensions, North American countries, especially U.S., is attempting to recoup their competitive edge in manufacturing and moving high-tech manufacturing back to North America. The U.S. government has rolled out various subsidies and incentives to return American and multinational companies to the region.

The U.S. Congress has passed the Inflation Reduction Act (IRA) and the CHIPS Act, which allocated billions in new subsidies for various manufacturing sectors. Since the passage of the acts in late 2022, companies have committed more than US$ 200 billion in new manufacturing projects, more than double that of 2021 and 2022. In January 2023, Samsung announced that its new US$ 17 billion semiconductor fab in Texas, U.S., will commence operations by the end of 2023.

The proliferation of new manufacturing projects will significantly boost demand for various types of tungsten carbide machine tools and other components.

Competitive Landscape

The major global players include: Sandvik AB, Kennametal Inc., CERATIZIT S.A., Federal Carbide Company, GuangDong XiangLu Tungsten Co. Ltd., JAPAN NEW METALS CO. LTD, China Tungsten, Chongyi Zhang Yuan Tungsten Co. Ltd, Merck KGaA and H.C. GmbH.

Why Purchase the Report?

  • To visualize the Global Tungsten Carbide Market segmentation based on grade, application, end-user and region, and understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous tungsten carbide market-level data points with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The Global Tungsten Carbide Market Report Would Provide Approximately 57 Tables, 66 Figures And 205 pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Grade
  • 3.2. Snippet by Application
  • 3.3. Snippet by End-User
  • 3.4. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Expansion of Mining Activities
      • 4.1.1.2. Advancements in Manufacturing Processes
      • 4.1.1.3. Expansion of Global Manufacturing Activities
      • 4.1.1.4. Growing Infrastructure Development in Emerging Economies
    • 4.1.2. Restraints
      • 4.1.2.1. Volatility in Tungsten Prices
      • 4.1.2.2. Availability of Better Alternatives
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID
    • 6.1.2. Scenario During COVID
    • 6.1.3. Scenario Post COVID
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. By Grade

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 7.1.2. Market Attractiveness Index, By Grade
  • 7.2. Rotary Drilling & Mining Grades*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Submicron Grades
  • 7.4. Metal Forming & Wear Grades
  • 7.5. Corrosion Resistant Grades
  • 7.6. General Purpose Grades
  • 7.7. Others

8. By Application

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 8.1.2. Market Attractiveness Index, By Application
  • 8.2. Machine Tools & Components*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Dies & Punches
  • 8.4. Cutting Tools
  • 8.5. Abrasive Products
  • 8.6. Others

9. By End-User

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.1.2. Market Attractiveness Index, By End-User
  • 9.2. Mining & Construction*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Transportation
  • 9.4. Industrial Engineering
  • 9.5. Oil & Gas
  • 9.6. Aerospace & Defense
  • 9.7. Others

10. By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. The U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. The UK
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Spain
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia-Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia-Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
    • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Company Profiles

  • 12.1. Sandvik AB*
    • 12.1.1. Company Overview
    • 12.1.2. Grade Portfolio and Description
    • 12.1.3. Financial Overview
    • 12.1.4. Recent Developments
  • 12.2. Kennametal Inc.
  • 12.3. CERATIZIT S.A.
  • 12.4. Federal Carbide Company
  • 12.5. GuangDong XiangLu Tungsten Co. Ltd.
  • 12.6. JAPAN NEW METALS CO. LTD
  • 12.7. China Tungsten
  • 12.8. Chongyi Zhang Yuan Tungsten Co. Ltd
  • 12.9. Merck KGaA
  • 12.10. H.C. GmbH

LIST NOT EXHAUSTIVE

13. Appendix

  • 13.1. About Us and Services
  • 13.2. Contact Us