THE ULTIMATE BUYER'S GUIDE ON YOUR TUNGSTEN ...

Was there a moment that you eager to know more about the tungsten carbide rods ?

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 &#;Do you have grade information?&#;

 That&#;s the most commonly asked question when you would like to purchase tungsten carbide rods.

It can be quite daunting as there are so many grades out there and they all have different features and properties.

 Are you sure of what you are choosing is the best choice to fulfill your needs and budget? Here at Miller Carbide, we want you to make an informed decision before purchasing with us.

That is why we offer you this tungsten carbide rods buying guidance alone with our engineer&#;s suggestion to help you to make the most suitable buying decision.

You can easily get to know well about the tungsten carbide rods by reading this article.

1.What&#;s tungsten carbide rod?

It is a round rod made from tungsten carbide material. If you have been following our blog, it should be very easy to understand the concept of carbide products. In our previous article &#;WHAT IS TUNGSTEN CARBIDE AND WHY IS SO POPULAR ON CUTTING TOOLS AND WEAR PARTS?&#;, we&#;ve explained the tungsten carbide material in details. If there is anything unclear, feel free to leave a message and we are happy to discuss it with you.

2.Types of tungsten carbide rods

From picture above, the rods named from left to right are: solid carbide rod, carbide rod with axial coolant duct, carbide rod with two parallel coolant duct, carbide rod with 2 twisted coolant ducts, carbide rods with chamfer end and the others are bigger ones with repeat types.

3.How to choose the right grade to fulfill your needs?

I believe that one of the most frequently asked questions when you ask for a quote is &#;What grade do you need?&#; Although every supplier&#;s grade is different, we only need to understand a few principles and then the problem becomes very simple.

3.1 Grain size: This is one of the key factors, which determines the performance of the carbide rod. The grain size of the carbide rod is generally within 0.8μm.. Generally speaking, the smaller the grain size, the higher the compactness as well as the hardness.

3.2 Cobalt content: The cobalt content of common carbide rods is between 6% and 12%. High-cobalt with fine-grain is often used as high-end carbide rod ingredients. For example, what&#;s often being used in the aerospace industry (MC12U-T) containing cobalt 12%, the grain size is 0.3-0.4, and it has excellent hardness and strength. Of course, the price of such a grade is relatively higher. Grades containing 10% cobalt and 0.6-0.8 grain size are the most commonly used general economic grades.

Generally speaking, the smaller the grain size, the higher the price of the grade. If the grain size is the same, the higher the cobalt content, the higher the price, and vice verse.

 

Knowing the concepts of grain size and cobalt content, incorporating with the application, we can choose an economical grade accordingly.

MILLER CARBIDE GradeWC(%) Binder Co(%)Grain Size(μm)Density (g/cm 3 )Hardness Rockwell "A" KIC(MNm-3/2)Transverse rupture strength &#; kgf/mm² &#; MC09U.314.593.79.2>380 MC12U-T.314..6>380 MC06U-T.414.994.58.4>400 MC06U.414..7>400 MC08U.414.793.68.8>400 MC08U-K.414.793.29>400 MC12U.414.392.59.4>380 MC10S.614.492.19.9>380 MC10F.814.491.810.9>380

4.How to get clear about the unit price when you got a quote on kilo price of tungsten carbide rod ?

Sometimes when you ask for a carbide rod, especially ungrounded carbide rods&#;, the supplier will quote you a kilogram price(i.e USD55/kg). you may be embarrassed because you don&#;t know the weight of the carbide bar, so it is not clear about the price of single rod, now let us come to the calculation method of the carbide rod.

The calculation of a solid carbide rod is: Weight= R*R*π3.14*L*Density/

E.g

  What is the weight of the MC10S Φ10*330mm round bar? Let&#;s calculate it together:

  5.2 (radius) * 5.2 (radius) * 3.14 (π) = 330.5 (length) * 14.4 (density) / = 0.440 kg

(Attention&#; Φ10 of blank rod we generally mean Φ10.3-Φ10.4&#;The length of carbide rods we generally keep it to 330.5 to 331 long. If you have no idea on the density ,you can get the data  from the offered grade list)

 

When you get the weight for each rod , then you can calculate the unit price easily:

The unit price of MC10S Φ10*330mm=usd55/kg X0.44kg=24.2/pc

 

5,how to know the shipping cost and import tax rate of carbide rods ?

The shipping cost can be checked by the forwarder when you have learned how to calculated the weight of tungsten carbide rods .

The tax rate can be checked by we offered HS CODE : . .Even though there will be different from each country , but the first 6 code is the same .Right now, here we offer few website for the import tax rate checking :

01 USA &#;UNITED STATES INTERNATIONAL TRADE COMMISSION

https://www.usitc.gov/tata/hts/bychapter/index.htm

How: Go to the above website and enter the first six digits of the Chinese HS CODE in the search box- under TARIFF RESOURCE- Harmonized Tariff information -****, the left border of the search results page is detailed HTS CODE, select HTS CODE according to your own product.

&#;General&#; in &#;1&#; refers to the tariffs (including China) from most of the world&#;s imported products, and &#;Special&#; refers to the import tariffs of countries with relevant FTAs in the United States (often free, but that is not for us to enjoy) of);

&#;2&#; refers to the import tariffs of special countries with limited trade (such as North Korea) that have no trade relationship with the United States.

So, we are lng at the tax rate of &#;General&#;.

02 European commission (TARIC)https://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en

03 Russian   http://www.russian-customs.org/legislation/tariff/index.html

 

By then , you must know well about the tungsten carbide rod.

Tungsten Market Size

Share

Study Period - Base Year For Estimation CAGR

>

8.00 % Fastest Growing Market North America Largest Market Asia-Pacific Market Concentration Low

Major Players

*Disclaimer: Major Players sorted in no particular order

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Tungsten Market Analysis

The tungsten market is expected to grow at a CAGR of over 8% during the forecast period.

The market was negatively impacted due to COVID-19. Due to the pandemic scenario, several countries around the world went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market has recovered from the COVID-19 pandemic and is increasing at a significant rate.

• Over the short term, the worldwide tungsten market is predicted to be driven by growing end-use sectors such as automotive, aerospace, electrical, and electronics, as well as a rise in the need for wear-resistant materials. Tungsten is utilized in electronic and electrical components such as electron emitters, lead-in wires, and electrical contacts, which is driving the global market's expansion throughout the forecasted period.
• However, increasing demand and supply gaps, as well as toxicity caused by the use of tungsten carbide, will limit the expansion of the tungsten market in the coming years.
• Nevertheless, tungsten's melting nature makes it an attractive material for the mining industry, which is expected to create major opportunities for market growth. Increased demand for tungsten carbide in cutting tools and precision equipment enhances market share by driving growth.
• The Asia-Pacific region dominates the global market, with the largest consumption being registered in China.

Tungsten Market Trends

Machine Tools and Equipment Segment is Anticipated to Hold a Significant Share

• Mining and tunneling are two industries that profit substantially from tungsten. Cemented carbides transformed the industry. The growing usage of hard metals in the mining sector and steel machining has resulted in significant growth in tungsten demand. The rising usage of tungsten materials in the weapons sector has elevated metal to crucial status.
• The reduction of metal oxide with zinc, aluminum, or hydrogen produces pure tungsten metal. The metals Mo and W have extremely high melting points and are first acquired as powders. It is compressed by hydrogen at high temperatures to become huge. Tungsten's chemistry is similar to that of molybdenum.
• During the forecast period, the mining and drilling sectors are likely to have the largest share of the tungsten market. Tungsten is an incredible metal, having the greatest melting temperature, tensile strength, and hardness of all metals.
• According to the US Geological Survey, in , the revenue of the top 40 global mining corporations, which account for the great majority of the sector, was around USD 925 billion.
• The primary application for tungsten is in cemented carbides, often known as hard metals, which have a hardness similar to diamond and are excellent for use in cutting applications and wear-resistant materials. Tungsten carbides are largely utilized in metalworking, mining, oil drilling, and building.
• According to the US Geological Survey, globally, an estimated 84,000 metric tons of contained tungsten (also known as wolfram) were produced in . China is by far the world's largest tungsten mining country, accounting for around 85 percent of global output.
• Furthermore, the overall worldwide volume of tungsten reserves amounted to 3.8 million metric tons in . Tungsten, a metal and chemical element, has numerous essential uses, such as in wear-resistant materials, heavy metal alloys, catalysts, and more. It is one of nature's most powerful materials.
• The amount of tungsten included in selected commodities imported into the United States in was 10,700 metric tons, a 17% increase from 9,200 tons in . China was the biggest supplier of tungsten imports to the United States in terms of contained tungsten, accounting for 30% of total imports in .
• All the aforementioned factors are expected to drive the mining and drilling segment, which also enhanced the demand for tungsten during the forecast period.

Understand The Key Trends Shaping This Market

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Asia-Pacific Region to Dominate the Market

• The global tungsten market is divided into seven geographical areas. China has the biggest market share and will be the top tungsten user during the projection period.
• Asia-Pacific is predicted to increase at a modest rate throughout the projection period. Increasing disposable income in emerging nations is driving demand for convenience items, helping the growth of the worldwide tungsten market.
• Due to the extensively used and interchangeable cutting tools, the carbide sector held the greatest market share in . The fastest increase is anticipated for tungsten alloys, particularly as a result of the expansion of the aircraft industry. The demand for mill goods containing tungsten will continue to expand in addition to its use in electrical and electronic equipment.
• According to Boeing, the expected growth rate of China's commercial aviation market from to is broken down by segment. Over that time, China's ground, station, and freight operations market is expected to rise by 5.6 percent.
• In , the automobile industry dominated the tungsten market. The manufacture and assembly of vehicles use tungsten in a variety of ways. Tungsten or its alloys are used in the manufacture of several automobile components, such as tire studs, ball joints, brakes, crankshafts for high-performance cars, and other mechanical components that must withstand harsh conditions or high temperatures.
• According to the CAAM (China Association of Automobile Manufacturers), China manufactured around 210,000 commercial vehicles and 996,000 passenger automobiles in April . The industry produced 1.2 million automobiles during the month, a fall of 46.2 percent from the previous month and 46.1 percent year over year.
• Furthermore, according to the OICA, China produced 27.02 million vehicles in , as compared to 26.12 million in . There was a growth of three percent from the previous year.
• Tungsten is a low-cost metal that, unlike expensive metals, is easy on the pocketbook. Several grades of tungsten carbide are used in jewelry, which affects the price. High-quality tungsten with carbon and nickel, for example, might be more expensive than lower-grade tungsten carbide combinations. Tungsten is a rare metal with the highest melting and boiling points of any element known to man. According to the US Geological Survey, the average tungsten price in will be roughly USD 270 per metric ton unit of tungsten trioxide.
• As a result, all the causes listed above are projected to increase demand for the tungsten market in the Asia-Pacific region in the future.

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Tungsten Industry Overview

• The global tungsten market is fragmented, with a very small number of large players and a large number of small players operating. Some of the major companies are Buffalo Tungsten Inc., Wolfram, ATI (Allegheny Technologies Incorporated), Umicore N.V., and A.L.M.T. Corp., among others (in no particular order).

Tungsten Market Leaders

1. Umicore N.V.

2. A.L.M.T. Corp.

3. Wolfram

4. ATI - Allegheny Technologies Incorporated

5. Buffalo Tungsten Inc.

*Disclaimer: Major Players sorted in no particular order

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Tungsten Market News

• January : The Plansee Group reached a formal agreement to buy the Indianapolis-based Mi-Tech Tungsten Metals. Mi-Tech, which employs almost 100 people, is regarded as one of the main providers of tungsten-based products in the United States.
• September : Kennametal Inc. introduced KAR85-AM-K, their most corrosion-resistant tungsten carbide grade for metal additive manufacturing. It is only accessible in conjunction with Kennametal's binder jet 3D printing capability to generate completely completed wear components.

Table of Contents

1. 1. INTRODUCTION

   1. 1.1 Study Assumptions

   2. 1.2 Scope of the Study

2. 2. RESEARCH METHODOLOGY

3. 3. EXECUTIVE SUMMARY

4. 4. MARKET DYNAMICS

   1. 4.1 Drivers

      1. 4.1.1 Growing End-use Sectors such as Automotive, Aerospace, Electrical and Electronics, as well as a rise in the need for Wear-resistant Material

      2. 4.1.2 Utilization of Tungsten in Electronic and Electrical Components such as Electron Emitters, Lead-in Wires, and Electrical Contacts

   2. 4.2 Restraints

      1. 4.2.1 Increasing demand and Supply Gaps, as well as Toxicity caused by the Usage of Tungsten Carbide

      2. 4.2.2 Other Restaints

   3. 4.3 Industry Value Chain Analysis

   4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

5. 5. MARKET SEGMENTATION (Market Size in Value)

   1. 5.1 Type

      1. 5.1.1 Foils

      2. 5.1.2 Ribbons

      3. 5.1.3 Wires

      4. 5.1.4 Tubes

         Additional resources:
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   2. 
      4 Tips to Choose a Square Steel

      5.2 Product

      1. 5.2.1 Carbides

      2. 5.2.2 Tungsten Alloys

      3. 5.2.3 Tungsten Mill Products

      4. 5.2.4 Tungsten Chemicals

   3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Aerospace

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Machine Tools and Equipment

      5. 5.3.5 Other End-user Industries

   4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

         1. 5.4.1.1 China

         2. 5.4.1.2 India

         3. 5.4.1.3 Japan

         4. 5.4.1.4 South Korea

         5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

         1. 5.4.2.1 United States

         2. 5.4.2.2 Canada

         3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

         1. 5.4.3.1 Germany

         2. 5.4.3.2 United Kingdom

         3. 5.4.3.3 Italy

         4. 5.4.3.4 France

         5. 5.4.3.5 Rest of Europe

      4. 5.4.4 Rest of the World

         1. 5.4.4.1 South America

         2. 5.4.4.2 Middle-East

         3. 5.4.4.3 Africa

6. 6. COMPETITIVE LANDSCAPE

   1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

   2. 6.2 Market Share (%) **/Rank Analysis**

   3. 6.3 Strategies Adopted by Leading Players

   4. 6.4 Company Profiles

      1. 6.4.1 A.L.M.T. Corp.

      2. 6.4.2 Allegheny Technologies Incorporated

      3. 6.4.3 Almonty Industries Inc.

      4. 6.4.4 Betek GmbH & Co. KG

      5. 6.4.5 Buffalo Tungsten Inc.

      6. 6.4.6 China Minmetals Non-Ferrous Metals Co., Ltd.

      7. 6.4.7 China Molybdenum Co., Ltd.

      8. 6.4.8 China Tungsten and Hightech

      9. 6.4.9 Chongyi Zhangyuan Tungsten Co., Ltd

      10. 6.4.10 Global Tungsten and Powders

      11. 6.4.11 Guangdong XiangLu Tungsten Co. Ltd.

      12. 6.4.12 H.C. Starck GmbH

      13. 6.4.13 International Metalworking Companies

      14. 6.4.14 Jiangxi Tungsten Holding Group Co., Ltd.

      15. 6.4.15 Jiangxi Yaosheng Tungsten

      16. 6.4.16 Kennametal, Inc.

      17. 6.4.17 Nippon Tungsten Co., Ltd.

      18. 6.4.18 Ormonde Mining plc

      19. 6.4.19 Plansee Group

      20. 6.4.20 QuesTek Innovations, LLC

      21. 6.4.21 Sandvik Group

      22. 6.4.22 Treibacher Industrie

      23. 6.4.23 Umicore N.V.

      24. 6.4.24 Wolf Minerals Limited

      25. 6.4.25 WOLFRAM Company JSC

      26. 6.4.26 Xiamen Tungsten Co., Ltd.

   5. *List Not Exhaustive

7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

   1. 7.1 Rising Mining Industry due to Increased demand for Tungsten Carbide in Cutting Tools and Precision Equipment

**Subject to Availability

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Tungsten Industry Segmentation

Tungsten, often known as wolfram, is a chemical element that has the symbol W and the atomic number 74. Tungsten is a rare metal that occurs nearly entirely in nature in compounds with other metals.

The tungsten market is segmented by form, products, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). By form, the market is segmented into foils, ribbons, wires, and tubes. By products, the market is segmented into carbides, tungsten alloys, tungsten mill products, and tungsten chemicals. By end-user industry, the market is segmented into automotive, aerospace, machine tools and equipment, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the concrete bonding agent market in 11 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Type Foils Ribbons Wires Tubes Product Carbides Tungsten Alloys Tungsten Mill Products Tungsten Chemicals End-user Industry Automotive Aerospace Electrical and Electronics Machine Tools and Equipment Other End-user Industries Geography Asia-Pacific China India Japan South Korea Rest of Asia-Pacific North America United States Canada Mexico Europe Germany United Kingdom Italy France Rest of Europe Rest of the World South America Middle-East Africa

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Frequently Asked Questions

What is the current Tungsten Market size?

The Tungsten Market is projected to register a CAGR of greater than 8% during the forecast period (-)

Who are the key players in Tungsten Market?

Umicore N.V., A.L.M.T. Corp., Wolfram, ATI - Allegheny Technologies Incorporated and Buffalo Tungsten Inc. are the major companies operating in the Tungsten Market.

Which is the fastest growing region in Tungsten Market?

North America is estimated to grow at the highest CAGR over the forecast period (-).

Which region has the biggest share in Tungsten Market?

In , the Asia-Pacific accounts for the largest market share in Tungsten Market.

What years does this Tungsten Market cover?

The report covers the Tungsten Market historical market size for years: , , , and . The report also forecasts the Tungsten Market size for years: , , , , and .

Tungsten Industry Report

Statistics for the Tungsten market share, size and revenue growth rate, created by Mordor Intelligence&#; Industry Reports. Tungsten analysis includes a market forecast outlook to for to and historical overview. Get a sample of this industry analysis as a free report PDF download.

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