Tungsten Carbide Price Trend

Tungsten Carbide Price Trend, Index and Forecast

Track the latest insights on tungsten carbide price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Tungsten Carbide Prices Outlook Q2 2025

• USA: US$ 57.4/KG
• China: US$ 51.8/KG
• Germany: US$ 56.1/KG
• Canada: US$ 76.4/KG
• Austria: US$ 51.2/KG

Tungsten Carbide Price Chart

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During the second quarter of 2025, the tungsten carbide prices in the USA reached 57.4 USD/KG in June. As per the tungsten carbide price chart, prices were influenced by steady growth due to its dominant aerospace and defense sectors. Besides, increased military spending and ongoing advancements in aircraft manufacturing fueled the demand for tungsten carbide powder.

During the second quarter of 2025, tungsten carbide prices in China reached 51.8 USD/KG in June. China’s tungsten prices followed a composite trajectory characterized by fluctuating gains, record-high peaks, and eventual stabilization at elevated levels. The initial price rally was fueled by strong demand from the cutting tool, automotive, and aerospace industries, where tungsten carbide remains a critical material due to its exceptional hardness and thermal stability.

During the second quarter of 2025, the tungsten carbide prices in Germany reached 56.1 USD/KG in June. Infrastructure development and the growth of the oil and gas sector helped the region's development. Due to their advanced machining and die manufacturing skills, Germany was among the top customers of tungsten carbide. The demand was largely driven by the aerospace and defense industries, where tungsten carbide is necessary for the production of vital components.

During the second quarter of 2025, the tungsten carbide prices in Canada reached 76.4 USD/KG in June. Enhanced manufacturing capabilities and supportive trade frameworks significantly contributed to the expanding use of tungsten carbide in Canada. Besides, government incentives, streamlined import-export regulations, and infrastructure investment also played a significant role.

During the second quarter of 2025, the tungsten carbide prices in Austria reached 51.2 USD/KG in June. Growth in industries like automotive, aerospace, mining, construction, and electronics, influenced demand and pricing trends. Besides, rising energy costs also impacted pricing. 

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the tungsten carbide prices.

Global Tungsten Carbide Price Trend

The report offers a holistic view of the global tungsten carbide pricing trends in the form of tungsten carbide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of tungsten carbide, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed tungsten carbide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Tungsten Carbide Price Trend

Q2 2025:

As per the tungsten carbide price index, prices in Europe were influenced by a combination of factors, including strong industrial demand, particularly in green tech and high-value manufacturing, and persistent energy cost pressures. Besides, the market showed cautious optimism mid-quarter, and labor shortages and inflation impacted costs. 

This analysis can be extended to include detailed tungsten carbide price information for a comprehensive list of countries.

North America Tungsten Carbide Price Trend

Q2 2025:

Tungsten prices in North America were witnessing an upward trend, driven by factors like tight global supply, strategic downstream demand, and logistical challenges, which also impacted prices for tungsten carbide. Besides, high input costs and ongoing logistics challenges kept tungsten production costs elevated, which in turn affected prices. 

Specific tungsten carbide prices and historical data within the United States and Canada can also be provided.

Middle East and Africa Tungsten Carbide Price Trend

Q2 2025:

The report explores the tungsten carbide trends and tungsten carbide price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on tungsten carbide prices for countries can also be provided.

Asia Pacific Tungsten Carbide Price Trend

Q2 2025:

Tungsten carbide prices in the Asia Pacific region were generally stable with a slight upward trend, driven by increased demand and supply chain tightness. Besides, infrastructure development in the Asia Pacific region was also a key driver of price fluctuations. Moreover, China’s tungsten prices witnessed fluctuating gains, record-high peaks, and stabilization at elevated levels, further impacting tungsten carbide prices.

This tungsten carbide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Tungsten Carbide Price Trend

Q2 2025:

Latin America's tungsten carbide market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in tungsten carbide prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the tungsten carbide price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing tungsten carbide pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Tungsten Carbide Price Trend, Market Analysis, and News

IMARC's latest publication, “Tungsten Carbide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the tungsten carbide market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of tungsten carbide at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed tungsten carbide price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting tungsten carbide pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Tungsten Carbide Industry Analysis

The global tungsten carbide market size reached USD 21.6 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 33.3 Billion, at a projected CAGR of 4.90% during 2025-2033.

• The automotive and aerospace sectors are major consumers of tungsten carbide due to its exceptional durability, high melting point, and resistance to wear. In automotive manufacturing, it is widely used in cutting tools, dies, and wear-resistant components. Similarly, aerospace applications rely on tungsten carbide for precision parts that must endure extreme stress and temperature. As global automotive production rebounds and air travel increases, demand for high-performance materials is surging. Additionally, the growing adoption of electric vehicles (EVs) is fueling the need for precision machining and tooling solutions, where tungsten carbide plays a crucial role. In aerospace, ongoing investments in next-generation aircraft and maintenance of existing fleets are further boosting the need for high-strength materials. These trends underscore the increasing reliance on tungsten carbide for achieving greater operational efficiency and product longevity across both sectors, positioning it as a critical material in advanced manufacturing ecosystems.
• The global uptick in mining and construction activity is significantly contributing to the tungsten carbide market’s growth. These industries require highly durable tools and machinery components capable of withstanding abrasive environments, precisely where tungsten carbide excels. It is used extensively in drill bits, tunneling equipment, crushing tools, and wear plates, providing superior performance and reduced maintenance. Infrastructure development projects in emerging economies and mineral exploration in resource-rich regions have intensified the need for robust and efficient tools. Moreover, the demand for metals and minerals such as copper, lithium, and rare earths, key to clean energy technologies, is accelerating mining operations, thus boosting the consumption of tungsten carbide-based equipment.
• The expanding scope of the metalworking and precision machining industries is a significant factor propelling the tungsten carbide market. Its unmatched hardness and resistance to deformation make it the material of choice for cutting tools, inserts, end mills, and wear-resistant components used in industrial manufacturing. As industries push for higher productivity and reduced downtimes, tungsten carbide enables efficient machining of hard metals and composites at high speeds with longer tool life. The increasing shift toward automation and CNC (Computer Numerical Control) machining also elevates the need for tools that can endure continuous and high-precision operations. Furthermore, the growing complexity of components across sectors like electronics, medical devices, and defense drives demand for advanced cutting tools that can maintain tight tolerances—an area where tungsten carbide excels. Overall, its critical role in enhancing production quality, reducing tooling costs, and meeting modern industrial performance standards is a major driver of market expansion.

Tungsten Carbide News

The report covers the latest developments, updates, and trends impacting the global tungsten carbide industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in tungsten carbide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the tungsten carbide price trend.

Latest developments in the Tungsten Carbide industry:

• May 2022: GE Additive announced that Kennametal Inc. joined its Beta Partner Program as the newest member. Kennametal focuses on advancing its Binder Jet printing capabilities in cemented tungsten carbide as it continues to scale its end-to-end metal additive manufacturing solutions, from metal powders through to the production of 3D-printed parts and tooling.

Product Description

Tungsten carbide is a dense, extremely hard compound composed of tungsten and carbon atoms in equal proportions. Known for its exceptional durability, it exhibits high resistance to wear, abrasion, and high temperatures, making it ideal for cutting tools, mining equipment, and industrial machinery. Often used in the form of cemented carbide (combined with a metal binder like cobalt), it delivers outstanding toughness and performance in harsh environments. Its hardness approaches that of diamond, enabling precise machining and prolonged tool life. Additionally, tungsten carbide is utilized in jewelry, aerospace components, and defense applications due to its strength and corrosion resistance.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of tungsten carbide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting tungsten carbide price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tungsten carbide price charts ensure our clients remain at the forefront of the industry.