Tungsten carbide (WC) is an inorganic chemical compound containing equal parts of tungsten and carbon atoms. In its most basic form, it is a fine gray powder, but it can be pressed and formed into shapes for use in industrial machinery, tools, abrasives, as well as. Tungsten carbide is approximately three times stiffer than steel, and is much denser than steel or titanium. Tungsten Carbide Hard Metals are primarily produced using a Powder Metallurgy process. Tungsten carbide rods, commonly used to make drill bits, PCB board micro-drill, mold thimble, die top etc.
The global tungsten carbide market, by value, is estimated to witness growth at a CAGR of 4.4% over the period 2016 to 2022. This growth in the market is attributed to the increasing demand for various applications such as metal cutting tools; wear parts, mining & drilling tools etc. As a whole any entrepreneur can venture in this project without risk and earn profit.
Few Indian major players are as under
· All Metal Process Inds. Ltd.
· Ceratizit India Pvt. Ltd.
· Creative Tools & Press Components Pvt. Ltd.
· Rapicut Carbides Ltd.
· Riddhi Steel & Tube Ltd.
· Taegutec India Pvt. Ltd.