Tungsten carbide powder used in global paints and coatings market forecasted to reach $262.5 billion by 2023, the market growth is driven by the increasing demand for painting and coating solutions from the automotive, electronic, and construction industries. Especially it’s important adoption in 3D printing.

Tungsten industry with decades of development has gradually matured and the market competition is relatively full. However, the current industrial concentration is still low. There are four main barriers for new commers to entering the tungsten industry

Forecast on global tungsten carbide powder market size is likely to reach $2,176.8 million by 2023 from 14.5 billion valued in 2015 for a large scale, according to the market research report published by P&S Intelligence. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices were in the downward trend in the week ended on Friday June 14 as the expected fundamental recovery cannot relieve pressures of weak demand and capital shortage. Mainstream tungsten product prices tended to decline to the level of cost. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide edge higher early in this week on boosted market confidence. For medium and heavy rare earths, businesses have strong rised mentality under the worry of tight supply and active trading of downstream factories. Light rare earth elements also are boosted by the rise in ores, especially for rare earth oxides.  

China molybdenum prices showed signs of decline in the week began on Monday June 17 affected by the drop in transaction prices of raw materials and pressed steel tenders. Market confidence now is weak and traders have different views on the outlook with low trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to maintain at a relatively low level in the week ended on Friday June 14, 2019. Although mainstream mining enterprises and smelting factories jointly together to cut production and stock prices of tungsten have soared, spot market transactions do not increase due to oversupply in the market and weak confidence of traders. 

China rare earth price continued its upward trend in the week ended on Friday June 14 because reduced imports of Burma mines and the country’s control in the industry made market confidence keep firm. 

Molybdenum prices in China showed signs of decline in the week ended on Friday June 14. The lowered transaction prices of raw materials and decreased quantity of steel tenders weakened market confidence to some extent. Traders have different views on the outlook with low trading enthusiasm. 

China's main ammonium paratungstate (APT) producers have agreed to reduce or halt production in June to stabilise the market.