The Global Cemented Carbide Plate Market was valued at USD 14.8 Billion in 2024 and is projected to reach USD 20.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This robust expansion is fueled by surging demand from the manufacturing, mining, and oil & gas sectors, driven by the material’s exceptional hardness, wear resistance, and longevity under extreme conditions.

As global industries push for greater efficiency and durability in tooling and equipment, the focus shifts to the key manufacturers who are innovating in material science and production. In this blog, we profile the Top 10 Companies in the Cemented Carbide Plate Industry—a combination of global giants and specialized producers shaping the future of industrial materials.

Download FREE Sample Report:
Global Cemented Carbide Plate Market – View in Detailed Research Report

---

🔟 1. SUMITOMO ELECTRIC

Headquarters: Osaka, Japan
Key Offering: Coarse Grain WC, Fine Grain WC Plates

SUMITOMO ELECTRIC is a global leader in cemented carbide products, renowned for its advanced materials technology. The company’s carbide plates are critical components in cutting tools, wear parts, and mining equipment, serving a diverse international clientele with a focus on high-performance grades.

Innovation and Market Initiatives:

• Development of ultra-hard, fracture-resistant grades for demanding applications

• Expansion of production capacity in Asia and North America

• Strong R&D focus on extending product lifecycle and sustainability

---

9️⃣ 2. MITSUBISHI MATERIALS

Headquarters: Tokyo, Japan
Key Offering: Cemented Carbide Plates for Metal Cutting and Wear Solutions

MITSUBISHI MATERIALS Corporation holds a significant share of the global cemented carbide market. The company provides a wide array of carbide plates tailored for machining, mining drills, and industrial wear components, backed by extensive research into powder metallurgy.

Innovation and Market Initiatives:

• Pioneering nano-grade carbide technologies for superior toughness

• Strategic acquisitions to strengthen global supply chain

---

8️⃣ 3. Kennametal

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Kennametal® Hardened Plates, Custom Carbide Blanks

Kennametal is a foremost American manufacturer of engineered components, with cemented carbide plates at the core of its tooling systems. The company serves the aerospace, energy, and transportation sectors with products known for their reliability in high-stress environments.

Innovation and Market Initiatives:

• Investment in digital manufacturing and additive technologies for carbide

• Focus on sustainable manufacturing processes and recycling of tungsten scrap

Download FREE Sample Report:
Global Cemented Carbide Plate Market – View in Detailed Research Report

---

7️⃣ 4. Zhuzhou Jinggong Cemented Carbide Co.,Ltd.

Headquarters: Zhuzhou, Hunan, China
Key Offering: JG Cemented Carbide Plates, Rolls, and Rods

As a major player in China’s tungsten industry, Zhuzhou Jinggong specializes in producing high-quality cemented carbide plates for industrial wear parts and cutting tools. The company leverages China’s rich tungsten resources to compete aggressively in the global market.

Innovation and Market Initiatives:

• Large-scale production of both coarse and fine grain carbide plates

• Growing export footprint in Southeast Asia and Europe

---

6️⃣ 5. Xiamen Tungsten

Headquarters: Xiamen, Fujian, China
Key Offering: Tungsten Carbide Plates, Intermediate Products

Xiamen Tungsten is one of the world’s largest tungsten producers, with a vertically integrated business model from mining to advanced carbide products. Its cemented carbide plates are essential for tools used in automotive and machinery manufacturing.

Innovation and Market Initiatives:

• Vertical integration ensures cost control and supply chain security

• Significant investments in R&D for new alloy compositions

---

5️⃣ 6. ZW

Headquarters: Zhuzhou, Hunan, China
Key Offering: ZW Brand Cemented Carbide Strips and Plates

ZW (Zhangyuan Tungsten) is a prominent manufacturer known for its comprehensive range of tungsten products. The company’s cemented carbide plates are widely used in the production of saw tips, wear parts, and precision tools, catering to a global industrial base.

Innovation and Market Initiatives:

• Focus on cost-effective production for mass-market applications

• Expansion into high-value segments like micro-tools

---

4️⃣ 7. China Minmetals Corporation

Headquarters: Beijing, China
Key Offering: Cemented Carbide Plates for Mining and Construction

China Minmetals, a state-owned enterprise, is a dominant force in the global metals and minerals sector. Its cemented carbide division produces heavy-duty plates designed for the harsh conditions of mining, tunneling, and oilfield exploration.

Innovation and Market Initiatives:

• Leveraging vast mineral resources for raw material advantage

• Strategic focus on serving infrastructure-driven growth markets

---

3️⃣ 8. GuangDong XiangLu Tungsten

Headquarters: Guangdong, China
Key Offering: Specialized Cemented Carbide Plates

GuangDong XiangLu Tungsten specializes in the research, production, and sale of tungsten fine chemicals and cemented carbide products. The company is known for its consistent quality and strong presence in the domestic and Asian markets.

Innovation and Market Initiatives:

• Development of environmentally friendly production techniques

• Capacity expansion to meet rising domestic demand

---

2️⃣ 9. JXTC

Headquarters: Jiangxi, China
Key Offering: JXTC Cemented Carbide Plates and Tools

Jiangxi Tungsten Industry Group (JXTC) is a key manufacturer in one of China’s primary tungsten-producing regions. The company offers a broad portfolio of carbide plates that are critical for industrial machining and wear-resistant applications.

Innovation and Market Initiatives:

• Integration of upstream tungsten processing with downstream product manufacturing

• Focus on technological upgrades to enhance product performance

Download FREE Sample Report:
Global Cemented Carbide Plate Market – View in Detailed Research Report

---

1️⃣ 10. JIANGXI YAOSHENG

Headquarters: Jiangxi, China
Key Offering: YAOSHENG Brand Carbide Plates and Inserts

JIANGXI YAOSHENG completes the list as a significant supplier of cemented carbide products. The company manufactures plates that are essential for creating durable cutting tools and wear parts, serving both specialized and general industrial markets.

Innovation and Market Initiatives:

• Emphasis on quality control and certification to international standards

• Growing export-oriented business model

Get Full Report Here:
Global Cemented Carbide Plate Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Cemented Carbide Plates Is Smarter and More Efficient

The cemented carbide plate market is experiencing a significant transformation. While traditional applications in metal cutting and mining remain the bedrock of demand, the industry is heavily investing in advanced material science, digital manufacturing, and customized solutions to meet the evolving needs of modern industry.

📈 Key Trends Shaping the Market:

• Rising adoption of Fine Grain WC for high-precision tools in aerospace and medical device manufacturing

• Growing demand from the renewable energy sector for wear-resistant components in wind turbines and drilling equipment

• Increased automation in manufacturing driving need for longer-lasting, reliable tooling materials

• Strategic consolidation and partnerships among key players to optimize supply chains and expand geographic reach

Get Full Report Here:
Global Cemented Carbide Plate Market – View in Detailed Research Report

The companies profiled above are not just supplying materials—they are enabling the durability and efficiency of global industrial operations, from the deepest mines to the most advanced manufacturing floors.