Thailand Cemented Carbide Market (2025-2031) | Outlook, Value, Share, Growth, Companies, Industry, Trends, Revenue, Analysis, Forecast, Size

Thailand Cemented Carbide Market Synopsis

Cemented Carbide is a composite material made of tungsten carbide and cobalt or other binder metals, which are widely used in cutting tools for machining cast iron, non-ferrous metal, plastic, chemical fiber, graphite and so on. In the Thailand market, the cemented carbide industry has been growing rapidly since 2025 with an estimated CAGR of around 7% over the forecast period (2025-2031).

Market Drivers

The key drivers for growth in Thailand cemented carbide market include increasing demand from automotive industry applications such as gear manufacturing and transmission components. Furthermore, growing demand for medical devices such as orthopaedic implants is expected to drive further growth in the sector. Also, rising disposable income leading to increased consumer spending has resulted in higher demand for products across various industries that use cemented carbides. Moreover, government initiatives like Make In India program have provided additional impetus to this sector by promoting investments in research & development activities related to the production of advanced technologies using cemented carbides.

Challenges of the Market

However there are certain challenges faced by this sector such as high cost associated with raw materials used in producing these products, availability of substitute materials like ceramics etc., stringent environmental regulations imposed by governments due to their hazardous nature resulting in difficulties while transporting them between countries/regions etc., The competition posed by low-cost imports from China also poses a challenge for local players thus hampering potential growth opportunities available domestically.

Covid-19 Impact on the Market

Due to Covid19 pandemic, most of the industrial sectors have been crippled worldwide including Thailand Cemented Carbide Market too . Though during April - June 2025 period when restrictions were at their peak still some manufacturers started production operations they had limited capacity utilization rates compared pre covid 19 scenarios. Later on, after easing out of the lockdown situation, considerable recovery was observed during the second half year mainly driven by increasing domestic consumption along with export destination markets opening up one after another. But even though it`s projected that overall performance will reach close levels attained before pandemic only towards mid-2025 timeframe till then uncertainties continue to loom large over the future outlook both locally and globally.

Key Players of the Market

Some major companies operating within Thailand cemented carbiode market space include Kennametal Inc., Sandvik AB,Tungaloy Corporation,Sumitomo Electric Industries Ltd., Mitsub.

Key Highlights of the Report:

• Thailand Cemented Carbide Market Outlook
• Market Size of Thailand Cemented Carbide Market, 2024
• Forecast of Thailand Cemented Carbide Market, 2031
• Historical Data and Forecast of Thailand Cemented Carbide Revenues & Volume for the Period 2021-2031
• Thailand Cemented Carbide Market Trend Evolution
• Thailand Cemented Carbide Market Drivers and Challenges
• Thailand Cemented Carbide Price Trends
• Thailand Cemented Carbide Porter's Five Forces
• Thailand Cemented Carbide Industry Life Cycle
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Material Composition for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Tungsten Carbide? (WC) for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Titanium Carbide? (TiC) for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Tantalum Carbide? (TaC) for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By End-users for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Automotive & Metal for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Oil & Gas for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Mining & Construction for the Period 2021-2031
• Historical Data and Forecast of Thailand Cemented Carbide Market Revenues & Volume By Electronics & Communication for the Period 2021-2031
• Thailand Cemented Carbide Import Export Trade Statistics
• Market Opportunity Assessment By Material Composition
• Market Opportunity Assessment By End-users
• Thailand Cemented Carbide Top Companies Market Share
• Thailand Cemented Carbide Competitive Benchmarking By Technical and Operational Parameters
• Thailand Cemented Carbide Company Profiles
• Thailand Cemented Carbide Key Strategic Recommendations