The discovery of metals played an important role in the advancement of the human civilization, by taking people away from the primitive stone tools. Therefore, the metalworking industry has been undergoing continuous growth since at least 2,000 BC. From simple kitchen tools to mega machines, a wide variety of stuff is made of metals. These materials need to be cut, carved, shaved, melted, and molded into a variety of shapes and sizes in order to manufacture the final object.
Another key industry where tungsten-carbide-coated cutting and drilling tools are used is oil and gas. During exploration and production (E&P), the ground or seabed is drilled into to reach the fossil fuel reserves. Since the reserves are often at great depths and topped by hard rocks, the drills need to be really strong. Moreover, cutting tools are widely used for manufacturing pipes and laying them from the fossil fuel reserve to a central depot or the port and then within refineries.
Due to its usage in cutting and drilling tools, the demand for the powder is rising in the tools used during construction as well. Just like automotive production, construction also involves cutting, shaping, shaving, grinding, and drilling into metals, plastics, and stones. The burgeoning population is driving the construction of houses, commercial facilities, office complexes, and factories, which is pushing up the procurement of cutting tools coated with tungsten carbide. As per the World Bank, the value of the global construction industry has increased from $7.586 trillion in 1991 to $22.048 trillion in 2020!
Another area where the application of this material is rising is 3D printers. With the cost and other advantages 3D printing, or additive manufacturing, offers, its usage is burgeoning in the aerospace & defense, automotive, and many other industries. The technology reduces material wastage and allows for the production of complex parts in one go, rather than having to manufacture the individual components and then weld or fasten them together. Tungsten carbide is now being used to manufacture the nozzles of 3D printers as this material has numerous benefits over steel.
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