Based on application, global market has been segmented into tungsten carbide, metal alloys, mill products, and other applications such as salts, tungstates, sulfides, oxides, etc. Carbide is the largest application segment and is likely to grow with a CAGR of around 8% during the forecast period. Increasing usage of these products as drilling, boring, and cutting tools in various industries will drive the tungsten market.

“One of the reasons we gravitated to Anca was the ability to automate our grinding wheel changes. We can utilize up to six different wheel packs without any manual intervention,” said Taylor. “We produce complex tools requiring many styles of grinding wheels for the same tool. This is something that is key to our success. The accuracy and high-speed movements of this machine have also helped us produce complex tools faster than previous generations of machines.”

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Taylor Toolworks manufactures and services cutting tools for the North American metalworking and woodworking industries. It is the biggest part of its business. The company is run by President Jesse Taylor and his sister Kristyn Pixley, who has worked there for more than 15 years.

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Most of the companies in the market are integrated across the value chain and are involved in raw material production, processing as well as manufacturing of finished products.

It is used in lighting technology, electronics, power engineering, automotive & aerospace sectors, coating & joining technology, medical technology, and many other important industries worldwide.

“The pandemic definitely has confirmed the need to be a diverse manufacturer. We produce tools for all types of manufacturers, including aerospace, transportation, energy, wood, and plastic,” said Taylor. “When the pandemic first hit, we were called upon to make tooling required to produce life-saving ventilators. We were able to produce multifunctional profile tools that enabled part manufacturers to produce ventilators faster than ever before.”

Besides the new MX7 Linear machine, the company has three other Anca machines, including the Fastgrind system for resharpening tools.

Since its discovery in the middle ages, tungsten or wolfram has been used by humans for a wide range of applications. The tungsten market makes an important contribution to a country’s economy, through its use in high-speed steel tools and cemented carbide, and by helping to achieve high productivity levels in manufacturing industries.

Tungsten Market size was estimated over USD 3.5 billion in 2017 and the industry will grow by a CAGR of around 8% through 2025. Increasing product deployment in different end-user industries such as automotive, aerospace, defense, electronics, oil & gas, mining, etc., will augment the global market.

“This allows us to program tools [virtually] on a desktop before they are processed on the actual machine. This saves valuable machine time,” said Taylor.

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Tungsten carbide is the most popularly used form of the product which has hardness close to diamond. It is denser than steel and titanium, twice as hard as any steel grade, and has extremely high wear resistant. Due to these characteristics, the product is widely used in construction, mining, and metalworking applications.

Purchasing capital equipment can be a daunting task, but Taylor Toolworks, Calgary, found that with the right research and understanding of its business needs, the benefits offered by new technology can be a game-changer.

The company offers a reconditioning service, which involves tool regrinding, tool recutting, and tool recoating. It also has an in-house PVD-coating Centre.

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“Offline simulation offers Anca users the ability to design a tool away from the machine (on a desktop PC), not consuming valuable machine time,” said Riddiford. “The ability to look at a finished tool without having made it on the machine and risk making a potentially scrapped piece or finding an incorrect program movement is key. You also can obtain cycle times from the simulation that can assist you in quoting a job.”

The market may face challenges from the huge demand-supply gap over the past years, causing a significant drop in the product prices since 2014. This led to a fall in the global market size in terms of revenue, and the manufacturers underwent losses in order to balance the demand-supply dynamics. Though, the prices stabilized after 2016, leading to a rise in the market size, the level of uncertainty may pose hindrances in tungsten market share over the coming years.

Asia Pacific, having accounted for more than half of the product demand in 2017, is poised to grow by more than 8% CAGR. The regional industry will be chiefly driven by China, which is the largest producer as well as consumer of the product. High growth in China’s automotive, aerospace, mining, and electronics sector will be the major factor behind its dominant tungsten market position.

End mills produced at the shop have superpolished flutes, special-grade carbides, and special coating for maximum performance. Custom tooling also is made to a customer’s specifications for both the woodworking and metal industry. These include micrograin carbide inserts, custom-profile tools, and step drills.

The machine generates 51 HP of peak spindle power, has linear scales on its X and Y axes, and includes a standard six-station wheel changer that stores and changes up to six wheel packs. In addition, the machine uses Anca’s LinX linear motors for X and Y axis motion, has an integrated wheel dresser, and is automated.

North America will grow by a CAGR of around 7% from 2018 to 2025. Developments in the country’s automotive, aerospace & defense, and oil & gas sectors will propel the tungsten market value in coming years. Latin America and Middle East & Africa regions have much lower product demand when compared with other regions. However, these regions will have a high industry growth rate during the forecast period.

The company also uses Anca’s Tool Room software, which provides specific applications for each tool produced at Taylor Toolworks, such as a step tool editor or a profile tool editor.

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The machine can handle varied batch sizes with minimal setup time and is suitable for high-volume production for tools up to 1 in. dia. The new cylindrical linear motor design increases reliability and ensures a superior surface finish.

Aerospace components is also an important tungsten market end-use sector which is poised to grow by more than 7% CAGR during the forecast period. The product is extensively used in manufacturing aerospace components such as rotor blades, propellers, inertial systems, fluid control systems, bucking bars, trim weights, aircrafts balance weights, and many more.

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The mining sector is a key end-user for the product, especially for carbides. Numerous industries worldwide depend on the supply of commodities from the mining sector. The top 40 companies, which represent a vast majority of the global mining industry, generated around USD 600 billion of revenue in 2017.

Tungsten market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2014 to 2025, for the following segments: Click here to Buy Section of this Report

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Mill products segment accounted for around one-tenth of the overall market. The segment’s demand is likely to grow by more than 7% from 2018 to 2025. Mill products are pure tungsten metal products such as electrodes, lighting filaments, electrical & electronic contacts, sheets, wires, rods, etc. Developments in the electronics industry will be the major factor driving the mill tungsten market growth during the forecast period.

According to Taylor, the tools produced on this machine include complex profile tools as well as step drills, through-coolant drills, and form tools. Applications for these tools are found in the aerospace, woodworking, general machining, and even plastics cutting.

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Taylor said that the new tool grinding machine has allowed his company to have greater versatility in its manufacturing.

Solid-carbide ball-end milling cutters for aerospace applications require tight tolerances and fine finishes.

This would increase the demand for tungsten carbide because it is widely used in the mining industry in manufacturing top hammer rock drill bits, roller-cutters, downhole hammers, raise boring reamers, long wall shearer picks, long wall plough chisels, tunnel boring machines, etc. With increasing demand for precious metals in China and other developing countries, the global mining industry is likely to maintain an upward trend in coming years and will propel the tungsten market growth.

Based on end-use, the global tungsten market is segmented as automotive parts, aerospace components, drilling, boring & cutting equipment, logging equipment, electrical & electronics appliances, and other end-uses including chemical, defense equipment, etc. Drilling, boring and cutting equipment is a major end-use sector in the product market.

Recently the company purchased an Anca CNC MX7 Linear tool grinding machine because it met its demand of high-output, high-precision manufacturing.

Majority of the product is used in manufacturing cemented carbides or hard metals. These are materials made by cementing tungsten carbide grains in a binder matrix of a tough nickel or cobalt alloy using the process of sintering.

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Jesse Taylor, president of Taylor Toolworks, Calgary, stands in front of his company’s new Anca MX7 Linear tool grinding machine.

“The Anca linear motors provide a superior surface finish with an accurate and smooth movement for the part being ground. These linear motors are tubular in their design, which creates no friction or heat, compared to traditional flat linear motors. You also have the maintenance aspect of reliability and consistently accurate movement versus ball screws, which were used in the past by many machine tool builders, including Anca,” said Russell Riddiford, president of Anca Americas.

The segment will register around 8% CAGR during the forecast period. These equipment are used in mining, construction, oil & gas, and metalworking industries.

“Grinding carbide these days is particularly challenging because of all the different grades being used for specific applications,” explained Taylor. “We grind many different carbide grades containing between 3 and 10 per cent cobalt content. Using our new Anca MX7 machine equipped with more than 50 HP and high-pressure coolant makes fluting operations much easier.”

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Being in the industry for more than 20 years, Taylor saw Anca machines at various tradeshows. When he was ready to make a machine purchase, he talked to several people at shows, including Anca application specialists. This made him take a closer look at the machines and he saw that they were suitable for his needs.

With state-of-the-art 5-axis CNC grinding, combined with the use of good-quality micrograin carbide products, Taylor Toolworks maintains the highest tooling tolerances and creates mirror finishes needed for high-performance tooling.