The answer lies in its exceptional combination of physical properties, primarily its extreme hardness and superior wear resistance.
Unmatched Hardness: Tungsten carbide is a composite material, typically consisting of hard tungsten carbide particles (90-95%) bonded together by a tough cobalt or nickel matrix (5-10%). This gives it a hardness close to that of a diamond, significantly outperforming hardened steel. This hardness directly translates to an incredible ability to resist abrasion from sand, shale, and rock cuttings.
Critical Strength & Toughness: While hard materials can be brittle, the metallic binder in tungsten carbide provides crucial fracture toughness and compressive strength. It can withstand the enormous crushing forces and impacts encountered in downhole drilling without shattering.
Corrosion Resistance: When using a nickel-chromium binder, tungsten carbide parts also offer excellent resistance to corrosion from saline drilling muds and other wellbore fluids.
In short, it provides the perfect balance of hardness to resist wear and toughness to survive impacts—a combination no other material offers as effectively for these applications.