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The Development Trend Of My country’s Cemented Carbide And Tool Industry

Carbide can generally be used to make drill bits, cutting tools, rock drilling tools, mining tools, wear-resistant parts, cylinder liners, nozzles, motor rotors and stators, etc., and is an indispensable development material in industrial development. However, the development of my country's cemented carbide industry has been in a silent state. Compared with the market development of foreign cemented carbide industry, the domestic cemented carbide market has yet to be developed.

So, what are the development trends of my country's cemented carbide and tool industry? Don't worry, today I will talk with you through this article, what is the development trend of my country's cemented carbide and tool industry.

1. The process of industrial integration has accelerated, and the number of acquisitions in the industry has increased

The cemented carbide and tool industry belongs to the middle and lower reaches of the cemented carbide industry chain. The upstream is the mining and smelting industry of metal compounds and powders such as tungsten and cobalt, and the downstream is machining, petroleum and mining, automobile manufacturing and aerospace. and other application areas.

Due to the large number of subdivision products of cemented carbide and the wide range of downstream applications, there have been certain barriers between each market segment for a long time. Therefore, in the following development trends of the domestic market, enterprises in the industry will generally continue to develop new products through continuous development. As well as mergers and acquisitions within the industrial chain to increase the market size of the company and enhance the competitiveness of the company.

2. The localization of high-end cemented carbide and tools is the main direction of industry development. my country is in a critical period of transformation and upgrading of the manufacturing industry, and high-end CNC tools, precision parts molds, etc. are the key industrial spare parts to improve the manufacturing level and labor efficiency. long-term dependence on imports. This requires relevant domestic enterprises to break through the technical barriers of high-end cemented carbide, and to realize the localization of high-end cemented carbide and its tools is the main development direction of domestic cemented carbide enterprises.

3. The overall service capability of domestic cemented carbide and tool enterprises needs to be improved

Compared with foreign companies in the same industry, domestic enterprises in the cemented carbide industry generally have the characteristics of single product, insufficient understanding of customer needs or inability to respond to customer needs in a timely manner, and cannot provide customers with overall solutions, resulting in domestic companies exporting low-end, Pre-processed products are the main products, the international market share is insufficient, and the profit margin is low.

International and domestic enterprises need to focus on the systemic needs of customers, be able to provide customers with systematic and complete solutions, and timely grasp the changes in customers' actual needs, actively adjust product structure, strengthen supporting services, and transform from a single tool manufacturer to a comprehensive tool manufacturer. service provider. In order to further enhance the competitiveness of enterprises and enhance the profitability of enterprises.

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Post time: May-30-2023