Cemented carbide is generally used to make drill bits, cutting tools, rock drilling tools, mining tools, wear-resistant parts, cylinder liners, nozzles, motor rotors and stators, etc. It is an essential development material in industrial development.
What about the development trend of China's cemented carbide and tool industry?
1. The process of industry integration accelerates and the number of acquisitions in the industry increases
The cemented carbide and tool industry belongs to the middle and lower reaches of the cemented carbide industry chain, with its upstream being the mining and smelting industry of tungsten, cobalt and other metal compounds and powders, and its downstream being the application fields of machining, oil and geological excavation, automobile manufacturing and aerospace.
Due to the large number of cemented carbide segments and the wide range of downstream applications, there are certain barriers among the segments for a long time, so in the next development dynamics of the domestic market, the companies in the industry will generally enhance their market scale and competitiveness through the continuous development of new products and the acquisition and merger within the industry chain.
2. The localization of high-end carbide and tools is the main direction of industry development
China is in a critical period of transformation and upgrading of manufacturing industry, and high-end CNC tools, precision parts and molds, etc., as key industrial spare parts to enhance the manufacturing level and labor efficiency, have long relied on imports. This requires the relevant domestic enterprises to break through the technical barriers of high-end cemented carbide and realize the localization of high-end cemented carbide and its tools is the main direction of the development of domestic cemented carbide enterprises.
3. The overall service capability of domestic carbide and tools enterprises needs to be improved
Compared with foreign companies in the same industry, domestic carbide industry enterprises generally have a single product, insufficient understanding of customer needs or cannot respond to customer needs in a timely manner, and cannot provide overall solutions for customers, resulting in the export of domestic enterprises to low-end, primary processing products, insufficient international market share and low profitability.
Domestic enterprises need to take the systematic needs of customers as the center, to be able to provide customers with systematic and complete solutions, and timely grasp the actual needs of customers change, actively adjust the product structure, strengthen supporting services, from a single tool manufacturer to become a comprehensive service provider. Only then can we further enhance the competitiveness and profitability of the enterprise.
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