The market situation and competition pattern of cemented carbide are as follows:
- Geographical distribution: Domestic cemented carbide production capacity is mainly concentrated in Hunan, Jiangxi, Jiangsu, Fujian, Guangdong and other regions. This distribution is mainly affected by resource orientation and market orientation. In terms of resource orientation, Hunan, Jiangxi and other regions have relatively abundant tungsten ore resources, which gives companies in this region an advantage in raw material procurement, such as Chinatungsten High-tech, Zhangyuan Tungsten Industry, Oukeyi and other companies. In terms of market orientation, manufacturers of end products such as cutting tools and tools are relatively concentrated in the southeastern coastal area. At the same time, this area has natural shipping advantages. Therefore, cemented carbide manufacturing companies are also located in Jiangsu, Fujian, Guangdong and other places, such as Xiamen Tungsten Industry, Changying Hard Technology, Xinrui Holdings, Xianglu Tungsten Industry and other enterprises. Some companies will set up their headquarters in East China to understand market dynamics in real time and respond quickly to customer needs. At the same time, they will set up raw material production subsidiaries in Hunan, Jiangxi and other places to gain advantages in raw material procurement.
- Industry trends: The rapid growth of downstream industries and the innovation and upgrading of manufacturing equipment and processing technology have promoted the continued growth of the cemented carbide market. On the one hand, with the technological upgrading and environmental protection concepts in traditional fields such as metal and wood processing, mineral mining, and infrastructure construction, the use of emerging tools in these fields continues to grow, and the demand for cemented carbide continues to increase. On the other hand, with the in-depth research on the preparation methods and properties of cemented carbide, cemented carbide products have gradually expanded their application scope in emerging fields such as 3C products, medical devices, high-end equipment, aerospace, etc., jointly promoting the development of cemented carbide The growth of market capacity, for example, Chinatungsten Intelligent Manufacturing has made great efforts and exploration in special application fields in the flexible design and intelligent manufacturing of cemented carbide.
- Competitiveness analysis: Although my country’s cemented carbide output is large, high value-added cemented carbide products such as deep processing still rely on imports to a certain extent, and there is still a lot of room for the mid-to-high-end cemented carbide market. On the one hand, this is because the research on the preparation methods and properties of cemented carbide products continues to deepen, and the requirements for production technology and quality are getting higher and higher; on the other hand, it also reflects that my country’s cemented carbide manufacturers are developing high value-added products such as deep processing. The high-end R&D and production capabilities still need to be improved.
To sum up, the cemented carbide market shows a continuous growth trend, but the competition landscape is also becoming increasingly fierce. In this context, cemented carbide manufacturers need to continuously improve their technical level and innovation capabilities to adapt to changes in market demand and industry development trends. At the same time, it is also necessary to strengthen cooperation and exchanges with upstream and downstream enterprises to improve the synergy and comprehensive competitiveness of the industrial chain.
More details of tungsten carbide product, please visit website: http://tungsten-carbide.com.cn/
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