In recent years, the output of my country’s cemented carbide industry has shown an overall growth trend. The output of the domestic cemented carbide industry has increased from 33,800 tons to 51,000 tons, with a CAGR of 10.83%. The main reason is the rapid growth of downstream industries. 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 traditional industries continues to increase, and the use of hard tools in traditional industries continues to increase. The demand for high-quality alloys is also increasing. 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 radius in emerging fields such as 3C products, medical devices, high-end equipment, aerospace, etc., jointly promoting the development of cemented carbide The market capacity continues to grow.
In addition, innovation and upgrading of manufacturing equipment and processing technology promote the expansion of cemented carbide products into high value-added products. With economic development and technological progress, the requirements for new materials continue to increase, and the required properties and production processes of cemented carbide products become more complex, prompting cemented carbide manufacturers to continue to invest in high-added products such as deep processing based on their own technical advantages and operating characteristics. Value product side extension. From the perspective of industry competition, my country’s current 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.
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