Tungsten carbide cutting tool, a type of super-hard cutting tool, has gained wider applications with the development of high-end manufacturing industries in China. We can surely say that the development in high-end manufacturing industry has significantly promoted that in the tungsten carbide cutting tool industry.

 

I. In machine tool industry, which plays a leading role in manufacturing industry, the rapid growth of numerically-controlled machine tools contributes to the expanded tungsten carbide cutting tool market. We all know that a machine tool needs to work with more than a dozen types of cutting tools, or even more. Also, cutting tool is a kind of consumable and thus needs regular replacement to ensure constant high efficiency. In 2009, China ranked the first around the world in machine tool output, and with year-on-year growth of more than 64 percent in the import of various kinds of cutting tools in China at the same term. All these show that the market demand of domestic tungsten carbide cutting tools is not a problem, instead, the backwardness in its production is the real issue we should be concerned about. 

 

II. The demand of shield tunneling machines in railway construction for tungsten carbide cutting tools is growing fast currently. The hobbing cutter bit has to be replaced every 200 to 300 meters when the shield tunneling machine moves. By 2015, the subway traffic mileage is expected to reach 3900 kilometers, while 7000 kilometers by 2020.

 

 

III. The basic PCB sub-industry of information industry, which has been listed as the pillar industry will maintain an average growth rate of 9.3% in the next five years and the increased amount of PCB consumption is expected to reach 4 billion RMB.

 

IV. About 60%-80% of drilling work in geological prospecting and mine mining is done by using tungsten carbide drill bits. With the growing mining depth, the consumption of tungsten carbide cutting tools for mining is expected to remain an average increase of 30% in the next five years.

 

 

 

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