China Tungsten Carbide Market

With the rapid expansion of China's automobile industry, the demand for auto parts processing cutting tools is also increasing. In China steel, transportation, construction and other fields, the demand for tungsten carbide is also increasingly strong. In the foreign tungsten carbide MNCs' Strategic picture, Chinese market has been quietly from a supporting role to the protagonist.

The analysis pointed out that up to the end of the "12th Five-Year plan", Chinese tungsten carbide production reached 30,000 tons, sales income reached 300 billion yuan, the production of deep-processed products accounted for 40% of the total tungsten carbide. Exports compared to the "11th Five-Year plan" will double, and strive to be more than 1 billion U.S. dollars. Tungsten carbide will develop towards to the direction of intensive processing, ultra-fine, ultra-thick coating composite structure; to the recycling economy, energy saving and environmental protection direction; precision and miniaturization direction.


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