Our carbide and ceramic superhard tool materials are mostly dependent on imports

It is reported that the world's growing demand for tools market. Where Europe, North America and stable growth, especially in Eastern Europe; Asian markets rebounded slightly, the market has great potential, significant growth markets in Latin America, particularly Mexico. Currently the world's cutting tool sales of over 10 billion U.S. dollars, industry developed in Europe, North America, Japan, Australia and the three major market share of 75% to 80%.

In Asia, China is an important market. It is predicted that our tool needs between 70 to 80 billion yuan, of which high-precision, high efficiency, high reliability and modern tools, such as carbide and ceramic superhard tool materials indexable cutting tool consumption is about 12 billion yuan, of which 80% to 85% dependent on imports, the tool used in mold manufacturing imports accounted for more than 90%. In the past year, the tool market has been slow demand growth, mainly due to increased tool life, then there is a user request for the entire manufacturing process to replace a lot of machines and tools. And versatile tool applications increase, a much simpler alternative to the conventional single-function tool. Users will be more emphasis on the future production plant for research and development tool, not only in the field of materials and surface coating technology, but also in the product and its production process tool focusing on aspects of production practices that help to increase the tool manufacturer in the field they are familiar the market competitiveness.


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