Tungsten Carbide Cutting Tool Market Condition

Details: Category: Tungsten's News; Published on Tuesday, 28 October 2014 17:53

Tungsten carbide cutting tool market in China is one of the very few globalized markets around the world. Most of the fairly large cutting tool companies have set up offices in China or sell their products through commercial agents. Cutting tool products from America, Germany, Japan and other countries can be seen everywhere in the market. However, tungsten carbide cutting tool market in China has relatively low industry concentration, which mainly stems from the low bars for the cutting tool industry. Many small enterprises can start tool production with just a few lathes. When the market is booming, the demand for low-end products generally exceeds their supply, which accelerates the decentralization of cutting tool industry.

Overall, tungsten carbide cutting tools are consumables, and thus in spite that there are no new machine tools being put into the production lines, where new cutting tools may be needed, old machine tools still need new cutting tools.

The tungsten carbide cutting tool industry maintains high-speed growth currently, but behind the high growth rate of cutting tool industry in China, there actually exists some problems. Some enterprises make exorbitant profits through producing inferior products based on cheap labor power at the expense of environment.

In recent years, many high-end technology developments have brought about new requirements on the tungsten carbide cutting tools. For example, with the development of automobile industry, new cutting tools are born at the right moment. Technically speaking, the cutting tools have the development tendency of heavy load, compounding, specialization, standardization, high speed and diversification in variety, etc. In the field of aerospace manufacturing, with the wide application of difficult-to-machine materials like titanium alloy and high temperature alloy, questions like how to select correct cutting tools and how to perform effective and high-quality machining by using those cutting tools have become more and more urgent for the whole tungsten carbide cutting tool industry to answer.