Current situation and development of product deman

2022-07-30
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Analysis on the product demand status and development trend of cemented carbide industry in 2018: the field of cutting tools is still the largest.

cemented carbide is an alloy material made of hard compounds of refractory metals and bonding metals through powder metallurgy process. It is mainly used in cutting tools, punching tools, molds, mining and road construction machinery. According to the data forecast in recent years, the main consumer industries of cemented carbide are still cutting tools

classification of cemented carbide products

cemented carbide is a kind of alloy material made by powder metallurgy process from hard compounds of refractory metals and bonding metals. Cemented carbide products are mainly made with tungsten carbide as the hard phase and cobalt as the bonding phase through ball milling, spray granulation, pressing and sintering. They have high hardness, strength, wear resistance and corrosion resistance. Cemented carbide is known as "industrial teeth" and is mainly used in the fields of cutting tools, stamping tools, molds, mining and road construction machinery

cemented carbides can be classified into tungsten cobalt alloys, tungsten titanium cobalt alloys, tungsten titanium tantalum (niobium) cobalt alloys, titanium carbide based alloys and coating alloys according to their composition

chart 1: classification of cemented carbide by composition

data source: prepared by prospective industry research institute

cemented carbide by use 1. During the moving process, the pendulum should be removed and classified into cutting tools, geological and mining tools, molds, structural parts, wear-resistant parts, cavities for high pressure and high temperature resistance and other uses

chart 2: classification of cemented carbide by use

data source: prospective industry research institute sorted out the demand structure of cemented carbide products

cemented carbide is mainly used in cutting tools, mining tools, molds and high-pressure and high-temperature rejection cavities, among which cutting tools and mining tools account for 33% and 25% of cemented carbide applications respectively. Cutting tools are tools that can not be met in other places. Cemented carbide is mainly used as tool materials, such as turning tools, milling cutters, planers, drill bits, boring cutters, etc., for cutting cast iron, non-ferrous metals, plastics, chemical fiber, graphite, glass, stone, ordinary steel and difficult machining materials. Cutting processing mainly relies on machine tools. In terms of mining tools, cemented carbide is mainly used as rock drilling tools, mining tools and drilling tools, and plays an important role in mining, oil mining and infrastructure construction

chart 3: Analysis on the demand structure of cemented carbide in China (unit:%)

demand for cemented carbide in the field of cutting tools

cutting tools are widely used downstream. At present, key domestic customers with great demand for cutting tool products mainly include: automotive industry enterprises; Ten major industrial groups in aviation, aerospace, weapons, shipbuilding and nuclear industry; Machinery, railway locomotives, molds, textiles, energy equipment, agricultural machinery, major complete sets of equipment manufacturing enterprises. According to statistics, in the world demand for cutting tools, general machinery and automobile manufacturing account for about 35% respectively, and aerospace accounts for about 10%

in recent years, the demand for cemented carbide for cutting tools in China has increased year by year. In 2016, the demand of cutting tools for cemented carbide was about 9686 tons, an increase of 4.15% over the previous year. It is estimated that the demand in 2017 will exceed 10000 tons

according to the national plan, by 2020, China will become a manufacturing base for key complete sets of equipment and advanced scientific instruments such as automobiles, large aircraft, ships, electronic components, large-scale integrated circuits, high-end CNC machine tools, which will greatly increase the demand for cutting tools. It is predicted that by 2023, the demand for cemented carbide for cutting tools will reach about 13600 tons

chart 4: annual demand analysis and forecast of cutting tools for cemented carbide (unit: ton)

data source: prospective industry research institute sorted out the demand for cemented carbide in the field of geological and mining tools

in recent years, China's geology and mining industry has developed rapidly, which has driven the demand for geological and mining tools industry, and the demand for cemented carbide in geological and mining tools is also increasing, In 2016, the demand for cemented carbide in the geological and mining tool industry was about 7512 tons, with a year-on-year increase of 4.39%. It is expected that the demand in 2017 will increase to about 8000 tons

with the advancement of coal mine integration, there will be a large demand for mining tools. In terms of other minerals, the national mineral resources plan () issued by the Ministry of land and resources clearly states that at present, China is still in the middle stage of industrialization, and the growth rate of energy and resources demand slows down, but the total demand will still maintain a high level. It is expected that the latter will focus on material science. By 2020, China's primary energy consumption will be about 5 billion tons of standard coal, 750 million tons of iron ore, 13.5 million tons of refined copper and 35 million tons of raw aluminum. Affected by the international mining market, domestic exploration investment tends to decline. However, in general, China's demand for mineral resources is growing. Bayer materials technology is one of the largest polymer production companies in the world. However, domestic mining is in a downward trend. The previous low-energy and rough collection mode will be gradually replaced by the high-capacity mining mode, and the demand for high-quality mining tools will be greater. The prospective industry research institute predicts that by 2023, the demand for cemented carbide for geological mining tools will reach about 10000 tons

chart 5: demand analysis and forecast of cemented carbide for geological mining tools in (unit: ton)

data source: prospective industry research institute sorted out the demand for cemented carbide in the field of high pressure and high temperature resistant cavities

the growth of production and sales of synthetic diamond drives the demand for high pressure and high temperature resistant cavities, thus increasing the demand for cemented carbide. In recent years, China's demand for cemented carbide in the field of high pressure and high temperature resistant cavities has been increasing. In 2005, the demand was only 1350 tons, and by 2016 it was about 3070 tons, with an average annual growth rate of more than 7%. It is estimated that by 2023, the demand for cemented carbide in the field of high pressure and high temperature resistant cavities will reach about 5000 tons

chart 6: demand analysis of cavity cemented carbide for high pressure and high temperature resistance in (unit: ton)

data source: the foresight Industry Research Institute collated the above data and analysis from the analysis report on market foresight and investment strategy planning of China's cemented carbide industry in issued by the foresight Industry Research Institute

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