Considerable prospects of tungsten carbide cutting tool market in China

Aug. 10, 2011 - PRLog -- Tungsten carbide cutting tools, tungsten carbide cutting tools market
Summary: Due to the increasing price of raw material and competitors brought by globalization, the key for competition is high-quality products, excellent service and create value for our customers. Therefore, the cutting tool manufacturers are also searching for better ways for their own development and the entire industry progress.
In the distribution of the world's major cutting tool material, high-speed steel accounted for 35%, tungsten carbide is 15%. Currently the main producing area of tungsten is in Alps, the Himalayas and the Pacific Rim. China has 60% of the tungsten deposits, the international market due to raw material shortages, APT prices in the recent years rose from $ 50 a ton to $ 250 per ton. The increased costs will ultimately be passed on to the end-user. Related research institution, for such cases, are engaged in active research mainly about reduce the amount of tungsten in tungsten as much as possible, and the main method is to use tungsten only in key part or design special geometrical shape.
Statistical data from the tool industry shows, the percentage of tungsten carbide will increase in the future, while HSS will reduce. Japanese knives Association statistics show that China has become the world's largest machine tool consumer, followed by Japan, the United States and Italy. Asia's economy is in rapid growth, and according to the Asian Development Bank statistics, China's GDP in 2007 grew by about 10%, India is about 8%. In a good economic environment, the Japanese metal processing industry in recent years has sustained high growth, from the tool point of view, the production of tungsten carbide cutting tools continued to grow in recent years, high-speed steel cutting tools began to show a downward trend.  In import and export volume, tungsten carbide is in significant growth, the main export destinations are Asia, followed by Europe and then North America and other regions.
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High-speed machining has been widely considered as processing technology for increasing production, reducing manufacturing costs. Dry machining or MQL concepts are now main target of processing industry in reducing cost. For cutting tool manufacturers and coating suppliers, the most important thing is productivity. (Visit http://www.carbidetungsten.com/ for details)Cutting (cutting speed, cutting volume per unit time) increased by 20%, manufacturing costs will be reduced by 15%. Increasingly stringent processing requirements need to further develop the tool materials and coatings, and improve processing conditions and tool design. The challenge and areas for improvement include: mechanical and structural properties: hardness, strength, wear resistance; thermal and chemical properties: heat resistance, insulation, catalytic; biological characteristics: adaptability, insecticidal properties; electronic and optical properties: reflection, transparency and so on. In recent years, (Ti, Al) coated carbide cutting tools have already dominated the high-performance tool market. In some special applications of the high demand promote the development of special coating or precision coating.
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