According to the "China Cemented Carbide Bar Market Forecast and Investment Strategy Report (2022 Edition)" released by Limu Information Consulting, it shows that the cemented carbide bar has special wear resistance, high hardness, excellent fracture toughness and compressive strength. Mainly used to manufacture solid carbide tools, such as PCB drills, end mills, reamers, hole machining and other cutting tools.
The main foreign manufacturers of cemented carbide bars include Sandvik, Iscar, Kennametal, Mitsubishi Materials, Kyocera, Teguke, Chloe, etc. In 2021, the global demand for cemented carbide bars is 32,000 tons, a year-on-year increase of 9.2%.
Domestic companies have advantages in tungsten resources and intermediate smelting, but there is still a big gap with overseas advanced manufacturers such as Sweden's Sandvik and Israel's Iscar in terms of deep-processed cemented carbide products.
In 2021, the output of cemented carbide-related products in my country will increase year-on-year, and the profitability of the industry will be greatly improved. In the whole year, my country's cemented carbide output exceeded 50,000 tons, a year-on-year increase of 24.4%; the industry's total output value exceeded 32 billion yuan, a year-on-year increase of 24.8%; the profit was 2.835 billion yuan, a year-on-year increase of 68.8%.
In 2021, China's cemented carbide bar output will be 15,800 tons, a year-on-year increase of 34.0%. In 2021, the average price of China's cemented carbide bars will reach 355,000 yuan / ton, and the gross profit margin of my country's cemented carbide bar industry will reach 30.8% in 2021.
In the future, as the impact of the new crown pneumonia epidemic on the global economy gradually fades, and policies such as "Made in China 2025" and "supply-side structural reforms" continue to advance, high value-added carbide products such as CNC blades will usher in localization. Development opportunities, the cemented carbide industry is expected to develop rapidly. Chinatungsten high-tech cemented carbide products have a large market expansion space.
