Tungtsen carbide is an alloy material made of hard compounds of refractory metals and bonded metals through the powder metallurgy process, with high hardness, wear resistance, good strength and toughness, heat resistance, corrosion resistance and a series of excellent properties, also known as “industrial teeth”, used in the manufacture of cutting tools, cutting tools, cobalt tools and wear-resistant parts. Widely used in military, aerospace, machining, metallurgy, oil drilling, mining tools, electronic communication, construction and other fields.
First, the market scale of cemented carbide industry
Compared with Europe and the United States and other developed countries, China’s cemented carbide production started late, in the late 1940s, to the liberation of China’s cemented carbide industrialization was further developed, and then to the 1960s and 1970s, benefited from the national strategy and security needs, the cemented carbide industry has been more rapid development.
With the steady growth of the economy in recent years, the demand for cemented carbide in the downstream industries and at home and abroad has continued to rise. And with the growing demand for cemented carbide in the downstream industry, it makes the market size of China’s cemented carbide industry grow. Data show that in 2020 China’s cemented carbide industry market size of 21.5 billion yuan. 2021 China’s cemented carbide industry market size of 28.205 billion yuan.
Post time: May-10-2023
