Market demand trends
With the technological progress of petroleum, mining, automobile, machinery and other related industries, the upgrading of Chinese
tungsten carbide market will be accelerated, and the general low-end product market will gradually shrink. Demand for solid carbide tools, ultra-fine grain size carbide and large special-shaped products continues to increase. Although the concentration for tungsten carbide industry
is relatively low and the competition is relatively scattered, the specialized
products of different manufacturers are quite different, and their bargaining
power for downstream will depend on the product and demand. Chinese high-end
manufacturing industry has entered a golden growth period, providing a good
opportunity for it’s carbide industry. The stable development of the downstream
market will help the future demand tungsten carbide inserts of the industry.
Market competition trends
From the current status, the future competition of tungsten carbide industry will still have a relatively fierce
competition pattern in the future with the development of the industry and the
expansion of downstream demand. Although the price of some products of relevant
enterprises in Chinese carbide market is currently higher than that of foreign enterprises, the price-performance ratio of some products is
slightly lower than that of some foreign enterprises, especially in terms of
product service life. Chinese tungsten carbide still need continuous and in-depth research and development. The market competition trend
should focus on improving the life of product tools, and under the same
conditions, product quality and service life should be TNGG Insert given the top priority in development.
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