Experts predict a golden decade for China's cemented carbide industry

After the 19th National Congress, socialism with Chinese characteristics has entered a new era, China's economy has turned to the stage of high-quality development, which, according to experts, has brought huge development opportunities for the cemented carbide industry, and the industry will meet the "Golden Decade", which will be mainly manifested in two aspects, namely, the high-speed growth of machining solutions industry, and the mining of energy and mineral resources, One is the high-speed growth of machining solutions industry, and the other is the steady growth of cemented carbide and tools for energy, mineral resources mining, and infrastructure construction.

In the tungsten industry, the tungsten consumption of cemented carbide accounts for about 50% of the total tungsten consumption. Therefore, the development of cemented carbide industry plays a very important role in the development of the whole tungsten industry. China's cemented carbide industry started from the construction of Zhuzhou Cemented Carbide Factory in the early 1950s. Over the past 50 years, it has developed continuously from scratch and made remarkable achievements, and it has become the largest manufacturer of cemented carbide in the world; however, there is still a big gap between the overall technical level, especially the production of high value-added products, and the world's advanced level...

Since the financial crisis in 2008, the development of China's cemented carbide industry has entered a trough period, especially in 2015, almost to the bottom. But the more difficult times, industry experts show more confidence, China Tungsten Industry Association Cemented Carbide Branch President Zhang Zhongjian had said at that time: the industry will be put to death. As expected, the industry began to recover growth in 2016, and explosive growth began in 2017. According to statistics, compared with 2008, in 2017, the production of cemented carbide increased by 100%, the sales revenue increased by 75%, the realized profit increased by 136% (the profit in 2017 was the highest in the past 10 years), and the export volume increased by 99%.

After the 19th National Congress, socialism with Chinese characteristics has entered a new era, and China's economy has turned to the stage of high-quality development, which, according to Zhang Zhongjian, has brought huge development opportunities to the cemented carbide industry, mainly in two aspects, namely, high-speed growth of the machining solutions industry, and steady growth of cemented carbide and tools used in the mining of energy and mineral resources and infrastructure construction.

High speed growth of machining solution industry

Machining solutions is the core product of the cemented carbide industry, is the top priority of industrial development, which faces the automobile manufacturing, CNC machine tools, aerospace, military, mechanical mold processing, 3C industrial processing, shipping, marine engineering equipment and other manufacturing and processing areas. Zhang Zhongjian said that the next 10 years and machining solutions related to the needs of the industry has a bright future.

Such as the automobile manufacturing industry. Dong Yang, vice president of the China Automobile Association pointed out that: China's automobile in the next few years the scale of production may reach 50 million units, according to this, only the automobile industry annual need for CNC blades up to 4 to 500 million pieces of huge.

Such as machinery mold manufacturing industry. China is a machinery mold manufacturing and consumption of large countries, the next 10 years, China's mold industry is expected to reach a total output value of about 500 billion yuan.

Such as China's aviation industry. In the next five years, China's new general-purpose aircraft is expected to be 3,000, commercial aircraft began mass production, various types of military aircraft into the replacement of mass production.

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The development of the above related industries provides a strong market traction power for the rapid growth of China's machining solutions industry. Zhang Zhongjian predicted that by 2025, China's machining solutions carbide cutting tools will grow from the current annual sales revenue of about 17 billion yuan to 35 billion yuan, of which the carbide CNC inserts and cutting tools scale of about 30 billion, PCB cutting tools 2.6 billion. By 2035, China will become the global cemented carbide industry intellectual center, technology research and development center, talent gathering depression.

At the same time, Zhang Zhongjian pointed out that cutting tool enterprises in these years after the rapid development, will face more serious challenges and market competition. The main performance:

First, the automobile industry to pure electric vehicle development trend accelerated, many European countries planning to phase out gas and diesel vehicles, new energy vehicle technology is changing rapidly, as well as the development of super-hard cutting tools and other reasons, will reduce the demand for cemented carbide CNC cutting tools. "Perhaps the carbide cutting tool industry left the last 'golden decade'", said Zhang Zhongjian.

Secondly, foreign high-end brands are still firmly in control of China and the global high-end cutting tool market, and in China at the same time to the "mid-range market" to launch an attack.

Third, the United States, the European Union, Japan and other countries do not recognize China's market economy status, the U.S.-China trade war may be staged.

Fourth, the industry will be the emergence of high-end CNC cutting tool products to take low-end production thinking and marketing of this bad seed.

Fifth, CNC insert enterprises and the use of enterprises in the industry chain blocking point.

Steady growth of carbide and tools for energy, mineral resources mining, infrastructure construction

China is the world's second largest economy, with a GDP of 82.7 trillion yuan in 2017, exceeding the 80 trillion yuan mark for the first time. China is both a