Carbide cutting tool market analysis: the industry is trending towards high-end

Carbide cutting tools have excellent performance and dominate the cutting tool market. According to material classification, metal cutting tools mainly include four categories: high-speed steel, cemented carbide, ceramics and super hard tools. Among them, carbide cutting tools have excellent properties such as high hardness, wear resistance, good strength and toughness, heat resistance, and corrosion resistance. They are widely used in the processing of steel, stainless steel, cast iron, nonferrous metals, heat-resistant steel and other materials. Carbide cutting tools dominate the cutting tool consumption in developed countries such as Europe, the United States, Japan and South Korea, accounting for about 63% of the global cutting tool market and about 53% of my country's cutting tool market.