The main problems in China's cemented carbide industry: First, the scale of enterprises is small, and industrial concentration is not high. According to incomplete statistics, the average annual production capacity of 199 cemented carbide enterprises is 176 tons, the average annual output is only 86 tons, and only 4 enterprises with annual output of more than 1,000 tons. Second, there is less investment in science and technology, lack of high-end technical talents, and weak technical research and development capabilities. China's cemented carbide industry's investment in science and technology is less than 3% of sales revenue, the level of scientific and technological research and development is not high, and the original core technology results are less. Third, the product quality level is low and the product structure needs to be adjusted. China's cemented carbide production accounts for more than 40% of the world's total output, but cemented carbide sales revenue is less than 20% of the world's total, mainly due to high-performance ultra-fine alloy, high-precision high-performance abrasive coated blades, super-hard tool materials, complex The production of high value-added products such as large-scale products and precision hard alloy CNC tools is less, the deep processing is insufficient, and the varieties are incomplete.
With the rapid expansion of China's auto industry, the demand for cutting tools for auto parts processing is increasing, and the demand for hard alloys in China's steel, transportation, construction and other fields is growing. In the strategic picture of foreign cemented carbide multinational companies, the Chinese market has quietly changed from a supporting role to a protagonist.
By the end of the "Twelfth Five-Year Plan" period, China's cemented carbide production reached 30,000 tons, sales revenue reached 30 billion yuan, and the output of deep-processed products accounted for more than 40% of the total amount of hard alloys. Exports will double compared to the "Eleventh Five-Year Plan" and strive to exceed $1 billion. Cemented carbide will develop in the direction of intensive processing and tool matching; development in the direction of ultra-fine, super-thick and composite coating structure; development towards circular economy, energy saving and environmental protection; development towards precision and miniaturization.
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