In recent years, the development of China's cemented carbide industry is in good shape and the market scale is expanding. In 2015, China's cemented carbide industry sales revenue was approximately 113.06 billion yuan, a year-on-year decrease of 2.64%. At the same time, the demand for Carbide Alloy Blade has also increased.
In 2016, the sales revenue of the cemented carbide industry was approximately 121.37 billion yuan, an increase of 7.35 percentage points over 2015. The average annual compound growth rate is 16.35%. On the basis of the development of the “Twelfth Five-Year Plan”, during the “Thirteenth Five-Year Plan” period, around the goal of building a hard alloy industrial power, in accordance with the China Tungsten Industry Association, “innovation-driven, two-in-one integration, strengthening foundation, green development, and strengthening services” The general idea and the policy of “saving resources, protecting the environment, and transforming and upgrading” continue to clarify the objectives to promote the application of cemented carbide production and segmentation.
From the aspects of production, operating income, labor productivity and enterprise development, the development goals of cemented carbide during the 13th Five-Year Plan period were clarified.
Professional Knife Manufacturer analysis Under the active promotion of the national “13th Five-Year” industry development goal and the support of China’s cemented carbide export target of 10,000 tons and sufficient supply of raw materials, the output of cemented carbide will increase slightly in the future, with a compound annual growth rate of 4 More than % growth rate, by 2023 China's cemented carbide production is expected to reach 38,900 tons.