From 2020 to 2021, the titanium carbide cemented carbide market will decline sharply

According to the statistics from the National Bureau of Statistics of China, the output of metal cutting machine tools in China reached 397,200 units in 2019, a decrease of 18.7% year-on-year. Metal cutting tools are an indispensable tool for modern production and manufacturing. Superhard tools, mainly titanium carbide cemented carbide tools, and titanium carbide cemented carbide blades, play an essential role in the cutting market.
 
Titanium carbide is an iron-gray crystal with a metallic luster. Titanium carbide atoms are strongly covalently bonded and have several characteristics similar to metals, such as high melting point, boiling point, and hardness. The hardness is second only to diamond and has excellent thermal conductivity And conductivity, even superconductivity at very low temperatures. Therefore, titanium carbide is widely used in the manufacture of cermets, heat-resistant alloys, cemented carbides, anti-wear materials, high-temperature radiation materials, and other high-temperature vacuum devices. And other fields have a wide range of applications.
 
In 2019, the output of metal cutting machine tools reached 397,200 units
 
At present, China's machine tool industry is in the stage of structural adjustment and upgrading, and advanced manufacturing will gradually replace traditional manufacturing. According to the statistics of enterprises above designated size by the China National Bureau of Statistics, from 2012 to 2019, the overall output of China's metal cutting machine tools showed a declining trend. Among them, in 2014, China's metal cutting machine output reached the highest value in recent years, 858,000 units. As of the end of 2019, the production of China's metal cutting machine tools reached 397,200 units, down 18.7% year-on-year, of which the production of CNC metal cutting machine tools fell 27.6% year-on-year. With the decline of these data, the amount of titanium carbide is gradually declining. The titanium carbide cemented carbide market is suffering.
 
In 2019, the number of metal processing machine orders for key contact enterprises of the association had declined
 
In terms of order volume, according to the statistics of the China Machine Tool Industry Association, from January to December 2019, new orders for metal processing machine tools of the association's key contact companies fell by 28.2% year-on-year, and orders in hand fell by 23.2% year-on-year. Among them, new orders for metal cutting machine tools fell by 30.4% year-on-year, and orders in hand fell by 17.2% year-on-year. Since the beginning of 2019, new orders for metal cutting machine tools and metal forming machine tools have been declining year-on-year, and in-hand orders have also been declining year-on-year since March. Affected by the upstream industry, the titanium carbide market is expected to decline significantly, and internal analysts at Trunnano expect a 20% -30% market decline.
 
"We have been supplying titanium carbide hexaboride, ensuring product quality, and guaranteeing stable supply prices," said Rachel, sales manager at Luoyang Trunnano.Please contact Rachel, Global Marketing Leader at Trunnano.
Email: rachel@ihpa.net

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