Diamond Tool Development
Diamond tools have been widely used in construction, building materials, petroleum, geology, metallurgy, machinery, electronics, ceramics, wood, automobiles and other industries. Diamond tools are an emerging industry, and there is still a lot of room for them to replace traditional tools. At present, China and South Korea have become the world's diamond tool production bases, and developed countries in Europe and the United States still retain a small amount of high-end production capacity.
Taking the United States as an example, my country's diamond products account for about 45% of its imports, and about 75% if South Korea is included. Since the entry threshold of diamond tools is not high, the domestic concentration is very low. There will be a large number of small tool processing enterprises in the stone production base, which often only produce a few types of products. Compared with large-scale enterprises, there is a big gap in profitability. With the upgrading of diamond tool categories and the return of gross profit margin, the industry There is a tendency to consolidate.