Huge Potential for Diamond Tools Market in China

Global industrial migration of diamond tools has coming to its end. Industry concentration in China is low. Currently, China and South Korea have become two diamond tools manufacturing bases, while developed countries in Europe and America preserves a handful of high-end capacity. Take America as example, China's products account for 40% to 50% of its import volume. There are a large number of small diamond tools processing companies in stone manufacturing base, they usually produce several types of products. Huge gap remains between small diamond tools companies and large-scale enterprises in terms of profitability. With upgrading of diamond tools categories and returning of gross profits, industry integration is around the corner.

The potential for diamond tools market is huge. Diamond tools industry is an emerging industry that is faced with huge market potential in replace of traditional tools. Take ceramic field as example, diamond tools began to be used in ceramic production the year before the last. Ceramic production line began to adopt diamond tools in rough grinding. The average cost of a group of ceramic production line is 2,000,000 Yuan. Currently, there are about 2000 production lines, all of which are not upgraded. In fine and precision grinding, conventional abrasives products are still required to solve scratches. In recent years, diamond tools are used in grinding of wall space and ground surface. After all, with improvement in existing techniques and expanding of new application fields, diamond tools market has a huge room to grow.