According to MarketIntelReports’ “Global Carbide Insert Market Professional Survey Report 2017”:
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Carbide inserts are abrasive materials made by breaking a precursor powder into a consolidated mass. They are available in different shapes like rhombus, discs, and triangles. The shape of the carbide milling inserts depend on type of application involved. They are made from ceramics and carbides. Carbide cutting tools are hard materials which are used in different end user industries. Silicon carbide, Boron carbide, and Tungsten Carbide are the carbides used in the Carbide Insert Market. Carbide inserts can also tolerate higher temperatures through high speed tools. Hence, they can perform a faster machining process.
Scope & Regional Forecast of the Carbide Insert Market
Asia Pacific holds a major share in the Carbide Insert Market in the forecast period. The technological developments in aerospace, medical, and automotive industries drive the growth of square carbide inserts. Latin America, Middle East and Africa will have minor shares in the market due to the lack of manufacturing facilities.
The boring insert undergoes coating to enhance its performance. The coating helps the cutting edge of the tool to have a clean pass through the material. Europe will have a higher consumption rate of this material than North America.
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Cemented carbide inserts can be described as metal matrix composites where the particles are an aggregate and a metallic binder acts like the matrix. The structure is same to that of a grinding wheel.
The carbide rod is more expensive than the other tool materials. Hence, it is can be broken easily. Therefore, the carbide cutting tip consists of a small insert for a larger tool whose shank is made from another material.
Segmentations & Key Players Involved in the Carbide Insert Market
The Carbide Insert Market can be broken down into various segments as follows:
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Product Type- TiN (titanium nitride) coatings, TiC (titanium carbide) coatings, Ti(C)N (titanium carbide-nitride) coatings, TiAlN (titanium aluminum nitride) coatings.
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Application- CNC machine and Other machine.
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Region- North America, China, Europe, Southeast Asia, Japan, and India.
Some of the key players involved in the Carbide Insert Market are as follows:
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Kennametal
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Iscar
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Mitsubishi
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Tungaloy
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Walter-Valenite
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