Carbide Inserts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Carbide Inserts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

1
1

Inserts are large-sized pieces of abrasive materials obtained by sintering a precursor powder into a consolidated mass. They are available in various shapes such as disks, rhombus, and triangles. The shape of the insert required in a tool is determined by the type of application. Commonly used cutting tool inserts are manufactured from ceramics (such as ceramic aluminum oxide and ceramic iron oxide) and carbides (such as silicon carbide (carborundum) and boron carbide).

Carbide inserts, also known as cemented carbides, are composite materials. They are exceptionally hard materials employed in various industrial applications. For instance, they are used as cutting tool materials. Carbide inserts are manufactured as composites of carbide compounds cemented by a binder metal. Carbides that are commonly utilized in the manufacture of inserts include silicon carbide, boron carbide, and tungsten carbide. Sometimes, titanium carbide and tantalum carbide are also used as aggregates in carbide inserts.

Carbide inserts undergo coating in order to increase the life of carbide tools. Commonly used coatings are titanium nitride (TiN), titanium carbide (TiC), titanium carbide-nitride (Ti(C)N), and titanium aluminum nitride (TiAlN). Typically, lubricity and/or hardness of the tool increases when coatings are applied. Coating enables the clean pass of the cutting edge of a tool through the material. Temperature accompanying the cutting process also decreases due to coatings. This increases the tools’ life.

Deposition of coatings is typically carried out with the help of the thermal chemical vapor deposition (CVD) method. Certain applications require deposition of coatings with the mechanical physical vapor deposition (PVD) method. Deposition of coatings is an intricate process; complications in the process can result in adhesion failure of the coating.

Carbide inserts and other tools are able to withstand higher temperatures vis-à-vis standard high-speed steel tools at the point of contact between the cutter and work-piece. This enables carbide inserts to perform better surface finish of the work-piece and faster machining process.

In comparison, other typical materials employed in the manufacture of machining tools (including inserts) are cheaper than carbide. Furthermore, carbide is more brittle. This increases its susceptibility for chipping and breaking. In order to avoid this, the cutting tip is formed in the shape of a small insert, which is mounted on the tool body made from another material (such as carbon tool steel). This also provides the benefit of using carbide at the cutting interface without the high cost and brittleness of making the entire tool out of carbide.

In terms of material, the carbide inserts market can be segmented into silicon carbide, boron carbide, tungsten carbide, and others. Based on application, the market can be divided into grinding, cutting, polishing, milling, drilling, and others.

In terms of geography, the carbide inserts market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the hub for a large number of manufacturers of carbide inserts. In terms of consumption as well as growth potential, Asia Pacific dominated the global carbide inserts market. The region is expected to continue its dominance in the near future. This can be ascribed to the technological advancements in automotive, medical, and aerospace industries in developing countries in Asia Pacific. Latin America and Middle East & Africa are likely to account for comparatively minor shares of the global carbide inserts market due to the lack of manufacturing facilities and their export-oriented economies. Europe is estimated to experience higher consumption of carbide inserts than North America.

Key players operating in the carbide inserts market include MITSUBISHI MATERIALS Corporation, Sandvik Coromant, Sandvik Hyperion, 3M, Carborundum Universal Ltd., Kennametal, Saint-Gobain, Element Six, KYOCERA Precision Tools Inc., and ISCAR LTD.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Have query on this report?

Make an Enquiry

Success Stories

Our Clients

Tell Us What You Need and We’ll Get Back with the Best Solutions Available.

*
*
*

get in touch

Location :

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

Call Us :

US/Canada toll free : 866-997-4948

Tel : +1-518-621-2074