Machine tools
basically are employed for shaping or machining metal or other rigid materials
in order to give a special form by means of boring, shearing, grinding,
cutting, etc. At present there are two major types of machine tools which are
highly used namely High Speed Steel (HSS) and Carbide Tools.
Carbide cutting tools
also known as carbide tipped cutting tools are widely used as metal cutting
tool. Carbide tools are highly significant and extensively used in machining
application owing to its significant features such as high speed, retains
cutting edge at high machining temperature, reduces cycle time, exceptional
wear resistance at cutting edge, long working life and so on.
The major factor that
propels the growth of the global Carbide Tools market include development in
manufacturing design and necessity to accomplish production efficacy is setting
the base for manufacturer’s investigation of superior end products, as a
consequence growing the demand for carbide tools.
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In addition, there
are a number of significant features acquired by the use of carbide tools such
as less material wastage, decreased labour cost, superior quality, decrease in
inventory cost, etc. Also, manufactures are highly focusing to optimal cutting
geometries as well as high performance covering is achieving attractiveness
among consumer which subsequently is fuelling the growth of the market.
On the other hand,
there are also factors that may hamper the growth of the market such as the
high costs of carbide tools. The global Carbide Tools market is classified on
the basis of material type, grade type, application and geography. On the basis
of material type, the global Carbide Tools market is classified as aluminium
carbide, calcium carbide, silicon carbide, tungsten carbide, iron carbide and
titanium carbide. On the basis of grade type, the global Carbide Tools market
is classified as cast-iron carbides and steel-grade carbide. On the basis of
applications, the global Carbide Tools market is classified as engraving,
chamfering, cutting, drilling, grooving, milling, machining of threads and
others.
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