The global cutting tool inserts market is likely to account for ~US$ 18.1 Bn by the end of the assessment year 2019, and is estimated to expand at a CAGR of ~7.0% during the forecast period of 2019-2029. Among the type of material, the carbides segment is anticipated to grow at a noteworthy rate, owing to their cost effectiveness and durability, thereby contributing to the relatively high growth rate of the carbides segment over the forecast period.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-09-25
CTE source: https://ctemag.com/news/cutting-tool-inserts-see-ballooning-sales/
Legacy path: /cutting-tool-inserts-see-ballooning-sales