Diamond drill bits are diamond drilling accessories for cutting tools. Diamond drilling refers to a drilling method made of diamond as an abrasive, a rock that breaks the bottom of the hole in a rotary manner, and uses a core tube to take the rock (mine) core. Due to its high hardness and good wear resistance and compression resistance, diamond can drill a variety of hard rockes and drill holes of various angles and depths. It has high drilling efficiency, good quality and low steel consumption. The advantages of lightweight equipment.
Diamond drill bits are mainly used in coal mines, iron ore, gold mines, oil drilling, geological exploration, tunnel construction and other fields. Diamond drill bits are mainly divided into geological drills and engineering drills according to their purposes.
In 2017, the market size of China's diamond drill industry was about 4.457 billion yuan, an increase of 12.95% from 3.946 billion yuan in 2016. The market size of China's diamond drill industry in recent years is shown in the following figure:
2011-2017 China diamond drill industry market size
Source: Zhiyan Consulting
In 2017, the output of China's diamond drill industry was about 9.635 million, an increase of 9.18% from 8.825 million in 2016. The output of China's diamond drill industry in recent years is shown in the following figure:
China's diamond bit industry output in 2011-2017
Source: Zhiyan Consulting
In 2011, the demand for diamond drill industry in China was about 4.659 million. By 2017, the demand for diamond drill industry in China reached 8.68 million.
China's diamond bit industry consumption statistics for 2011-2017
Source: Zhiyan Consulting
The research report on supply and demand forecast and development trend of China's diamond drill industry in 2018-2024 released by Zhiyan Consulting shows that foreign countries have applied advanced diamond bit technology in geological exploration, energy exploitation, block plastic processing, road traffic, material processing and other fields. Compared with the traditional process, it has a series of advantages such as wide adaptability, large mining depth, high efficiency, low comprehensive cost, safety and environmental protection. With the development of China's economic construction, infrastructure construction has been continuously strengthened, especially in China's implementation of energy extraction, South-to-North Water Transfer, high-speed railway construction, material processing and other projects, which has brought huge market demand for diamond drill tools.
In recent years, with the continuous advancement of process technology, large enterprises in the industry have generally achieved scale advantages through technological transformation, introduction of advanced foreign production processes and production equipment, improvement of product quality, reduction of raw materials, manpower consumption, and improvement of labor productivity. In order to improve the market pricing ability of enterprise products. At present, there are hundreds of domestic diamond drill bit manufacturers, mainly distributed in Central China.
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