Diamond tools have been widely used in construction, building materials, petroleum, geology, metallurgy, machinery, electronics, ceramics, wood, automobile and other industries. The mechanical industry analyst of shangpu consulting pointed out that diamond tools belong to the emerging industry, and there is still a lot of room for the replacement of traditional tools. Currently, China and South Korea have become the world's diamond tool production bases, and developed countries in Europe and the United States still retain a small amount of high-end production capacity. It is reported that the industry transfer of diamond tools worldwide has been basically completed. The domestic industry concentration is low, and the future market scale has a large growth space.

Take the United States as an example, China's diamond products account for about 45% of its imports, including about 75% of South Korea. Due to the low entry threshold of diamond tools, the domestic concentration is very low. There will be a large number of small tool processing enterprises in the stone production base, often only a few types of products, the profitability of the enterprise has a large gap with the scale of the enterprise, with the upgrading of diamond tool category and return of gross margin, the industry has a trend of integration.

Taking the ceramic field as an example, diamond grinding tools were used in the rough grinding process of ceramic production. A group of ceramic production lines cost an average of 2 million yuan in diamond tools. At present, there are about 2,000 lines in China, all of which have not been upgraded. In the fine grinding, fine grinding link, because there are scratches and other technical problems need to be solved, still use the traditional soft grinding tools. If fully replaced, the value of diamond tools used in ceramic production will double.
In the past two years, diamond tools have been used in the grinding of walls and floors. In general, with the continuous improvement of the permeability of existing fields and the opening of new application fields, the market size of diamond tools has a huge growth space.