PDC is made of diamond powder and cemented carbide substrate, sintered under ultra-high pressure and high temperature conditions, which has the advantages of thermal stability, impact toughness, wear resistance, high hardness, etc., and is mainly used in the manufacture of drilling bits, wear-resistant tools, cutting tools and other products. According to different application ranges, PDC are generally divided into two types: mechanical tools ,drilling and mining PDC.
According to its characteristics, PDC are mainly used in the cutting and processing of non-ferrous metals, other metals and non-metals, oil drilling, coal drilling and other fields.
At present, Chinese PDC industry presents a situation of overcapacity of low-end products and insufficient supply of high-end products. The world's well-known PDC company are DI, Element Six Group, Schlumberger , Halliburton and Varel International.
In 2021, the market size of Chinese PDC will reach 5.23 billion yuan, and it is expected that by 2025, the market size of Chinese PDC will exceed 10.00 billion yuan.