Diamond tools have been widely used in industries such as construction, building materials, petroleum, geology, metallurgy, machinery, electronics, ceramics, wood, and automobiles. Diamond tools are an emerging industry, and there is still a lot of room for the replacement of traditional tools. At present, 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.

Taking the United States as an example, my country's diamond products account for about 45% of its imports, including South Korea about 75%. As the entry barrier for diamond tools is not high, the domestic concentration is very low. There will be a large number of small tool processing companies in the stone production base, which often only produce a few types of products. Compared with large-scale enterprises, there is a big gap in profitability. With the upgrading of diamond tool categories and the return of gross profit margins, the industry There is a trend of integration.