Global HSS cutting tools market to exceed $6.2B

Global high-speed steel metal cutting tools market is projected to go beyond $6.2 billion by 2015. Asia-Pacific represents the leading market for high-speed steel (HSS) metal cutting tools, according to a new report by Global Industry Analysts. The region is also the fastest growing market over the period 2006-2015. HSS tapping tools represents the largest and the fastest growing product type globally. HSS?sustained viability can be primarily attributed to the introduction of particle or powder metallurgy (P/M), the greatest single advancement in HSS technology. HSS cutting tools made through P/M have higher wear resistance and are harder and tougher against conventional HSS. Consequently, in specific applications, HSS has been able to retain its market share as well as regained lost share from tungsten carbide.M??czy?ni