Super Abrasives Market Size 2022-2030
The global market report on the super abrasives market deals with several factors that would help the market launch plans that would back its market rise. Super abrasives are in demand for their high abrasive strength, better surface finishing, high thermal conductivity, compression strength, and longer service life. The product is known for its precision grinding and is witnessing strong growth in the manufacturing process of vehicles, electronic gadgets, and medical instruments.
Competitive Landscape:
Carborundum Universal Limited (France), Saint Gobain (France), 3M (U.S.), KREBA & RIEDEL (Germany), Noritake (Japan), Meister Abrasives (U.S.), TOYODA VAN MOPPES LTD. (Tokyo), VSM Abrasives Corporation (Germany), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), SUPER ABRASIVES (India), and others are some of the major companies involved in the global Super Abrasives Market Size. These companies are known for their strategies that can pave the way for not just their individual progress but for the market as a whole. MRFR listed their recent activities to understand how much the market would grow in the coming years and what trends would impact the market.
Market Research Future (MRFR) predicted in the report a rise up to USD 1.4 billion by 2023 with a CAGR of 6.57% during the forecast period of 2018 to 2023. But its high cost could affect the market dynamics.
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Segmentation:
The super abrasives market has been studied by experts from Market Research Future (MRFR) on the basis of a segmentation that includes details of product type and application. This segmental study and its data could help in fetching better insights that can be used in developing moves for better outcomes.
By product type, the report on the super abrasives market has been segmented into vitrified CBN, vitrified diamond, resin bond CBN, resin bond diamond, metal/ hybrid bond diamond, rotary dressers, metal/ hybrid bond CBN, electroplated CBN, electroplated diamond, and stationary dressers.
By application, the study on the super abrasives market has been segmented into tool industry, machinery, cutting tools, medical, primary metal, bearings, electronics/ smartphones, turbines, gear, powertrain, and others. The electronics/smartphone market is witnessing a steep rise.
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Regional Analysis:
Asia Pacific is controlling the global market, with over 58% of the market share in 2016. The region is showing a chance of growing with 7.51% CAGR during the forecast period. This growth can be attributed to the burgeoning automotive sector.
Industry News:
In July 2020, Saint Gobain Abrasives announced the launching of its new product Norton Winter Ironclad™ Diamond Single Layer Superabrasive Wheels. However, it is still awaiting its patent. The product is known for its ability to remove materials to increase productivity. The company claims that it is an ideal solution for ductile and grey cast iron applications, including fettling and snag grinding on parting lines, casting gates, sprues, and others. It is also expected to last 50% than the regular cutters. The company believes that such advantages would make the percolation process of the product easier across industries.
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The COVID-19 pandemic has made a name for itself as one of the major disruptive forces of 2020. This is because its impact has traversed both geographical and industrial boundaries. The influence was so severe that several manufacturing facilities had to stop their work to prevent the disease from spreading. Companies had to halt production, which triggered fewer revenues and few steps to improve the infrastructure. The super abrasives market is expected to get affected by these changes.
Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
2.5 Key Takeaways 20
3 Market Insights
4 Research Methodology
4.1 Research Process 29
4.2 Primary Research 30
4.3 Secondary Research 31
4.4 Market Size Estimation 31
4.5 Forecast Model 32
5 Market Dynamics
5.1 Introduction 34
5.2 Drivers 35
5.2.1 Relatively Greater Adoption Of Super Abrasives Than Conventional Abrasives 35
5.2.2 Broad Application Spectrum Of Super Abrasives 35
5.2.3 Expanding Automotive Sector 36
5.3 Restraints 37
5.3.1 High Prices Associated With Super Abrasives 37
5.4 Opportunities 38
5.4.1 Increasing Demand In The Medical Sector 38
5.4.2 Growing Research Projects For Cost Reduction 38
5.5 Challenges 38
5.5.1 Volatile Super Abrasives Demand In The Emerging Economies 38
6 Market Factor Analysis
6.1 Supply Chain Analysis 40
6.1.1 Raw Material Suppliers 40
6.1.2 Abrasives Manufacturers 40
6.1.3 Distribution Channel 41
6.1.4 End-User Industry 41
6.2 Porter’s Five Forces Analysis 41
6.2.1 Threat Of New Entrants 41
6.2.2 Threat Of Rivalry 42
6.2.3 Threat Of Substitute 42
6.2.4 Bargaining Power Of Supplier 42
6.2.5 Bargaining Power Of Buyer 42
7 Global Super Abrasives Market, By Product Type
7.1 Introduction 44
7.2 Vitrified Diamond 45
7.3 Vitrified CBN 46
7.4 Resin Bond Diamond 47
7.5 Resin Bond CBN 47
7.6 Metal/ Hybrid Bond CBN 48
7.7 Metal/Hybrid Bond Diamond 49
7.8 Electroplated Diamond 50
7.9 Electroplated CBN 51
7.10 Rotary Dressers 52
7.11 Stationary Dressers 53
8 Global Super Abrasives Market, By Application
8.1 Introduction 55
8.2 Cutting Tools 56
8.3 Tool Industry 56
8.4 Machinery 57
8.5 Bearings 58
8.6 Electronics/ Smartphones 59
8.7 Powertrain 60
8.8 Turbines 60
8.9 Gear 61
8.10 Primary Metal 61
8.11 Medical 62
8.12 Others 62
9 Global Super Abrasives Market, By Region
9.1 Introduction 64
9.2 North America 65
9.2.1 U.S. 68
9.2.2 Canada 70
9.3 Europe 71
9.3.1 Germany 75
9.3.2 France 77
9.3.3 Russia 79
9.3.4 Italy 81
9.3.5 UK 83
9.3.6 Poland 85
9.3.7 Czech Republic 87
9.3.8 Romania 89
9.3.9 Rest Of Europe 91
9.3.10 Asia Pacific 92
9.3.11 China 96
9.3.12 India 98
9.3.13 Japan 100
9.3.14 Australia & New Zealand 102
9.3.15 South Korea 104
9.3.16 Rest Of Asia Pacific 106
9.4 Latin America 107
9.4.1 Brazil 111
9.4.2 Mexico 113
9.4.3 Argentina 115
9.4.4 Rest Of Latin America 117
9.5 Middle East & Africa 118
9.5.1 Turkey 122
9.5.2 Iran 124
9.5.3 Rest Of Middle East & Africa 126
10 Competitive Landscape
10.1 Competitive Landscape 129
10.1.1 Introduction 129
10.1.2 Key Development Analysis 129
11 Company Profiles
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