Superabrasives are defined as the tools used in polishing, grinding, or dressing tools produced using diamond or CBN as the abrasive. Generally, abrasives help to soften the surface and achieve the desired shape by eliminating the material in the process. Superabrasives are highly used to make tools from high-speed steel and may provide very high-speed machining. The demand for these abrasives is rising in various industries like automotive, electronics, composites, aerospace, medical, oil industry, and others. They are highly preferred for high-quality finish on hard materials. Their complementarity with the processing materials allows diamond and CBN abrasives to cover almost all processed materials which include highly hard or brittle and highly tough materials.
MARKET DYNAMICS
The super abrasives market has witnessed a significant growth owing to factors such as growing use of diamond in grinding wheels coupled with the rising in production of motor vehicles and construction activities. Also, increased construction output is further expected to boost the utilization of super abrasives, which in turn, will lead to the growth of the market. However, the high cost associated with the super abrasives and the growing complexity of the technology used in super abrasive for high-performance applications are the key factors projected to hamper the super abrasives market growth. Moreover, the primary trend followed in the super abrasives market is growing use of manufacturing technologies along with rising demand for precision tools from various industries such as automotive and aerospace.
MARKET SCOPE
The "Global Super Abrasives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the super abrasives market with detailed market segmentation by type, end-user industry, and geography. The global super abrasives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading super abrasives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global super abrasives market is segmented on the basis of material type, application, and end-user industry. On the basis of material type, the super abrasives market is segmented into diamond and cubic boron nitride (CBN). The super abrasives market on the basis of the application is classified into powertrain, bearing, gear, tool grinding, turbine, and other applications. The super abrasives market on the basis of the end-user industry is classified into construction, transportation, oil & gas, electrical & electronics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global super abrasives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The super abrasives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the super abrasives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the super abrasives market in these regions.
MARKET PLAYERS
The reports cover key developments in the super abrasives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from super abrasives market are anticipated to lucrative growth opportunities in the future with the rising demand for Super abrasives in the global market. Below mentioned is the list of few companies engaged in the Super abrasives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the super abrasives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Action SuperAbrasive
- Asahi Diamond Industrial Europe S.A.S.
- Eagles Superabrasives
- Hongtuo Superhard
- Krebs & Riedel
- Kure Grinding Wheel
- Mirka Ltd.
- Saint Gobain
- Super Abrasives