Global Superhard Materials Market is anticipated to grow at a positive CAGR in the forthcoming period. Superhard materials are those materials that display a class of superiority and mechanical performance, toughness, wear resistance and incompressibility which can be used extensively in wide range of applications. Thus, applications ranging from polishing tools and cutting activities in the machinery industry in milling and petrochemical industry encompass as driving force for market growth for superhard materials market.
From the commercial point of view, diamond and cubic boron nitride that mass produced are best known to be superhard materials. However, both of these are known to display limitations such as inferior thermal stability and low hardness and fracture toughness. Overall, synthesizing superhard materials resulting into improved performance, hardness, toughness and thermal stability are highly desired.
Driving factors responsible for the growth of superhard materials market include extensive demand for superhard materials in manufacturing operations. Also, the rise in demand from petroleum industries in the APAC region and growth in infrastructure and construction activities are expected to boost the market growth.
Segmentation for superhard materials based on group includes composite superhard materials, monocrystalline super hard and superhard materials & tools. Segmentation based on applications for superhard materials market include coatings, cutting tools, general medicine, semiconductor assembly, wear parts polishing stones, construction composite, polycrystalline tools, abrasives and subsystem components.
Based on segmentation by type, the superhard materials market include cubic boron nitride and diamond. Based on end-user segmentation, the superhard materials market include aerospace, chemical processing, automotive, die, mold, electronic, infrastructure, construction, general machining, oil & gas, shipbuilding, paper and pulp sectors and railroads power generation.
Geographically, superhard materials market spans North America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. APAC regions are expected to grow at a higher CAGR in the forthcoming period and a heavy consumer for superhard materials owing to presence of manufacturing base and artificial diamonds. North America and Europe market is also expected to gain a trajectory growth in the forthcoming period.
The key players in the superhard materials market include Sumitomo Electric Industries Ltd, ILJIN, Zhongnan Diamond Co Ltd, Element Six, Whirlwind, SF Diamond, Funik Ultrahard Material Co Ltd, Sandvik Group, Zhengzhou Sino-Crystal Diamond Co Ltd.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Superhard Materials in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Superhard Materials market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Element Six
• Sumitomo Electric
• Zhongnan Diamond
• Henan Huanghe Whirlwind
• SF Diamond
• Zhengzhou Sino-Crystal Diamond
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Superhard Materials for each application, including
• Stone and Construction
• Abrasives category
• Composite polycrystalline tool
Research Support Specialist, USA