Super Abrasives Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

9 %

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Market Overview

The super abrasives market is expected to witness significant growth, at an estimated CAGR of over 9% over the forecast period. The major factors driving the market are CNC machines replacing old technologies and conventional abrasives substituted by super abrasives.

Based on the end-user industry, the electronics segment dominated the market, followed by automotive and aerospace.
Asia-Pacific dominated the market, holding a share of almost 50%. This is primarily due to the rising demand from the electronics and automotive industries.
The diamond segment dominated the market, holding a share of almost 70%.

Scope of the Report

The consumption of super abrasives, along with the tool components (such as an abrasive disc), is taken into account for the calculation of the global demand of super abrasives. The scope of the report includes:

Material Type

Diamond
	Vitrified Diamond
	Electroplated Diamond
	Resin Bond Diamond
	Metal Diamond

Cubic Boron Nitride (CBN)
	Vitrified CBN
	Electroplated CBN
	Resin Bond CBN
	Metal CBN

Application
		Powertrain
		Bearing
		Gear
		Tool Grinding
		Turbine
		Other Applications

End-user Industry
		Aerospace
		Automotive
		Medical
		Electronics
		Oil and Gas
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Italy
	NORDIC Countries
	Rest of Europe

Rest of the World
	Brazil
	Saudi Arabia
	United Arab Emirates
	Others

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Key Market Trends

Electronics Industry to Dominate the Market

Super abrasives find various applications in the electronics industry. This is because of the type of materials that the super abrasive tools are capable of processing. The tools can be used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber, all of which are majorly used in electronic component manufacturing.
Printed Circuit Boards (PCBs) are the key elements for many electronic devices, like desktop computers and home theater systems, among others. Super abrasive grinding tools are largely used for the creation of PCB’s in the electronics industry.
Super abrasives in the electronics industry provide consistent slicing performance, uniform diamond counts, uniform wire diameter, and even diamond distribution, and no diamond clustering.
Asia-Pacific and European regions are expected to be the key driving regions for the consumption of super abrasives during the forecast period.

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Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the super abrasives market. Owing to the demand for electronics in countries, such as China, India, and Japan, the demand for super abrasives in the manufacturing processes is also increasing in the region.
China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, and cables, recorded the highest growth in the electronics segment. The country not only serves the domestic demand for electronics but also exports electronic output to other countries.
In India, the consumer durables, like electronics appliances, have witnessed a tremendous increase in the production and sales, owing to the growing middle-class income, rapid urbanization, and change in lifestyle of the working class. Government initiatives have supported the expansion of consumer electronics production.
Many global manufacturers have expanded their production facilities in the country, and many manufacturing projects are underway in the next 10 years.
Such aforementioned factors, in turn, are expected to boost the market studied during the forecast period.

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Competitive Landscape

The super abrasives market is fragmented in nature, with top four players accounting for about 40% of the market. These include Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M, and Noritake Co. Limited, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 CNC Machines Replacing Old Technologies
  2. 4.1.2 Conventional Abrasives Substituted by Super Abrasives
2. 4.2 Restraints
  1. 4.2.1 High Initial Investment due to High Cost of Abrasives
  2. 4.2.2 Advanced Technological Requirements
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Material Type
  1. 5.1.1 Diamond
    1. 5.1.1.1 Vitrified Diamond
    2. 5.1.1.2 Electroplated Diamond
    3. 5.1.1.3 Resin Bond Diamond
    4. 5.1.1.4 Metal Diamond
  2. 5.1.2 Cubic Boron Nitride (CBN)
    1. 5.1.2.1 Vitrified CBN
    2. 5.1.2.2 Electroplated CBN
    3. 5.1.2.3 Resin Bond CBN
    4. 5.1.2.4 Metal CBN
2. 5.2 Application
  1. 5.2.1 Powertrain
  2. 5.2.2 Bearing
  3. 5.2.3 Gear
  4. 5.2.4 Tool Grinding
  5. 5.2.5 Turbine
  6. 5.2.6 Other Applications
3. 5.3 End-user Industry
  1. 5.3.1 Aerospace
  2. 5.3.2 Automotive
  3. 5.3.3 Medical
  4. 5.3.4 Electronics
  5. 5.3.5 Oil and Gas
  6. 5.3.6 Other End-user Industries
4. 5.4 Geography
  1. 5.4.1 Asia-Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 India
    3. 5.4.1.3 Japan
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
    4. 5.4.2.4 Rest of North America
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 France
    4. 5.4.3.4 Italy
    5. 5.4.3.5 NORDIC Countries
    6. 5.4.3.6 Rest of Europe
  4. 5.4.4 Rest of the World
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Saudi Arabia
    3. 5.4.4.3 United Arab Emirates
    4. 5.4.4.4 Others
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 3M
  2. 6.4.2 Action SuperAbrasive
  3. 6.4.3 Asahi Diamond Industrial Co. Ltd
  4. 6.4.4 Carborundum Universal Ltd
  5. 6.4.5 Guangdong Chanway Industrial Co. Ltd
  6. 6.4.6 Diamant Gesellschaft Tesch GmbH
  7. 6.4.7 Diametal AG
  8. 6.4.8 Dr.Kaiser
  9. 6.4.9 Eagles Superabrasives
  10. 6.4.10 Gunter Effgen GmbH
  11. 6.4.11 Ehwa Diamond Industrial Co. Ltd
  12. 6.4.12 Zhuhai Elephant Abrasives Co. Ltd
  13. 6.4.13 Finzler, Schrock & Kimmel GmbH
  14. 6.4.14 Heger GmbH Excellent Diamond Tools
  15. 6.4.15 Zhengzhou Hongtuo Superabrasive Products Co. Ltd
  16. 6.4.16 Husqvarna AB
  17. 6.4.17 Klingspor
  18. 6.4.18 Krebs & RiedelSchleifscheibenfabrik GmbH & Co.
  19. 6.4.19 KURE GRINDING WHEEL
  20. 6.4.20 Mirka Ltd
  21. 6.4.21 Noritake
  22. 6.4.22 Saint-Gobain Abrasives (Saint Gobain) 9.23 Sak Industries Private Limited
  23. 6.4.23 Hyperion Materials & Technologies
  24. 6.4.24 Shanghai Z&Y Industrial Diamond Co. Ltd
  25. 6.4.25 Sia Abrasives Industries AG
  26. 6.4.26 SlipNaxos Chile SA
  27. 6.4.27 Jiangsu Subei Grinding Wheel Factory Co. Ltd
  28. 6.4.28 Super Abrasives Inc.
  29. 6.4.29 Zische Schleifwerzeuge GmbH
  30. 6.4.30 Toyoda Van Moppes Ltd
  31. 6.4.31 Tyrolit
  32. 6.4.32 VSM AG
  33. 6.4.33 White Dove Company Limited

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability