Global Super Abrasives Market – Forecast Till 2023

Global Super Abrasives Market – Forecast Till 2023

$4450 – $6250

Global Super Abrasives Market Information: Product Type (Vitrified Diamond, Vitrified CBN, Resin Bond Diamond, Resin Bond CBN, Metal/ Hybrid Bond CBN), Application (Cutting Tools, Tool Industry, Machinery, Electronics/ Smartphones), Region – Forecast Till 2023

SKU: 180451 Category: Tags: , , , , , , , , ,

Description

Market Scenario
One of the hardest forms of abrasives is the super abrasives that are mainly utilized for the precision grinding purpose. With properties like higher abrasive strength, high thermal conductivity, compression strength, longer service life, and better surface finishing, these super abrasives are highly used in various end-user industries. The global super abrasives market was estimated to reach the valuation of USD 10,024.3 million in the year 2017 and is further anticipated to reach the value of USD 1.4 billion by the year 2023. The market is growing at a CAGR of 6.57% during the forecast period (2017-2023).
The super abrasives market is seeing a higher development with the increasing adoption of the super abrasives over the ordinary abrasives because of the predominant properties and durability that they offer. Moreover, higher interest for super abrasives from different end-use businesses like medical, car, gadgets, and others; is another factor powering the development of the global super abrasives market. These abrasives are broadly utilized in the production of motors, brakes, suspension frameworks, steering, elastic and tires, windshield glass, and other body parts. Furthermore, the rising technological advancement in the automobile business is the reason behind the growing interest for high-performance customized engines, which is projected to drive the market development in the automotive sector.

Market Segmentation
The super abrasives market is classified on the basis of its application, product type, and regional demand. Based on its product type, the market is bifurcated into vitrified CBN, vitrified diamond, resin bond diamond, metal/ hybrid bond diamond, resin bond CBN, metal/ hybrid bond CBN, electroplated diamond, rotary dressers, electroplated CBN, and stationary dressers. On the basis of its application, the market is divided into cutting tools, machinery, tool industry, primary metal, electronics/ smartphones, powertrain, bearings, turbines, medical, gear, and others. Based on its regional demand, the super abrasives market is segmented into global regions like Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa.

Key Players
Some of the major players in the global super abrasives market include companies like Saint Gobain (France), Carborundum Universal Limited (France), 3M (U.S.), Noritake (Japan), KREBA & RIEDEL (Germany), Meister Abrasives (U.S.), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), SUPER ABRASIVES (India), TOYODA VAN MOPPES LTD. (Tokyo), VSM Abrasives Corporation (Germany), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), and others.

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Table of Contents

Table of Contents: 1 Executive Summary 2 Market Introduction 2.1 Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Market Structure 2.5 Key Takeaways 3 Market Insights 4 Research Methodology 4.1 Research Process 4.2 Primary Research 4.3 Secondary Research 4.4 Market Size Estimation 4.5 Forecast Model 5 Market Dynamics 5.1 Introduction 5.2 Drivers 5.2.1 Relatively greater adoption of super abrasives than conventional abrasives 5.2.2 Broad application spectrum of super abrasives 5.2.3 Expanding automotive sector 5.3 Restraints 5.3.1 High prices associated with super abrasives 5.4 Opportunities 5.4.1 Increasing demand in the medical sector 5.4.2 Growing research projects for cost reduction 5.5 Challenges 5.5.1 Volatile super abrasives demand in the emerging economies 6 Market Factor Analysis 6.1 Supply Chain Analysis 6.1.1 Raw Material Suppliers 6.1.2 Abrasives Manufacturers 6.1.3 Distribution Channel 6.1.4 End-User Industry 6.2 Porter’s Five Forces Analysis 6.2.1 Threat of New Entrants 6.2.2 Threat of Rivalry 6.2.3 Threat of Substitute 6.2.4 Bargaining Power of Supplier 6.2.5 Bargaining Power of Buyer 7 Global Super Abrasives Market, By Product Type 7.1 Introduction 7.2 Vitrified Diamond 7.3 Vitrified CBN 7.4 Resin Bond Diamond 7.5 Resin Bond CBN 7.6 Metal/ Hybrid Bond CBN 7.7 Metal/Hybrid Bond Diamond 7.8 Electroplated Diamond 7.9 Electroplated CBN 7.1 Rotary Dressers 7.11 Stationary Dressers 8 Global Super Abrasives Market, By Application 8.1 Introduction 8.2 Cutting Tools 8.3 Tool Industry 8.4 Machinery 8.5 Bearings 8.6 Electronics/ Smartphones 8.7 Powertrain 8.8 Turbines 8.9 Gear 8.1 Primary Metal 8.11 Medical 8.12 Others 9 Global Super Abrasives Market, By Region 9.1 Introduction 9.2 North America 9.2.1 U.S. 9.2.2 Canada 9.3 Europe 9.3.1 Germany 9.3.2 France 9.3.3 Russia 9.3.4 Italy 9.3.5 UK 9.3.6 Poland 9.3.7 Czech Republic 9.3.8 Romania 9.3.9 Rest of Europe 9.3.10 Asia Pacific 9.3.11 China 9.3.12 India 9.3.13 Japan 9.3.14 Australia & New Zealand 9.3.15 South Korea 9.3.16 Rest of Asia Pacific 9.4 Latin America 9.4.1 Brazil 9.4.2 Mexico 9.4.3 Argentina 9.4.4 Rest of Latin America 9.5 Middle East & Africa 9.5.1 Turkey 9.5.2 Iran 9.5.3 Rest of Middle East & Africa 10 Competitive Landscape 10.1 Competitive Landscape 10.1.1 Introduction 10.1.2 Key development analysis 11 Company Profiles 11.1 Saint Gobain 11.1.1 Company Overview 11.1.2 Financial Overview 11.1.3 Products Offerings 11.1.4 Key Developments 11.1.5 SWOT Analysis 11.1.6 Key Strategy 11.2 3M 11.2.1 Company Overview 11.2.2 Financial Overview 11.2.3 Products Offerings 11.2.4 Key Developments 11.2.5 SWOT Analysis 11.2.6 Key Strategy 11.3 Carborundum Universal Limited 11.3.1 Company Overview 11.3.2 Financial Overview 11.3.3 Products Offerings 11.3.4 Key Developments 11.3.5 SWOT Analysis 11.3.6 Key Strategy 11.4 Noritake Co. Ltd 11.4.1 Company Overview 11.4.2 Financial Overview 11.4.3 Products Offerings 11.4.4 Key Developments 11.4.5 SWOT Analysis 11.4.6 Key Strategy 11.5 Meister Abrasives 11.5.1 Company Overview 11.5.2 Financial Overview 11.5.3 Products Offerings 11.5.4 Key Developments 11.5.5 SWOT Analysis 11.5.6 Key Strategy 11.6 KREBA & RIEDEL 11.6.1 Financial Overview 11.6.2 Products Offerings 11.6.3 Key Developments 11.6.4 SWOT Analysis 11.6.5 Key Strategy 11.7 Tyrolit Schleifmittelwerke Swarovski K.G. 11.7.1 Company Overview 11.7.2 Financial Overview 11.7.3 Products Offerings 11.7.4 Key Developments 11.7.5 SWOT Analysis 11.7.6 Key Strategy 11.8 TOYODA VAN MOPPES LTD. 11.8.1 Company Overview 11.8.2 Financial Overview 11.8.3 Products Offerings 11.8.4 Key Developments 11.8.5 SWOT Analysis 11.8.6 Key Strategy 11.9 SUPER ABRASIVES 11.9.1 Company Overview 11.9.2 Financial Overview 11.9.3 Products Offerings 11.9.4 Key Developments 11.9.5 SWOT Analysis 11.9.6 Key Strategy 11.1 Zhengzhou Hongtuo Super Abrasive Products Co., Ltd 11.10.1 Company Overview 11.10.2 Financial Overview 11.10.3 Products Offerings 11.10.4 Key Developments 11.10.5 SWOT Analysis 11.10.6 Key Strategy 11.11 VSM Abrasives Corporation. 11.11.1 Financial Overview 11.11.2 Products Offerings 11.11.3 Key Developments 11.11.4 SWOT Analysis 11.11.5 Key Strategy 12 Conclusion 12.1 Key Findings 12.1.1 Analyst Perspective 12.1.2 Key Companies to Watch

Related products