Super Abrasive Market Scope
Super abrasives are refer as the tools which relates to grinding polishing or dressing which are been manufactured using diamond or CBN as the abrasive. As they are complementarity in the processing materials, CBN and diamond abrasives greatly expand the range of abrasive tools which can be used to cover almost all processed materials including high brittle, high hardness, high toughness materials. There are number of applications for super abrasives which are steadily growing. They are been employed in various industries, like medical, automotive, aerospace, electronics, oil and gas and others. They are basically used to make tools from the high-speed steel.
According to AMA, the Global Super Abrasive market is expected to see growth rate of 9.21% and may see market size of USD6776.08 Million by 2026.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Super Abrasive market throughout the predicted period.
3M (United States), Saint Gobain (France), Carborundum Universal Limited (France), Noritake (Japan), Meister Abrasives (United States), KREBA & RIEDEL (Germany), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD. (Tokyo), SUPER ABRASIVES (India) and Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are VSM Abrasives Corporation (Germany), Asahi (France), Elephant Abrasives (China) and Eagles Superabrasives (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Super Abrasive market by Type (Diamond [Vitrified Diamond, Electroplated Diamond, Resin Bond Diamond and Metal Diamond], Cubic Boron Nitride (CBN) [Vitrified CBN, Electroplated CBN, Resin Bond CBN and Metal CBN] and Other), by Application (Powertrain, Bearing, Gear, Tool Grinding, Turbines and Others) and Region with country level break-up.
On the basis of geography, the market of Super Abrasive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On Jan 4, 2021 - Faco-Abrasive Industrial Sdn Bhd is the new distributor for Krebs & Riedel products in Malaysia. and In July 2020- TYROLIT Group acquired Bibielle S.p.A. – a leading manufacturer of high-quality three-dimensional abrasive material – closing the product gap in surface conditioning.
EN 13236:2010/FPRA1: This European Standard is applicable to the following super abrasive products: precision super abrasive grinding and cutting-off wheels, non-precision cutting-off wheels, diamond wires, mounted points, and other super abrasive products for non-precision grinding. It also applies to reconditioned super abrasive cutting-off wheels. This Standard specifies requirements and/or measures for the removal or reduction of hazards resulting from the design and application of the super abrasive products. and It also contains the procedures and tests for verification of compliance with the requirements as well as the safety information for the use which is to be made available to the user by the manufacturer.
Market Trend
- Growing Use In Automobile Sector
Market Drivers
- Old Technologies are Replaced By the Cnc Machines
- Conventional Abrasives Substituted By Super Abrasives
Opportunities
- Growing Adaptation In Medium Scale Industries
- Growing Research For Cost Reduction
Restraints
- Advanced Technological Requirements
Challenges
- High Initial Investment is Required Due To High Cost Of Abrasives
Analyst View
Electronics industry forms the major market segment, with ~48.8% market share
Key Target Audience
Super abrasives manufacturers, Traders and distributors of super abrasives, Production process industries, Potential investors and Raw material suppliers