Global Super Abrasives Market Overview
Abrasive are the most used materials across the various industries for cleaning the hard surface, grinding and polishing. An abrasive helps to provide surface finish and shape for the material.Abrasives are mineral like materials available in different sizes, shapes and sizes depending upon the need. They are used to clean, abrade, scour, grind and remove solid materials by the action of rubbing. Two kinds of abrasives are available in abrasives market as synthetic and natural. Most of the natural abrasives have been replaced by synthetic abrasives in the abrasives market due to their consistent properties as required in industrial applications. Apart from natural diamond most of the abrasives are variable with their properties. One of the basic properties an abrasive must possess is hardness and that it must be harder than the material to which is polished, grinded or removed. In the 1970s, the term super abrasive was used to describe new alternatives to cutting tools based on polycrystalline diamond materials developed by the General Electric Company in the US. This very hard, brittle compound was an improvement on available grinding and cutting tools, although they required new techniques for proper use. The material is so hard that only diamond cutting techniques can be used to shape cutting tools made of this material. For one material to polish another, the first material must be harder than the other, hardness is a semi-quantitative value and refers to the overall ability of the material to avoid breaking when a force is applied. Hardness associated with roughness in use and bearing life, materials used in critical parts have grown harder and more abrasion-resistant as improvements in metal alloys and bimetallic structures have been developed. These parts must be manufactured to specification to meet the highest tolerances, manufacturing alone is not sufficient. Abrasives are particles for grinding and cutting in a grinding wheel and generally have the characteristics of being sharp and hard, the earliest abrasives can be divided into natural abrasives and synthetic abrasives according to their source. However, synthetic abrasives have replaced natural abrasives in many applications due to their unstable performance. Super abrasives offer consistent and even diamond distribution, slicing performance, uniform wire diameter, uniform diamond count and no diamond clustering in the electronics industry, which is expected to drive the market during the forecast period. The wear rate of super abrasive materials is very low and the requirement of wheel replacement is also less compared to conventional abrasives, this could be a key driving factor for the growth of super abrasives market.
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Attributes |
Details |
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Super Abrasives Market Value (2022) |
US$ 5.9 Bn |
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Super Abrasives Market Projected Value(2032) |
US$ 14.5 Bn |
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Super Abrasives Market CAGR (2022-2032) |
12.6% |
Global Super Abrasives Market Dynamics
Drivers:
The market is expected to grow due to the increasing use of super abrasives in turbine blades and aircraft, and the new CBN super abrasives are as hard as diamonds and are thermally stable, this hardness makes vitrified CBN grinding wheels capable of grinding ferrous alloys and other materials. Aerospace industry, which is expected to drive the market during the forecast period. Conventional abrasives used in grinding and cutting tools are silicon carbide, corundum, aluminum oxide and so on. Tools with vitrified bonds are made with feldspar, clays and other fusible materials. The steps in conventional machining techniques for finishing requires grinding and for some manufacturing process electrical discharge machining. Pink aluminum oxide, white aluminum oxide, zirconia, silicon carbide, ceramic aluminum oxide and aluminum oxide/silicon carbide mix (AC) are used for manufacturing and regrinding of cutting tools, such as drills, milling cutters, reamers and so on. Super abrasives, such as diamond and CBN tools, have been growing in usage and demand since 1985. These tools are also easily automated with CNC machine tools with latest profiling and cutting techniques. The use of super abrasives is increasing and its higher usage in different end-user industries such as automotive, medical (dental tools and others), aerospace, cutting, non-ferrous metals, stone, ceramic materials, oil & gas exploration. The demand for precision and machining tools is driven by increasing production of motor vehicles and construction activities. In the construction industry, the product is used to manufacture drilling, sawing, and cutting tools to machine concrete, bricks, and stones. As per the Institution of Civil Engineers, the global volume of construction output is expected to grow by 85% by 2030 with the U.S., China, and India being the major contributors. This is likely to boost the utilization of super abrasives over the coming years. The product is used as a grinding tool in the manufacturing of automotive components such as steering mechanism, injection systems, gear shaft, and cam/crankshaft to provide smooth finishing of components.
Restraint:
The increasing complexity of super abrasive technology in high-performance applications and its high initial cost make it difficult for small and medium-scale companies to compete with global market leaders. While industry leaders can afford significant research functions, the majority of unorganized players do not have access to substantial R&D resources. This disparity can make it difficult for small & medium-scale companies to compete in the market, in terms of developing products that may require advanced technologies. However, high investment cost, increase in advanced technology equipment and volatility in raw material prices are the major factors restraining the market growth and will challenge the growth and high-performance application of super abrasive market. Along with high initial cost and availability of raw materials and lack of stringent regulations are expected to negatively hamper the market growth. The cost of diamond is high compared to other materials, when diamond is used as a super abrasive in the manufacture of grinding wheels, the cost of the wheel also increases. Therefore, many manufacturers prefer conventional abrasives, which may restrict the growth of super abrasives market.
Technological advancement
Innovation in the super abrasives market is increasing worldwide, driven by technological developments in super abrasives that are more efficient to use. Latest technologies such as Vitrified CBN Super Abrasive (Cubic Boron Nitride) are meeting the stringent grinding needs of the aerospace industry. The new technology is able to hold tighter tolerances while removing more material and grinding cooler with less wheel wear than older technology. Manufacturers involved in the Super Abrasives Market are developing advanced versions of their products due to new age technological advancements. Major Super Abrasive’s players are investing more in power systems and creating more modern, time-saving, cost-effective technologies that have a positive impact on the super abrasive market. In November 2022, IIT Madras developed technology that can produce new-generation super-abrasive tools newly developed technology can now produce new-generation multi-point/single-layer super-abrasive tools for advanced grinding applications to achieve high productivity and energy-efficiency Requirement to remove material, Dr. from IIT Madras. A research team led by Amitav Ghosh has used advanced chemical technology including application specific novel formulations of filler materials and controlled grit spacing on tools through an indigenously developed semiautomatic grit-printing machine.
Global Super Abrasives Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Super Abrasives Market is segmented based on material type, application, end-user industry, and region.
On the basis of material type, the Super Abrasives Market is segmented into diamond and cubic boron nitride. The diamond is further bifurcated into vitrified diamond, electroplated diamond, resin bond diamond, and metal diamond. The cubic boron nitride is further characterized into vitrified CBN, electroplated CBN, resin bond CBN, and metal CBN. Based on application, the target market is classified into powertrain, bearing, gear, tool grinding, turbine, and other applications. Based on end-user industry, the global market is segmented into aerospace, automotive, medical, electronics, oil and gas, and other end-user industry.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Super Abrasives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific dominates the global market in terms of revenue and is projected to continue its dominance in the coming years. 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. 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.
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Material Type - Diamond (Vitrified Diamond, Electroplated Diamond, Resin Bond Diamond, and Metal Diamond), and Cubic Boron Nitride (Vitrified CBN, Electroplated CBN, Resin Bond CBN, and Metal CBN)
By Application – Powertrain, Bearing, Gear, Tool Grinding, Turbine, and Other Applications
By End-User Industry - Aerospace, Automotive, Medical, Electronics, Oil and Gas, and Other End-User Industry
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Super Abrasives Market report based on material type, application, end user industry and region:
Super Abrasives Market, By Material Type:
- Diamond (Vitrified Diamond, Electroplated Diamond, Resin Bond Diamond, and Metal Diamond)
- Cubic Boron Nitride (Vitrified CBN, Electroplated CBN, Resin Bond CBN, and Metal CBN)
Super Abrasives Market, By Application:
- Powertrain
- Bearing
- Gear
- Tool Grinding
- Turbine
- Other Applications
Super Abrasives Market, By End Use Industry:
- Aerospace
- Automotive
- Medical
- Electronics
- Oil and Gas
- Other End-User Industry
Super Abrasives Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Super Abrasives Market Key Players
The key players operating the Super Abrasives Market includes, Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M, Noritake Co. Limited, Protech Diamond Tools Inc., Radiac Abrasives Inc., American Super abrasives Corp., Action Super Abrasive, Carborundum Universal Ltd, and Guangdong Gesellschafts Tesch GmbH. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in June 2019, 3M announced the acquisition of Diamond Productions Inc. which will help the company to strengthen their stone processing application. This combination will help both the companies. The combination of 3 M and DPI expands the ability to include stone, marble and concrete to dimension hard-to-grind products. This will also help the 3M to expand their cutting and grinding capabilities.
Global Super Abrasives Market Company Profile
- Asahi Diamond Industrial Co. Ltd*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Saint-Gobain Abrasives Inc.
- 3M
- Noritake Co. Limited
- Protech Diamond Tools Inc.
- Radiac Abrasives Inc.
- American Super abrasives Corp.
- Action Super Abrasive
- Carborundum Universal Ltd
- Guangdong Gesellschafts Tesch GmbH
“*” marked represents similar segmentation in other categories in the respective section
Recent Developments:
- In July 2021, Saint-Gobain Abrasives introduced Norton Quantum Prime grinding wheels, which feature a proprietary nano-crystalline ceramic grain. The new grain offers higher grinding efficiency and grade quality, as well as significantly longer wheel life than traditional ceramic grains, the company said.
- In June 2022, 3M announced in June that it had acquired Diamond Productions Inc., a maker of super abrasive diamond and CBN (cubic boron nitride) wheels and equipment for sizing and finishing hard-to-grind materials in the metalworking, woodworking and stone fabrication markets.
Global Super Abrasives Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Super Abrasives Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By End-User Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Super Abrasives Market, By Material Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Diamond
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Vitrified Diamond
- Electroplated Diamond
- Resin Bond Diamond
- Metal Diamond
- Cubic Boron Nitride
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Vitrified CBN
- Electroplated CBN
- Resin Bond CBN
- Metal CBN
- Overview
- Global Super Abrasives Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Powertrain
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Bearing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Gear
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Tool Grinding
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Turbine
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Super Abrasives Market, By End-User Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Aerospace
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Oil and Gas
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other End-User Industry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Super Abrasives Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
- Market Super Abrasives and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
- Market Super Abrasives and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
- Market Super Abrasives and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
- Market Super Abrasives and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
- Market Super Abrasives and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Asahi Diamond Industrial Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Saint-Gobain Abrasives Inc.
- 3M
- Noritake Co. Limited
- Protech Diamond Tools Inc.
- Radiac Abrasives Inc.
- American Superabrasives Corp.
- Action SuperAbrasive
- Carborundum Universal Ltd
- Guandong Geselschaft Tesch GmbH
- Asahi Diamond Industrial Co. Ltd
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Over the Counter Drugs Market is 5.9 billion in 2022.
The Over the Counter Drugs Market is projected to increase at a CAGR of 12.6% during the forecast period.
The Super Abrasives Market is segmented based on material type, application, end-user industry, and region.
Rising usage of diamond in grinding wheels for precision and machining tools is the major factor driving growth of the market.
The market in Asia Pacific dominates the global market in terms of revenue and is projected to continue its dominance in the coming years. 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.
The Key players operating in the Super Abrasives Market includes Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M, Noritake Co. Limited, Protech Diamond Tools Inc., Radiac Abrasives Inc., American Superabrasives Corp., Action SuperAbrasive, Carborundum Universal Ltd, and Guangdong Gesellschafts Tesch GmbH.