Global Super Abrasive Market size was US$ XX Bn. in 2019 and is expected to reach US$ 5.1 Bn. by 2027, at a CAGR of XX% during forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.
Super abrasive is a material that shows superior grinding characteristics with a very long lifecycle. Super abrasive materials are coated on many tools, like grinding wheels to improvise their grinding productivity. They are extensively popular because of their peculiar characteristics like high scale hardness, entrenched lifecycle, and superlative performance.
In the recent time, the super abrasive grains of cubic boron nitride (CBN) are used in many industrial applications. Aluminium oxide (Al2O3) is one of the conventional materials for crushing wheels. This Aluminum oxide wheel, in addition to others, has its certain drawbacks. Such as, it has to eradicate deposited carbon frequently during the process of grinding, to keep its performance up to its stated level and efficiency.
Improved diversity of applications of super abrasive materials has also stimulated the global market for super abrasive. However, the excessive cost of these materials that result in a high cost of production for many industries and price volatility of super abrasive products because of the fluctuating raw material costs may limit the super abrasive global market. Similarly, the report covers all the trends and technologies playing a major role in the growth of the super abrasive market over the forecast period.
Global Super Abrasive Market: Market Segmentation
The report covers the segments in the super abrasive market such as product, application, and end-user. Based on the product, a diamond segment expected to grow at the highest XX% CAGR during the forecast period. Diamond is used in the machining of materials like cast iron, nickel, and cobalt-based superalloys, where precision in machining operations is of prime importance.
Global Super Abrasive Market: Geographical Analysis
The APAC is expected to continue to hold the largest XX% share in the super abrasive market owing to rising disposable income and growing purchasing power for electronic gadgets in emerging countries such as China, Japan and India leading to increasing demand for super abrasives in the region.
In India, the consumer durables, such as electronic appliances, have witnessed a tremendous upsurge in the production and sales, because of the growing middle-class income, rapid urbanization, and change in lifestyle of the working class. China has the world’s major electronics production base. Electronic products, like tablets, wires, and cables, smartphones, recorded the highest growth in the electronics segment.
Competitive Analysis: Global Super Abrasive Market:
In recent years, major players in the super abrasive market have taken several strategic measures, such as facility expansions and partnerships. In June 2019, 3M proclaimed to joint venture with Diamond Productions Inc. to strengthen their stone formulating procedure. The collaboration helped both the companies to expand their stone, concrete and marble to hard-to-grind dimension products.
The report also helps in understanding Global Super Abrasive Market dynamics, structure by analyzing the market segments and projects the Global Super Abrasive Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Super Abrasive Market make the report investor’s guide
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Scope of the Global Super Abrasive Market:
Global Super Abrasive Market, By Product
o Vitrified Diamond
o Electroplated Diamond
o Resin Bond Diamond
o Metal Diamond
• Cubic Boron Nitride
o Vitrified CBN
o Electroplated CBN
o Resin Bond CBN
o Metal CBN
Global Super Abrasive Market, By Application
• Tool Grinding
Global Super Abrasive Market, By End-User
• Aerospace and Defense
• Electric and Electronics
• Construction and Building
• Oil and Gas
Global Super Abrasive Market, By Region
• North America
• Asia Pacific
• The Middle East and Africa
• Latin America
Global Super Abrasive Market, key Players
• Saint Gobain
• Elephant Abrasives
• Eagles Superabrasives
• Sia Abrasives
• Hongtuo Superhard
• Action Superabrasive
• Shanghai Z&Y
• Slip Naxos
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Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
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