The Global Market Report on the Super Abrasives Market Size deals with several factors that would help the market launch plans that would back its market rise. Super Abrasives are in demand for their high abrasive strength, better surface finishing, high thermal conductivity, compression strength, and longer service life. The product is known for its precision grinding and is witnessing strong growth in the manufacturing process of vehicles, electronic gadgets, and medical instruments.
The Super Abrasives Market Size is estimated to have grown at a CAGR of 6.78 percent to USD 14.45 billion during the forecast 2021-2030.
Segmentation:
The Super Abrasives Market Size has been studied by experts from Market Research Future (MRFR) on the basis of a segmentation that includes details of Product Type and Application.
By Product Type, the report on the Super Abrasives Market Size has been segmented into vitrified CBN, vitrified diamond, resin bond CBN, resin bond diamond, metal/ hybrid bond diamond, rotary dressers, metal/ hybrid bond CBN, electroplated CBN, electroplated diamond, and stationary dressers.
By Application, the study on the Super Abrasives Market Size has been segmented into tool industry, machinery, cutting tools, medical, primary metal, bearings, electronics/ smartphones, turbines, gear, powertrain, and others. The electronics/smartphone market is witnessing a steep rise.
Regional Analysis
Regionally, Super Abrasives Market Size is spanned across five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the global Super Abrasives Market Size in 2016 by accounting for more than 57% share of the global Super Abrasives Market Size, in terms of value. This regional growth is attributed to the high production and sales of automotive in China, India, and Japan. The reviving automotive sector in North America and the manufacturing and trade of automotive parts in Europe are likely to augment the market growth over the review period. The other emerging markets such as Latin America and the Middle East & Africa seems to observe a healthy market trend.
Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global Super Abrasives Market Size: Saint Gobain (France), 3M (U.S.), Carborundum Universal Limited (France), Noritake (Japan), Meister Abrasives (U.S.), KREBA & RIEDEL (Germany), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD. (Tokyo), SUPER ABRASIVES (India), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), VSM Abrasives Corporation (Germany), and others.
Browse Complete Report: https://www.marketresearchfuture.com/reports/super-abrasives-market-5958
Industry News:
In July 2020, Saint Goba in Abrasives announced the launching of its new product Norton Winter Ironclad™ Diamond Single Layer Super abrasive Wheels. However, it is still awaiting its patent. The product is known for its ability to remove materials to increase productivity. The company claims that it is an ideal solution for ductile and grey cast iron applications, including fettling and snag grinding on parting lines, casting gates, sprues, and others. It is also expected to last 50% than the regular cutters. The company believes that such advantages would make the percolation process of the product easier across industries.
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