Global Super Abrasives Market - Segmented by Material Type, End-user Industry, Application, and Geography ‚ Growth, Trends, and Forecasts

The global super abrasives market is expected to reach USD 4,287.72 million in 2018. It is estimated to reach USD 6,667.08 million by 2023, at estimated CAGRs of 9.23% over the forecast period of 2018-2023.

Substitution of Conventional Abrasives by Super Abrasives

Conventional abrasives used in grinding and cutting tools are silicon carbide, corundum, aluminium oxide etc. In recent times, the super abrasive grains of cubic boron nitride (CBN) are used in various industrial applications. Aluminum oxide (Al2O3) is one of the conventional materials for grinding wheels. This Al2O3 wheel, in addition to others, has its own certain disadvantages. For instance, it has to remove deposited carbon frequently during the process of grinding, in order to keep its performance up to its specified level and efficiency. In addition to this, these conventional low-speed grinding wheels cannot be run at high rpm and hence, the obtained surface integrity cannot be up to the mark. Due to these reasons, conventional grinding wheels are replaced by high-speed super-abrasive grinding wheels. Its properties and better performance, with the features such as excellent form retention, better surface finish, dimensional accuracy, lower cost per piece, lower cycle time, and longer durability and higher performance, the super abrasives are suitable substitutes for the conventional abrasives

Electronics Industry - a Huge Market Potential

Super abrasives find various applications in the electronics industry. This is because of the type of materials that the super abrasive tools are capable of processing. The tools can be used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminium, resin, and rubber, all of which are majorly used in electronic component manufacturing. Printed Circuit Boards (PCBs) are the key elements for many electronic devices, like desktop computers and home theatre systems, among others. Super abrasive grinding tools are largely used for the creation of PCB’s in the electronics industry. Super abrasives in the electronics industry provide consistent slicing performance, uniform diamond counts, uniform wire diameter, and even diamond distribution, and no diamond clustering. Super abrasives are also required in the electronics sector for disc texturing, wafer manufacturing, polishing, optic windows, semiconductors, and heat sinks. Asia-Pacific and European regions are expected to be the key driving regions for the consumption of super abrasives during the forecast period.

Asia-Pacific Region to Dominate the Market

Asia-Pacific region dominated the global super abrasives market in 2017. Owing to the demand for electronics in countries such as China, India, and Japan, the demand for super abrasives in the manufacturing processes are increasing in the region. In India, the consumer durables, like electronics appliances, have witnessed a tremendous increase in production and sales, owing to the growing middle-class income, rapid urbanization, and change in lifestyle of the working class. Government initiatives have supported the expansion of consumer electronics production. Many global manufacturers have expanded their production facilities in the country, and many manufacturing projects are underway in the next 10 years. According to the India Brand Equity Foundation (IBEF), the Indian electronics market is expected to witness a CAGR of 41% between 2017 and 2020, to reach a value of USD 400 billion. Such demand and viable opportunities for production, in the consumer electronics segment in India, are expected to provide a wide array of opportunities for the consumption of super abrasives in the coming years. All the aforementioned factors, in turn, expected to increase during the forecast period.

Notable Developments in the Market

  • October 2017, 3M declared that it has finalized the sale of its electronic monitoring business to funds recommended by Apax Partners, for approximately USD 200 million.
  • Major Players: Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M Company, and Noritake Co. Limited, among others.

    Reasons to Purchase this Report
    • Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
    • The application that is expected to dominate the market.
    • Region that is expected to witness the fastest growth during the forecast period.
    • Identify the latest developments, market shares, and strategies employed by the major market players.
    • 3 months analyst support along with the Market Estimate sheet (in Excel).
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    1. Introduction
    1.1 Scope of the Report
    1.2 Study Assumptions
    1.3 Study Deliverables
    1.4 Research Phases
    2. Executive Summary
    3. Market Insights
    3.1 Industry Value Chain Analysis
    3.2 Regulatory Policy Analysis
    3.3 Industry Attractiveness - Porter's Five Forces Analysis
    3.3.1 Bargaining Power of Suppliers
    3.3.2 Bargaining Power of Consumers
    3.3.3 Threat of New Entrants
    3.3.4 Threat of Substitute Products and Services
    3.3.5 Intensity Of Competitive Rivalry
    4. Market Dynamics
    4.1 Drivers
    4.1.1 CNC Machines Replacing Older Technologies
    4.1.2 Conventional Abrasives Substituted By Super Abrasives
    4.1.3 Increasing Use in the Automobile Sector
    4.2 Restraints
    4.2.1 High Initial Investment due to High Cost of Abrasives
    4.2.2 Advanced Technological Requirements
    4.3 Opportunities
    4.3.1 Increasing Expertise in Developing New Technology
    4.3.2 Miniaturization of Super Abrasives to Nano Scale: Usage in Medical and Electronic Components
    4.3.3 Growing Research for Cost Reduction
    5. Market Segmentation and Analysis
    5.1 By Material Type
    5.1.1 Diamond Vitrified Diamond Electroplated Diamond Resin Bond Diamond Metal Diamond
    5.1.2 Cubic Boron Nitride (CBN) Vitrified CBN Electroplated CBN Resin Bond CBN Metal CBN
    5.2 By End-user Industry
    5.2.1 Aerospace
    5.2.2 Automotive
    5.2.3 Medical
    5.2.4 Electronics
    5.2.5 Oil & Gas
    5.2.6 Other End-user Industries
    5.3 By Application
    5.3.1 Powertrain
    5.3.2 Bearing
    5.3.3 Gear
    5.3.4 Tool Grinding
    5.3.5 Turbine
    5.3.6 Other Applications
    6. Regional Market Analysis (Market Size, Share, and Forecast)
    6.1 Asia-Pacific
    6.1.1 China
    6.1.2 India
    6.1.3 Japan
    6.1.4 South Korea
    6.1.5 Rest of Asia-Pacific
    6.2 North America
    6.2.1 United States
    6.2.2 Canada
    6.2.3 Mexico
    6.2.4 Rest of North America
    6.3 Europe
    6.3.1 Germany
    6.3.2 United Kingdom
    6.3.3 France
    6.3.4 Italy
    6.3.5 NORDIC Countries
    6.3.6 Rest of Europe
    6.4 Rest of the World
    6.4.1 Brazil
    6.4.2 Saudi Arabia
    6.4.3 UAE
    6.4.4 Rest of the World
    7. Future of the Market
    8. Competitive Landscape
    8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
    8.2 Market Share Analysis**
    8.3 Strategies Adopted by Leading Players
    9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, Analyst View)
    9.1 3M Company
    9.2 Action SuperAbrasive
    9.3 Asahi Diamond Industrial Co. Ltd
    9.4 Carborundum Universal Ltd
    9.5 Guangdong Chanway Industrial Co. Ltd
    9.6 Diamant Gesellschaft Tesch GmbH
    9.7 Diametal AG
    9.8 Dr.Kaiser
    9.9 Eagles Superabrasives
    9.10 Günter Effgen GmbH
    9.11 Ehwa Diamond Industrial Co. Ltd
    9.12 Zhuhai Elephant Abrasives Co. Ltd
    9.13 Finzler, Schrock & Kimmel GmbH
    9.14 Heger GmbH Excellent Diamond Tools
    9.15 Zhengzhou Hongtuo Superabrasive Products Co. Ltd
    9.16 Husqvarna AB
    9.17 Klingspor
    9.18 Krebs & RiedelSchleifscheibenfabrik GmbH & Co.
    9.20 Mirka Ltd
    9.21 Noritake
    9.22 Saint-Gobain Abrasives (Saint Gobain)
    9.23 Sak Industries Private Limited
    9.24 Hyperion Materials & Technologies
    9.25 Shanghai Z&Y Industrial Diamond Co. Ltd
    9.26 Sia Abrasives Industries AG
    9.27 SlipNaxos Chile S.A
    9.28 Jiangsu Subei Grinding Wheel Factory Co. Ltd
    9.29 Super Abrasives Inc.
    9.30 Zische Schleifwerzeuge GmbH
    9.31 Toyoda Van Moppes Ltd
    9.32 Tyrolit
    9.33 VSM AG
    9.34 White Dove Company Limited
    10. Disclaimer

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