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Super Hard Materials Market Report
Super-hard Materials Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
Super-hard Materials Market is likely to witness a CAGR of 5.2% during the forecast period. Growing manufacturing sector and utilization of the product in major end-user industries including automotive, building & construction, chemical and petrochemicals are the major factors expected to drive the growth of the market. In addition, use of the product for protective coating, metal sheets cutting, etc. in the automotive and transportation industries is expected to fuel the growth of the market during the forecast period.
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Super-hard Materials Market – Snapshot |
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Growth |
5.2% for the next five years |
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Major Product Type |
Diamond |
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Major Form Type |
Composite |
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Dominant End-User Type |
Building & Construction |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Element Six, Sandvik, ILJIN Diamond, Zhongnan Diamond, Huanghe Whirlwind, JINQU Super-hard, Sumitomo Electric Industries, FUNIK, SF-Diamond, Zhengzhou Zhong Peng, Besco Superabrasives, Yalong Super-hard Materials, CR GEMS, and Anhui HongJing. |
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Based on the product type, the market is segmented as diamond, cubic boron nitride, and others. Diamond generated substantial revenue in 2020 and covers over half of the total market. The segment is estimated to maintain its dominance during the forecast period as well. The growth of the segment is owing to the product being majorly used for grinding, cutting, and machining materials including titanium alloys, cemented carbides, ceramics, quartz stone, asphalt, glass, etc. These are also used in dressers, drill bits and wire drawing dies.
Based on the form type, the market is segmented as monocrystalline, polycrystalline, composite, and others. Composite form type is expected to remain the largest segment of the market owing to the increasing use of super-hard composites to manufacture stealth aircraft and automotive body parts.
Based on the end-user type, the market is segmented as automotive & transportation, building & construction, chemicals & petrochemicals, drilling, mining & quarrying, electrical & electronics, and others. The building & construction end-user type is estimated to account for the major share of the market during the forecast period on account of rising urbanization driven by the increasing middle- and high-income population, especially in the Asia-Pacific region. On the other hand, the electrical & electronics industry is also estimated to register significant growth in the market over the forecast period as super-hard materials are used for the manufacturing of heat conductors, high-power transistors, optics and optoelectronics.
In terms of regions, Asia-Pacific dominated the super-hard materials market in 2020, and is estimated to continue its leading position during the forecast period as well. The region’s growth is owing to the rising chemical and petrochemical industries in South Korea, India, and the Southeast Asian countries. The Asia-Pacific region is followed by North America and Europe. Improvements in economy, increasing manufacturing activities, and growing demand for machine tools used for industrial applications in North America and Europe drive the super-hard materials market in the respective regions.
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Super-hard materials are materials that possess a hardness level exceeding 40 gigapascals. They find applications in various industrial processes such as abrasives and polishing and cutting wear-resistant tools and protective coatings.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Super-hard Materials Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The super-hard materials market is segmented into the following categories.
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Some of the key players in the super-hard materials market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The super-hard materials market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.
Element Six, Sandvik, ILJIN Diamond, Zhongnan Diamond, Huanghe Whirlwind, JINQU Super-hard, Sumitomo Electric Industries, FUNIK, SF-Diamond, Zhengzhou Zhong Peng, Besco Superabrasives, Yalong Super-hard Materials, CR GEMS, and Anhui HongJing are among the key players in the super-hard materials market.
Diamond is expected to maintain its dominance in the super-hard materials market in the coming years.
Composite form type is expected to remain the largest segment in the super-hard materials market during the next five years.
The building & construction end-user type is expected to account for the major share in the super-hard materials market in the next five years.
Asia-pacific is expected to continue its leading position in the super-hard materials market during the forecast period.
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