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Super-hard Material Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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The solidity of super-hard material is valued at about 40 giga pascals (GPa). It can be measured using the Vickers test which processes about 40 GPa of hardness of super-hard material including extremely incompressible solids with high bond covalence and electron density. Vickers measurements of various hard materials include diamond at 115 GPa and cubic boron nitride (CBN) at 48. These materials are used in numerous industrial processes such as abrasives and polishing and cutting wear-resistant tools and protective coatings. The hardness of a material depends on its elasticity and incompressibility. 

Super-hard materials are synthesized in high-pressure and high-temperature (HPHT) conditions by optimizing energy and using inexpensive materials. Different end-products of super-hard materials include tool steels, cemented carbides, diamond, and ceramics. Cement carbide is tremendously employed in industrial applications to machine hard materials such as stainless steel and carbon steel. 

The super-hard material market has been segmented by categories into the following: composite super-hard materials, super-hard materials & tools, and mono crystalline super-hard. Composite super-hard materials comprise metal working sheets for cutting tools, oil & gas, and others. Super-hard materials and tools consist of polycrystalline diamond saw blades, diamond drawing dies, diamond discs, diamond cutting tools, and diamond drill bits. Mono crystalline super hard materials include diamond and cubic boron nitride (CBN). 

Super-hard materials feature unique properties such as the ability to scratch and shape any object and are therefore used in a wide array of industrial operations such as cutting, turning, boring, grinding, and drilling. Based on end-users, the market has been divided into the alternative energy, aerospace, chemical processing, automotive, die, mold, electronic, infrastructure, construction, general machining, mining, oil & gas, railroads power generation, shipbuilding, and paper & pulp sectors. 

Increasing demand from downstream petroleum, metal cutting machine tools, and construction boost the demand for super-hard materials. Downstream petroleum industries are developing tremendously in Asia Pacific region, whereas infrastructure and construction are steadily growing in the Middle East region.

Based on type, the market has been segmented into diamond, cubic boron nitride (CBN), and others. Diamond is an extremely hard material with its Vickers measurement falling in the range of 70–150 GPa. Diamond exhibits electrically insulating properties and high thermal conductivity. Synthetic diamond can exist as a small poly crystal and single continuous material. In terms of applications, the market has been classified into the following varieties: cutting tools, coatings, general medicine, sensors, semiconductor fabrication, wear parts polishing stones, subsystem components, construction, composite polycrystalline tools, abrasives categories, and others.  On the basis of region, the market has been distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is one of the globally leading consumer of super-hard materials. In Asia Pacific, China holds a major share in the super-hard material market and is one of the top manufacturers of manmade diamond. Asia Pacific region is followed by North America and Europe. Improvements in economy, escalating manufacturing activities, and growing demand for machine tools used for industrial applications in North America and Europe drive the super-hard material market.

Key players in the global super-hard material market include Sumitomo Electric Industries, Ltd. (Japan), Sandvik Group (Sweden) , ILJIN (KOREA), Zhongnan Diamond Co., Ltd.(China), Element Six (South Africa), Whirlwind (U.S.), SF Diamond (China), Funik Ultrahard Material Co.,LTD. (China), and Zhengzhou Sino-Crystal Diamond Co., Ltd. (China).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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