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).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.