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Super Abrasive Market : Current Trends, Future Demand, Market Analysis & Outlook to 2025

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John Williams
Super Abrasive Market : Current Trends, Future Demand, Market Analysis & Outlook to 2025

The global super abrasive market size is anticipated to reach USD 10.4 billion by 2025, exhibiting a CAGR of 6.3% over the forecast period, according to a new report by Radiant Insights, Inc. The market growth is majorly driven by the increasing use of diamond in grinding wheels for precision and machining tools.

The demand for precision and machining tools is driven by increasing production of motor vehicles and construction activities. In the construction industry, the product is used to manufacture drilling, sawing, and cutting tools to machine concrete, bricks, and stones. As per the Institution of Civil Engineers, the global volume of construction output is expected to grow by 85% by 2030 with the U.S., China, and India being the major contributors. This is likely to boost the utilization of super abrasives over the coming years.

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The product is used as a grinding tool in the manufacturing of automotive components such as steering mechanism, injection systems, gear shaft, and cam/crankshaft to provide smooth finishing of components. Increasing production of motor and electric vehicles is anticipated to boost the demand for the product in the market over the coming years. The diamond segment is anticipated to register a CAGR of 5.7% over the forecast period owing to the growing demand for precision tooling from automotive and aerospace industries.

The market is characterized by a large number of local and global players. Major companies are acquiring local dealers/manufacturers and are entering into partnerships with major end users to continuously supply products. For instance, in February 2016, Saint-Gobain Abrasives entered into a partnership with Detroit Speed, an automotive component manufacturer, to promote its Norton brand. The move is projected to aid the former increase its consumer base. Asahi and Tyrolit, in November 2018, formed a business alliance in Europe and Asia to expand their product portfolio for electronics, bearings, and gearing industries. This move has allowed Asahi Diamond Group to enhance its portfolio in bearing & gearing industry.

Further key findings from the report suggest:

• Construction segment is expected to witness a CAGR of 5.8% owing to the increasing demand for cutting, drilling, and sawing tools

• The North America market accounted for a revenue share of 11.9% in 2018 with the growing manufacturing sector, especially in the U.S.

• The super abrasives market in Europe is expected to grow at a CAGR of 4.3%, in terms of revenue, over the forecast period owing to ongoing construction projects in Russia, Poland, and Western European countries

• Major players are adopting strategies such as capacity expansions, mergers, and acquisitions to cater to growing demand.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/super-abrasive-market

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Snapshot

Chapter 3. Super Abrasive Market Variables, Trends & Scope
3.1. Global Super Abrasive Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.4.2. Safety
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Growth of Automotive Industry
3.5.1.2. Rising demand for Machinery and Tools
3.5.2. Market Restraint Analysis
3.5.2.1. Stringent regulations and raw material price volatility
3.6. Business Environment Analysis: Super Abrasive Market
3.6.1. Industry Analysis - Porter's
3.6.2. PESTEL Analysis
3.7. Case Study

Chapter 4. Super Abrasive Market: Product Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2018 & 2025
4.3. Market size & forecasts and trend analysis, 2014 to 2025
4.3.1. Diamond
4.3.2. Diamond market estimates & forecast, 2014 - 2025
4.3.3. Cubic Boron Nitride
4.3.4. Cubic boron nitride market estimates & forecast, 2014 - 2025

Chapter 5. Super Abrasive Market: Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Application Movement Analysis & Market Share, 2018 & 2025
5.3. Market size & forecasts and trend analysis, 2014 to 2025
5.3.1. Construction
5.3.1.1. Super abrasive market estimates & forecast, in construction, 2014 - 2025
5.3.2. Transportation
5.3.2.1. Super abrasive market estimates & forecast, in transportation, 2014 - 2025
5.3.3. Oil & gas
5.3.3.1. Super abrasive market estimates & forecast, in oil & gas, 2014 - 2025
5.3.4. Electrical & electronics
5.3.4.1. Super abrasive market estimates & forecast, in electrical & electronics, 2014 - 2025
5.3.5. Others
5.3.5.1. Super abrasive market estimates & forecast, in others, 2014 - 2025

Continued…

Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
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