A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Superabrasives
Market. The
study, titled “Superabrasives
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Superabrasives
Market: Overview
An
abrasive is a material which molds or provides finishing to a work
piece through a process which includes buffing, grinding, cutting, as
well as polishing. Abrasion typically depends on the difference in
the hardness of the material and the abrasive (with the latter being
the harder of the two).
Unlike
regular abrasion where any two solid materials that repeatedly rub
against each other tend to wear away, superabrasives possess the kind
of hardness that enables them to stay usable for a longer period of
time.
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On
the basis of hardness, the top two superabrasives include diamond and
cubic boron nitride (CBN). Industrial diamonds used as superabrasives
are exceptionally hard materials. However, they display several
technological limitations. For instance, when a diamond comes in
contact with a ferrous alloy such as steel or a nickel superalloy,
the resulting formation of carbide leads to its abrasion. Also, a
diamond-containing tool can only be used at moderate temperatures and
on non-metallic materials or non-ferrous alloys. Since CBN does not
exhibit any difficulties in terms of being able to retain its
hardness in a wide range of temperatures, it is preferred over
diamond abrasives, especially while machining ferrous materials and
superalloys.
Superabrasives
find applications related to industrial operations such as turning,
cutting, buffing, drilling, boring, grinding, finishing, honing,
sharpening, and super finishing. Diamond is primarily employed for
grinding cemented carbide, glass, ceramics, and hardened tool steel
and cubic boron nitride for hardened steel and wear-resistant
superalloys.
Superabrasives
Market Trends
Orthopedic
implant manufacturing creates opportunities for grinding machines.
Joint reconstructive surgery includes knee, hip, and shoulder
procedures, all of which involve orthopedic implants and associated
instrumentation, which typically require grinding during their
manufacturing processes. With the orthopedic implants industry
expanding every year, the competition among manufacturers of these
components is rising as well. The right machine coupled with the
CAD/CAM software are the tools needed to effectively respond to the
needs of this market. At the same time, manufacturers are
increasingly moving toward harder materials such as cobalt chromium
alloys for knees and other parts, which can be machined in one go
with added ease. The joint reconstruction sector witnessed
significant technological advancements in the past decade. A new
trend emerging in the field of knee arthroplasty is the development
of patient-specific implants. With the use of 3D scanners and the
sculptural computer-aided design (CAD) technology, patient-specific
implants can now be designed and manufactured with higher efficiency
and at a lower cost. Use of CBN tools, especially in grinding
machines in metal processing and the manufacturing of orthopedic
implants in the medical industry, propels the market.
Based
on product, the market for superabrasives can be segmented into the
diamond and cubic boron nitride segments. End-users of superabrasives
include machinery, electrical & electronics, transportation,
metal fabrication, construction, medical devices, and others.
Superabrasives can be employed in the following forms: loose, coated,
and bonded. They are available as powder, mesh, inserts, and wheels.
Superabrasives
Market: Region-wise Outlook
The
market for superabrasives is fragmented, with several companies
operating in the market. It was dominated by Asia Pacific due to the
presence of numerous manufacturers in the region, followed by Europe.
Demand in Europe is predicted to be higher than that in North America
and this trend is anticipated to continue over the forecast period.
Latin America and Middle East & Africa constituted comparatively
minor shares in the global superabrasives market.
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Superabrasives
Market: Key Players
Key
players operating in the superabrasives market include 3M, Element
Six, Sandvik AB, NanoDiamond Products, ILJIN DIAMOND CO. LTD., Asahi
Diamond Industrial Co. Ltd., Saint-Gobain, DuPont, SuperAbrasives
Inc., Show Denko K.K., and Tomei Diamond Co. Ltd.
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)
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