Super Abrasives Market 2021 Analysis by Global Manufacturers: Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M, and Noritake Co. Limited

Super Abrasives Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2025. The Super Abrasives market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The super abrasives market is expected to witness significant growth, at an estimated CAGR of over 9% over the forecast period. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Super Abrasives Market: Asahi Diamond Industrial Co. Ltd, Saint-Gobain Abrasives Inc., 3M, and Noritake Co. Limited, among others..

Industry News and Developments:

3M acquires superabrasives manufacturer DPI

3M announced on June 6 that it has acquired Diamond Productions Inc., a manufacturer of superabrasive diamond and CBN (cubic boron nitride) wheels and tools for dimensioning and finishing hard-to-grind materials in metalworking, woodworking and stone fabrication markets. Terms of the transaction were not disclosed.

Diamond Productions Inc. (DPI) brings industrial metalworking strengths as well as new applications for stone processing to 3M’s strong offering of grinding and finishing tools for the industrial and commercial markets. The combination of 3M and DPI expands the capabilities for dimensioning hard-to-grind materials to include stone, marble and concrete. The addition of DPI’s metal, resin and vitrified superabrasives enhances 3M’s cutting and grinding capabilities for such things as kitchen countertops, monuments and structural granite as well as difficult to grind carbides, ceramics and glass.

“This acquisition expands 3M’s superabrasives business into new areas for 3M like the industrial stone industry,” said Chris Holmes, division vice president, 3M Abrasive Systems Division. “Adding DPI’s bonded superabrasives enhances our existing product line and enables 3M to provide even more products for manufacturing process improvements by our customers.”

Key Market Trends

- Based on the end-user industry, the electronics segment dominated the market, followed by automotive and aerospace.
- Asia-Pacific dominated the market, holding a share of almost 50%. This is primarily due to the rising demand from the electronics and automotive industries.
- The diamond segment dominated the market, holding a share of almost 70%.

Electronics Industry to Dominate the Market

- Super abrasives find various applications in the electronics industry. This is because of the type of materials that the super abrasive tools are capable of processing. The tools can be used to process semiconductor materials, ceramics, carbide alloys, copper and copper alloys, aluminum, resin, and rubber, all of which are majorly used in electronic component manufacturing.
- Printed Circuit Boards (PCBs) are the key elements for many electronic devices, like desktop computers and home theater systems, among others. Super abrasive grinding tools are largely used for the creation of PCB’s in the electronics industry.
- Super abrasives in the electronics industry provide consistent slicing performance, uniform diamond counts, uniform wire diameter, and even diamond distribution, and no diamond clustering.
- Asia-Pacific and European regions are expected to be the key driving regions for the consumption of super abrasives during the forecast period.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region dominated the super abrasives market. Owing to the demand for electronics in countries, such as China, India, and Japan, the demand for super abrasives in the manufacturing processes is also increasing in the region.
- China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, and cables, recorded the highest growth in the electronics segment. The country not only serves the domestic demand for electronics but also exports electronic output to other countries.
- In India, the consumer durables, like electronics appliances, have witnessed a tremendous increase in the production and sales, owing to the growing middle-class income, rapid urbanization, and change in lifestyle of the working class. Government initiatives have supported the expansion of consumer electronics production.
- Many global manufacturers have expanded their production facilities in the country, and many manufacturing projects are underway in the next 10 years.
- Such aforementioned factors, in turn, are expected to boost the market studied during the forecast period.

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Regional Analysis For Super Abrasives Market:

For comprehensive understanding of market dynamics, the global Super Abrasives market is analyzed across key geographies namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Super Abrasives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2027.                 

Key Points of Super Abrasives Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Super Abrasives market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Super Abrasives market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Super Abrasives market.

-Market Forecast: Here the report provides a full forecast for the global Super Abrasives market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Super Abrasives market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2027, which provides future outlook of the market for the manufacturers and suppliers.

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