Press release
Super Abrasives Market Analysis and By Region Forecast to 2032
The Super Abrasives Market size is estimated to grow at a CAGR of 5.9% between 2022 and 2032. The market size is forecast to increase by USD 9,345.32 million. The growth of the market is driven by factors including the rising demand from the automotive and electronics industries, increasing investments in aerospace manufacturing, and advancements in precision machining technologies. Super abrasives refer to grinding, cutting, or polishing materials that are significantly harder than conventional abrasives like aluminum oxide or silicon carbide. They are typically used in demanding applications requiring high precision, long lifespan, and high material removal rates. The two most common types of super abrasives are diamond and cubic boron nitride (CBN), which are widely employed in industries such as automotive, electronics, aerospace, and medical.
Super Abrasives Market Drivers:
One of the key factors driving the super abrasives market growth is the rising demand from the automotive industry. With the increasing production of electric vehicles (EVs) and advancements in internal combustion engine (ICE) technologies, the need for precision machining and high-performance materials is growing. Super abrasives are extensively used in grinding and cutting applications to manufacture critical automotive components such as engines, transmission systems, and braking systems. The demand for super abrasives is also being fueled by the growth of the electronics industry, where they are used for the precision grinding of semiconductors, printed circuit boards (PCBs), and other electronic components.
Moreover, the expansion of the aerospace industry, particularly in the production of aircraft engines and turbine blades, is contributing significantly to market growth. The need for high-precision grinding and finishing of aerospace components, which require tight tolerances and high surface quality, is driving the adoption of super abrasives in this sector. Hence, such factors are expected to drive market growth during the forecast period.
Request a Free Sample Copy (To get a comprehensive overview of the report, including the Summary and Table of Contents) @ https://www.eternityinsights.com/request-a-sample/33297
Super Abrasives Market Trends:
A key trend shaping the super abrasives market growth is the development of advanced manufacturing technologies. The integration of artificial intelligence (AI) and machine learning (ML) in precision machining processes is enhancing the performance of super abrasives. These technologies allow for real-time monitoring and optimization of machining operations, leading to improved efficiency and reduced material waste. Additionally, there is a growing trend toward the adoption of environmentally friendly manufacturing processes, which is driving the demand for super abrasives that offer longer tool life and reduced environmental impact.
Furthermore, the increasing adoption of additive manufacturing (AM) in various industries is creating new opportunities for the use of super abrasives in post-processing operations. As AM technology advances, the need for high-precision grinding and finishing of 3D-printed components is expected to drive the demand for super abrasives. Hence, such trends are expected to drive market growth during the forecast period.
Super Abrasives Market Restraints:
The high cost of super abrasives is one of the key challenges hindering market growth. The production of super abrasives involves complex manufacturing processes and the use of expensive raw materials such as synthetic diamonds and CBN. As a result, the high cost of super abrasives can be a barrier to their adoption, particularly for small and medium-sized enterprises (SMEs) in cost-sensitive industries.
Additionally, the increasing complexity of manufacturing processes, such as the need for higher precision and tighter tolerances, can result in higher production costs. This, coupled with the growing competition from conventional abrasives, is expected to hinder market growth during the forecast period.
Super Abrasives Market by Application:
The automotive segment is estimated to witness significant growth during the forecast period. Super abrasives play a critical role in the manufacturing of automotive components, where they are used for precision grinding and cutting operations. The growing production of electric vehicles (EVs) and advancements in ICE technologies are driving the demand for high-performance materials that can withstand extreme conditions and deliver superior performance.
The automotive segment was the largest segment and was valued at USD 4,023.54 million in 2017. In addition to the automotive industry, super abrasives are also widely used in the electronics industry for the grinding and polishing of semiconductors and other electronic components. The increasing demand for consumer electronics, coupled with advancements in semiconductor technology, is expected to drive the growth of this segment during the forecast period.
Eternity Insights Special Offer (Limited Time Discount Available-Get Your Copy Now at a Reduced Price) @ https://www.eternityinsights.com/ask-for-discount/33297
Super Abrasives Market by Type:
The diamond segment is expected to dominate the market during the forecast period. Diamond super abrasives are known for their exceptional hardness and wear resistance, making them ideal for demanding grinding and cutting applications. They are widely used in industries such as automotive, electronics, aerospace, and medical for the precision machining of hard and brittle materials.
The rising demand for high-performance materials in various industries is driving the growth of the diamond segment. In addition to diamond, cubic boron nitride (CBN) is also a key segment in the super abrasives market. CBN super abrasives are known for their high thermal stability and are used in applications that require high-temperature performance, such as the grinding of hardened steel and other ferrous materials. Hence, such factors are expected to drive market growth during the forecast period.
Super Abrasives Market Regional Overview:
North America is estimated to contribute 38% to the growth of the global market during the forecast period. The presence of established automotive and aerospace industries in the region, coupled with the increasing demand for precision machining technologies, is driving the growth of the super abrasives market in North America.
For instance, in 2021, the U.S. aerospace industry witnessed a significant recovery following the COVID-19 pandemic, leading to increased investments in the production of aircraft engines and turbine components. Additionally, the growing adoption of electric vehicles (EVs) in the U.S. and Canada is driving the demand for super abrasives in the automotive industry.
The Asia-Pacific (APAC) region is also expected to witness significant growth during the forecast period, driven by the expansion of the automotive and electronics industries in countries such as China, Japan, and South Korea. The presence of major semiconductor manufacturers in the region is further contributing to the growth of the super abrasives market. Hence, such factors are expected to drive market growth in these regions during the forecast period.
Super Abrasives Market Companies:
The super abrasives market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
• Norton Abrasives
• Kennametal Inc.
• Tyrolit Group
• Asahi Diamond Industrial Co., Ltd.
• Henan Huanghe Whirlwind Co., Ltd.
• ILJIN Diamond Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• Hyperion Materials & Technologies
• Diacut, Inc.
• Advanced Abrasives Corporation
• Funik Ultrahard Material Co., Ltd.
• Carborundum Universal Ltd.
• Shinhan Diamond Industrial Co., Ltd.
• Ehwa Diamond Industrial Co., Ltd.
Explore the Full Report (Includes Detailed Description, Research Methodology, Table of Contents, and Infographics) @ https://www.eternityinsights.com/report/super-abrasives-market
Super Abrasives Market Segment Overview
The super abrasives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032)
• Automotive
• Electronics
• Aerospace
• Medical
• Metalworking
• Others
Type Outlook (USD Million, 2019 - 2032)
• Diamond
• Cubic Boron Nitride (CBN)
• Others
Geography Outlook (USD Million, 2019 - 2032)
• North America
o The U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Rest of Europe
• APAC
o China
o India
• South America
o Chile
o Argentina
o Brazil
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of the Middle East & Africa
Similar reports by eternity insights
Non-Woven Abrasives Market Analysis By Type (Hand Pads, Rolls, Discs, Belts, Wheels, Others), By Application (Automotive, Construction, Metalworking, Household, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/non-woven-abrasives-market
Diamond Tools Market Analysis By Type (Diamond Saw Blades, Diamond Grinding Wheels, Diamond Core Bits, Others), By Application (Stone Processing, Construction, Transportation, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/diamond-tools-market
Coated Abrasives Market Analysis By Type (Aluminum Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Others), By Application (Metalworking, Woodworking, Automotive, Aerospace, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/coated-abrasives-market
Urea Formaldehyde Resin Market Analysis By Type (Powder, Liquid, Granular), By Application (Wood Adhesives, Insulation Materials, Electrical Casting Resins, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/urea-formaldehyde-resin-market
Micro Powder Abrasives Market Analysis By Type (Diamond, Boron Carbide, Silicon Carbide, Alumina, Others), By Application (Precision Machining, Polishing, Lapping, Electronics, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/micro-powder-abrasives-market
Shot Blasting Abrasives Market Analysis By Type (Steel Shot, Steel Grit, Aluminum Shot, Glass Beads, Others), By Application (Surface Preparation, Cleaning, Peening, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/shot-blasting-abrasives-market
Industrial Abrasives Market Analysis By Type (Bonded, Coated, Super Abrasives), By Application (Automotive, Aerospace, Metal Fabrication, Electronics, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/industrial-abrasives-market
Rubber Bonded Abrasives Market Analysis By Type (Natural Rubber, Synthetic Rubber), By Application (Precision Grinding, Cutting, Polishing, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/rubber-bonded-abrasives-market
Metallic Abrasives Market Analysis By Type (Steel, Iron, Aluminum, Zinc, Others), By Application (Surface Preparation, Cleaning, Peening, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/metallic-abrasives-market
Alumina Zirconia Oxide Abrasives Market Analysis By Type (Grains, Powders, Others), By Application (Metalworking, Woodworking, Automotive, Aerospace, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/alumina-zirconia-oxide-abrasives-market
Global Abrasives Market Analysis By Type (Bonded, Coated, Super Abrasives, Others), By Application (Automotive, Metal Fabrication, Machinery, Electronics, Others), and By Region Forecast to 2032 - https://www.eternityinsights.com/report/global-abrasives-market
Contact Media
Eternity Insights
email: sales@eternityinsights.com
Website: www.eternityinsights.com
Visit us on social media:
LinkedIn: https://www.linkedin.com/company/eternityinsights/
Facebook: https://www.facebook.com/eternityinsight
X: https://twitter.com/Eternity_MI
About Us:
Eternity Insights offers tailormade end to end B2B business solutions to the companies located worldwide. The insights delivered by Eternity Insights supports the visions of industries seeking growth opportunities across multiple application areas such as Healthcare, Food and Beverages, ICT, Chemicals and Materials, Automobiles, among others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Super Abrasives Market Analysis and By Region Forecast to 2032 here
News-ID: 3622181 • Views: …
More Releases from Eternity Insights
Medical Tubing Market Size and Global Forecast to 2032 | Eternity Insights
The medical tubing market size is estimated at USD 8.52 billion in 2024, and is projected to grow to about USD 14.22 billion by 2032, with an approx. CAGR of 6.6% during the forecast period. This growth is driven by the increasing demand for medical devices equipped with effective tubing, advancements in material science, and the rising prevalence of chronic diseases.
The medical tubing market is experiencing significant growth due to…
Fleet Management Systems In Mining Market Size and Global Industry Analysis by 2 …
Report Summary:
The global Fleet Management Systems In Mining market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2034, witnessing a CAGR of % during the forecast period 2024-2034. North American market for Fleet Management Systems In Mining is estimated to increase from $ million in 2024 to reach $ million by 2034, at a CAGR of % during the forecast period of 2024…
Latest Insights - AI in Predictive Maintenance Market Growth Report, 2024 - 2032
AI in Predictive Maintenance Market Size and Report Analysis 2023-2032:
The AI in Predictive Maintenance Market size is estimated to grow at a CAGR of 35.8% between 2022 and 2032. The market size is forecast to increase by USD 7,550.89 million. The growth of the market is driven by several factors, including the rising demand for real-time asset monitoring, advancements in AI and machine learning, and increasing adoption across industries such…
More Releases for Abrasives
Synthetic Abrasives: Sharpening the Future of the Abrasives Market
The abrasives market is a cornerstone of numerous industries, from manufacturing and construction to automotive and aerospace. Driven by the need for precision, efficiency, and high-performance materials, the synthetic abrasives segment is experiencing significant growth and presents a wealth of opportunities.
Market Dynamics and Growth Drivers
As industries strive for higher levels of precision and efficiency, the demand for engineered abrasives is on the rise. Synthetic abrasives, created through controlled chemical processes,…
Optical Abrasives Market 2024 : Rising Trends & Impressive Growth over Forecaste …
Optical Abrasives Market Overview -
The "Optical Abrasives Market 2024 Report," the most recent study from QY Research, is a fundamental component of many international businesses, including manufacturing, construction, healthcare, and agriculture. This vast market includes a diverse range of items, such as metals, ceramics, composites, polymers, and specialized chemicals. The Optical Abrasives market is a major force behind innovation and sustainability activities, as well as facilitating technology breakthroughs and influencing…
Abrasives Market Capturing Opportunities: Exploring the Expanding Abrasives Mark …
Abrasives Market to Reach USD 66.71 Billion and Exhibiting a 7.13% CAGR by 2028: The Brainy Insights The global abrasives market is expected to grow from USD 38.87 billion in 2020 to USD 66.71 billion by 2028, at a CAGR of 7.13% during the forecast period 2021-2028. The Asia Pacific region accounted for the major market of 53.56% in the year 2020. The presence of many local and global key…
Coated Abrasives Market Size, Share | Global Industry Report 2022 - Saint-Gobain …
Saint-Gobain (France), 3M (US), Sia Abrasives AG (Switzerland), Napoleon Abrasives SPA (Italy), Sungold Abrasives (US), Schaffner Manufacturing Company Inc (US), United Abrasives Inc (US), Noritake Co. Limited (Japan), and Fandeli International Corporation (US) are some of the prominent players at the forefront of competition in the Global Coated Abrasives Market and are profiled in MRFR Analysis.
Coated Abrasives Market – Market Overview
Coated Abrasives are made from loose abrasive grains bonded to…
Coated Abrasives Market Size, Industry Outline and Leading Manufacturers - Saint …
Coated Abrasives Market- Competitive Landscape
The Global Coated Abrasives Market is demonstrating a prominent growth due to the increasing demand of Coated Abrasives in the metal working industry for metal finishing, grinding, and polishing applications. Saint-Gobain (France), 3M (US), Sia Abrasives AG (Switzerland), Napoleon Abrasives SPA (Italy), Sungold Abrasives (US), Noritake Co. Limited (Japan), among others are some of the leading players in this market. Most of these participants adopt various…
Coated Abrasives Market Size 2022 Analysis by Saint-Gobain Abrasives, Inc, Carbo …
Industry Updates:
In June 2018, Walter Surface Technologies, a specialist in surface treatment technologies, has introduced SURFOX 305. It is a patented electrochemical MIG and TIG weld cleaning system that uses coated abrasives for faster, safer and more user-friendly functioning.
Market Drivers and Restraints:
The increasing application of Coated Abrasive as surface treatment material for various purposes such as auto ancillaries, fabrication, furniture, general engineering, auto OEM, flooring and others is one of…
