Super Abrasives Market at a CAGR of 7.53%

Reports And Markets Publish a New Market Research Report On –"Super Abrasives Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)"

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The Global Super Abrasive Market has been estimated at USD 3.43 billion in 2015 and is projected to reach USD 4.87 billion by 2020, at a CAGR of 7.53% during the forecast period from 2015 to 2020. The global super abrasives market is a growing one as super abrasives are steadily replacing normal ones as the production increases. Abrasives are used to smoothen the surface or achieve desired shape by removing the material on the job, typically steel.

Super Abrasives are steadily growing in application. They are employed in various industries like automotive, aerospace, medical, electronics, composites, oil industry and others. They are used when high quality finish is needed when working on hard materials.

They are typically used to make tools from high-speed steel. Aerospace and automotive form the major market segment with over 30% market share. The market is segmented into diamond, Cubic Boron Nitride (CBN), polycrystalline and others based on the type of super abrasives. Diamonds used as super abrasives are non-jewel type, industrial made and Nano diamonds.

The market is expected to be driven by the growing adaptation of CNC machines. CNC machines typically require less training and with the help of super abrasives, they can replace skilled human labor for intricate shapes and smooth finishes. Super abrasives offer very high speed machining and are cheaper than abrasives when per part cost is taken into account.

However, the high cost of super abrasives is a deterrent to the manufacturing sector. Manufacturers need CNC machines and high production quantities to justify the costs of super abrasives.

The market has also been geographically segmented into APAC, North America, Europe, South America and MEA. In terms of consumption in 2015, Europe led the market. It was followed by North America and APAC. APAC is expected to achieve high levels of growth due to soaring manufacturing sector and huge investment in this sector. This is chiefly due to the industrialization in developing countries of China and India. South America is also expected to grow at a significant rate because of the investments and growing automotive and oil and gas industries.

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Company profiles of the major Super Abrasive manufacturers been discussed in this study. These include 3M, A.S.I. Spa, ASI Diamond Industrial Europe, August Rüggeberg, Diamant Gesellschaft Tesch GMBH, Finzler, Schrock & Kimmel GmbH, G&L Beijer Industri AB, Heger GMBH Excellent Diamond Tools, Imerys Fused Minerals, Indasa, Klingspor, Mirka, Saint Gobain Abrasives, SIA Abrasives Ind AG, Zische Euro-Abrasiv, Schleifwerzeuge GmbH among others.

Key Deliverables in the Study

Market analysis for the Global Super Abrasive Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Super Abrasive market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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