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Super-Hard Materials Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Report ID: GMI1598

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Global Super-Hard Materials Market size is expected to grow at a moderate rate from 2017 to 2024 due to its use in various industrial appliances such as cutting tools, abrasives, grinding, wear-resistant coatings, and other protective coatings.
 

Materials with hardness exceeding 40 gigapascal are termed as super-hard materials. They can shape and scratch any object and so they are employed in many industrial operations such as turning, cutting, boring, drilling, grinding, etc. Super-hard materials market will be boosted by the product use in budding industries such as chemical processing and automotive. Global chemical sales in 2013 was around USD 5 trillion and has been increasing at almost double rate in the last decade. Automotive industry is also expected to grow at a favorable rate during this period. This will augment the super-hard materials market since the product is extensively used in this industry.
 

Growing population and increased industrial activities has increased the power demand in many regions of the world. This will positively influence the super-hard materials market in the coming years as the product is used in alternative energy production and power generation industries. More than 30% of global energy consumption is from oil and this trend is expected to continue in the coming years and will drive the market for these materials owing to its use in oil & gas industry. Booming mining industry worldwide is also expected to influence the super-hard materials market positively.
 

By product types, super-hard materials market is segmented as diamond, cubic boron nitride, and other materials such as carbon nitrides, metal borides, boron sub oxide, etc. Diamond is an extremely hard material with high thermal conductivity and electrical insulation. Due to wide property variations among natural diamonds, synthetic diamonds became popular and are widely used for many applications. Its market share is expected to increase at a steady rate during the forecast period. Cubic boron nitride has a significant share of the market and its insolubility in iron and other metal alloys make it more useful than diamond for industrial applications. Its mechanical and chemical robustness will likely drive the super-hard materials market for this product type.
 

Super-hard materials market is segmented according to product as monocrystalline, polycrystalline, and composite materials. Monocrystalline materials include diamond and cubic boron nitride and occupies a substantial share of the super-hard materials market. Composite materials include clad sheet for cutting tools, clad sheet for oil and gas, wire drawing and clad sheet die blanks used for mining. Market share for this segment is expected to increase at a steady rate due to growing end user industries that these materials are used in.
 

End user industries segmentation for super-hard materials market are transportation, alternative energy & power generation, infrastructure & construction, mining, oil & gas, chemical processing and other applications. The product is extensively used in the transportation sector in automobile production, aircraft manufacturing and marine applications. Growth in the automobile and aircraft industries will boost the market during the coming years. Growth in the infrastructure & construction industry, mostly in developing economies of Asia Pacific, will also boost the super-hard materials market.
 

Asia Pacific, North America, Europe, Middle East & Africa and Latin America are the five regions that the super-hard materials market has been segmented. Asia Pacific is a significant market for the product owing to growing chemical processing, automobile and construction industries in this region. North America and Europe super-hard materials market also has a substantial share and this is likely to increase owing to high growth in power generation, electronics and transportation industries. Latin America and Middle East & Africa market for the product will likely increase at a healthy rate due to improving economic condition of people in these regions are fuelling the growth of construction, automobile and chemical processing industries.
 

Key players in super-hard materials market are Zhengzhou Sino Crystal Diamond Company, Zhongnan Diamond Company, Henan Huanghe, SF Diamond Bosun Tools, Zhengzhou New Asia Superhard Material Composite Company, Henan Yalong Diamond Tools Company, KingDream Public, Sumitomo Electric Industries, Sandvik Group, Shenzhen Haimingrun Industrial Company, Advanced Technology & Materials Company, Monte Bianco Diamond Applications Company, King strong Material Engineering, CR Gems Diamond Company, Funik Ultrahard Material Company.
 


What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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