Super Abrasives Market by Product and Geography - Forecast and Analysis 2022-2026

The super abrasives market share is expected to increase by USD 3.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.24%.

This super abrasives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers super abrasives market segmentation by product (diamond and cubic boron nitride) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The super abrasives market report also offers information on several market vendors, including 3M Co., Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DR. KAISER DIAMANTWERKZEUGE GmbH and Co. KG, Gunter Effgen GmbH, Heger GmbH Excellent Diamond Tools, Hyperion Materials and Technologies, Krebs and Riedel Schleifscheibenfabrik GmbH and Co. KG, KURE GRINDING WHEEL, Meister Abrasives AG, Mirka Ltd., NORITAKE Co. Ltd., Protech Diamond Tools Inc., Super Abrasives, TOYODA VAN MOPPES LTD., Tyrolit Schleifmittelwerke Swarovski KG, and VSM AG among others.

What will the Super Abrasives Market Size be During the Forecast Period?

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Super Abrasives Market: Key Drivers, Trends, and Challenges

The rising demand from the electronics and transportation industries is notably driving the super abrasives market growth, although factors such as stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the super abrasives industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Super Abrasives Market Driver

The rising demand from the electronics and transportation industries is one of the major drivers impacting the super abrasives market growth. The demand for super abrasives such as cubic boron nitride from the electronics industry is rising because of their low cost and their ability to deliver superior finishes. Super abrasives are used in the consumer goods industry for polishing fiber-optic connectors and finishing semiconductors and electronic devices. An increase in the sales of consumer durables, especially in developing regions such as APAC and Latin America, has contributed to the growth of the global super abrasives market. The transportation industry includes a broad range of sub-industries, including shipping trucking, airlines, parcel delivery, and railroads. Super abrasives are used extensively in the transportation industry for finishing and grinding. Urbanization and increased spending power of consumers in emerging economies has led to the rapid growth of the global automobile industry in the last decade. Thus, the rising number of vehicle production will increase the demand for super abrasives from the automotive industry, which is anticipated to fuel the growth of the global super abrasives market during the forecast period.

Key Super Abrasives Market Trend

The development of advanced machinery is one of the major trends influencing the super abrasives market growth. Cutting tools are made from hard materials to enhance their performance and efficiency while retaining their original shape and sharp edges. For the same reason, grinding wheels were in great demand from the cutting tool industry. However, characteristics such as the superior finishing of super abrasives and their low cost have led to an increase in demand from end-users in the cutting tool industry. Innovations in coated abrasive products for such applications and the development of advanced machinery that supports the use of super abrasives in cutting tool applications are expected to drive the demand for super abrasives, which will fuel the growth of the market in focus during the forecast period.

Key Super Abrasives Market Challenge

Stringent government regulations are one of the major challenges impeding the super abrasives market growth. Silicon carbide is known to pose health hazards to people. Prolonged exposure to it can cause chronic lung diseases and affect lung functions. Most countries in developed regions such as North America and Western Europe have imposed restrictions on the use of silicon carbide in super abrasives. The Occupational Safety and Health Administration (OSHA) in the US has regulated that airborne exposure to silicon carbide must be limited to 15 mg per cubic meter in its dust form and 5 mg per cubic meter in its inhalable form during an eight-hour work period. Similarly, the National Institute for Occupational Safety and Health (NIOSH) has regulated that silicon carbide exposure should be limited to 10 mg per cubic meter in its dust form and 5 mg per cubic meter in its inhalable form during an extended ten-hour work period. Such stringent regulations and the inclusion of silicon carbide on the list of hazardous substances are expected to hinder the growth of the global super abrasives market during the forecast period.

This super abrasives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global super abrasives market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the super abrasives market during the forecast period.

Who are the Major Super Abrasives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Asahi Diamond Industrial Co. Ltd.
• Carborundum Universal Ltd.
• Compagnie de Saint Gobain SA
• DR. KAISER DIAMANTWERKZEUGE GmbH and Co. KG
• Gunter Effgen GmbH
• Heger GmbH Excellent Diamond Tools
• Hyperion Materials and Technologies
• Krebs and Riedel Schleifscheibenfabrik GmbH and Co. KG
• KURE GRINDING WHEEL
• Meister Abrasives AG
• Mirka Ltd.
• NORITAKE Co. Ltd.
• Protech Diamond Tools Inc.
• Super Abrasives
• TOYODA VAN MOPPES LTD.
• Tyrolit Schleifmittelwerke Swarovski KG
• VSM AG

 

This statistical study of the super abrasives market encompasses successful business strategies deployed by the key vendors. The super abrasives market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.

Product Insights and News

• 3m.com - The company offers super abrasives products such as diamond and CBN super abrasives.
• 3m.com - The company offers industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The super abrasives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Super Abrasives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the super abrasives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Super Abrasives Market?

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47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the super abrasives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand for electronic products and the demand for super abrasives in manufacturing processes in the region will facilitate the super abrasives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively affected the growth of the super abrasives market in APAC during the first half of 2020. Industrial activities such as manufacturing, consumer goods, and construction were halted. This disrupted the supply chains for various industries and lowered their production capacity. This led to a considerable fall in demand for super abrasives in the region. However, the impact of COVID-19 is expected to be temporary as, by the end of 2021, most people living in developing nations in APAC are expected to get fully vaccinated. This will lead to a decline in the number of COVID-19 cases. Also, governments in the region have announced various initiatives to bring their respective economies back on the growth path. Hence, it is expected the regional super abrasives market will witness growth during the forecast period.

What are the Revenue-generating Product Segments in the Super Abrasives Market?

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The super abrasives market share growth in the diamonds segment will be significant during the forecast period. Super abrasive wheels use diamond and CBN technology to cut demanding materials such as carbide, high-speed steel, ceramics, and glass. Hardness, abrasion resistance, compressive strength, and thermal conductivity are all features designed to achieve a high level of precision and quality, making them a logical choice for a wide range of applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the super abrasives market size and actionable market insights on post COVID-19 impact on each segment.

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Super Abrasives Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.24%
Market growth 2022-2026	$ 3.13 billion
Market structure	Fragmented
YoY growth (%)	6.82
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 47%
Key consumer countries	US, China, Japan, South Korea, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DR. KAISER DIAMANTWERKZEUGE GmbH and Co. KG, Gunter Effgen GmbH, Heger GmbH Excellent Diamond Tools, Hyperion Materials and Technologies, Krebs and Riedel Schleifscheibenfabrik GmbH and Co. KG, KURE GRINDING WHEEL, Meister Abrasives AG, Mirka Ltd., NORITAKE Co. Ltd., Protech Diamond Tools Inc., Super Abrasives, TOYODA VAN MOPPES LTD., Tyrolit Schleifmittelwerke Swarovski KG, and VSM AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Super Abrasives Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive super abrasives market growth during the next five years
• Precise estimation of the super abrasives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the super abrasives industry across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of super abrasives market vendors

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