Enjoy complimentary customisation on priority with our Enterprise License!
The superhard materials market share is expected to increase by USD 990.59 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.78%.
This superhard materials 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 market segmentation by type (diamond, CBN, and others) and geography (APAC, Europe, North America, South America, and MEA). The superhard materials market report also offers information on several market vendors, including 3M Co., Abrasive Technology Inc., CoorsTek Inc., Curimbaba Group, De Beers Corp., Hyperion Materials and Technologies, Mudanjiang Jingangzuan Boron Carbide Co. Ltd., Sumitomo Electric Industries Ltd., Tomei Diamond Co. Ltd., and Zhengzhou Sino-Crystal Diamond Co. Ltd. among others.
Download the Free Report Sample to Unlock the Superhard Materials Market Size for the Forecast Period and Other Important Statistics
The increasing penetration of smart devices is notably driving the superhard materials market growth, although factors such as the easy availability of substitutes 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 superhard materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Superhard Materials Market Driver
One of the key factors driving growth in the superhard materials market share is the increasing penetration of smart devices. Superhard material coatings are used for manufacturing scratch-proof screens, glasses, and mirrors. These coatings also have microelectronics and semiconductor applications. Developing regions such as APAC, the Middle East, Africa, and South America are observing significant growth in the penetration of smart devices. Economic growth, increasing literacy rates, and rising purchasing power of people are boosting the demand for smartphones and other devices. The advances in cellular network technology such as 3G and 4G have also fueled the adoption of smart devices. Smartphone vendors are also largely focusing on these areas to increase their market share. Thus, the augmented sales of smart devices are expected to propel the demand for superhard material coatings.
Key Superhard Materials Market Challenge
The easy availability of substitutes will pose as a key challenge hindering the growth of the superhard materials market vendors. Superhard material coating tools have many substitutes including titanium nitride, chromium carbide, chromium nitride, aluminum titanium nitride, zirconium nitride, and aluminum-rich coating. The high performance of these alternative coatings is expected to hinder the growth of the market in the next few years.
This superhard materials 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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the superhard materials market encompasses successful business strategies deployed by the key vendors. The superhard materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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 superhard materials 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.
For more insights on the market share of various regions Request for a FREE sample now!
49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for superhard materials in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapid industrialization will facilitate the superhard materials 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.
To gain further insights on the market contribution of various segments Request for a FREE sample
The superhard materials market share growth by the diamond segment will be significant during the forecast period. The growth of this segment is mainly driven by the strong demand from the automotive, semiconductor, and building and construction industries. Diamond coatings are being adopted highly by integrated device manufacturers (IDMs) as they have a significant impact on high-power devices, primarily due to their electrical resistivity and heat dissipation capabilities. The rising industrialization in emerging economies such as India and China will intensify the use of diamond materials in various end-user industries, thereby supporting the growth of the market
This report provides an accurate prediction of the contribution of all the segments to the growth of the superhard materials market size and actionable market insights on post COVID-19 impact on each segment.
Superhard Materials Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.78% |
Market growth 2022-2026 |
$ 990.59 million |
Market structure |
Fragmented |
YoY growth (%) |
3.29 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 49% |
Key consumer countries |
China, US, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Abrasive Technology Inc., CoorsTek Inc., Curimbaba Group, De Beers Corp., Hyperion Materials and Technologies, Mudanjiang Jingangzuan Boron Carbide Co. Ltd., Sumitomo Electric Industries Ltd., Tomei Diamond Co. Ltd., and Zhengzhou Sino-Crystal Diamond Co. Ltd. |
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, 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.