China is the highest shareholder in the Asia Pacific Super Abrasives Market. Asia-Pacific region dominated the super abrasives market. The demand for super abrasives in industrial processes is expanding in the region as a result of the growing demand for electronics in nations like China, India and Japan
New Delhi, June 07, 2022 (GLOBE NEWSWIRE) -- The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the market for Global Super Abrasives Market from US$ 6,694.5 Million in 2021 to US$ 9,767.4 Million by 2027. The market is anticipated to grow at a CAGR of 6.5% during the forecast period 2022-2027.
Download Free Sample Report Now @ https://www.astuteanalytica.com/request-sample/super-abrasives-market
Super Abrasives are used for the most precision grinding. They are known for their extraordinary hardness, wheel life and exceptional performance. 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, 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. Super abrasives are becoming more widely used in a variety of industries, including automotive, medical (dental equipment), aerospace, cutting, non-ferrous metals, stone, ceramic materials, and oil and gas exploration. Construction activity has increased as a result of the rapid growth of urbanization and improved living standards.
Global Super Abrasives Market is majorly driven by factors such as conventional abrasives substituted by super abrasives and use of diamond in grinding wheels for precision and machining tools. Super abrasives have substituted conventional abrasives as they work at higher speed which adds to their long life. Grinding is required for finishing in traditional machining procedures as well as electrical discharge machining in some production processes. The use and demand for super abrasives such as diamond have increased the market for super abrasives globally. However, factors such as high-performance application and high initial cost is anticipated to negatively hamper the market growth. Also, growing concern about environmental protection, stringent regulations by government and lack of raw material availability inhibit the market growth of super abrasives market.
Key Takeaways from the Global Super Abrasives Market Report
In terms of product, the diamond segment is estimated to have the highest share in the global super abrasives market in 2021 owing to increasing demand for cutting and grinding tools as diamonds have chemical inertness, anti-adhesion, a low coefficient of friction, and better wear resistance. Vitrified diamond holds the highest share in the diamond segment in 2021.
Based on application, powertrain has the largest share in the super abrasives market in 2021. However, the tool grinding segment is estimated to project the highest CAGR during the forecast period. This is attributed to increasing demand of diamond discs for grinding and polishing powertrains in the automotive industry.
Electrical and electronics industry dominates the global super abrasives market in 2021 due to increasing demand for precision grinding technology to manufacture smaller, more complicated bits with precise tolerances that fits properly in machine components.
Asia Pacific dominates the global super abrasives market and is further expected to continue its dominance over the forecast period. This is due to the rise in demand for machinery and tools and rise in government initiatives to promote construction activities in the APAC region. Furthermore, the presence of leading vendors in the region is also enhancing the market growth.
In terms of market revenue, the US holds the major share in the North America super abrasive market during the forecast period because of the region's growing demand from the automotive and construction industries.
Western Europe has the fastest CAGR in the European super abrasives market with a CAGR of 6.9% during forecast period owing to rapid growth in the expansion of automotive and machine manufacturing units.
China is the highest shareholder in the Asia Pacific Super Abrasives Market. Asia-Pacific region dominated the super abrasives market. The demand for super abrasives in industrial processes is expanding in the region as a result of the growing demand for electronics in nations like China, India and Japan.
South Africa is growing at the fastest CAGR in the Middle East and Africa super abrasives market. South Africa is growing at a CAGR of 8.3% during the forecast period 2022-2027, the growth in this region is mainly attributed to increasing investments in non-oil business and rising number of infrastructure companies in the region.
Global Super Abrasives Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global market include 3M, Action SuperAbrasive, Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Diametal AG, Element Six (UK) Limited, Finzler, Schrock & Kimmel GmbH and Henan Huanghe Whirlwind Co., Ltd.
Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/request-sample/super-abrasives-market
Top Market Players
3M, Action SuperAbrasive, Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Diametal AG, Element Six (UK) Limited, Finzler, Schrock & Kimmel GmbH and Henan Huanghe Whirlwind Co., Ltd. among others.
By Product, By Application, By Industry, By Region
North America, Europe, Asia Pacific, South America, Middle East and Africa
Get your customized report as per your preference. Ask for customization
Global Super Abrasives Market is segmented based on product, application, industry and region. The industry trends in global marketplace are sub-divided into different categories in order to get a holistic view of the global super abrasives market.
Following are the different segments of the Global Super Abrasives Market:
By Product Segment of the Global Super Abrasives Market is Sub- Segmented into:
By Application Segment of the Global Super Abrasives Market is Sub- Segmented into:
By Industry Segment of the Global Super Abrasives Market is Sub- Segmented into:
Energy (O&G, Mining)
By Region Segment of the Global Super Abrasives Market is Sub- Segmented into:
Middle East & Africa (MEA)
To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/super-abrasives-market
About Astute Analytica Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
Contact us: Aamir Beg BSI Business Park, H-15,Sector-63, Noida- 201301- India Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) Email: sales@astuteanalytica.com Website: www.astuteanalytica.com Follow US: LinkedIn | Twitter
Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
Shares of Nvidia (NASDAQ: NVDA) plunged this week after the company's stock received a price target cut, some analysts had a few negative comments about the chip market, and investors worried that comments made from another chip company about slowing demand might mean bad news for Nvidia as well. Investors panicked a bit on all this news and sent the semiconductor stock falling 15.3% over the past week. Nvidia started off the week with Morgan Stanley warning that there could be a potential slowdown in demand for graphics processors as Ethereum, a leading blockchain and cryptocurrency, switches to a proof-of-stake model and away from its current proof-of-work setup.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
In this article, we take a look at the top 10 oil and gas stocks to invest in. If you want to skip our detailed analysis of the energy sector, go to Top 5 Oil and Gas Stocks to Invest In. The stock market has been going through a rough patch for quite some time […]
Endo International plc (NASDAQ: ENDP) announced today that a federal jury in Chicago, Illinois, has returned a verdict in favor of the Company's subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. (collectively Endo), in an antitrust trial.
The super investor still sees opportunities ahead.
(Bloomberg) -- The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAGene
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
Meta (META) could be bracing for a "tornado-like quarter," says Wedbush Managing Director Dan Ives.
Shares of Shopify (NYSE: SHOP) plummeted 18.2% this week on several bits of news. First, shares fell earlier in the week when revised GDP figures were released, showing that the economy was slowing down slightly more than expected. Additionally, a new report released yesterday, showing that inflation remains stubbornly high despite the Federal Reserve's efforts to bring it down, is likely weighing down on the stock this week.
Shares in this e-commerce company are now significantly cheaper (in price, not valuation). What does this mean for investors?
(Bloomberg) -- Zilingo Pte’s former Chief Executive Officer Ankiti Bose said she stepped down from her post as director due to lack of access to information.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Roe and ProtestsBose said the board failed t
In this article, we discuss 10 defensive stocks that Ken Fisher loves. If you want to skip our detailed analysis of Fisher’s investment philosophy, hedge fund returns, and history, go directly to Ken Fisher Loves These 5 Defensive Stocks. Born in 1950, Kenneth Lawrence Fisher is an American investor, author, and founder of one of […]
A stock split is a way for a publicly traded company to alter its share price and outstanding share count without affecting its market cap or operating performance. Enacting a forward stock split is a way companies can make their shares more nominally affordable for retail investors who might not have access to fractional-share investing. More importantly, stock splits are viewed as a positive sign by Wall Street and investors.
A bear market leaves the S&P 500 with its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
The e-commerce giant just completed an exciting stock split. But that's not the only reason to hop on board.
Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, the Oracle of Omaha, as he's come to be known, has created more than $610 billion in value for shareholders and delivered an aggregate return on his company's Class A shares (BRK.A) of 3,641,613%, through Dec. 31, 2021. As we push into the second half of what's been an exceptionally volatile and challenging year for investors, several Berkshire Hathaway holdings stand out as amazing values.
Canadian crypto broker Voyager Digital is suspending trading including deposits and withdrawals according to a statement released by the firm Friday afternoon.
With tech stocks like Nvidia out of favor, chemicals and oil stock dominate this list of growth stocks eyeing 109%-370% gains.