September 6, 2019 14:00 ET | Source: Zion Market Research Zion Market Research
New York City, New York, September 6, 2019 (GLOBE NEWSWIRE) - Zion Market Research released a new report titled "By material (diamond, cubic boron nitride, etc.) and by end user (electrical and electronic, Automotive, Oil and Gas, Building and Construction, Aerospace and Defense, and Medical): Global Industry Outlook, Comprehensive Analysis and Forecast, 2018-2025". The report shows that the global superabrasives market was worth US$2.8 billion in 2018 and is expected to reach US$4.466 billion by 2025, with a compound annual growth rate of 6.9% from 2019 to 2025.
Superabrasive is a material with excellent abrasive properties with a long service life. Super abrasive materials are coated on various tools, such as grinding wheels, to improve their grinding productivity. They are popular because of their special characteristics, such as high scale hardness, deep-rooted life cycle and excellent performance. According to the needs of the operation, super abrasives can be used in various forms, such as powder, coarse particles, grit or coating on tools.
Browse the "2018 Global Super Abrasives Market Size and Share Report: By Type, Trend, Demand, Growth, Analysis, and Forecast to 2025" 71 tables and 24 data, distributed on 110 pages and in-depth TOC.
Request a free sample report of the global superabrasive market@ https://www.zionmarketresearch.com/sample/superabrasive-market
The key factor driving the development of the global superabrasives market is the increasing awareness of high-end technologies and their benefits. The automotive industry is the main end user of superabrasives, and the automotive industry is growing rapidly. The diversification of super abrasive applications has also stimulated the global super abrasive market. However, the excessive cost of these materials has led to high production costs in various end-user industries, as well as fluctuations in the price of superabrasive products due to fluctuations in raw material prices, which may limit the global superabrasive market.
The global superabrasive market is fragmented on the basis of materials and end users. According to the material, the market is divided into diamond, cubic boron nitride and others (wire mold and new crystal). In 2018, the diamond segment accounted for the largest share of approximately 70% of the global market. Diamond super-hard abrasives are further divided into polycrystalline diamond, net diamond and others (nano diamond and chemical vapor deposition diamond). Diamond is the hardest material known and has a wide range of applications, from cutting concrete and stone to abrasive coatings on grinding wheels and coatings on high abrasive tools. Cubic boron nitride also includes polycrystalline cubic boron nitride, net cubic boron nitride and chemical vapor deposited cubic boron nitride. Cubic boron nitride material is expected to show a higher compound annual growth rate because of its superior thermal stability compared to diamond. Cubic boron nitride is mainly used for grinding non-ferrous metals.
Request a PDF brochure of this report: https://www.zionmarketresearch.com/requestbrochure/superabrasive-market
On the basis of end users, the market includes automotive, oil and gas, construction and construction, aerospace and defense, electrical and electronics, and medical. The electrical and electronic industries account for the largest share of the superabrasive market. The precision parts of electronic equipment require careful and excellent finishing, and super abrasives can effectively provide this finishing. In addition, the use of electronic equipment in emerging economies and the Asia-Pacific region has grown exponentially, increasing the market share of the electronic equipment industry in the global super abrasives market. Due to the rapid growth of demand for automobiles in emerging economies, the automobile industry is expected to show the highest compound annual growth rate in the future.
The Asia-Pacific region accounts for the largest share of the global superabrasives market, exceeding 50%. This dominant market position can be attributed to the increasing number of construction and infrastructure activities in emerging economies in China and India, increasing consumer disposable income and purchasing power, and key end-user industries such as automobiles, construction, and construction. Electrical and electronics The industry accounted for the largest share of the regional market in 2018 because it requires careful and precise finishing of precision integral parts with the help of superhard materials. Super abrasive materials are used to crush stone and concrete used for construction activities. Automobiles in the region The exponential growth of industry has also triggered the growth of this market, as these materials are used for body operations, cam lobes and steering mechanisms installed on hollow engine shafts. China accounted for the main share of the Asia-Pacific market in 2018. Due to the increasing demand for manufacturing Pay attention, it is expected that India will see huge growth in the super abrasives market in the region during the forecast period.
Browse the complete “Super Abrasive Market: Global Industry Outlook, Comprehensive Analysis and forecast, 2018-2025" report https://www.zionmarketresearch.com/report/superabrasive-market
North America ranked second in the superabrasive market in 2018 and is expected to maintain its position during the forecast period. Strong construction activities, growing medical applications of superabrasives, and growing regional oil and gas production are expected to stimulate the superabrasives market in the future. The United States has a major share of the regional market and has recently received an investment from Element Six to produce synthetic diamonds that are used as super abrasives.
Since highly industrialized economies such as Germany, the United Kingdom, Spain, Russia and France will occupy a unique position in the regional market, Europe accounted for the third largest share of the global superabrasive market in 2018. Major market players such as Element Six, Action Super and Duratec are all headquartered in Europe.
Check for more information about this report before purchasing @ https://www.zionmarketresearch.com/inquiry/superabrasive-market
The market for superabrasives in Latin America, the Middle East and Africa is expected to show moderate growth. In addition, the major share of the regional market is controlled by the Gulf Cooperation Council countries and South Africa.
Some of the major players in the global superabrasives market are Element Six, Hyperion Materials & Technologies, Iljin Diamond, Showa Denko KK, Yellow River Cyclone, Saint-Gobain, and ZZDM Superabrasive.
Request a copy of customized report @ https://www.zionmarketresearch.com/custom/4664
The report breaks down the global superabrasives market into:
Global Super Abrasives Market: Material Analysis
Global Super Abrasives Market: End User Analysis
Global Super Abrasives Market: Regional Analysis
Zion Market Research is a company with obligations. We create futuristic, cutting-edge, and informative reports, ranging from industry reports, company reports to national reports. We not only provide our clients with publicly available market statistics published by private publishers and public organizations, but also fashion and the latest industry reports as well as profiles of outstanding and niche companies. Our market research report database contains various reports from major industries. Our database is constantly updated so that our customers can quickly and directly access our database online. Keeping the needs of our customers in mind, we have included expert insights on global industry, product and market trends in this database. Last but not least, we have the responsibility to ensure the success of the customers who have contact with us-after all-if you do a good job, a little bit of light will shine on us.
Follow us on LinkedIn: https://www.linkedin.com/company/zion-market-research Follow us on Twitter: https://twitter.com/zion_research
Visit our blog: http://zmrnewsnetwork.com
Joel John 244 Fifth Avenue, Suite N202 New York, 10001, United States Phone: 49-322 210 92714 US/Canada toll free 1-855-465-4651 Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com