Super Abrasive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Super Abrasive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2021 | Chemical & Materials

Report Digest


Global Super Abrasive Market – Overview

Super abrasives have properties such as extraordinary hardness, durability, longevity, and unrivaled performance that results in superior surface finish on hard materials. Additionally, they offer longer shelf life and help to cut down the downtime of machines. It helps to balance out the initial high cost by lowering machining expenses. For instance, metal-bonded design wheels, developed for more rigorous wear resistance can lead to smaller cycle time and enhanced life, thus cutting down the machining expenses for the consumers. 

Global Super Abrasive Market – Notable Developments

Some of the key developments in the global super abrasive market are listed below:

  • In 2015, the Government of India announced a program called ‘Housing for All’. Under this program, the government encouraged and helped in building houses for its citizens. This activity is projected to boost the construction sector in India, and naturally help in driving the demand for the super abrasive market in the country as well.
  • In December 2017, a prominent leader in the global super abrasive market, Saint Gobain Abrasives, announced that the company has merged its two well-known brands Winter and Norton to create a new one by the names Norton Winter. Norton Winter is now one of the key technology leaders in the global super abrasive market. The merger is expected to cater to a wider range of audience.
  • In December 2017, Saint Gobain Abrasives announced the launch of its new Ultra Thin Grinding Wheel – Norton Quantum3 UT. This new product will provide better durability, comfort, and material removal.

Global Super Abrasive Market – Drivers and Restraints

The global super abrasive market is mainly driven by the increasing demand from the construction industry across the globe. Favorable regulatory conditions across countries such as the US, China, and India are encouraging the use of super abrasives and are thus contributing to the overall market growth. The growth of the super abrasive market is also driven by the increasing demand from the transportation sector. In addition to this, increasing preference to the use of diamond discs for polishing and grinding from the automotive sector to give more aesthetic look to the vehicles is also helping to drive the growth of the global super abrasive market.

Global Super Abrasive Market – Geographical Outlook

The global super abrasive market is geographically segmented into five key regions namely Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these key regions, the global market is primarily dominated by the Asia Pacific region. The region accounted for more than half of the overall market share in 2018 and is expected to continue its stellar contribution over the course of the given forecast period of 2018 to 2028. The growth of the market is mainly driven due to the presence of emerging economies such as India and China. India, in particular, is experiencing a huge demand for manufacturing precision tools that are necessary for the development of end-use verticals such as electronics, aerospace, bearing, and automotive among others. This increasing demand for precision tools is expected to drive the growth of the super abrasive market in the near future.

During the course of the given forecast period, other regions such as North America and Europe are also expected to witness a significant growth of the respective super abrasive markets. The North America market is mainly driven by the shift in the approach of the customers. They are looking at these products with a long-term view despite its initial high costs.

Global Super Abrasive Market Segmentation

  • Product Outlook
    • Diamond
    • Cubic boron nitride
  • Application Outlook
    • Construction
    • Transportation
    • Oil & gas
    • Electrical & electronics
    • Others

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?