Superabrasives are materials that are attached to a tool for precision grinding. They display more hardness, better performance and longevity than the conventional abrasives. Industrial diamonds and cubic boron nitride are some of the most commonly used superabrasives. They are used in a wide range of industries such as aerospace, automotive, electronics among others.
MARKET DYNAMICS
Increasing demand for the electronics industry coupled with the expansion of the manufacturing activities have been a major driving factor for the growth of the market. Technological advancements have also increased the demand for precision tools in the manufacturing processes of components such as semiconductors and printed circuit boards. Similarly, innovations in the automotive industry and the shift towards electric vehicles are expected to further propel the demand for superabrasives within the forecast period. However, the high cost in comparison to conventional abrasives are a major restraining factor for the growth of the market.
MARKET SCOPE
The "Global Superabrasives Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the superabrasives market with detailed market segmentation by type and end-user. The global superabrasives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading superabrasives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global superabrasives market is segmented into type and end-user. By type, the superabrasives market is classified into diamond, cubic boron nitride and others. By end-user, the superabrasives market is classified into automotive, aerospace, electronics, oil and gas, medical, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global superabrasives market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The superabrasives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the superabrasives market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the superabrasives market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global superabrasives market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The superabrasives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the superabrasives market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the superabrasives market in these regions.
MARKET PLAYERS
The report covers vital developments in the superabrasives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the superabrasives market are anticipated to lucrative growth opportunities in the future with the rising demand for superabrasives in the global market. Below mentioned is the list of few companies engaged in the superabrasives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the superabrasives market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- 3M Company
- Saint-Gobain Abrasives Inc.
- Action SuperAbrasive
- Asahi Diamond Industrial Co., Ltd.
- Element Six (UK) Limited
- Hyperion Materials & Technologies
- Iljin Diamond
- Henan Huanghe Whirlwind Co.
- Showa Denko Group
- Gunter Effgen GmbH
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Superabrasive Market - By Type
1.3.2 Superabrasive Market - By End-User
1.3.3 Superabrasive Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUPERABRASIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SUPERABRASIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SUPERABRASIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. SUPERABRASIVE - GLOBAL MARKET OVERVIEW
6.2. SUPERABRASIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUPERABRASIVE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIAMOND
7.3.1. Overview
7.3.2. Diamond Market Forecast and Analysis
7.4. CUBIC BORON NITRIDE
7.4.1. Overview
7.4.2. Cubic Boron Nitride Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SUPERABRASIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AEROSPACE
8.4.1. Overview
8.4.2. Aerospace Market Forecast and Analysis
8.5. ELECTRONICS
8.5.1. Overview
8.5.2. Electronics Market Forecast and Analysis
8.6. OIL AND GAS
8.6.1. Overview
8.6.2. Oil and Gas Market Forecast and Analysis
8.7. MEDICAL
8.7.1. Overview
8.7.2. Medical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SUPERABRASIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Superabrasive Market Overview
9.1.2 North America Superabrasive Market Forecasts and Analysis
9.1.3 North America Superabrasive Market Forecasts and Analysis - By Type
9.1.4 North America Superabrasive Market Forecasts and Analysis - By End-User
9.1.5 North America Superabrasive Market Forecasts and Analysis - By Countries
9.1.5.1 United States Superabrasive Market
9.1.5.1.1 United States Superabrasive Market by Type
9.1.5.1.2 United States Superabrasive Market by End-User
9.1.5.2 Canada Superabrasive Market
9.1.5.2.1 Canada Superabrasive Market by Type
9.1.5.2.2 Canada Superabrasive Market by End-User
9.1.5.3 Mexico Superabrasive Market
9.1.5.3.1 Mexico Superabrasive Market by Type
9.1.5.3.2 Mexico Superabrasive Market by End-User
9.2. EUROPE
9.2.1 Europe Superabrasive Market Overview
9.2.2 Europe Superabrasive Market Forecasts and Analysis
9.2.3 Europe Superabrasive Market Forecasts and Analysis - By Type
9.2.4 Europe Superabrasive Market Forecasts and Analysis - By End-User
9.2.5 Europe Superabrasive Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Superabrasive Market
9.2.5.1.1 Germany Superabrasive Market by Type
9.2.5.1.2 Germany Superabrasive Market by End-User
9.2.5.2 France Superabrasive Market
9.2.5.2.1 France Superabrasive Market by Type
9.2.5.2.2 France Superabrasive Market by End-User
9.2.5.3 Italy Superabrasive Market
9.2.5.3.1 Italy Superabrasive Market by Type
9.2.5.3.2 Italy Superabrasive Market by End-User
9.2.5.4 United Kingdom Superabrasive Market
9.2.5.4.1 United Kingdom Superabrasive Market by Type
9.2.5.4.2 United Kingdom Superabrasive Market by End-User
9.2.5.5 Russia Superabrasive Market
9.2.5.5.1 Russia Superabrasive Market by Type
9.2.5.5.2 Russia Superabrasive Market by End-User
9.2.5.6 Rest of Europe Superabrasive Market
9.2.5.6.1 Rest of Europe Superabrasive Market by Type
9.2.5.6.2 Rest of Europe Superabrasive Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Superabrasive Market Overview
9.3.2 Asia-Pacific Superabrasive Market Forecasts and Analysis
9.3.3 Asia-Pacific Superabrasive Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Superabrasive Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Superabrasive Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Superabrasive Market
9.3.5.1.1 Australia Superabrasive Market by Type
9.3.5.1.2 Australia Superabrasive Market by End-User
9.3.5.2 China Superabrasive Market
9.3.5.2.1 China Superabrasive Market by Type
9.3.5.2.2 China Superabrasive Market by End-User
9.3.5.3 India Superabrasive Market
9.3.5.3.1 India Superabrasive Market by Type
9.3.5.3.2 India Superabrasive Market by End-User
9.3.5.4 Japan Superabrasive Market
9.3.5.4.1 Japan Superabrasive Market by Type
9.3.5.4.2 Japan Superabrasive Market by End-User
9.3.5.5 South Korea Superabrasive Market
9.3.5.5.1 South Korea Superabrasive Market by Type
9.3.5.5.2 South Korea Superabrasive Market by End-User
9.3.5.6 Rest of Asia-Pacific Superabrasive Market
9.3.5.6.1 Rest of Asia-Pacific Superabrasive Market by Type
9.3.5.6.2 Rest of Asia-Pacific Superabrasive Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Superabrasive Market Overview
9.4.2 Middle East and Africa Superabrasive Market Forecasts and Analysis
9.4.3 Middle East and Africa Superabrasive Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Superabrasive Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Superabrasive Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Superabrasive Market
9.4.5.1.1 South Africa Superabrasive Market by Type
9.4.5.1.2 South Africa Superabrasive Market by End-User
9.4.5.2 Saudi Arabia Superabrasive Market
9.4.5.2.1 Saudi Arabia Superabrasive Market by Type
9.4.5.2.2 Saudi Arabia Superabrasive Market by End-User
9.4.5.3 U.A.E Superabrasive Market
9.4.5.3.1 U.A.E Superabrasive Market by Type
9.4.5.3.2 U.A.E Superabrasive Market by End-User
9.4.5.4 Rest of Middle East and Africa Superabrasive Market
9.4.5.4.1 Rest of Middle East and Africa Superabrasive Market by Type
9.4.5.4.2 Rest of Middle East and Africa Superabrasive Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Superabrasive Market Overview
9.5.2 South and Central America Superabrasive Market Forecasts and Analysis
9.5.3 South and Central America Superabrasive Market Forecasts and Analysis - By Type
9.5.4 South and Central America Superabrasive Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Superabrasive Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Superabrasive Market
9.5.5.1.1 Brazil Superabrasive Market by Type
9.5.5.1.2 Brazil Superabrasive Market by End-User
9.5.5.2 Argentina Superabrasive Market
9.5.5.2.1 Argentina Superabrasive Market by Type
9.5.5.2.2 Argentina Superabrasive Market by End-User
9.5.5.3 Rest of South and Central America Superabrasive Market
9.5.5.3.1 Rest of South and Central America Superabrasive Market by Type
9.5.5.3.2 Rest of South and Central America Superabrasive Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SUPERABRASIVE MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SAINT-GOBAIN ABRASIVES INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ACTION SUPERABRASIVE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ASAHI DIAMOND INDUSTRIAL CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ELEMENT SIX (UK) LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HYPERION MATERIALS AND TECHNOLOGIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ILJIN DIAMOND
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HENAN HUANGHE WHIRLWIND CO.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHOWA DENKO GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GUNTER EFFGEN GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.3M Company
2.Saint-Gobain Abrasives Inc.
3.Action SuperAbrasive
4.Asahi Diamond Industrial Co., Ltd.
5.Element Six (UK) Limited
6.Hyperion Materials and Technologies
7.Iljin Diamond
8.Henan Huanghe Whirlwind Co.
9.Showa Denko Group
10.Gunter Effgen GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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