The super abrasives market includes diamond and cubic boron nitride
Super abrasives are used in the consumer goods industry for polishing fiber-optic connectors and finishing semiconductors and electronic devices
Super abrasives are used extensively in the transportation industry for finishing and grinding.
Super abrasive cutting wheels use diamond and CBN technology to cut demanding materials such as carbide, high-speed steel, ceramics, and glass. Hardness, abrasion resistance, compressive strength, and 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 Market by Product and Geography - Forecast and Analysis 2022-2026
The super abrasives market share is expected to increase by USD 3.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.24%.
The rising demand from the electronics and transportation industries is notably driving the super abrasives market growth, although factors such as stringent government regulations may impede the market growth.
The rising demand from the electronics and transportation industries is one of the major drivers impacting the super abrasives market growth.
The demand for super abrasives such as cubic boron nitride from the electronics industry is rising because of their low cost and their ability to deliver superior finishes.
Super abrasives are used in the consumer goods industry for polishing fiber-optic connectors and finishing semiconductors and electronic devices. An increase in the sales of consumer durables, especially in developing regions such as APAC and Latin America, has contributed to the growth of the global super abrasives market.
Urbanization and increased spending power of consumers in emerging economies has led to the rapid growth of the global automobile industry in the last decade. Thus, the rising number of vehicle production will increase the demand for super abrasives from the automotive industry, which is anticipated to fuel the growth of the global super abrasives market during the forecast period.
The development of advanced machinery is one of the major trends influencing the super abrasives market growth.
Cutting tools are made from hard materials to enhance their performance and efficiency while retaining their original shape and sharp edges. For the same reason, grinding wheels were in great demand from the cutting tool industry.
Characteristics such as the superior finishing of super abrasives and their low cost have led to an increase in demand from end-users in the cutting tool industry.
Innovations in coated abrasive products for such applications and the development of advanced machinery that supports the use of super abrasives in cutting tool applications are expected to drive the demand for super abrasives, which will fuel the growth of the market in focus during the forecast period.
Stringent government regulations are one of the major challenges impeding the super abrasives market growth. Silicon carbide is known to pose health hazards to people. Prolonged exposure to it can cause chronic lung diseases and affect lung functions. Stringent regulations and the inclusion of silicon carbide on the list of hazardous substances are expected to hinder the growth of the global super abrasives market during the forecast period.
47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the super abrasives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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