Global Super Hard Material market size was 1255.79 million USD in 2017
Monday, 15 Oct, 2018
The Global Super Hard Material market size was 1255.79 million USD in 2017 and it will be 1299.56 million USD in 2025, with a CAGR of 0.43% from 2017 to 2025.
According to the report, Asia-Pacific accounts the biggest market share of the global total Super Hard Materials market, both for production and consumption. The production of Super Hard Materials in China took over 85% of total global output. However，high end products are still concentrated in Europe, North America, Japan and Korea area, due to the technology and R&D restrictions.
There are many participants in this market, Element Six, Sandvik, ILJIN Diamond, Zhongnan Diamond, Huanghe Whirlwind and some others are leading the market. There are many more small players scattered around the world.
Superhard materials are widely used for Composite Polycrystalline Tool, Abrasives and Construction machineries. The downstream market is continuing to expand.
Superhard materials market is segmented into diamond, cubic boron nitride and others including boron carbon nitrides, metal borides, etc. Diamond generated a substantial revenue of nearly USD 998.95 million USD in 2017 and covers over 80% of the total market. It is majorly used for grinding, cutting, and machining materials including titanium alloys, cemented carbides, ceramics, quartz stone, asphalt, glass, etc. These are also used in wire drawing dies, dressers and drill bits.