Global Super Hard Material Market Size, Trends & Analysis with COVID-19 Impact – Forecasts to 2026 By Type (Diamond, Cubic Boron Nitride, Others), By Application (Cutting Tools, Coatings, General Medicine, Sensors, Semiconductor Fabrication, Wear Parts, Polishing Stones, Subsystem Components, Construction, Abrasives Categories, Others), By Region (North America, Asia-Pacific, Middle East & Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Super Hard Material Market Insights
The super-hard material market is expected to rise in an upward fashion during the forecast period. The super-hard materials are classified into having a hardness level above 40 Gpa. Such materials have implied applications in the mining, space, and defense industry. The rapidly changing scientific space and growing importance for the material discovery field will also enhance the market for super hard materials. The nitride and carbide of the type segment are extensively implied and exploited in the drilling equipment and manufacturing. The introduction of new CVD diamond technology leads to the use of the super-hard materials for varied applications. The new technology has features to be exploited in submarines and satellites among others. Cubic Boron nitride too with the help of CVD technology can expand the application base in optical and as well electronics markets leading to high growth for super hard materials.
Super Hard Material Market: By Type
Based on the type, the market takes the diamond and cubic boron nitride into account. The diamond segment would have an upward rising trend in this market. Diamond finds applications in varied industries such as jewelry, to cut materials, in the cosmetic industry as a diamond powder to reduce wrinkles and also in audio equipment as well. The new CVD technology will also have a significant impact on the diamond segment growth. The cubic boron nitride will also grow upwards owing to its many industrial uses. Given their hardness and strength, they are profoundly used in cutting tools and abrasives applications.
Super Hard Material Market: By Application
As per the application, the market takes cutting tools, coatings, general medicine, sensors, and semiconductor fabrication among others into account. The cutting tools segment would have significant market growth. Diamonds and cubic boron nitride property of hardness make them attractive cutting tools and give the cutting tools a competitive edge. The coatings segment too would have excellent growth patterns in the market owing to improved corrosion resistance and excellent hardness of the super-hard materials.
Super Hard Material Market: By Region
Based on the region, the market considers Europe to lead the demand for super hard material. The presence of global leaders for diamond production, robust growth in mining industries, and other industrial applications will have a positive change on the market demand for super hard material.
Market Share and Competitive Analysis
Key players operating in the market include JARV Tools, U.K Abrasives, Sunnen Products Company, Crystal Field, Reade Advanced Materials, Micronpowder.com, LANDS Superabrasives.com, Worldwide Superabrasives, LLC, QS Rare Elements, LLC, ALTR Created Diamonds, Pure Grown Diamonds, Tiarus, SF Diamond Bosun Tools
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020 Skolkovo based scientists discovered new techniques to develop and predict the superhard materials.
Check the Press Release on Global Super Hard Material Market Report
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The Super Hard Material Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Super Hard Material Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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