The global Superhard Materials market was valued at US$ 1207.6 million in 2019 and it is expected to reach US$ 1626.8 million by the end of 2026, growing at a CAGR of 4.3% during 2021-2026.
A superhard material is a material with a hardness value exceeding 40 gigapascals (GPa) when measured by the Vickers hardness test. They are highly incompressible solids with high electron density and high bond covalency. As a result of their unique properties, these materials are of great interest in many industrial areas including, but not limited to, abrasives, polishing and cutting tools and wear-resistant and protective coatings.
Diamond is the hardest known material to date, with a Vickers hardness in the range of 70–150 GPa. Diamond demonstrates both high thermal conductivity and electrically insulating properties and much attention has been put into finding practical applications of this material. However, diamond has several limitations for mass industrial application, including its high cost and oxidation at temperatures above 800 °C. In addition, diamond dissolves in iron and forms iron carbides at high temperatures and therefore is inefficient in cutting ferrous materials including steel. Therefore, recent research of superhard materials has been focusing on compounds which would be thermally and chemically more stable than pure diamond.
Superhard materials can be generally classified into two categories: intrinsic compounds and extrinsic compounds. The intrinsic group includes diamond, cubic boron nitride (c-BN), carbon nitrides and ternary compounds such as B-N-C, which possess an innate hardness. Conversely, extrinsic materials are those that have superhardness and other mechanical properties that are determined by their microstructure rather than composition. An example of extrinsic superhard material is nanocrystalline diamond known as aggregated diamond nanorods.
According to the report, Asia-Pacific accounts the biggest market share of the global total superhard materials market, both for production and consumption. In 2018, the production of superhard materials in China was about 15041.8 Million Ct, about 93.08% of total global output. However，high end products are still concentrated in Europe and North America area, due to the technology and R&D restrictions.
With the progress of technology, the price of superhard material may gradually decreased in the future. However, the overall gross margin of superhard material is still very high. With also relatively high technical threshold and growing need of high end products, many small manufacturers spread in China will be eliminated.
Global Superhard Materials Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Superhard Materials Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Element Six, Sandvik, Iljin Diamond, Zhongnan Diamond, Huanghe Whirlwind, Sino-Crystal Diamond, Jinqu Superhard, CR GEMS, Anhui HongJing, SF-Diamond, Yalong Superhard Materials, Saint-Gobain, Sumitomo Electric Industries, Tomei Diamond, Funik, Famous Diamond, Besco Superabrasives, Zhengzhou Zhong Peng and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Synthetic Diamond
- Cubic Boron Nitride
Segment by Application
- Stone and Construction
- Abrasives Category
- Composite Polycrystalline Tool
Table of Content:
1 Superhard Materials Market Overview
2 Superhard Materials Market Competition by Manufacturers
3 Superhard Materials Retrospective Market Scenario by Region
4 Global Superhard Materials Historic Market Analysis by Type
5 Global Superhard Materials Historic Market Analysis by Application
6 Key Companies Profiled
7 Superhard Materials Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Superhard Materials Market Dynamics
10 Global Superhard Materials Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta