Superhard Materials Market: Key Driving Factors of The Industry Demand

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Superhard Materials Market Growth, Application
Analysis from 2018 to 2025
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Global Market Scenario of Superhard Materials
Market

• Superhard Materials Market size will surpass USD
  6.5 billion by 2025 according to a new research
  report by Global Market Insights, Inc.
• Growing manufacturing sector is shifting towards
  hi-tech machineries and equipment which will
  augment superhard materials demand. The product
  offers high efficiency along with geometrical
  accuracy, and surface finishing quality of the
  machined pieces.
• In addition. the materials provide high cutting
  speeds and dynamic loads and also is applicable
  under intensive chemical and thermal interactions
  with workpiece materials.
• Europe manufacturing sector was valued at around
  USD 2.5 trillion in 2017 and will grow with
  substantial annual rate in next seven years down
  the line. Other sectors including building
  construction, automotive transportation will
  surge the product demand in next few years.
• Growing mining industry in developing economies
  is a profitable quotient for super-hard materials
  market. Chinas Twelfth five-year development
  plan will reportedly reach USD 327 billion by
  2020 with annual growth rate of more than 25

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• Moreover, in March 2018, Indian government
  allowed 100 foreign direct investment in coal
  mining and offer self-sufficiency in steel
  production by providing policies supporting
  supervision and encouraging capacity addition
  among private manufacturers. These initiatives
  will propel the superhard materials market in
  coming future.
• Superhard materials market is diversified on the
  basis of form, product, end-user and region.
  Based on the product, the market is segmented
  into cubic boron nitride (CBN), diamond, and
  others which include titanium alloys, titanium
  nitride, etc.
• In terms of revenue, CBN will account for more
  than USD 2.5 billion in 2025 growing at a
  considerable rate throughout the forecast time
  period. The product maintains its hardness over a
  wide temperature range and find application in
  making camshafts, fuel injectors, gears,
  crankshafts, compressor parts, etc.

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China Super-hard Materials Market Size, by
End-user, 2014 2025 (USD Million)
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360 Industry Analysis

• Based on end-user, superhard materials is
  diversified into automotive transportation,
  building construction, chemical
  petrochemical, drilling, mining quarrying,
  electrical electronics, and others which
  include medical, waste water treatment plant,
  optics, etc. Automotive and transportation will
  account for more than 30 of the global share in
  2025. These materials are used as abrasives,
  cutting tools, coating, wear parts polishing,
  etc. in automotive industry. According to OICA,
  world automobile sales was 94 million units in
  2016 and increased to 97 million units in 2017.
  Rising automotive transportation industry
  around the globe will propel the market in next
  few years.

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• Regional Analysis
• India will generate revenue over USD 300 million
  by end of the forecast spell due to positive
  growth in manufacturing industry. Government
  programs such as Make in India will propel the
  manufacturing industry in next few years, which
  will further augment the super-hard materials
  market demand. In addition, rising automobile
  production in India will have a positive impact
  on the product market. In 2017, automotive
  production in the country was around 5 million
  units with increase of 5.83 from previous year.
• Competitive Analysis
• Major players in the superhard materials market
  include Sandvik Element Six, Zhongnan Diamond,
  JINQU Superhard, Huanghe Whirlwind, Zhengzhou
  Zhong Peng, Yalong Superhard Materials, Anhui
  HongJing, and SF-Diamond.

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