Super Abrasives Market

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Super Abrasives MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Super Abrasives MARKET 2020
Super Abrasives Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Global super abrasives market is estimated to
reach USD 14,681.1 million by the end of the year
2023 on account of increasing production and sale
of automotive across the globe. Moreover, the
extensive use of super abrasives in high-tech
electronic devices coupled with the changing
lifestyle has augmented the product demand.
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Super Abrasives MARKET 2020
Market Segmentation The super abrasives
market is segmented on the basis of product type,
application, and region. Based on the product
type, the market is segmented into vitrified
diamond, vitrified CBN, resin bond diamond, resin
bond CBN, metal/ hybrid bond CBN, metal/ hybrid
bond diamond, electroplated diamond,
electroplated CBN, rotary dressers, and
stationary dressers. The vitrified diamond by
product type accounted for 16.00 market share in
overall sales revenue in 2016. The demand for
vitrified diamond is increasing due to its
superior edge quality and thermal stability over
conventional abrasives. The global super
abrasives market is segregated on the basis of
its application as cutting tools, tool industry,
machinery, electronics/ smartphones, bearings,
powertrain, turbines, gear, medical, primary
metal, and others. Cutting tools segment was the
dominating segment with a share of 15.90 in 2016
and value of USD 1,505.9 million. The segment is
projected to grow at a CAGR of 6.97 during the
forecast period. Tool Industry was the
second-largest market by application in 2016 and
is projected to grow at a CAGR of 7.47 over the
forecast period. Enquiry of the Report
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Super Abrasives MARKET 2020
Regional Analysis
Regionally, super abrasives market is spanned
across five regions namely North America, Europe,
Asia Pacific, Latin America, and the Middle East
Africa. Asia Pacific dominated the global super
abrasives market in 2016 by accounting for more
than 57 share of the global super abrasives
market, in terms of value. This regional growth
is attributed to the high production and sales of
automotive in China, India, and Japan. The
reviving automotive sector in North America and
the manufacturing and trade of automotive parts
in Europe are likely to augment the market growth
over the review period. The other emerging
markets such as Latin America and the Middle East
Africa seems to observe a healthy market trend.
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om/reports/super-abrasives-market-5958
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Super Abrasives MARKET 2020
Application Major Players in this Research
Super Abrasives Market Prominent Players Market
Research Future (MRFR) recognizes the following
companies as the key players in the global super
abrasives market Saint Gobain (France), 3M
(U.S.), Carborundum Universal Limited (France),
Noritake (Japan), Meister Abrasives (U.S.), KREBA
RIEDEL (Germany), Tyrolit Schleifmittelwerke
Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD.
(Tokyo), SUPER ABRASIVES (India), Zhengzhou
Hongtuo Super Abrasive Products Co., Ltd (China),
VSM Abrasives Corporation (Germany), and others.
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chfuture.com/sample_request/5958
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