The global superabrasives market wasvalued at US$ 2.4 Bn in 2017 and is anticipated to expand at a CAGR ofapproximately 6.0% during the forecast period, according to a new report titled‘Superabrasives Market: Global Industry Analysis, Size, Share, Growth, Trends,and Forecast, 2018–2026’ published by Transparency Market Research (TMR). Thereport infers that the use of superabrasive reduces lead time and providesbetter dynamics such as high surface sustainability to structures vis-à-visconventional superabrasives. This is expected to drive the superabrasivesmarket during the forecast period. Asia Pacific and Europe are leading regionsof the superabrasives market. The superabrasives market in Asia Pacific isprojected to expand at a significant pace during the forecast period, owing tothe rise in demand for passenger vehicles in the region.
Increase in Demand for Superabrasives in AutomotiveIndustry Likely to Boost Market Growth
Superabrasives play a vital role in the manufacture of grinding wheelsand tools. These help improve productivity and efficiency of grindingprocesses. The role of superabrasives materials is to enhance the grindingsystem by optimizing the grinding power for the manufacture of automotivecomponents. Purchasing power of people has increased due to the rise in percapita income. This is driving the global demand for vehicles. For instance,the global sales of vehicles increased by 3.07% in 2017. This propelled thedemand for superabrasives. The process of vehicle restoration has increasedowing to the increase in road accidents. This, in turn, is fueling the globalsuperabrasives market. Superabrasives are also used for better finishing ofsurfaces and addressing tough component requirements in the automotive sector,due to the increase in demand for electrical and fuel-efficient vehicles.Additionally, superabrasives are employed for the development and manufactureof high- performance vitrified diamond grinding wheels for brutingapplications. In transmission systems, superabrasives are used for thefinishing of gears in order to lower the sound of the gearbox.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24938
Cubic Boron Nitride Segment to Gain Momentum
The report presents a detailed segmentation of the global superabrasivesmarket based on material and end-user. In terms of material, the cubic boronnitride segment constituted major share of the global superabrasives market in2017. Cubic boron nitride materials are insoluble in nickel, iron, andequivalent alloys at higher temperatures, while diamond is soluble inthese metals. Cubic boron nitride materials are also used for machining variousmaterials such as high carbon and alloy steels; non-ferrous metals and alloys;and other non-metallic materials. Additionally, they provide higher thermalstability than diamond and are ideally used in grinding, polishing, lapping,and honing of ferrous materials. Polycrystalline cubic boron nitride, the otherform of cubic boron nitride, is most widely used with materials such as carbonsteel, cast iron, heat treated steel, sintered metal, and super alloys.
More Trending Reports
Automotive Segment to Dominate Market
In terms of end-use, the automotive segment is projected to account fordominant share of the global superabrasives market during the forecast period.The segment is likely to expand at a significant pace from 2018 to 2026.Superabrasives materials help enhance the grinding system by optimizing thegrinding power for the manufacture of automotive components. Demand forsuperabrasives products in the automotive industry is expected to rise due tothe high demand for precision grinding of surface, improved surface quality,and superior surface finishes.
Request Covid19 analysis on thismarket
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=24938
Asia Pacific to Lead the Global SuperabrasivesMarket
Asia Pacific and Europe were key regions of the superabrasives market in2017. The superabrasives market in Asia Pacific is anticipated to expandrapidly owing to cross-border investments and business expansion of companiesin high-growth areas such as India and Southeast Asia. Rise in population,rapid urbanization, and robust economic growth are major macroeconomic driversof the superabrasives market. Asia Pacific leads the global superabrasivesmarket, owing to the increase in demand for vehicles in the region. This can beascribed to the growth in per capita income and increase in purchasing power ofpeople in emerging economies in countries such as China and India.Superabrasives are extensively employed in finishing. They are used to coat thecutting edge of saws, which are used to cut cement in highway construction andrepair work.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=24938<ype=S
Prominent Players in Global Superabrasives Market
Major players operating in the global superabrasives market includeElement Six (UK) Limited, Henan Huanghe Whirlwind Co., Ltd., ILJIN DIAMOND CO.,LTD., Saint-Gobain S.A., SHOWA DENKO K.K., Hyperion Materials &Technologies, and Zhengzhou ZZDM SUPERABRASIVES CO., LTD. These players offersustainable and durable solutions to clients. Innovation of new products andtechniques through R&D is one of the approaches adopted by these companies.
AboutUs
TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Our exclusive blend of quantitativeforecasting and trends analysis provides forward-looking insight for thousandsof decision makers. Our experienced team of Analysts, Researchers, andConsultants, use proprietary data sources and various tools and techniques togather, and analyze information.
Our datarepository is continuously updated and revised by a team of research experts,so that it always reflects the latest trends and information. With a broadresearch and analysis capability, Transparency Market Research employs rigorousprimary and secondary research techniques in developing distinctive data setsand research material for business reports.
Contact
TransparencyMarket Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
