Superhard Materials: A Global Strategic Business Report
San Jose, CA (PRWEB) October 08, 2012
Follow us on LinkedIn – Defined as materials with micro-hardness equivalent to or more than 40 GPa, superhard materials find extensive applications in diverse industries ranging from construction/building, chemical/environmental, automotive, machinery, electronic, aerospace/military, metal working, and medical, among others. In the manufacturing sector, these materials are used as machining materials in machine tools, while in the automotive, electronics and other industries it is used in the manufacture of diverse products/parts/components. Over the decades, use of superhard materials has become virtually ubiquitous and is actively used in countless applications.
Developing economies, on the road towards rapid industrialization, will continue to drive growth in the world market, especially in the machine tools sector. For instance, China is emerging into a major market for industrial diamonds encouraged by its low-cost export oriented manufacturing prowess. Technology innovations are also poised to benefit the market in the upcoming years. Growing demand for new abrasive products in manufacturing plants as a result of increased precision grinding needs in most end-user manufacturing sectors, is driving R&D investments in superhard materials. For instance, increased research focus is being shed on substitute materials to the traditional diamond such as, cubic boron nitride (CBN) and polycrystalline boron nitride (PCBN) for cutting, grinding, and machining applications.
The tool steel market is forecast to continue its recovery from the 2007-2009 recession and will largely benefit from the changes in modern automotive engineering and design currently underway in the automotive end-use sector. For instance, the move towards more complex lightweight yet heavy-duty auto designs creates a need for new tools, which translates into demand for tool steel in the form of cutting tools. Also driving change in automotive engineering is regulatory legislations such as emission norms and fuel efficiency, all of which will indirectly translate into increased demand for newer tools. Rising environmental awareness and the ensuing focus on common rail diesel injection systems, given their ability to reduce carbon dioxide emissions, will create demand for superhard materials like ceramics in the manufacture of glow plugs, and piezoelectric-stacks in diesel engines. Also, as the diesel engine technology continues to develop in the future, ceramics will find potential applications in components, such as, turbocharger valve train components, glow plugs, piston, cap cylinders, exhaust train insulation, liners, air bearings, high-temperature bearings, and low friction liquid, lubricant-free bearings, among others.
Defined as crystalline, inorganic compounds of metallic and non-metallic elements with specific heat-resistance and conducting properties, ceramics are poised to drive growth in the world market for superhard materials. Especially poised to gain are advanced ceramic materials. Advanced ceramics market has been witnessing growth in both traditional and new application areas. In traditional applications, growth comes from performance enhancement either through a supplementary role or through substitution of conventional materials, while in newer applications, advanced ceramics are assuming greater role of delivering specific performances not feasible earlier. As the new economy emerges from the current recession, factors such as, technology improvements, especially in the fracture properties of ceramics, and evolution of new high-temperature fibers based ceramic composites, will offer ample opportunities for growth. For instance, new-generation chemically bonded ceramics will gradually cannibalize plastics and metals in a wide gamut of end-use markets including construction applications such as in bridges, manufactured housing, and buildings. Chemically bonded ceramics will find extensive uses in advanced cement based construction products, such as, electrical fittings, wall panels, floors, roof tiles, cabinets and pipes.
As stated by the new market research report on Superhard Materials, North America represents the largest regional market worldwide. Among the product segments, Cemented Carbide, widely used as cutting tools in industrial machines corners the largest share of the market pie, while Cubic Boron Nitride (CBN/PCBN) emerges as the fastest growing product market.
Key players in market include Abrasive Technology Inc., CoorsTek, Inc., Ceradyne, Inc., ESK Ceramics GmbH & Co. KG, COI Ceramics Inc., Deutsche Edelstahlwerke GmbH, Diamant Boart S.A., Element Six, H.C. Starck GmbH, Kennametal Inc., Kyocera Industrial Ceramics Corp., Dennis Tool & Supply Co., Morgan Technical Ceramics, Mudanjiang Jingangzhuan Boron Carbide, Novatek Inc., Precorp Inc., Sandvik Tooling AB, Diamond Innovations Inc., Saint-Gobain S.A., Sumitomo Electric Hardmetal Corp., U.S.Electrofused Minerals Inc., US Synthetic Corp., and ZYP Coatings, Inc., among others.
The research report titled “Superhard Materials: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, production trends, product profile, market share data, new product introductions, recent industry activity, and profiles of market players worldwide. Market analytics are provided in terms of value (US$) for major geographic markets such as North America, Europe and Rest of World. Key product segments analyzed include Cemented Carbides, Tool Steels, Ceramics, Diamonds, and CBN/PCBN.
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