Manufacturing Activity in Developing Countries Encourages Use of Superhard Materials in Machine Tools, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Superhard Materials markets. Global Superhard Materials market is projected to reach US$20.2 billion by 2018, driven by healthy economic, industrial and manufacturing activity in developing countries and the ensuing increased demand for highly efficient metal machining, boring, grinding, and nonmetal machining tools. R&D efforts and technology innovations that help increase the strength of “Superhard” Materials will also benefit the market in the longer-term.

Superhard Materials: A Global Strategic Business Report

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.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site:


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website