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Superhard Cutting Tool, Global Market Size Forecast, Top 23 Players Rank and Market Share


Superhard cutting tools have emerged under the higher requirements for production efficiency and processing quality of modern engineering materials processing. Superhard tool materials are mainly diamond and cubic boron nitride. Their chemical composition and the law of hardness formation are different from other tool materials (tungsten carbide, high-speed steel, etc.). The crystal structure of cubic boron nitride (CBN) is Face-centered cubic, diamond is converted from carbon, and its crystal structure is similar to cubic boron nitride. Their hardness is much higher than other substances, and they also have the characteristics of high wear resistance and heat resistance, good thermal conductivity, processability and low friction coefficient. In actual use, synthetic diamond composite disc (PCD) tools and cubic boron nitride composite disc (PCBN) tools dominate.
According to the new market research report “Global Superhard Cutting Tool Market Report 2023-2029”, published by QYResearch, the global Superhard Cutting Tool market size is projected to reach USD 1.65 billion by 2029, at a CAGR of 6.3% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Superhard Cutting Tool include Sumitomo, Kennametal, Mitsubishi, Mapal, Sandvik, Beijing Worldia Diamond Tools, Iscar, Funik Ultrahard Material, Shanghai Nagoya Precision Tools, Ingersoll Cutting Tools, etc. In 2022, the global top 10 players had a share approximately 49.0% in terms of revenue. In terms of product type, PCD is the largest segment, hold a share of 62.2%, In terms of product application, Automobile Manufacturing is the largest segment, hold a share of 57.8%.

About The Authors
Chengping Zhang
An experienced Technology & Market Analyst. Deep experience in chemical industry, focus on electronic materials, engineering materials and mineral resources, etc. Fully engaged in the development of technology and market reports as well as custom projects.
Email: zhangchengping@qyresearch.com
Website: www.qyresearch.com Hot Line:4006068865
QYResearch focus on Market Survey and Research
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Asia: +86-10-8294-5717(CN) +852-30628839(HK)

About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com



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Last Update : Mar 27, 2024 9:58 PM
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