June 07, 2022 07:30 ET | Source: AstuteAnalytica India Pvt. Ltd. AstuteAnalytica India Pvt. Ltd.

New Delhi, June 07, 2022 (GLOBE NEWSWIRE) -- The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the market for Global Super Abrasives Market from US$ 6,694.5 Million in 2021 to US$ 9,767.4 Million by 2027. The market is anticipated to grow at a CAGR of 6.5% during the forecast period 2022-2027.

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Super Abrasives are used for the most precision grinding. They are known for their extraordinary hardness, wheel life and exceptional performance. Super Abrasive wheels use diamond and CBN technology to cut demanding materials such as carbide, high speed steel, ceramics, and glass. Hardness, abrasion resistance, compressive strength, thermal conductivity are all features designed to achieve a high level of precision and quality, making them a logical choice for a wide range of applications. Super abrasives are becoming more widely used in a variety of industries, including automotive, medical (dental equipment), aerospace, cutting, non-ferrous metals, stone, ceramic materials, and oil and gas exploration. Construction activity has increased as a result of the rapid growth of urbanization and improved living standards.

Global Super Abrasives Market is majorly driven by factors such as conventional abrasives substituted by super abrasives and use of diamond in grinding wheels for precision and machining tools. Super abrasives have substituted conventional abrasives as they work at higher speed which adds to their long life. Grinding is required for finishing in traditional machining procedures as well as electrical discharge machining in some production processes. The use and demand for super abrasives such as diamond have increased the market for super abrasives globally. However, factors such as high-performance application and high initial cost is anticipated to negatively hamper the market growth. Also, growing concern about environmental protection, stringent regulations by government and lack of raw material availability inhibit the market growth of super abrasives market.

Key Takeaways from the Global Super Abrasives Market Report

Global Super Abrasives Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global market include 3M, Action SuperAbrasive, Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Diametal AG, Element Six (UK) Limited, Finzler, Schrock & Kimmel GmbH and Henan Huanghe Whirlwind Co., Ltd.

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Global Super Abrasives Market is segmented based on product, application, industry and region. The industry trends in global marketplace are sub-divided into different categories in order to get a holistic view of the global super abrasives market.

Following are the different segments of the Global Super Abrasives Market:

By Product Segment of the Global Super Abrasives Market is Sub- Segmented into:

By Application Segment of the Global Super Abrasives Market is Sub- Segmented into:

By Industry Segment of the Global Super Abrasives Market is Sub- Segmented into:

By Region Segment of the Global Super Abrasives Market is Sub- Segmented into:

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/super-abrasives-market

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