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 “Superhard Cutting Tool- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, 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.
- Global Superhard Cutting Tool MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Superhard Cutting Tool- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Superhard Cutting Tool Top23Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Superhard Cutting Tool- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
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.
About The Authors
| Chengping Zhang | A 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. | |
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Senior Analyst |
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| Email: zhangchengping@qyresearch.com |
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