Market Overview:
The global diamond coated cutting tools market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for diamond-coated cutting tools from various end-use industries, such as automotive, machinery, aerospace, and electronics and semiconductors. In terms of type, the CVD diamond-coated segment is expected to hold a major share of the global market during the forecast period. This can be attributed to its superior properties compared with other types of coatings available in the market.
Product Definition:
Diamond coated cutting tools are those that have a coating of diamond on their cutting surface. This coating helps to improve the tool's wear resistance and increase its life. It is also helpful in reducing the heat generated by the tool during operation, which can cause damage to the workpiece.
CVD Diamond-coated:
CVD diamond-coated is a new technology that has been developed to provide extreme wear resistance and high cutting performance at an economical cost. The product offers several advantages over conventional materials such as carbon steel or aluminum, which are expected to drive its demand in the industry.
No, it's not the same thing at all.
PVD Diamond-coated:
PVD diamond-coated cutting tools are manufactured with a non-stick coating that helps in reducing the coefficient of friction, which is an important factor for industrial applications. Diamond coated PVD tooling has been used to produce high quality and durable cutting instruments that provide improved performance over conventional materials such as cast iron and steel.
Application Insights:
The automotive industry accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to increasing demand for high-performance tools with low maintenance cost and high durability. Diamond-coated tools are used in various applications including engine components, body panels, interior trim pieces and fasteners, electronic equipment cases and modules, power trains/transmissions components as well as lighting systems.
PVD diamond coating is predominantly used in aerospace & defense industry owing to its ability to provide extreme hardness while maintaining a relatively thin layer structure that reduces weight significantly when compared with conventional tool steel or carbide counterparts. Moreover, it provides superior resistance against abrasion & corrosion which further enhances its utilization rate on a global scale.
Regional Analysis:
Asia Pacific dominated the global diamond coated cutting tools industry with a revenue share of over 38% in 2017. The region is expected to witness significant growth in terms of demand for industrial machinery and electronics due to increasing foreign investments coupled with rising manufacturing activities. Furthermore, the availability of cheap labor and easy access to land are some major factors driving regional market growth.
The automotive industry is also one of the prominent sectors contributing towards economic development across Asia Pacific countries such as India, China, Japan, Indonesia among others which has led to an increase in vehicle production and sales over the past few years. This factor is anticipated to have a positive impact on product demand during forecast period from 2018 to 2030 (as shown in Table 1).
North America was another key contributor followed by Europe owing its large-scale adoption by several end-users including aerospace & defense sector along with other applications such as electronics & semiconductors (ICs) and machinery industries ( turbines).
Growth Factors:
- Increasing demand for diamond coated cutting tools in the automotive and aerospace industries due to their superior performance and longer life as compared to other cutting tools.
- Rising demand from the construction and mining sectors due to the increasing use of diamond coated cutting tools in these industries for applications such as drilling, sawing, and machining.
- Growing popularity of laser-based systems that use diamond-coated blades for precision cutting tasks in a wide range of industrial applications.
- Technological advancements that have led to the development of new types of diamond-coated cutting tools with enhanced performance characteristics over traditional ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diamond Coated Cutting Tools Market Research Report
By Type
CVD Diamond-coated, PVD Diamond-coated
By Application
Automotive Industry, Machinery Industry, Aerospace Industry, Electronics and Semiconductors, Others
By Companies
Kyocera, Oerlikon (D-Coat), Nachi, Kennametal, Sandvik Group, Mapal, Ceratizit, Sumitomo Electric, Mitsubishi Materials, Union Tool, Kyocera, CVD Diamond Corporation, Shanghai Nagoya Precision Tools, Weihai Weiying
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Diamond Coated Cutting Tools Market Report Segments:
The global Diamond Coated Cutting Tools market is segmented on the basis of:
Types
CVD Diamond-coated, PVD Diamond-coated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Industry, Machinery Industry, Aerospace Industry, Electronics and Semiconductors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kyocera
- Oerlikon (D-Coat)
- Nachi
- Kennametal
- Sandvik Group
- Mapal
- Ceratizit
- Sumitomo Electric
- Mitsubishi Materials
- Union Tool
- Kyocera
- CVD Diamond Corporation
- Shanghai Nagoya Precision Tools
- Weihai Weiying
Highlights of The Diamond Coated Cutting Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CVD Diamond-coated
- PVD Diamond-coated
- By Application:
- Automotive Industry
- Machinery Industry
- Aerospace Industry
- Electronics and Semiconductors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diamond Coated Cutting Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Diamond coated cutting tools are those that have been treated with a diamond coating to increase the tool's wear resistance and sharpness.
Some of the key players operating in the diamond coated cutting tools market are Kyocera, Oerlikon (D-Coat), Nachi, Kennametal, Sandvik Group, Mapal, Ceratizit, Sumitomo Electric, Mitsubishi Materials, Union Tool, Kyocera, CVD Diamond Corporation, Shanghai Nagoya Precision Tools, Weihai Weiying.
The diamond coated cutting tools market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diamond Coated Cutting Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Diamond Coated Cutting Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diamond Coated Cutting Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Diamond Coated Cutting Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Diamond Coated Cutting Tools Market Size & Forecast, 2018-2028
4.5.1 Diamond Coated Cutting Tools Market Size and Y-o-Y Growth
4.5.2 Diamond Coated Cutting Tools Market Absolute $ Opportunity
Chapter 5 Global Diamond Coated Cutting Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Diamond Coated Cutting Tools Market Size Forecast by Type
5.2.1 CVD Diamond-coated
5.2.2 PVD Diamond-coated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Diamond Coated Cutting Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Diamond Coated Cutting Tools Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Machinery Industry
6.2.3 Aerospace Industry
6.2.4 Electronics and Semiconductors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diamond Coated Cutting Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Diamond Coated Cutting Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Diamond Coated Cutting Tools Analysis and Forecast
9.1 Introduction
9.2 North America Diamond Coated Cutting Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Diamond Coated Cutting Tools Market Size Forecast by Type
9.6.1 CVD Diamond-coated
9.6.2 PVD Diamond-coated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Diamond Coated Cutting Tools Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Machinery Industry
9.10.3 Aerospace Industry
9.10.4 Electronics and Semiconductors
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Diamond Coated Cutting Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Diamond Coated Cutting Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Diamond Coated Cutting Tools Market Size Forecast by Type
10.6.1 CVD Diamond-coated
10.6.2 PVD Diamond-coated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Diamond Coated Cutting Tools Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Machinery Industry
10.10.3 Aerospace Industry
10.10.4 Electronics and Semiconductors
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Diamond Coated Cutting Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Diamond Coated Cutting Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Diamond Coated Cutting Tools Market Size Forecast by Type
11.6.1 CVD Diamond-coated
11.6.2 PVD Diamond-coated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Diamond Coated Cutting Tools Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Machinery Industry
11.10.3 Aerospace Industry
11.10.4 Electronics and Semiconductors
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Diamond Coated Cutting Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Diamond Coated Cutting Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Diamond Coated Cutting Tools Market Size Forecast by Type
12.6.1 CVD Diamond-coated
12.6.2 PVD Diamond-coated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Diamond Coated Cutting Tools Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Machinery Industry
12.10.3 Aerospace Industry
12.10.4 Electronics and Semiconductors
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Diamond Coated Cutting Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Diamond Coated Cutting Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Diamond Coated Cutting Tools Market Size Forecast by Type
13.6.1 CVD Diamond-coated
13.6.2 PVD Diamond-coated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Diamond Coated Cutting Tools Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Machinery Industry
13.10.3 Aerospace Industry
13.10.4 Electronics and Semiconductors
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Diamond Coated Cutting Tools Market: Competitive Dashboard
14.2 Global Diamond Coated Cutting Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kyocera
14.3.2 Oerlikon (D-Coat)
14.3.3 Nachi
14.3.4 Kennametal
14.3.5 Sandvik Group
14.3.6 Mapal
14.3.7 Ceratizit
14.3.8 Sumitomo Electric
14.3.9 Mitsubishi Materials
14.3.10 Union Tool
14.3.11 Kyocera
14.3.12 CVD Diamond Corporation
14.3.13 Shanghai Nagoya Precision Tools
14.3.14 Weihai Weiying
