Market Overview:
The global monocrystal superhard material market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for monocrystal superhard materials in various applications such as stone and construction, abrasives, composite polycrystalline tool, and others. Additionally, the growing demand for micron diamond and cubic boron nitride (CBN) is also propelling the growth of this market. However, factors such as high cost of production and limited supply are restraining the growth of this market. On the basis of type, micron diamond held a major share in 2017 and is expected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. This can be attributed to its superior properties compared with other types of monocrystal superhard materials. On the basis of application, stone and construction held a major share in 2017 owing to its wide usage across various applications such as flooring tiles, countertops & vanity tops etc.
Product Definition:
A monocrystal is a material that is composed of a single crystal. These materials are often superhard and have many applications in industry.
Micron Diamond:
Micron diamond is a type of extremely pure carbon with an exceptionally small particle size for industrial applications. It has the ability to scratch itself very easily on any surface hence it is used in various industries including automotive, electronics and medical industry. The global demand for micron diamond in monocrystal superhard material market was valued at USD 31.5 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2024.
Cubic Boron Nitride (CBN):
Cubic boron nitride (CBN) is a stable compound of Boron, Nitrogen and Carbon in cubic form. It has properties similar to Orthosilicate glass such as high thermal shock resistance, electrical insulating nature and ability to withstand high temperatures.
Application Insights:
Stone and construction was the largest application segment in 2017, accounting for a market share of more than 40%. Monocrystal superhard materials are widely used in the stone industry owing to their superior mechanical properties. These stones have high compressive strength and good abrasion resistance which makes them suitable for use as gravestones. In addition, they do not require any kind of maintenance or treatment which further drives their demand in this application segment.
Abrasives is another key application where monocrystals find significant usage as they possess excellent cutting edges that last longer compared to other abrasive products. They also offer higher surface hardness and greater durability when compared with conventional metal-based or ceramic-based products, thereby driving their demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global monocrystal superhard material market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for high-performance tools from various end-use industries, such as automotive, aerospace and defense. In addition, increasing investments in infrastructure development by China and India are likely to drive product demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2016 owing to growing product usage in applications such as composites, abrasives and construction industry due to increasing spending on infrastructural development across countries including Germany, Italy Russia among others is anticipated would boost market growth during the forecast period.
Growth Factors:
- Increasing demand for monocrystalline diamond in the semiconductor industry due to its superior thermal and electrical conductivity properties.
- Rising demand for monocrystalline diamond from the medical industry for use in surgical procedures and as a component of dental implants.
- Growing popularity of monocrystalline diamond as a super-hard material for use in manufacturing high-precision cutting tools and abrasives.
- Increasing investment by manufacturers in research and development activities to develop new applications for monocrystalline diamond products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Monocrystal Superhard Material Market Research Report
By Type
Micron Diamond, Cubic Boron Nitride (CBN), Other
By Application
Stone and Construction, Abrasives, Composite Polycrystalline Tool, Other
By Companies
Sandvik Group, Element Six, Sumitomo Electric Industries, ILJIN, Zhongnan Diamond, Henan Huanghe Whirlwind, SF Diamond, Zhengzhou Sino-Crystal Diamond, Funik Ultrahard Material
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Monocrystal Superhard Material Market Report Segments:
The global Monocrystal Superhard Material market is segmented on the basis of:
Types
Micron Diamond, Cubic Boron Nitride (CBN), Other
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
Stone and Construction, Abrasives, Composite Polycrystalline Tool, Other
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:
- Sandvik Group
- Element Six
- Sumitomo Electric Industries
- ILJIN
- Zhongnan Diamond
- Henan Huanghe Whirlwind
- SF Diamond
- Zhengzhou Sino-Crystal Diamond
- Funik Ultrahard Material
Highlights of The Monocrystal Superhard Material 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:
- Micron Diamond
- Cubic Boron Nitride (CBN)
- Other
- By Application:
- Stone and Construction
- Abrasives
- Composite Polycrystalline Tool
- Other
- 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 Monocrystal Superhard Material 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?
Monocrystal superhard material is a type of material that is extremely hard and brittle. It has a crystal structure that makes it very strong, but also makes it difficult to deform or break. This type of material is often used in military applications, where its extreme hardness and resistance to damage are desirable features.
Some of the major players in the monocrystal superhard material market are Sandvik Group, Element Six, Sumitomo Electric Industries, ILJIN, Zhongnan Diamond, Henan Huanghe Whirlwind, SF Diamond, Zhengzhou Sino-Crystal Diamond, Funik Ultrahard Material.
The monocrystal superhard material market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monocrystal Superhard Material 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 Monocrystal Superhard Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monocrystal Superhard Material 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 Monocrystal Superhard Material 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 Monocrystal Superhard Material Market Size & Forecast, 2020-2028
4.5.1 Monocrystal Superhard Material Market Size and Y-o-Y Growth
4.5.2 Monocrystal Superhard Material Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Micron Diamond
5.2.2 Cubic Boron Nitride (CBN)
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Stone and Construction
6.2.2 Abrasives
6.2.3 Composite Polycrystalline Tool
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monocrystal Superhard Material 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 Monocrystal Superhard Material 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Micron Diamond
9.6.2 Cubic Boron Nitride (CBN)
9.6.3 Other
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 Market Size Forecast by Applications
9.10.1 Stone and Construction
9.10.2 Abrasives
9.10.3 Composite Polycrystalline Tool
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Micron Diamond
10.6.2 Cubic Boron Nitride (CBN)
10.6.3 Other
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 Market Size Forecast by Applications
10.10.1 Stone and Construction
10.10.2 Abrasives
10.10.3 Composite Polycrystalline Tool
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Micron Diamond
11.6.2 Cubic Boron Nitride (CBN)
11.6.3 Other
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 Market Size Forecast by Applications
11.10.1 Stone and Construction
11.10.2 Abrasives
11.10.3 Composite Polycrystalline Tool
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Micron Diamond
12.6.2 Cubic Boron Nitride (CBN)
12.6.3 Other
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 Market Size Forecast by Applications
12.10.1 Stone and Construction
12.10.2 Abrasives
12.10.3 Composite Polycrystalline Tool
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Micron Diamond
13.6.2 Cubic Boron Nitride (CBN)
13.6.3 Other
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) Market Size Forecast by Applications
13.10.1 Stone and Construction
13.10.2 Abrasives
13.10.3 Composite Polycrystalline Tool
13.10.4 Other
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 Monocrystal Superhard Material Market: Competitive Dashboard
14.2 Global Monocrystal Superhard Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik Group
14.3.2 Element Six
14.3.3 Sumitomo Electric Industries
14.3.4 ILJIN
14.3.5 Zhongnan Diamond
14.3.6 Henan Huanghe Whirlwind
14.3.7 SF Diamond
14.3.8 Zhengzhou Sino-Crystal Diamond
14.3.9 Funik Ultrahard Material
