Market Overview:
The global PCBN cutting tool market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PCBN cutting tools from various end-use industries, such as general metal fabrication, construction, heavy metal fabrication, shipbuilding & offshore, automotive and others. In terms of type, the solid type segment is expected to hold a major share of the global PCBN cutting tool market during the forecast period. This can be attributed to its high wear resistance and toughness properties as compared with other types of PCBN cutting tools. In terms of application, general metal fabrication is projected to be one of the fastest-growing segments in terms of CAGR during the forecast period.
Product Definition:
PcBN cutting tools are used for machining hard materials such as ceramics, glass and composites. They are also used for machining difficult to machine materials such as titanium alloys and Inconel.
Solid Type:
Solid type is a conventional cutting tool that has been used in the manufacturing of printed circuit boards (PCB) for over two decades. The solid type market is expected to grow at an estimated CAGR of XX% from 2016 to 2024. Solid types are manufactured using steel or other metals and have replaceable blades, which makes them cost-effective as compared to their counterparts, i.e., liquid types with disposable blades.
Indexable Type:
Indexable type is a new term in the cutting tool industry. It was introduced to differentiate tools that can be indexed (rotated) for better chip evacuation and performance. Indexable cutting tools are different from non-indexable ones as they have an integral or detachable shank that allows them to be turned by hand or with a screw driver during use, thus creating more chips with less pressure and lower emissions of dust compared to non-indexable types.
Application Insights:
The general metal fabricationation application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing demand for steel from various industries, including construction, automotive and heavy machinery. PcBN is one of the strongest materials used in manufacturing tools and dies for cutting various metals such as aluminum & magnesium alloys, stainless steel and high strength low alloy (ssLA) which are used in building & construction industry.
The shipbuilding & offshore sector is anticipated to emerge as a lucrative market owing to growing offshore oil exploration activities particularly in Latin America Pacific region over the forecast period. Increasing government spending on new maritime infrastructure development projects coupled with rising disposable income levels especially in emerging economies such as China India Brazil will boost product demand over the next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as China, India, Japan, and South Korea. Factors responsible for the high demand include growing industrialization coupled with rising investments in infrastructure development.
The shipbuilding industry is one of the significant sectors contributing towards economic growth in Asia Pacific countries including China and Japan. The industry requires large amounts of steel plate cutting tools for various purposes including carpentry work on ships hulls as well as frames along with other heavy-duty metal fabrication jobs that are required during shipbuilding activities.
Growth Factors:
- Increasing demand for PcBN Cutting Tools from the automotive and aerospace industries due to the superior performance of these tools in terms of wear resistance and toughness.
- Growing popularity of PcBN Cutting Tools among small- and medium-sized enterprises (SMEs) due to the lower cost of ownership as compared to traditional cutting tools made from other materials such as tungsten carbide.
- Rising demand for PcBN Cutting Tools in applications that require high precision and accuracy, such as medical device manufacturing and semiconductor fabrication.
- increasing research & development spending by tool manufacturers to develop new products that can address specific needs of various industries segments. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
PcBN Cutting Tool Market Research Report
By Type
Solid Type, Indexable Type
By Application
General Metal Fabrication, Construction, Heavy Metal Fabrication, Shipbuilding & Offshore, Automotive, Others
By Companies
Mastertech Diamond, Sumitomo Electric Carbide Inc, Abrasives Cutting Tools, Ssangyong, NTK Cutting Tools, Toyoda Van Moppes Ltd, Henan More Super Hard Products, KYOCERA Asia Pacific, Sandvik Group, Tokyo Diamond Tools, Mastertech Diamond
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global PcBN Cutting Tool Market Report Segments:
The global PcBN Cutting Tool market is segmented on the basis of:
Types
Solid Type, Indexable Type
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
General Metal Fabrication, Construction, Heavy Metal Fabrication, Shipbuilding & Offshore, Automotive, 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:
- Mastertech Diamond
- Sumitomo Electric Carbide Inc
- Abrasives Cutting Tools
- Ssangyong
- NTK Cutting Tools
- Toyoda Van Moppes Ltd
- Henan More Super Hard Products
- KYOCERA Asia Pacific
- Sandvik Group
- Tokyo Diamond Tools
- Mastertech Diamond
Highlights of The PcBN Cutting Tool 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:
- Solid Type
- Indexable Type
- By Application:
- General Metal Fabrication
- Construction
- Heavy Metal Fabrication
- Shipbuilding & Offshore
- Automotive
- 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 PcBN Cutting Tool 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?
A pcBN cutting tool is a specialized instrument used to cut pieces of pcBN.
Some of the major companies in the pcbn cutting tool market are Mastertech Diamond, Sumitomo Electric Carbide Inc, Abrasives Cutting Tools, Ssangyong, NTK Cutting Tools, Toyoda Van Moppes Ltd, Henan More Super Hard Products, KYOCERA Asia Pacific, Sandvik Group, Tokyo Diamond Tools, Mastertech Diamond.
The pcbn cutting tool market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PcBN Cutting Tool 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 PcBN Cutting Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PcBN Cutting Tool 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 PcBN Cutting Tool 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 PcBN Cutting Tool Market Size & Forecast, 2020-2028
4.5.1 PcBN Cutting Tool Market Size and Y-o-Y Growth
4.5.2 PcBN Cutting Tool 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 Solid Type
5.2.2 Indexable Type
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 General Metal Fabrication
6.2.2 Construction
6.2.3 Heavy Metal Fabrication
6.2.4 Shipbuilding & Offshore
6.2.5 Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PcBN Cutting Tool 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 PcBN Cutting Tool 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 Solid Type
9.6.2 Indexable Type
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 General Metal Fabrication
9.10.2 Construction
9.10.3 Heavy Metal Fabrication
9.10.4 Shipbuilding & Offshore
9.10.5 Automotive
9.10.6 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 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 Solid Type
10.6.2 Indexable Type
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 General Metal Fabrication
10.10.2 Construction
10.10.3 Heavy Metal Fabrication
10.10.4 Shipbuilding & Offshore
10.10.5 Automotive
10.10.6 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 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 Solid Type
11.6.2 Indexable Type
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 General Metal Fabrication
11.10.2 Construction
11.10.3 Heavy Metal Fabrication
11.10.4 Shipbuilding & Offshore
11.10.5 Automotive
11.10.6 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 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 Solid Type
12.6.2 Indexable Type
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 General Metal Fabrication
12.10.2 Construction
12.10.3 Heavy Metal Fabrication
12.10.4 Shipbuilding & Offshore
12.10.5 Automotive
12.10.6 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) 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 Solid Type
13.6.2 Indexable Type
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 General Metal Fabrication
13.10.2 Construction
13.10.3 Heavy Metal Fabrication
13.10.4 Shipbuilding & Offshore
13.10.5 Automotive
13.10.6 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 PcBN Cutting Tool Market: Competitive Dashboard
14.2 Global PcBN Cutting Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mastertech Diamond
14.3.2 Sumitomo Electric Carbide Inc
14.3.3 Abrasives Cutting Tools
14.3.4 Ssangyong
14.3.5 NTK Cutting Tools
14.3.6 Toyoda Van Moppes Ltd
14.3.7 Henan More Super Hard Products
14.3.8 KYOCERA Asia Pacific
14.3.9 Sandvik Group
14.3.10 Tokyo Diamond Tools
14.3.11 Mastertech Diamond
