Market Overview:
The global polycrystalline diamond tool 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 polycrystalline diamond tools from various end-use industries, such as automotive, machinery, aerospace and electronics and semiconductors. Polycrystalline diamond tools are used in various applications owing to their superior properties such as high hardness, wear resistance and thermal stability. These factors are driving the demand for PCD tools across different regions. In terms of type, the PCD milling tools segment is expected to lead the global polycrystalline diamond tool market during the forecast period due to its growing demand from automotive and machining industries.
Product Definition:
A polycrystalline diamond tool is a cutting tool made of many small diamonds bonded together. Polycrystalline diamond tools are used for machining hard materials such as metals and ceramics.
PCD Milling Tools:
Polycrystalline Diamond (PCD) milling tools are used to create and remove unwanted material from a workpiece during the machining process. Polycrystalline diamond is a special type of industrial-grade high-pressure polymorphic crystal, which has many useful properties for cutting or drilling processes. It can be utilized as an alternative to carbide tipped cutting tools in applications where high speed and efficiency is required.
PCD Turning Tools:
Polycrystalline Diamond (PCD) turning tools are used to manufacture high-quality polycrystalline diamond tools. Polycrystalline diamond is a type of industrial cutting tool that consists of very fine crystals, which are grown on a metal or carbon base material. These crystals have several superior properties such as high hardness and strength, low thermal expansion coefficient, low density and specific weight along with excellent wear resistance at the expense of reduced life span and higher maintenance costs.
Application Insights:
The automotive industry accounted for the largest share of over 30.0% in terms of revenue in 2017. The growing demand for lightweight and high-performance materials has led to an increased use of polycrystalline diamond tools in the manufacturing process of automobile components, such as engine, transmission components, and brake systems.
Polycrystalline diamond is used to manufacture special purpose tools that are required to finish machined parts with smooth surfaces and sharp edges using less force while reducing machine wear & tear. These types of PCD tools are used across all major industries including aerospace & defense, electronics & semiconductors, machinery industry etc., which is expected to fuel product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to maintain its position over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as automotive, electronics, machinery, and others. China is one of the largest markets for polycrystalline diamond tools owing to low manufacturing cost coupled with easy availability of raw materials.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rapid development in various sectors including oil & gas, construction, aerospace etc., especially in countries such as Saudi Arabia and UAE. In addition, rising investments by major multinational companies are anticipated to propel industry expansion over next eight years.
Growth Factors:
- Increasing demand for polycrystalline diamond tools in the automotive and aerospace industries due to their superior performance over other tooling materials.
- Rising adoption of polycrystalline diamond tools in the metalworking industry for applications such as cutting, drilling, and milling.
- Growing demand for polycrystalline diamond tools from the construction and mining sectors owing to their ability to withstand high temperatures and extreme conditions.
- Increasing use of polycrystalline diamond tools in medical applications such as surgery, dentistry, and ophthalmology due to their precision and accuracy.
- Technological advancements that have led to the development of new types of polycrystalline diamond tools with enhanced performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Polycrystalline Diamond Tool Market Research Report
By Type
PCD Milling Tools, PCD Turning Tools, PCD Holemaking Tools, PCD Inserts, Others
By Application
Automotive Industry, Machinery Industry, Aerospace Industry, Electronics and Semiconductors, Others
By Companies
Kennametal, Sandvik Group, Mapal, Preziss Tool, Wirutex, Ceratizit, Sumitomo Electric, Kyocera, Mitsubishi Materials, Union Tool, Kennametal, Shinhan Diamond, EHWA, Halcyon Technology, TOP TECH Diamond Tools, Telcon Diamond, Beijing Worldia Diamond Tools, Shanghai Nagoya Precision Tools, Zhengzhou Diamond Precision Manufacturing, Shenzhen Junt, 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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Polycrystalline Diamond Tool Market Report Segments:
The global Polycrystalline Diamond Tool market is segmented on the basis of:
Types
PCD Milling Tools, PCD Turning Tools, PCD Holemaking Tools, PCD Inserts, Others
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:
- Kennametal
- Sandvik Group
- Mapal
- Preziss Tool
- Wirutex
- Ceratizit
- Sumitomo Electric
- Kyocera
- Mitsubishi Materials
- Union Tool
- Kennametal
- Shinhan Diamond
- EHWA
- Halcyon Technology
- TOP TECH Diamond Tools
- Telcon Diamond
- Beijing Worldia Diamond Tools
- Shanghai Nagoya Precision Tools
- Zhengzhou Diamond Precision Manufacturing
- Shenzhen Junt
- Weihai Weiying
Highlights of The Polycrystalline Diamond 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:
- PCD Milling Tools
- PCD Turning Tools
- PCD Holemaking Tools
- PCD Inserts
- Others
- 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 Polycrystalline Diamond 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
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- 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 polycrystalline diamond tool is a type of diamond tool that is made up of many small diamonds. This type of tool is often used to cut and polish materials like glass, metal, and stone.
Some of the major companies in the polycrystalline diamond tool market are Kennametal, Sandvik Group, Mapal, Preziss Tool, Wirutex, Ceratizit, Sumitomo Electric, Kyocera, Mitsubishi Materials, Union Tool, Kennametal, Shinhan Diamond, EHWA, Halcyon Technology, TOP TECH Diamond Tools, Telcon Diamond, Beijing Worldia Diamond Tools, Shanghai Nagoya Precision Tools, Zhengzhou Diamond Precision Manufacturing, Shenzhen Junt, Weihai Weiying.
The polycrystalline diamond tool 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 Polycrystalline Diamond 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 Polycrystalline Diamond Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polycrystalline Diamond 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 Polycrystalline Diamond 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 Polycrystalline Diamond Tool Market Size & Forecast, 2018-2028
4.5.1 Polycrystalline Diamond Tool Market Size and Y-o-Y Growth
4.5.2 Polycrystalline Diamond Tool Market Absolute $ Opportunity
Chapter 5 Global Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market Size Forecast by Type
5.2.1 PCD Milling Tools
5.2.2 PCD Turning Tools
5.2.3 PCD Holemaking Tools
5.2.4 PCD Inserts
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool 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 Polycrystalline Diamond 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 Polycrystalline Diamond 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 Polycrystalline Diamond Tool Analysis and Forecast
9.1 Introduction
9.2 North America Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market Size Forecast by Type
9.6.1 PCD Milling Tools
9.6.2 PCD Turning Tools
9.6.3 PCD Holemaking Tools
9.6.4 PCD Inserts
9.6.5 Others
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 Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Analysis and Forecast
10.1 Introduction
10.2 Europe Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market Size Forecast by Type
10.6.1 PCD Milling Tools
10.6.2 PCD Turning Tools
10.6.3 PCD Holemaking Tools
10.6.4 PCD Inserts
10.6.5 Others
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 Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market Size Forecast by Type
11.6.1 PCD Milling Tools
11.6.2 PCD Turning Tools
11.6.3 PCD Holemaking Tools
11.6.4 PCD Inserts
11.6.5 Others
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 Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market Size Forecast by Type
12.6.1 PCD Milling Tools
12.6.2 PCD Turning Tools
12.6.3 PCD Holemaking Tools
12.6.4 PCD Inserts
12.6.5 Others
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 Polycrystalline Diamond Tool 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) Polycrystalline Diamond Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polycrystalline Diamond Tool 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) Polycrystalline Diamond Tool Market Size Forecast by Type
13.6.1 PCD Milling Tools
13.6.2 PCD Turning Tools
13.6.3 PCD Holemaking Tools
13.6.4 PCD Inserts
13.6.5 Others
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) Polycrystalline Diamond Tool 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 Polycrystalline Diamond Tool Market: Competitive Dashboard
14.2 Global Polycrystalline Diamond Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kennametal
14.3.2 Sandvik Group
14.3.3 Mapal
14.3.4 Preziss Tool
14.3.5 Wirutex
14.3.6 Ceratizit
14.3.7 Sumitomo Electric
14.3.8 Kyocera
14.3.9 Mitsubishi Materials
14.3.10 Union Tool
14.3.11 Kennametal
14.3.12 Shinhan Diamond
14.3.13 EHWA
14.3.14 Halcyon Technology
14.3.15 TOP TECH Diamond Tools
14.3.16 Telcon Diamond
14.3.17 Beijing Worldia Diamond Tools
14.3.18 Shanghai Nagoya Precision Tools
14.3.19 Zhengzhou Diamond Precision Manufacturing
14.3.20 Shenzhen Junt
14.3.21 Weihai Weiying
