Super Abrasive Market By Material Type (Diamond, Cubic Boron Nitride [CBN], Others [e.g., polycrystalline super abrasives]); By Product Type (Grinding Wheels, Cutting Tools, Lapping Compounds, Polishing Wheels, Others [e.g., honing stones, drilling bits]); By Application (Automotive, Aerospace, Electronics & Semiconductors, Medical Devices, Oil & Gas, Construction, Metalworking, Others [e.g., ceramics, mining]); By End-use Industry (Industrial Manufacturing, Healthcare, Consumer Goods, Energy & Power); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The super abrasives market was worth USD 6.5 billion in 2023 and will be worth USD 9.8 billion by 2030, growing at a CAGR of 6.1% during the forecast period.

 

The Super Abrasives market has been growing because of the need for more accurate products and advanced industry materials. According to the automotive industry, in 2023, the automobile manufacturing industry experienced a great growth period, up to 85 million units of automobile production per year, creating a great demand for super abrasives, especially for the grinding and cutting tools for automobile engines and precise auto parts. Products, including diamond and CBN super abrasives, are extremely durable and useful in applications requiring higher tolerance standards. One such advancement is the use of super abrasives in the semiconductor industry since the need for ultra-precision manufacturing can be seen due to the increased use of smaller and more intricate electronic devices. For instance, the electronics industry, where manufacturers are applying super abrasive grinding wheels on wafer dicing, is increasing the demand for super abrasives as grinding tools and high-tech tools.

 

One of the big opportunities that exist in the Super Abrasives market is in the growing semiconductor electronics industries, where accuracy and hardness are paramount. The semiconductor market is expected to increase by more than 8% per year globally and needs durable tools, such as super abrasive tools for slicing, grinding, and polishing wafers. For example, diamond-based super abrasives are increasingly used in manufacturing silicon wafers for microchips, as they offer superior cutting precision and longevity compared to conventional materials. A recent development includes super abrasives in producing 5G and AI components, increasing the demand for ultra-precision tools in these rapidly advancing industries.

 

 

Market Segmentation

By Material Type:

• Diamond

• Cubic Boron Nitride (CBN)

• Others (e.g., polycrystalline super abrasives)

 

By Product Type:

• Grinding Wheels

• Cutting Tools

• Lapping Compounds

• Polishing Wheels

• Others (e.g., honing stones, drilling bits)

 

By Application:

• Automotive

• Aerospace

• Electronics & Semiconductors

• Medical Devices

• Oil & Gas

• Construction

• Metalworking

• Others (e.g., ceramics, mining)

 

By End-use Industry:

• Industrial Manufacturing

• Healthcare

• Consumer Goods

• Energy & Power

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Asia-Pacific is the largest revenue-generating region in the super abrasives market due to a robust industrial structure in automotive, electronics, and aerospace, among others. In 2023, Asia-Pacific dominated the largest global market share, especially in electronics manufacturing nations such as China, Japan, and South Korea, and automotive production. For example, China accounts for over 25 million vehicle production annually, implying a huge market for super abrasives used in precision machining and grinding. The development that has emerged recently is the application of super abrasives in semiconductors across Taiwan and South Korea, regions where electronics and the 5G technology continue to grow quickly. Large manufacturing investments in high-technology manufacturing and high-performance materials for industrial uses further support this region’s strength.

 

Key Players

• 3M

• Saint-Gobain

• Asahi Diamond Industrial Co., Ltd.

• Element Six

• Tyrolit Schleifmittelwerke Swarovski K.G.

• Henan Huanghe Whirlwind Co., Ltd.

• Hyperion Materials & Technologies

• Carborundum Universal Limited (CUMI)

• Sandeep Engineers

• Diacut Inc.

 

Super Abrasives Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 6.5 billion
Revenue Forecast in 2030	USD 9.8 billion
Overall Growth Rate	CAGR of 6.1%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Material Type, By Product Type, By Application, By Region
By Material Type	Diamond, Cubic Boron Nitride (CBN)
By Product Type	Grinding Wheels, Cutting Tools, Lapping Compounds
By Application	Automotive, Electronics, Aerospace
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.