Report Description Table of Contents 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 Segment Analysis for the Super Abrasives Market By Material Type: Leading Segment: Diamond Diamond-based super abrasives dominate the market, holding over 50% of the revenue share. This is attributed to their superior hardness, durability & thermal conductivity, making them ideal for applications such as grinding, cutting & polishing in precision industries like aerospace & electronics. Diamond grinding wheels are extensively used in semiconductor wafer manufacturing due to their high precision & efficiency. Fastest-Growing Segment: Cubic Boron Nitride (CBN) CBN is growing at a CAGR of 9.5%, driven by its effectiveness in cutting ferrous materials where diamonds are less effective. The material’s high thermal stability & wear resistance make it a preferred choice for automotive & aerospace applications. CBN cutting tools are widely used in machining components like engine blocks & transmission systems in the automotive sector. By Product Type: Leading Segment: Grinding Wheels Grinding wheels account for approximately 40% of the market share, making them the leading product type. Their widespread application across industries like construction, metalworking & electronics for precision surface finishing contributes to their dominance. Companies such as Norton Abrasives provide a variety of diamond & CBN grinding wheels for industrial use. Fastest-Growing Segment: Cutting Tools Cutting tools are expanding rapidly at a CAGR of 10.2%, fueled by their growing adoption in high-precision manufacturing processes, especially in automotive & aerospace industries. For instance, advanced CBN cutting tools are extensively used in machining superalloys for turbine blades in aerospace. By Application: Leading Segment: Automotive The automotive sector leads the market with a share exceeding 30%, driven by the need for precision machining & grinding in manufacturing critical components like gears, engine parts & brake systems. Automotive manufacturers like Ford & Toyota rely heavily on super abrasives for enhanced production efficiency & reduced tool wear. Fastest-Growing Segment: Electronics & Semiconductors The electronics and semiconductor segment is witnessing the highest growth, with a CAGR of 11.8%. This growth is propelled by the increasing demand for high-precision machining in semiconductor fabrication, where diamond lapping and polishing compounds are essential for wafer thinning and surface finishing. For example, companies like TSMC use diamond-based super abrasives in chip manufacturing. By End-Use Industry: Leading Segment: Industrial Manufacturing Industrial manufacturing dominates with over 40% market share, as super abrasives are critical for machining hard materials in various industries, including metalworking, construction, and heavy equipment. Manufacturers like General Electric use super abrasives for machining turbine components and other industrial applications. Fastest-Growing Segment: Healthcare The healthcare sector is growing at a CAGR of 10.5%, driven by the rising adoption of super abrasives in medical device manufacturing. Applications include machining and polishing implants, surgical instruments, and dental tools. For example, diamond-tipped tools are used in manufacturing precision dental drills and orthopedic implants. By Region: Leading Region: Asia Pacific Asia Pacific holds the largest market share, exceeding 40%, driven by the presence of manufacturing hubs in China, Japan & India. The region’s dominance is attributed to its booming automotive & electronics industries. For example, China’s rapid expansion in electric vehicle production has significantly boosted the demand for super abrasives in precision machining. Fastest-Growing Region: North America North America is growing at a CAGR of 9.8%, supported by advancements in aerospace, healthcare & energy sectors. The U.S. leads the regional market with increasing investments in superalloy machining for aerospace and renewable energy applications. For example, Boeing uses CBN-based grinding wheels for precision machining of aircraft components. 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. Frequently Asked Question About This Report How big is the Super Abrasive Market? The super abrasive market was valued at USD 6.5 billion in 2023 and is projected to reach USD 9.8 billion by 2030, growing at a CAGR of 6.1% during the forecast period. What are the key factors driving the growth of the Super Abrasive Market? The market growth is attributed to the demand for precision and advanced materials in industries such as automotive and electronics. In 2023, the automotive industry produced approximately 85 million units annually, increasing the demand for super abrasives in manufacturing processes. Who are the major players in the Super Abrasive Market? Key players include 3M Company, Saint-Gobain Abrasives, and Asahi Diamond Industrial Co., Ltd. Which region held the largest Super Abrasive Market share? Asia-Pacific holds a significant market share, driven by rapid industrialization and the expansion of manufacturing sectors in countries like China and India. Which application had the largest Super Abrasive Market share? The automotive industry segment dominates the market, utilizing super abrasives extensively in the production of precision components. . Table of Contents 1. SUPER ABRASIVE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. SUPER ABRASIVE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – SUPER ABRASIVE MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Material Type of Super Abrasive and End Use Outlook Analysis 4. HISTORIC TRENDS IN SUPER ABRASIVE MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA SUPER ABRASIVE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Super Abrasive Historical Market ($MILLION), (2017 – 2023) 6.2. North America Super Abrasive Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 6.3.1. Diamond 6.3.2. Cubic Boron Nitride (CBN) 6.3.3. Others (e.g., polycrystalline super abrasives) 6.4. North America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Automotive 6.4.2. Aerospace 6.4.3. Electronics & Semiconductors 6.4.4. Medical Devices 6.4.5. Oil & Gas 6.4.6. Construction 6.4.7. Metalworking 6.4.8. Others (e.g., ceramics, mining) 6.5. North America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 6.5.1. Grinding Wheels 6.5.2. Cutting Tools 6.5.3. Lapping Compounds 6.5.4. Polishing Wheels 6.5.5. Others (e.g., honing stones, drilling bits) 6.6. North America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Industrial Manufacturing 6.6.2. Healthcare 6.6.3. Consumer Goods 6.6.4. Energy & Power 6.7. North America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA SUPER ABRASIVE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE SUPER ABRASIVE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Super Abrasive Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Super Abrasive Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 8.4. Europe Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 8.6. Europe Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC SUPER ABRASIVE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Super Abrasive Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Super Abrasive Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 9.4. APAC Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 9.6. APAC Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.7. APAC Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA SUPER ABRASIVE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Super Abrasive Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Super Abrasive Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 10.4. Latin America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 10.6. Latin America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.7. Latin America Super Abrasive Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. 3M 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Saint-Gobain 11.3. Asahi Diamond Industrial Co., Ltd. 11.4. Element Six 11.5. Tyrolit Schleifmittelwerke Swarovski K.G. 11.6. Henan Huanghe Whirlwind Co., Ltd. 11.7. Hyperion Materials & Technologies 11.8. Carborundum Universal Limited (CUMI) 11.9. OTHER MARKET PLAYERS