Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Super-Hard Materials Market Outlook

The global super-hard materials market stood at a value of around USD 6.28 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.7% to reach about USD 10.33 billion by 2032.

Global Super-Hard Materials Market

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Micron Diamond Segment Holds a Significant Share in the Global Super-Hard Materials Industry

As micron diamond is tough and has a high wear resistance, it is ideal for various industrial applications, such as cutting, drilling, polishing, grinding, etc., which is driving the market growth. It can effortlessly grind and polish hard alloys, ceramics, gems, and optical glass, among others, due to which its demand is significantly increasing. In addition, the growing use of micron diamond powder by major ceramic manufacturers is likely to aid the segment growth. The rising demand for precious stones in the jewellery industry is expected to further boost the demand for micron diamond, which is anticipated to propel the market for super-hard materials in the forecast period.

The Asia Pacific Accounts for a Significant Share in the Market for Super-Hard Materials

The super-hard materials industry in the Asia Pacific is driven by the rapid expansion of various end-use sectors in the region, including oil and gas, chemical and petroleum, automotive and transportation, and building and construction, among others. The market growth can also be attributed to the rising population, the increasing disposable incomes, the introduction of favourable government policies for the manufacturers, rapid urbanisation, and infrastructure development. Moreover, the increasing foreign direct investment in countries like India is likely to accelerate various development projects, thereby propelling the demand for super-hard materials.

Super-Hard Materials Market Segmentation

super-hard materials are defined as extremely hard materials with hardness reaching more than 40 gigapascals. These highly tough materials are incompressible and deliver high mechanical performance. super-hard materials find their applications in major industries like electronics, construction, and petrochemicals, among others.

Global Super-Hard Materials Market by Segments

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Based on type, the market can be bifurcated into:

  • Intrinsic
  • Extrinsic

The different products of super-hard materials are as follows:

  • Micron Diamond
  • Polycrystalline Diamond (PCD)
  • Cubic Boron Nitride (CBN)
  • Polycrystalline Cubic Boron Nitride (PCBN)

The market, based on form, is segmented into:

  • Monocrystalline
  • Polycrystalline
  • Composite
  • Others

The major end uses of super-hard materials include:

  • Automotive and Transportation
  • Building and Constructions
  • Chemicals and Petrochemicals
  • Drilling, Mining and Quarry
  • Electrical and Electronics
  • Others

The EMR report looks into the regional markets for super-hard materials like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Super-Hard Materials Market by Region

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Rising Applications of Super-Hard Materials in the Building and Construction Sector to Boost the Market Growth

The rising application of super-hard materials in the building and construction industry is driving the market. This can be attributed to the high strength and wear-resistance of the materials that stabilise the structure, keeping it safe from earthquakes, tsunamis, and other natural calamities. Over the forecast period, the utilisation of super-hard materials in residential and commercial constructions is likely to boost the market growth in the forecast period. Although the high cost of some super-hard materials such as diamond is likely to impede the market, the rising demand for super-hard materials in drilling, quarrying, and mining is anticipated to provide impetus to the growth of the market. Further, the increasing interest in renewable resources is predicted to further fuel the industry growth in the coming years.

Key Industry Players in the Global Super-Hard Materials Market

The report gives a detailed analysis of the following key players in the global super-hard materials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ILJIN Diamond Co., Ltd.
  • SF Diamond Co. Ltd.
  • Henan Yalong Superhard Materials Co., Ltd.
  • Element Six (UK) Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product
  • Form
  • End Use
  • Region
Breakup by Type
  • Intrinsic
  • Extrinsic
Breakup by Product
  • Micron Diamond
  • Polycrystalline Diamond (PCD)
  • Cubic Boron Nitride (CBN)
  • Polycrystalline Cubic Boron Nitride (PCBN)
Breakup by Form
  • Monocrystalline
  • Polycrystalline
  • Composite
  • Others
Breakup by End Use
  • Automotive and Transportation
  • Building and Constructions
  • Chemicals and Petrochemicals
  • Drilling, Mining and Quarry
  • Electrical and Electronics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ILJIN Diamond Co., Ltd.  
  • SF Diamond Co. Ltd.
  • Henan Yalong Super-Hard Materials Co., Ltd.
  • Element Six (UK) Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global super-hard materials market attained a value of nearly USD 6.28 billion.

The market is estimated to grow at a CAGR of 5.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 10.33 billion by 2032.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the rising application of super-hard materials in various end use industries and rapid infrastructural development in the emerging economies.

The growing R&D activities and technological advancements in the electrical and electronics industry are expected to drive the growth of the industry.

Intrinsic and extrinsic are the major types included in the market.

Micron diamond, polycrystalline diamond (PCD), cubic boron nitride (CBN), and polycrystalline cubic boron nitride (PCBN) are the different products of super-hard materials.

The various forms of super-hard materials are monocrystalline, polycrystalline, and composite, among others.

Automotive and transportation, building and constructions, chemicals and petrochemicals, drilling, mining, and quarry, and electrical and electronics, among others, are the significant end uses of super-hard materials.

The major players in the industry are ILJIN Diamond Co., Ltd., SF Diamond Co. Ltd., Henan Yalong Superhard Materials Co., Ltd., and Element Six (UK) Ltd., among others.

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