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Global Super-Hard Materials Market to Grow at a CAGR of 5.7% During 2024-2032, Aided by the Growing Demand from Major End Use Sectors

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Global Super-Hard Materials Market Size, Share, Forecast: By Type: Intrinsic, Extrinsic; By Product: Micron Diamond, Polycrystalline Diamond (PCD), Cubic Boron Nitride (CBN), Polycrystalline Cubic Boron Nitride (PCBN); By Form: Monocrystalline, Polycrystalline, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

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
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Super-Hard Materials Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Super-Hard Materials Historical Market (2018-2023)
   8.3   Global Super-Hard Materials Market Forecast (2024-2032)
   8.4   Global Super-Hard Materials Market by Type
       8.4.1   Intrinsic
           8.4.1.1   Market Share
           8.4.1.2   Historical Trend (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
       8.4.2   Extrinsic
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
   8.5   Global Super-Hard Materials Market by Product
       8.5.1   Micron Diamond
           8.5.1.1   Market Share
           8.5.1.2   Historical Trend (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Polycrystalline Diamond (PCD)
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
       8.5.3   Cubic Boron Nitride (CBN)
           8.5.3.1   Market Share
           8.5.3.2   Historical Trend (2018-2023)
           8.5.3.3   Forecast Trend (2024-2032)
       8.5.4   Polycrystalline Cubic Boron Nitride (PCBN)
           8.5.4.1   Market Share
           8.5.4.2   Historical Trend (2018-2023)
           8.5.4.3   Forecast Trend (2024-2032)
   8.6   Global Super-Hard Materials Market by Form
       8.6.1   Monocrystalline
           8.6.1.1   Market Share
           8.6.1.2   Historical Trend (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Polycrystalline
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
       8.6.3   Composite
           8.6.3.1   Market Share
           8.6.3.2   Historical Trend (2018-2023)
           8.6.3.3   Forecast Trend (2024-2032)
       8.6.4   Others
   8.7   Global Super-Hard Materials Market by End Use
       8.7.1   Automotive and Transportation
           8.7.1.1   Market Share
           8.7.1.2   Historical Trend (2018-2023)
           8.7.1.3   Forecast Trend (2024-2032)
       8.7.2   Building and Constructions
           8.7.2.1   Market Share
           8.7.2.2   Historical Trend (2018-2023)
           8.7.2.3   Forecast Trend (2024-2032)
       8.7.3   Chemicals and Petrochemicals
           8.7.3.1   Market Share
           8.7.3.2   Historical Trend (2018-2023)
           8.7.3.3   Forecast Trend (2024-2032)
       8.7.4   Drilling, Mining and Quarry
           8.7.4.1   Market Share
           8.7.4.2   Historical Trend (2018-2023)
           8.7.4.3   Forecast Trend (2024-2032)
       8.7.5   Electrical and Electronics
           8.7.5.1   Market Share
           8.7.5.2   Historical Trend (2018-2023)
           8.7.5.3   Forecast Trend (2024-2032)
       8.7.6   Others
   8.8    Global Super-Hard Materials Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023)
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023)
            8.8.4.3    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2023)
            8.8.5.3    Forecast Trend (2024-2032)
9    North America Super-Hard Materials Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
10    Europe Super-Hard Materials Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023)
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023)
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Super-Hard Materials Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023)
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023)
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023)
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Super-Hard Materials Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023)
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023)
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023)
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Super-Hard Materials Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023)
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023)
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023)
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023)
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    ILJIN Diamond Co., Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    SF Diamond Co. Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Henan Yalong Super-Hard Materials Co., Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Element Six (UK) Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Super-Hard Materials Market: Key Industry Highlights, 2018 and 2032
2.   Global Super-Hard Materials Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.   Global Super-Hard Materials Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.   Global Super-Hard Materials Historical Market: Breakup by Form (USD Billion), 2018-2023
5.   Global Super-Hard Materials Market Forecast: Breakup by Form (USD Billion), 2024-2032
6.   Global Super-Hard Materials Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.   Global Super-Hard Materials Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.   Global Super-Hard Materials Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Super-Hard Materials Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Super-Hard Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Super-Hard Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Super-Hard Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Super-Hard Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Super-Hard Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Super-Hard Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Super-Hard Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Super-Hard Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Super-Hard Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Super-Hard Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Super-Hard Materials Market Structure

Key Questions Answered in the Report

What was the global super-hard materials market size in 2023?

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

What is the growth rate of the market?

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

What is the forecast outlook of the market for 2024-2032?

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.

What are the major regional markets of super-hard materials, according to the EMR report?

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

What are the major industry drivers?

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.

What are the key industry trends of the global super-hard materials market?

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

What are the major types of super-hard materials included in the market?

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

What are the different products of super-hard materials?

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

What are the various forms of super-hard materials?

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

What are the significant end uses of super-hard materials?

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.

Who are the key industry players, according to the report?

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.

Analyst Review

The global super-hard materials market attained a value of nearly USD 6.28 billion in 2023, driven by the thriving automotive and transportation industry. Aided by technological advancements in the electrical and electronics industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.7%. The market is projected to reach about USD 10.33 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the super-hard materials industry is divided into intrinsic and extrinsic. On the basis of product, the market is segmented into micron diamond, polycrystalline diamond (PCD), cubic boron nitride (CBN), and polycrystalline cubic boron nitride (PCBN). By form, the market is classified into monocrystalline, polycrystalline, and composite, among others. Based on end uses, the market is segmented into automotive and transportation, building and constructions, chemicals and petrochemicals, drilling, mining, and quarry, and electrical and electronics, among others. The major regional markets for super-hard materials are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ILJIN Diamond Co., Ltd., SF Diamond Co. Ltd., Henan Yalong Superhard Materials Co., Ltd., and Element Six (UK) Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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