Superhard Materials

Global Superhard Materials Market to Reach US$14.7 Billion by 2030

The global market for Superhard Materials estimated at US$10.1 Billion in the year 2024, is expected to reach US$14.7 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2024-2030. Cemented Carbides, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Ceramics segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 9.9% CAGR

The Superhard Materials market in the U.S. is estimated at US$2.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global Superhard Material Market - Key Trends and Drivers Summarized

Superhard materials are materials that exhibit extreme hardness, characterized by a Vickers hardness of over 40 gigapascals (GPa). They are highly resistant to wear and deformation under pressure, which makes them invaluable in industrial applications requiring durability and strength. Common examples of superhard materials include diamond, cubic boron nitride (CBN), and certain forms of man-made compounds such as polycrystalline diamond (PCD) and aggregated diamond nanorods. One of the primary growth drivers for superhard materials is their extensive use in cutting, drilling, and machining operations across various industries. The manufacturing sector, which includes automotive, aerospace, and metal fabrication industries, relies heavily on tools made from superhard materials for precision cutting and extended tool life. These materials allow for the efficient processing of other hard materials and significantly reduce downtime due to tool wear, thereby enhancing productivity and reducing costs. Additionally, the ongoing trend towards automation and precision in manufacturing necessitates tools that can withstand high-speed operations and deliver consistent performance, further boosting the demand for superhard materials.

Another significant trend in the superhard materials market is the increasing investment in construction and infrastructure projects worldwide. Superhard materials are critical in the construction industry for drilling and cutting through hard rock and reinforced concrete. As urbanization continues to drive the construction of roads, bridges, and buildings, the need for durable construction tools capable of handling tough materials increases. This trend is particularly pronounced in emerging economies, where large-scale infrastructure development is ongoing, and the demand for superhard materials is expected to grow substantially.

Looking ahead, the superhard materials industry is poised for a steady evolution, focusing on the development of high-end products and expanding into new application areas such as precision machining and mobile technology components. The advancement in technology and material science is propelling the development of new superhard materials that offer better performance and sustainability. Research is focused on creating less costly alternatives to natural diamonds, such as synthetic diamond films and nanostructured superhard materials, which provide similar or superior properties. Environmental concerns and the need for more sustainable manufacturing practices are also leading to innovations in recycling and reusing superhard materials, ensuring a more efficient and environmentally friendly supply chain. These technological advancements are not only expanding the applications of superhard materials but are also opening up new markets, thereby driving future growth.

SCOPE OF STUDY:

The report analyzes the Superhard Materials market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Cemented Carbides, Ceramics, Tool Steels, Diamond, CBN / PCBN)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 172 Featured) -

• 3M Company
• 3M Technical Ceramics GmbH
• Abrasive Technology, Inc.
• Ceradyne, Inc.
• COI Ceramics, Inc.
• CoorsTek, Inc.
• Deutsche Edelstahlwerke GmbH
• Diamant Boart S.A.
• Element Six
• H.C. Starck GmbH
• Kennametal, Inc.
• Morgan Technical Ceramics
• Mudanjiang Jingangzuan Boron Carbide
• Novatek, Inc.
• Sandvik AB
• Sumitomo Electric Hardmetal Corporation
• U.S. Electrofused Minerals, Inc
• US Synthetic Corp.
• ZYP Coatings, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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