Global Superfinishing Stones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Superfinishing Stones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Superfinishing Stones are usually vitrified bonded grindstones, treated with different materials for better performance. The manufacturing process of Superfinishing Stones includes vitrified bonding, rubber bonding, resin bonding and flexible PVA bonding. Superfinishing Stones are also commonly used in the ultra-precision processing of consumer electronic products, precision mechanical parts and automotive parts that require ultra-precision and high precision.

Market Overview:

The latest research study on the global Superfinishing Stones market finds that the global Superfinishing Stones market reached a value of USD 77.12 million in 2022. It’s expected that the market will achieve USD 100.88 million by 2028, exhibiting a CAGR of 4.58% during the forecast period.

Influence of COVID-19 Outbreak on Superfinishing Stones Industry Development

The downstream machinery and equipment industry corresponding to the COVID-19 epidemic is beginning to be affected by the epidemic, and the traditional Superfinishing Stones peak season will be postponed. The machinery and electrical and electronic industries are the main downstream of Superfinishing Stones and the policy direction for stable economic growth after the pandemic of governments of various countries.
Superfinishing Stones is a capital-intensive and talentintensive industry. Due to irresistible factors such as transportation, the sales of Superfinishing Stones will be affected.
When the epidemic situation is controlled, the downstream industry will usher in a strong rebound, the growth will not be small, and sales in the Superfinishing Stones market will also increase. Superfinishing Stones companies can take this opportunity to eliminate some excess capacity, release some talents that cannot be used normally, and leave some opportunities for meticulous management from the beginning to build a production department with sufficient resistance to risks.

Strength

With the rapid development of electronic information, automobiles, home appliances, aerospace and other emerging industries, as well as machine tools, tools and other industries, the demand for Superfinishing Stones applications, which are indispensable in these industries, has grown rapidly. Throughout the development of the Superfinishing Stones industry, as the technology and market have matured, the absolute performance difference has become smaller and smaller, and the production cost factor has begun to highlight. The more obvious.

Weakness

The main raw materials of Superfinishing Stones are Aluminum Oxide, Silicon Carbide, Cubic Boron Nitride, Diamond and other materials. Raw materials account for a large proportion of product costs, and fluctuations in raw material prices have a greater impact on product profitability. There is still a certain technological gap between the scientific research capabilities and research results of Superfinishing Stones in less developed countries and the international advanced level, which hinders the development of new Superfinishing Stones.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Norton Abrasives, Supfina, Atlantic Grinding Wheel, Meister Abrasives and Super Abrasives are the five key players in the global Superfinishing Stones market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Superfinishing Stones market in the past 5 years.

Mahle GmbH is a German auto parts manufacturer located in Stuttgart, Germany. It is one of the world's largest automotive suppliers. As a manufacturer of components and systems for internal combustion engines and their peripherals, the company is one of the world's three largest suppliers of engine systems, filtration, electrical, mechatronics, and thermal management systems.

Aisin Seiki is a Japanese auto parts manufacturer. The world's top five auto parts manufacturers produce engines, powertrains, body and chassis, and aftermarket parts.

Segmentation Overview:

Among different product types, Diamond segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Gear Machining segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Superfinishing Stones market covered in Chapter 3:

Atlantic Grinding Wheel
Supfina
Norton Abrasives
Meister Abrasives
Cheil Grinding Wheel Ind. Co., Ltd
Super Abrasives
Keihin Kogyosho
Welt Groups

In Chapter 4 and Chapter 14.2, on the basis of types, the Superfinishing Stones market from 2018 to 2029 is primarily split into:

Aluminum Oxide
Silicon Carbide
Cubic Boron Nitride
Diamond

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Superfinishing Stones market from 2018 to 2029 covers:

Gear Machining
Shaft
Bearing
Others (Grinding wheels, Superfinishing film, etc.)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)