There are a number of important market drivers for hard and superhard materials. Broken out by product sector, some trends are as follows: increased use of diamond tools, coatings and abrasives in defense and medical/research applications, and the recent use of diamond tools in the manufacturing of precision parts, such as opto-electronics, and cutting tools, such as saw blades (industrial diamonds market); increasing demand for superabrasive products and the use of boron nitride and diamond products as coatings for wear parts, cutting tools and custom/precision parts used in harsh environments. (cBN/PcBN market); the development of new applications within electronics and custom/precision parts (advanced ceramics market); industrial growth (cemented carbides market); and industry and machining (tool steels market).
Industrial diamonds and boron nitride materials are expected to show the most impressive growth year over year during the forecast period, followed by ceramics, cemented carbides and tool steels respectively.
Using 2007 as the base year, the report assesses the overall growth potential for hard and superhard materials and products and forecasts growth by product type and end-use market through 2013. It includes extensive information on the competitive environment, including recent market entrants, types of suppliers, differentiation points, general warranty standards, service contracts and barriers to market entry.
Exhibit One: Global Hard and Superhard Materials Demand by Product Type ($MM): 2009
Source: Dedalus Consulting
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About Dedalus Consulting
Dedalus Consulting Inc. is a privately owned and independently operated market research publisher and consultancy. Our research focuses on both emerging and mature markets in high-technology sectors, including machining & materials, electronic components, life sciences, nanotechnology, mobile communications and photonics.
Research is continually updated through a methodology based on primary interviews with key executives. Companies interviewed include manufacturers, end-users, distributors, and research institutions.
Our clients include Fortune 500 companies, start-ups, financial analysts, and research organizations engaged in the development and manufacturing of advanced technology products and services.