The Global Diamond Tools Market is estimated to surpass $4.37 billion marks by 2026 growing at an estimated CAGR of more than 6.7% during the forecast period 2021 to 2026. Diamonds are one such natural hard materials on the earth, which are harder than corundum and silicon carbide. When used on tools, diamonds grinds the materials to the micro (nano) level. The Diamond Tools Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape :
The top 5 players in the Diamond Tools Industry are –
1. Asahi diamond industrial Co Ltd
2. Saint-Gobain (Saint-Gobain Abrasives S.A)
3. Hilti Group (Hilti India Private Limited)
4. BOSUN Tools Co., Ltd.
5. Blount International (ICS, Blount)
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Segmental Analysis :
1. Diamond sawing tools dominated the Diamond Tools Market as compared to the other types. Diamond sawing tool is a saw blade which contains diamonds fixed on its edge for cutting hard materials.
2. Diamond tools are the essential components of stone processing industry as these tools are used is designing and structuring of natural stones into precise construction material with desired standards and dimensions.
3. Diamond tools are increasingly used in most of these processes that are involved in the manufacturing of standard stone products such as tiles, kerbs, slabs and other decorative arts
Abrasive, Sawing Tool, Drilling Tool, Cutting Tool
By Manufacturing Methods
Metal Bonded, Resin Bonded, Plated, Ceramic Bonding, PCD, PDC
Turning, Fly Cutting, Multi-Axis Milling, Grooving, Boring
North America, Europe, Asia-Pacific, South America and Rest of World
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Market Drivers and Challenges :
1. The construction activities of both residential and commercial buildings is constantly growing across the world owing to the growing population and large infrastructure developments. The utilization of typical marble and granite stones that are used in construction industry is likely to be the major driving factor for the growth of diamond tools market.
2. In addition to the environmental issues, the customer interest in reducing fuel consumption to improve fuel cost efficiency is in turn increasing the adoption of precise diamond tools into automotive industry for fine processing of engine components.
3. The increasing demand for high precision processing for lowering the frictional noise coupled with noise reduction needs in both luxury and lower-end cars is boosting the utilization of high-quality diamond tools.
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