Polycrystalline Diamond Market By Type (PCD Milling Tools, PCD Turning Tools, Others), By Application (Automotive, Machinery, Aerospace, Semiconductors, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Polycrystalline Diamond Market," The polycrystalline diamond market was valued at $900.60 million in 2022, and is estimated to reach $1.6 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.

The industrial use of polycrystalline diamond (PCD) is predicted to increase, which is further expected to support the market growth. Polycrystalline diamond is appropriate for a variety of industrial applications due to its superior hardness, wear resistance, and thermal conductivity. PCD is often used in cutting tools and machining for industrial processes like turning, milling, and drilling. There has been an increase in demand for polycrystalline diamond in industries such as automotive, aerospace, and oil & gas drilling in the last few years. The automotive industry has been driven to utilize precision polycrystalline diamond cutters for accurately cutting engine components due to the environmental concerns and customers' desire to reduce fuel consumption to save money. Polycrystalline diamond tools are also becoming more popular owing to the increase in demand for high precision processing to minimize frictional noise and noise reduction requirements in both luxury and entry-level autos. In addition, one of the primary factors for polycrystalline diamond significance is its higher hardness and wear resistance when compared to other materials. PCD's main component, diamond, is the hardest known substance, and PCD inherits this attribute from diamond. PCD is resistant to wear, abrasion, and scratching due to its hardness, making it excellent for use in cutting, drilling, and grinding equipment. All these factors are projected to drive the market growth during the forecast period.

One of the major limitations for the polycrystalline diamond (PCD) market growth is its high cost. PCD is a synthetic material that needs a difficult and costly production process that involves exposing diamond particles to high temperatures and pressure. This method might result in high production costs, making PCD equipment and components prohibitively costly for various applications. These are the factors predicted to hamper the market growth during the forecast period.

Polycrystalline diamond, offers a wide range of industrial uses, including cutting and drilling of hard and abrasive materials. PCD cutters are utilized in the oil & gas sector for drilling, mining activities for cutting rock formations, and semiconductor and optical component manufacturing. PCD has the ability to increase the performance and efficiency of many industrial processes because of its unique features. The increasing demand for durable and high-quality cutting tools presents a significant opportunity for growth of the polycrystalline diamond market. Moreover, advancements in additive manufacturing technologies have opened up new opportunities for PCD coatings on orthopedic implants and medical devices. Several companies are investing in the development of PCD technologies to benefit from these opportunities.PCD is an excellent material for cutting, drilling, and grinding tools as well as for incredibly precise applications where durability and precision are crucial. In addition, factors such as increased exploration activities and focus on the development of new oil & gas reserves are expected to contribute to the polycrystalline diamond drill bits market size. In addition, PCD polishing tools are used to polish marble and other fine stone surfaces, while PCD tool inserts are utilized in machines to engrave ceramics and high-speed metal. All these factors are projected to drive the market expansion during the forecast period.

The polycrystalline diamond market has been negatively impacted by the COVID-19 pandemic, especially in sectors that have been adversely affected like aerospace, oil & gas, automotive, and construction. Due to the pandemic's impact on production and consumption activities slowing down, there is a decreased demand for polycrystalline diamond products in these industries. The pandemic made it challenging for manufacturers to obtain the raw materials and components they need to make polycrystalline diamond products. This resulted in a lack of supply and price changes, which further affected the market expansion.

The key players profiled in this report include: Sandvik Group, Mapal Kennametal, Preziss Tool, Wirutex, Ceratizat, Sumitomo Electric, Kyocera, Mitsubishi Materials, and Union Tool.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polycrystalline diamond market analysis from 2022 to 2032 to identify the prevailing polycrystalline diamond market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the polycrystalline diamond market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global polycrystalline diamond market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

PCD Milling Tools
PCD Turning Tools
Others

By Application

Automotive
Machinery
Aerospace
Semiconductors
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Ireland
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players:

Sandvik Group
mapal
kennametal
Preziss Tool
Wirutex
Ceratizat
Sumitomo Electric
Kyocera
Mitsubishi Materials
Union Tool

Product Code: A74612

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Average Selling Price
3.7. Brand Share Analysis
3.8. Key Regulation Analysis
3.9. Market Share Analysis
3.10. Patent Landscape
3.11. Regulatory Guidelines
3.12. Value Chain Analysis

CHAPTER 4: POLYCRYSTALLINE DIAMOND MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. PCD Milling Tools
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. PCD Turning Tools
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: POLYCRYSTALLINE DIAMOND MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Automotive
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Machinery
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Aerospace
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Semiconductors
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: POLYCRYSTALLINE DIAMOND MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Key market trends, growth factors and opportunities
  - 6.2.4.1.2. Market size and forecast, by Type
  - 6.2.4.1.3. Market size and forecast, by Application
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Key market trends, growth factors and opportunities
  - 6.2.4.2.2. Market size and forecast, by Type
  - 6.2.4.2.3. Market size and forecast, by Application
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Key market trends, growth factors and opportunities
  - 6.2.4.3.2. Market size and forecast, by Type
  - 6.2.4.3.3. Market size and forecast, by Application
6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Key market trends, growth factors and opportunities
  - 6.3.4.1.2. Market size and forecast, by Type
  - 6.3.4.1.3. Market size and forecast, by Application
  - 6.3.4.2. UK
  - 6.3.4.2.1. Key market trends, growth factors and opportunities
  - 6.3.4.2.2. Market size and forecast, by Type
  - 6.3.4.2.3. Market size and forecast, by Application
  - 6.3.4.3. France
  - 6.3.4.3.1. Key market trends, growth factors and opportunities
  - 6.3.4.3.2. Market size and forecast, by Type
  - 6.3.4.3.3. Market size and forecast, by Application
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Key market trends, growth factors and opportunities
  - 6.3.4.4.2. Market size and forecast, by Type
  - 6.3.4.4.3. Market size and forecast, by Application
  - 6.3.4.5. Ireland
  - 6.3.4.5.1. Key market trends, growth factors and opportunities
  - 6.3.4.5.2. Market size and forecast, by Type
  - 6.3.4.5.3. Market size and forecast, by Application
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Key market trends, growth factors and opportunities
  - 6.3.4.6.2. Market size and forecast, by Type
  - 6.3.4.6.3. Market size and forecast, by Application
6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Key market trends, growth factors and opportunities
  - 6.4.4.1.2. Market size and forecast, by Type
  - 6.4.4.1.3. Market size and forecast, by Application
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Key market trends, growth factors and opportunities
  - 6.4.4.2.2. Market size and forecast, by Type
  - 6.4.4.2.3. Market size and forecast, by Application
  - 6.4.4.3. India
  - 6.4.4.3.1. Key market trends, growth factors and opportunities
  - 6.4.4.3.2. Market size and forecast, by Type
  - 6.4.4.3.3. Market size and forecast, by Application
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Key market trends, growth factors and opportunities
  - 6.4.4.4.2. Market size and forecast, by Type
  - 6.4.4.4.3. Market size and forecast, by Application
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Key market trends, growth factors and opportunities
  - 6.4.4.5.2. Market size and forecast, by Type
  - 6.4.4.5.3. Market size and forecast, by Application
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Key market trends, growth factors and opportunities
  - 6.4.4.6.2. Market size and forecast, by Type
  - 6.4.4.6.3. Market size and forecast, by Application
6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Key market trends, growth factors and opportunities
  - 6.5.4.1.2. Market size and forecast, by Type
  - 6.5.4.1.3. Market size and forecast, by Application
  - 6.5.4.2. Saudi Arabia
  - 6.5.4.2.1. Key market trends, growth factors and opportunities
  - 6.5.4.2.2. Market size and forecast, by Type
  - 6.5.4.2.3. Market size and forecast, by Application
  - 6.5.4.3. United Arab Emirates
  - 6.5.4.3.1. Key market trends, growth factors and opportunities
  - 6.5.4.3.2. Market size and forecast, by Type
  - 6.5.4.3.3. Market size and forecast, by Application
  - 6.5.4.4. South Africa
  - 6.5.4.4.1. Key market trends, growth factors and opportunities
  - 6.5.4.4.2. Market size and forecast, by Type
  - 6.5.4.4.3. Market size and forecast, by Application
  - 6.5.4.5. Rest of LAMEA
  - 6.5.4.5.1. Key market trends, growth factors and opportunities
  - 6.5.4.5.2. Market size and forecast, by Type
  - 6.5.4.5.3. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Sandvik Group
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
8.2. mapal
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
8.3. kennametal
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
8.4. Preziss Tool
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
8.5. Wirutex
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
8.6. Ceratizat
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
8.7. Sumitomo Electric
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
8.8. Kyocera
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
8.9. Mitsubishi Materials
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
8.10. Union Tool
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot