Persistence Market Research is released new forthcoming report on title "Superhard Material Market: Global Industry Analysis and Forecast to 2020".

New York, NY -- (SBWire) -- 11/05/2014 --A superhard material is a material with a hardness level exceeding 40 gigapascals. Superhard materials are highly incompressible solids with high electron density and high bond covalency.

The various products of superhard material include cemented carbides, tool steels, ceramics and diamond. Cement carbide is generally used in industrial applications for machining tough materials such as carbon steel or stainless steel. Superhard material market is segmented in the following three catogries: monocrystalline superhard, composite superhard materials and super-hard materials and tools. Monocrystalline superhard materials include diamond and cubic boron nitride.

Buy Full Report:
http://www.persistencemarketresearch.com/market-research/superhard-material-market.asp

Composite superhard materials includes clad sheet for oil and gas, clad sheet for cutting tools, clad sheet and wire drawing die blanks used for coal and mining. Super-hard materials and tools includes polycrystalline diamond drawing dies, diamond saw blades, diamond drill bits, diamond discs and diamond cutting tools.

Due to their incomparable hardness, superhard materials can scratch and shape any object, hence it used in a wide range of industrial operations related to turning, cutting, drilling, boring and grinding. Superhard materials are used in many industries including aerospace, alternative energy, automotive, chemical processing, infrastructure and construction, die & mold, electronic, general machining, mining, oil & gas, paper & pulp, power generation, railroads and shipbuilding. Application of superhard material in these industries includes abrasive, coating, cutting tool, general medical, precision part, refractory parts, sensors, semiconductor fabrication, subsystem components and wear parts polishing.

In 2013, affected by the insufficient demand from downstream petroleum, construction and metal cutting machine tool and due to sluggish economy, superhard material and products industry’s growth was slowed down and many companies were facing high operating costs due to this reason. In view of this, SF Diamond Co., Ltd, BOSUN Tools Co., Ltd, Henan Huanghe Whirlwind Co., Ltd, and some other companies adopted number of measures to expand their existing production capacity and extend their industrial chain to enhance their operational capabilities.

Asia Pacific is the largest market for superhard material. China contributes the largest share of superhard material market in Asia Pacific region generating about 90% of global output and become the top producer of manmade diamond. The superhard material market in China reached about USD 2 billion in 2013, accounting about 21.8% of global market share in superhard material. Market of superhard material in North America and Europe region is driven by improving economy, intensifying manufacturing activity and the ensuing rise in demand for machine tools that used for various industrial operations.

Major companies operating in global superhard material market are Zhongnan Diamond Co.,Ltd, Zhengzhou Sino Crystal Diamond Co., Ltd, Henan Huanghe, SF Diamond Bosun Tools, KingDream Public, Advanced Technology & Materials Co., Ltd, Zhengzhou New Asia Superhard Material Composite Co., Ltd., Henan Yalong Diamond Tools Co., Ltd, Shenzhen Haimingrun Industrial Co., Ltd., Zhengzhou Research Institute for Abrasives & Grinding, Monte Bianco Diamond Applications Co., Ltd., King strong Material Engineering Ltd, CR Gems Diamond Co., Ltd, Anhui Hongjing New Material Co., Ltd, Funik Ultra hard Material Co., Ltd, Henan Yalong Superhard Materials Co.,Ltd, Zhengzhou Realy Superabrasives Co.,Ltd and BOSUN Tools Co., Ltd.

Request Full TOC:
http://www.persistencemarketresearch.com/toc/3646

About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.