Diamond Tools Market is expected to reach $3752.65 million by 2023

Asia Pacific dominates the Diamond Tools Market

Asia Pacific has the largest share in the Diamond Tools Business. It is expected to generate $64,343.45 million by 2023 growing at a CAGR of 12.09%. Increased infrastructure spending by the government, growing construction, and processing industries in nations like India and China are driving the growth of the market. The use of diamond tools is higher in the Asia Pacific, which favors more number of imports. The growing demand for diamond tools in many industries will have a positive impact on the trade of diamond tools in the region. Europe is the second largest region for the consumption of diamond tools, especially in the automotive industry. The diamond tools have applications in the maintenance of aircraft in Europe.

Selected Analysis done in the full Report:

The stone processing segment reached revenue of $1.052.3 million in 2016. It is expected to reach $1,882 million by 2023 at a CAGR of 8.66%. Diamond tools are important components in the stone processing industry since they are used in the designing and structuring of natural stones with the right construction material to obtain the desired standard. The high wear resistance, high strength, and low friction coefficient of the diamond tools are driving the utilization of tools such as saw blades, wire saws, and diamond polishing pads in various stone machining applications. The adoption of stones in the construction of structures such as buildings, bridges, dams, and roads is associated with the practice of various processing arts such as polishing, cutting, sawing, edge grinding, and optimization of stones.

Excerpts on Market Growth Factors

• The growth of the industrial sector is due to the rise in robotics and automation technologies. The adoption of control systems such as computers and robots in the industrial applications results in high quality and quantity of production at reduced operational costs. This factor drives the demand of Diamond Tools Business.

• The high cutting velocities and lower tool replacement costs justify the high cost of the diamond tools. This factor drives the demand for these tools in high-speed micromachining applications.

•   Synthetic diamond tools are used in the aerospace industry. Grinding is the major application for these tools to get the required surface finish to the turbine blades and other components.     

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Key players of the Diamond Tools Business 

The top players in the Diamond Tools Business are Asahi Diamond Industrial Co Ltd, Saint-Gobain, Hilti Group, BOSUN Tools Co., Ltd. and Blount International. Asahi Diamond Industrial manufactures products such as diamond dressers, resin bond diamond, and metal bond diamond. Saint Gobain manufactures coated abrasives which are used for heavy-to-medium material removal, fine finishing, and light blending and polishing. Hilti Group provides engineering services which include technical data, design software, and engineering solutions. BOSUN Tools manufactures diamond blades and diamond cup wheels. Blount International manufactures power grit utility diamond chain which is used to cut different materials from ductile iron to plastic pipe.

Diamond Tools Market is segmented as below

Growing applications such as stone processing, construction, energy industry, medical equipment, and tool industry drive the growth of the Diamond Tools Business. 

A. Diamond Tools Industry By Type 

     1. Abrasives Type

     2. Diamond Sawing Tools

     3. Diamond Drilling Tools                                 

     4. Diamond Cutting Tools

B. Diamond Tools Industry By Application

      1. Stone Processing/ Construction

      2. Transportation

      3. Machining

C. Diamond Tools Industry By Geography (Covers 5+ countries) 

D. Diamond Tools Industry By Entropy

What can you expect from the report?

The Diamond Tools Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories & Application

2. Market trends & Relevant Market Data

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End-user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Strategic Analysis

18. Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Revenue and Volume Analysis

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