Global Polycrystalline Diamond Cutting Tool Market Growth 2024-2030

Global Polycrystalline Diamond Cutting Tool Market Growth 2024-2030

Product Code:814264

Published Date: Apr 28,2024

Pages: 133

Region: Global

Category: Machinery & Equipment

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Polycrystalline Diamond Cutting Tool is short for PCD cutting tool. Polycrystalline Diamond (PCD) is a synthetic diamond product that is produced by sintering together selected diamond particles with a metal matrix, using sophisticated technology. The diamond and matrix, when sintered together under high temperatures and pressures, creates a PCD tool blank that is high in uniform hardness and is abrasive resistant in all directions. This PCD diamond layer is then bonded to a tungsten carbide substrate, which provides strength and a brazable base to permit bonding to other metals.

The global Polycrystalline Diamond Cutting Tool market size is projected to grow from US$ 969 million in 2024 to US$ 1313 million in 2030; it is expected to grow at a CAGR of 5.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Polycrystalline Diamond Cutting Tool Industry Forecast” looks at past sales and reviews total world Polycrystalline Diamond Cutting Tool sales in 2023, providing a comprehensive analysis by region and market sector of projected Polycrystalline Diamond Cutting Tool sales for 2024 through 2030. With Polycrystalline Diamond Cutting Tool sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polycrystalline Diamond Cutting Tool industry.

This Insight Report provides a comprehensive analysis of the global Polycrystalline Diamond Cutting Tool landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polycrystalline Diamond Cutting Tool portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polycrystalline Diamond Cutting Tool market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polycrystalline Diamond Cutting Tool and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polycrystalline Diamond Cutting Tool.

Global key players of polycrystalline diamond cutting tool include Sandvik Group, Sumitomo Electric, Kennametal, Ceratizit, Beijing Worldia Diamond Tools, etc. The top five players hold a share about 45%. Asia-Pacific is the largest market, and has a share about 40%, followed by Europe and North America with share 30% and 23%, separately. In terms of product type, PCD Turning Tools is the largest segment, occupied for a share of 30%. In terms of application, Automotive Industry has a share about 47 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Polycrystalline Diamond Cutting Tool market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    PCD Milling Tools
    PCD Turning Tools
    PCD Holemaking Tools
    PCD Inserts
    Others

Segmentation by Application:
    Automotive Industry
    Machinery Industry
    Aerospace Industry
    Electronics and Semiconductor
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Kennametal
    Sandvik Group
    Mapal
    Wirutex
    Ceratizit
    Sumitomo Electric
    Kyocera
    Mitsubishi Materials
    Union Tool
    Asahi Diamond Industrial
    Shinhan Diamond
    EHWA
    Halcyon Technology
    TOP TECH Diamond Tools
    Telcon Diamond
    Beijing Worldia Diamond Tools
    Shanghai Nagoya Precision Tools
    Zhengzhou Diamond Precision Manufacturing
    Shenzhen Junt
    Weihai Weiying

Key Questions Addressed in this Report
What is the 10-year outlook for the global Polycrystalline Diamond Cutting Tool market?
What factors are driving Polycrystalline Diamond Cutting Tool market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polycrystalline Diamond Cutting Tool market opportunities vary by end market size?
How does Polycrystalline Diamond Cutting Tool break out by Type, by Application?