Global PCD Tooling Market Overview:
PCD short form for polycrystalline diamond tools are which used artificially lab-made diamonds for cutting, milling, drilling, and other operations. The lab-made diamonds are made using the process of HT-HP or High temperature and high pressure. The artificial lab made diamonds reduce the cost of high precision cutting tools, as natural diamonds are way more expensive, and hard to be turned into a specific shape to be fitted along with the cutting equipment as well as other cutting applications. Because of the high level of hardness offered by PCD tools, they are ideal for operations on machining and abrasive materials. Common materials on which this tools are used include aluminum, magnesium, etc. The high demand for automotive, aerospace and other cutting operations in industries has led to growth of the PCD tools market. Geographically, Asia Pacific is the biggest market because of rapid industrialization in the region Some of the players profiled in the study are Kennametal, Inc. (United States), Sandvik AB (Sweden), Iljin Diamond Co., Ltd (South Korea), Mitsubishi Materials Corporation (Japan), Carbide Products Inc. (United States), Ssangyong Materials Corporation (South Korea), Shannon Abrasives Ltd. (Ireland), Hyperion Materials and Technologies, Inc. (United States), Chn-Top Sci and Tech Co., Ltd. (China) and GWS Tool Group (United States).
On the basis of geography, the market of PCD Tooling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Aerospace and Defence will boost the PCD Tooling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the PCD Tooling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand for Cutting Tools
- Rapid Industrialisation
- Automotive is one of the Fastest Growing Segment
- Intense Competition from Other Cutting Technologies
- Fine Sub-Micron PCD Tools offer High Potential to Grow
- High Cost of Manufacturing
Key Market Developments:
In 2020, GWS Tool Group, a USA based highly vertically integrated cutting tools manufacturer has announced acquisition of STF Precision. STF specialises in manufacturing of specifically designed PCD for automotive end use along with CBN and SCD cutting tools. GWS looks to strengthen its PCD tools segment with the acquisition particularly expanding from its rotary PCD tools.
In 2020, Kennametal, a market leader in tools and industrials equipment has announced launch of its new line of PCD tools which are rounded and specifically designed for aluminium machinery. The new tools offer 10 times higher productivity, by providing higher cutting and milling rates.
PCD Tooling Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global PCD Tooling market on the basis of product [Regular PCD, Extra Tough PCD, Ultra Hard PCD and Fine Sub-Micron] , application [Milling, Turning, Drilling, Grinding and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the PCD Tooling market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the PCD Tooling industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Industrial Abrasives Limited (United Kingdom), SF Diamond Co., Ltd. (China) and A. Landau Company (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the PCD Tooling market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.