Resin Bond Diamond Powder Market: Global Industry Analysis, Size, Share, Growth

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Resin Bond Diamond Powder Market: Overview

• Resin bond diamond powder is a type of diamond abrasive grain. Resin bond diamond powder is a monocrystalline diamond. It displays sharp friable-resin bond crystals, micronized from selected industrial grade powders.
• Resin bond diamond powder is a manmade diamond powder, it is one of the hardest manmade abrasives utilized in a variety of grinding, lapping, and polishing applications
• Resin bond diamond powder is used in various applications containing machining of materials such as glass, tungsten carbide, surface conditioning, and ceramics. It is an ideal synthetic material employed for all phenolic, vitrified, and polyimide bond diamond tools.
• It also offers superior performance while processing hard alloys and various non-metal materials. The exceptional property of multicrystalline diamond powder is its ability to micro-fracture.

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Rise in Demand for Abrasives to Drive the Resin Bond Diamond Powder market

• Resin bond diamond powder is increasingly being used in the manufacture of abrasives which are extensively utilized in automotive, building & construction, metal fabrication, and various manufacturing industries. This is a key factors driving the global resin bond diamond powder market.
• Expansion of the construction industry in emerging economies, such as China, India, and Brazil, owing to an increase in residential construction is expected to boost the global resin bond diamond powder market during the forecast period
• Volatility in prices of raw materials is likely to hamper the global resin bond diamond powder market in the near future
• Supply of raw material utilized to produce resin bond diamond powder is witnessing shortages due to the industrial shutdown triggered due to the COVID 19 outbreak. Disrupted raw material supply is projected to hamper full-scale operations. Supply shortage has also fueled the prices of raw material. Affected downstream supply chain might take longer for deliveries. The industrial shutdown has also adversely impacted product and inventory transportation, as logistic services have been hampered due to the COVID-19 outbreak.

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Coated Type Segment to Offer Lucrative Opportunities

• Based on type, the global resin bond diamond powder market can be segmented into coated type and uncoated type
• The coated segment of the global resin bond diamond powder market is estimated to expand at a rapid pace during the forecast period
• Coated diamond powder is manufactured by advanced compound plating and chemical plating technique. Varieties of coated resin bond diamond powder are used in phenolic and polyimide bonds. Uncoated products are used in hybrid and vitrified bonds.

Tungsten Carbide Segment to Hold Major Share of Market

• Based on application, the resin bond diamond powder market can be divided into tungsten carbide, glass, ceramic, and others
• The tungsten carbide segment holds a major share of the global resin bond diamond powder market, led by a rise in the demand for industrial machinery, drilling & cutting tools, abrasives, and mining tools. Tungsten carbide is also utilized in armor-piercing ammunition.
• The ceramic segment also holds a vital share of the global resin bond diamond powder market

Asia Pacific to Constitute Significant Share of Global Resin Bond Diamond Powder Market

• In terms of region, the global resin bond diamond powder market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is anticipated to hold a significant share of the global resin bond diamond powder market in the near future
• Increasing industrialization and rising demand for industrial machinery in countries in Asia Pacific, such as China and India, is anticipated to drive the resin bond diamond powder market across the region
• Expansion of manufacturing industry and the construction sector in Asia Pacific is likely to boost the resin bond diamond powder market in the region
• North America is also anticipated to hold a key share of the global resin bond diamond powder market during the forecast period
• The market in Latin America and Middle East & Africa is projected to expand at a steady pace during the forecast period due to the stable demand for resin bond diamond powder in the manufacturing industry.

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Key Players in Market

The global resin bond diamond powder market was highly fragmented in 2019. Prominent players operating in the global resin bond diamond powder market seek to enter into partnership agreements for the development of innovative products.

Key players operating in the global resin bond diamond powder market include:

• Saint-Gobain
• L.M. Van Moppes & Sons
• E-Grind Abrasives
• Hyperion
• Advanced Abrasives Corporation
• Gem Diamond Products
• Henan Mochen Superabrasives
• Tomei Diamond
• Changsha Shili Superhard Material
• Henan E-Grind Abrasives Co., Ltd.
• Gem Diamond Products
• Xinren Superabrasives Co., LTD.

Global Resin Bond Diamond Powder Market: Research Scope

Global Resin Bond Diamond Powder Market, by Type

• Coated Type
• Uncoated Type

Global Resin Bond Diamond Powder Market, by Application

• Tungsten Carbide
• Glass
• Ceramic
• Others (precious stones, dies, pellets, etc.)

Global Resin Bond Diamond Powder Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

The sustainability aspects have dramatically changes the raw material sourcing strategies for many businesses in the Resin Bond Diamond Powder market. Players have become more responsible toward reducing or managing the waste, are adopting material informatics equipped with artificial intelligence (AI), and adopting energy-efficient production processes in order to maximize returns on invested capital.

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