Global Superfinishing Stone Market Revenue Will Reach 81.11 Million in 2023

Superfinishing stone, usually made of artificial or natural abrasives and binders, is a type of grinding tool used for superfinishing. It has the characteristics of high hardness, high wear resistance, and high heat resistance, and can provide high-precision machining surfaces and excellent machining performance. Superfinishing stones are widely used in fields such as mechanical manufacturing, aerospace, automotive manufacturing, and electronic manufacturing.
Superfinishing is a machining method for surface finishing and finishing of workpieces. It can reduce the workpiece from the general surface roughness value Ra= 0.2 ~ 0.4μm after grinding to Ra= 0.012 ~ 0.050μm in a very short time. Eliminating defects and metamorphic layers in grinding can increase the service life of the workpiece by several times, making it widely used in the final processing of various materials and precision parts.
The Diamond Segment Market Dominates.
Common superfinishing stones include aluminum, silicon carbide, cubic boron nitride, and diamond. Among them, silicon carbide also includes green silicon carbide (GC) and cubic silicon carbide (SC). Green silicon carbide (GC) is commonly used for superfinishing hard and brittle materials, such as hard alloys, cast iron, non-ferrous metals, glass, and agate; Cubic silicon carbide (SC) has lower brittleness and superior performance compared to silicon carbide and can replace silicon carbide for superfinishing. Artificial diamond (D) is mainly used for processing materials with higher hardness such as hard alloys, glass, ceramics, semiconductors, and stones. Cubic boron carbide (CBN) has lower brittleness than silicon carbide, second only to diamond in hardness, and is relatively sharp. It has low heat generation during superfinishing, high machining efficiency, and long service life of oilstone. It is mainly used for difficult-to-machine materials and is also good for general materials.
According to our research data and calculations, the global market revenue for superfinishing stones is expected to reach $81.11 million in 2023, among which the diamond segment market dominates, with an estimated market share of 49.82%.
Global Superfinishing Stone Market Revenue Statistics and Share Forecast by Type
 Global Superfinishing Stone Market Revenue Statistics and Share Forecast by Type
Source: www.globalmarketmonitor.com
The Market Concentration is Moderate, and the Market Share of Top 3 Enterprises is Less Than 30%.
From the perspective of market competition, the concentration of the global superfinishing stone market is moderate. According to the data, the revenue of the top 3 enterprises of the superfinishing stone market was $20.45 million in 2020, accounting for 29.24% of the market. The total revenue of the top 6 enterprises was $28.85 million, with a total market share of 41.24%. The top three companies in the rankings were Norton, Supfina, and Atlantic. In 2020, these three companies accounted for 12.09%, 9.22%, and 7.92% of the global market revenue for superfinishing stones, respectively.

Global Superfinishing Stone Market Revenue and Share by Enterprise in 2020

Enterprises

Market Revenue(M USD)

Market Share

Norton Abrasives

8.46

12.09%

Supfina

6.45

9.22%

Atlantic

5.54

7.92%

Top3

20.45

29.24%

Top6

28.85

41.24%

Source: www.globalmarketmonitor.com

The Application Prospects of Superfinishing Technology are Broad, Driving the Continuous Expansion of the Superfinishing Stone Market 

Industry 4.0: With the advancement of Industry 4.0, superfinishing will play an important role in intelligent manufacturing. By combining technologies such as robotics, the Internet of Things, big data, and artificial intelligence, highly automated and intelligent manufacturing processes can be achieved, improving production efficiency and product quality.

Electronics industry: In the electronics industry, superfinishing can be used to manufacture high-precision electronic components and circuit boards. The accuracy and surface quality of these components and circuit boards have a significant impact on the performance and lifespan of electronic devices. Through superfinishing, smaller, more precise, and more reliable electronic components and circuit boards can be manufactured.

Aerospace field: Superfinishing has high application value in the aerospace field, as components of equipment such as aircraft and rockets need to have high precision and durability. Through superfinishing, lighter, more durable, and more precise components can be manufactured, thereby improving the performance and safety of aircraft.

Automotive manufacturing: The automotive manufacturing industry is one of the important application fields of superfinishing. The accuracy and surface quality of automotive components have a significant impact on the performance and safety of vehicles. Through superfinishing, lighter, more durable, and more precise components can be manufactured, thereby improving the performance and fuel efficiency of automobiles.

Medical field: In the medical field, superfinishing can be used to manufacture high-precision medical equipment and devices. For example, more precise and reliable artificial joints and implants can be manufactured to improve the treatment effectiveness and quality of life of patients.

In short, with the continuous progress of technology and the continuous expansion of applications, superfinishing technology will continue to integrate new technologies and methods, improve the intelligence and automation of the manufacturing process, and have a very broad application prospect, which will drive the continuous expansion of the stone market for superfinishing.

For more information, please click: 《China Superfinishing Stones Industry Market Research Report 2023-2029》。

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