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Download Free sampleThe global Diamond Tools market was valued at 12.63 Million USD in 2021 and will grow with a CAGR of 2.5% from 2021 to 2027, based on Research newly published report.
The prime objective of Diamond Tools Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Diamond Tools Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Diamond tools are cutting tool with diamond grains fixed on the functional parts of the tool via a bonding material or another method. Diamond tools have unique advantage, such as high hardness, heat resistance, cutting edge sharpness, good thermal conductivity, etc. It is widely used in stone processing industry, transportation industry, geological prospecting industry, machining, etc.Diamond tools is the best hardness materials processing tools, which has the unique advantage (good processing quality, high efficiency). It can significantly reduce processing costs and improve working conditions. So, it is widely used in stone processing industry, transportation industry, geological prospecting industry and machining. Stone processing industry is its largest downstream market, which take up 30.87% of the consumption in 2016 At present, the production of diamond tools is distributed in United States, Europe, China, Japan and South Korea. China is the largest production country of diamond tools in the world in the past few years and it will keep the same position in the next few years. The diamond tools market concentration is not high. The China market will take up about 28.68% in the global production market in 2016. Asahi Diamond Industrial, Husqvarna AB, Tyrolit, ICS, Blount amd Ehwa are the key suppliers in the global diamond tools. The market of diamond tools is dispersed. So, top five company production will take up about 7.98% of the global market in 2016.
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