• The global PCD and PCBN tool material market was valued at US$ 301.65 million in 2024 and is expected to reach US$ 434.28 million by 2031, growing at a CAGR of 5.59% from 2025 to 2031.
• North America: Estimated to grow from $61.35 million in 2024 to $83.17 million by 2031 at a CAGR of 4.70%.
• Asia-Pacific: Expected to rise from $123.53 million in 2024 to $187.05 million by 2031 at a CAGR of 6.39%.
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• The PCD (Polycrystalline Diamond) and PCBN (Polycrystalline Cubic Boron Nitride) tool material market consists of advanced cutting tools made from superhard materials. PCD tools are known for their exceptional hardness, wear resistance, and precision, making them ideal for machining non-ferrous metals, composites, and abrasive materials. PCBN tools, on the other hand, are primarily used for machining ferrous materials, offering high heat resistance and durability in extreme cutting conditions. These materials are extensively used in automotive, aerospace, electronics, and semiconductor industries.
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