The Global Cermet Market was valued at USD 844.1 Million in 2023 and is projected to reach USD 1297.6 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This robust growth is fueled by expanding demand from the aerospace, automotive machining, and industrial manufacturing sectors, alongside advancements in material science that enhance the performance and durability of these ceramic-metal composite materials.

As industries worldwide push for greater precision, efficiency, and tool longevity, the role of high-performance cermets becomes increasingly critical. These materials, known for their exceptional hardness, wear resistance, and thermal stability, are the backbone of modern cutting tools, wear parts, and specialized components. In this blog, we profile the Top 10 Companies in the Cermet Industry—a collection of global material science leaders and specialized manufacturers who are defining the cutting edge of this essential market.

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🔟 1. Mitsubishi Materials Corporation

Headquarters: Tokyo, Japan
Key Offering: Cermet Inserts, End Mills, Cutting Tools

Mitsubishi Materials is a global powerhouse in cutting tools and advanced materials. The company’s cermet product line is renowned for its superior performance in high-speed, high-precision finishing operations, particularly in the automotive and die/mold industries. Their R&D focus is on developing grades that offer enhanced toughness and crater wear resistance.

Innovation Focus:

• Development of nano-grade cermets for ultra-precise machining

• Expansion of cermet applications in difficult-to-machine materials

• Global production network ensuring supply chain resilience

Download FREE Sample Report: Cermet Market – View in Detailed Research Report

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9️⃣ 2. Sandvik AB

Headquarters: Stockholm, Sweden
Key Offering: CoroMill® cermet inserts, Grade Series (e.g., CT5015, CT525)

Through its Sandvik Coromant brand, Sandvik AB is a world leader in metal cutting tools and tooling solutions. The company offers a comprehensive range of cermet grades designed for stable finishing and high-speed machining of steels, cast iron, and heat-resistant alloys. Their products are critical in aerospace and precision engineering applications.

Innovation Focus:

• Proprietary TiCN-Ni/Mo cermet compositions

• Integrated digital tool management and machining advisory services

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8️⃣ 3. Kennametal Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Kenloc® Cermet Inserts, Beyond™ Cermet Grades

Kennametal is a prominent global supplier of tooling and engineered components. Its cermet offerings are known for excellent wear resistance and consistent performance in finishing and semi-finishing operations. The company serves a broad base of customers in the transportation and general engineering sectors.

Innovation Focus:

• Advanced coating technologies to extend cermet tool life

• Focus on sustainability through long-lasting tool solutions that reduce waste

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7️⃣ 4. Sumitomo Electric Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: SumiCEM cermet inserts, AC7000/8000 Series

Sumitomo Electric is a diversified technology company with a strong presence in hardmetal and cermet cutting tools. Their cermet products are engineered for high-precision machining, offering excellent surface finish qualities and thermal deformation resistance, making them ideal for the electronics and medical device manufacturing industries.

Innovation Focus:

• Development of cermet grades for micromachining applications

• Strong R&D in powder metallurgy and sintering processes

Download FREE Sample Report: Cermet Market – View in Detailed Research Report

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6️⃣ 5. Kyocera Corporation

Headquarters: Kyoto, Japan
Key Offering: Cermet Cutting Tools, Indexable Inserts, Wear Parts

Leveraging its deep expertise in ceramics, Kyocera has become a significant player in the cermet market. The company produces a wide array of cermet tools known for their chemical stability and resistance to built-up edge, which is crucial for machining sticky materials like aluminum alloys and stainless steel.

Innovation Focus:

• Integration of ceramic and cermet technologies for hybrid solutions

• Expansion into additive manufacturing with cermet materials

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5️⃣ 6. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: Cermet Inserts, Tool Blanks, Specialty Alloys

Hitachi Metals offers high-performance cermet cutting tools under its established brands. The company’s products are designed to deliver exceptional performance in high-speed finishing, providing superior surface quality and dimensional accuracy for demanding applications in the automotive and industrial machinery sectors.

Innovation Focus:

• Focus on high-temperature strength and oxidation resistance

• Strategic partnerships with global automotive OEMs

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4️⃣ 7. Ceratizit S.A.

Headquarters: Mamer, Luxembourg
Key Offering: Cermet Grades (e.g., CTX, CTP), Custom Engineered Solutions

Ceratizit is a leading specialist in hard materials, including cemented carbides and cermets. The company provides innovative cermet solutions for machining, wear protection, and forming tools. Their strong focus on customer-specific solutions makes them a key partner for specialized industrial applications.

Innovation Focus:

• Development of submicron and nanostructured cermets

• Leadership in recyclable and sustainable hard material solutions

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3️⃣ 8. IGC Advanced Superabrasives (ILJIN Global Company)

Headquarters: Ansan, South Korea
Key Offering: Cermet Bonded Grinding Wheels, Superabrasive Tools

While known for superabrasives, IGC is a significant force in cermet-bonded tools used for precision grinding. Their products are essential in applications requiring high material removal rates and extreme precision, such as in the bearing and gear manufacturing industries.

Innovation Focus:

• Cermet bonds for diamond and CBN grinding wheels

• R&D focused on thermal management in high-speed grinding

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2️⃣ 9. Shanghai Freely International Trade Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Cermet Inserts, Tool Holders, CNC Tooling Systems

As a major supplier in the Asian market, Shanghai Freely provides a wide range of cost-effective cermet cutting tools. The company plays a crucial role in serving the vast manufacturing base in China and surrounding regions, offering solutions for general machining and specific industrial needs.

Innovation Focus:

• Focus on expanding product portfolio to meet diverse regional demands

• Enhancing distribution and supply chain logistics

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1️⃣ 10. Fuji Die Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Precision Cermet Tools, Dies, and Punches

Fuji Die specializes in the manufacture of high-precision cermet tools, particularly for the electronics and connector industries. Their expertise lies in producing miniature and ultra-precise cermet components that are essential for the production of small, complex parts with tight tolerances.

Innovation Focus:

• Micron-level precision in cermet tool manufacturing

• Specialization in tools for the growing electronics sector

Get Full Report Here: Cermet Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cermet Is Smarter and More Specialized

The cermet market is undergoing a significant transformation driven by the demands of modern manufacturing. While traditional cermet grades continue to be vital for standard machining operations, the future lies in advanced, application-specific formulations that push the boundaries of performance.

📈 Key Trends Shaping the Market:

• Rising adoption of cermets in additive manufacturing (3D printing) for creating complex, wear-resistant components

• Development of nano-composite cermets with significantly enhanced toughness and hardness

• Increasing demand from the renewable energy sector for durable components in wind turbines and other equipment

• Integration of IoT and data analytics for predictive tool life management and optimized machining parameters

Get Full Report Here: Cermet Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s industries—they are actively engineering the future of manufacturing with smarter, stronger, and more sustainable cermet solutions.