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Published Date: 2017-04-12Number of Pages: 155

Cubic Boron Nitrates Market (Product - Inserts, Wheels, Mesh, and Powder; Application - Raw Abrasives, Coatings, Cutting & Grinding, and Lapping & Polishing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Cubic Boron nitrates Market: Snapshot

The advantages provided by cubic boron nitrates abrasive tools over the tools made of diamond have surfaced as the key factor behind the substantial growth of the global cubic boron nitrates market. Although diamond is the hardest material used for industrial operations, such as turning, cutting, drilling, boring, and grinding, it has several technological limitations. Cubic boron nitrates, on the other hand, can overcome the issues faced by diamond and maintain its hardness at room temperature as well as over a wide range of temperatures, making them sturdy and more dependable.

With the increasing demand for cubic boron nitrates across the world, the opportunity in this market is estimated to rise at a CAGR of 7.10% from 2016 and 2024, increasing from US$531.3 mn in 2015 to US$978.9 mn by the end 2024. Although the market looks promising at present, the expensive production process may create obstacles in the growth trajectory of this market in the years to come.

cubic boron nitride market

Demand for Inserts to Remain Strong

Inserts, wheels, mesh, and powder are the main products available in the global market for cubic boron nitrates. Among these, the demand for inserts is higher than others and is anticipated to remain so over the next few years. The increasing application of inserts in the metal processing industry, owing to the rising requirement of processes, such as cutting, grinding, and finishing for products in the automotive, medical, and the aerospace sectors is expected to boost the demand for inserts across the world in the near future.

As a result of the increasing utilization of inserts in cutting and grinding applications, the demand for wheels is likely to decline noticeably over the next few years. Among applications, the demand for cubic boron nitrates products is significantly high in the cutting and grinding segment.

Asia Pacific to Remain on Top

Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific are the key geographical segments of the global market for cubic boron nitrates. Asia Pacific led this market in 2015 with a share of 35%. Analysts expect this regional market to remain leading over the next few years, thanks to the presence of a large number of market players and the extensive demand for cubic boron nitrates in various Asian economies, China, India, and Japan. The significant growth in the automotive, medical, and the aerospace industries observed in developing countries will also support the Asia Pacific market for cubic boron nitrates in the years to come.

Among other regional markets, Europe is likely to remain witnessing a steady rise, whereas, Latin America and the Middle East and Africa are expected to experience moderate growth due to the dearth of manufacturing facilities and their export-oriented economies over the forthcoming years.

With the presence of a large pool of players, the global cubic boron nitrates market displays a competitive landscape. REX-LEE, FUNIK Ultrahard Material Co. Ltd., Sumitomo Electric Industries Ltd., Sumitomo Electric Hardmetal Corp., ILJIN Diamond Co. Ltd., Asahi Diamond Industrial Co. Ltd., Tomei Diamond Co. Ltd., SHOWA DENKO K.K., Reishauer AG, Baltic Abrasive Technologies, Element Six, NanoDiamond Products, Sandvik AB, Advanced Abrasives Corp., Saint-Gobain, and 3M are some of the leading players in the worldwide market for cubic boron nitrates.

 

1. Preface
    1.1.Report Scope and Market Segmentation
    1.2.Research Highlights

2. Assumptions and Research Methodology
    2.1.Report Assumptions
    2.2.Secondary Sources and Acronyms Used
    2.3.Research Methodology

3. Executive Summary
    3.1.Market Snapshot
    3.2.Top Trends

4. Market Overview
    4.1.Product Overview
    4.2.Market Indicators

5. Market Dynamics
    5.1.Drivers and Restraints Snapshot Analysis
          5.1.1.Drivers
          5.1.2.Restraints
          5.1.3.Opportunities
    5.2.Global Cubic Boron Nitrates Market Analysis and Forecast
    5.3.Porter’s Analysis
          5.3.1.Threat of Substitutes
          5.3.2.Bargaining Power of Buyers
          5.3.3.Bargaining Power of Suppliers
          5.3.4.Threat of New Entrants
          5.3.5.Degree of Competition
    5.4.Value Chain Analysis
    5.5.Product to Application Comparison Matrix
    5.6.Global Cubic Boron Nitrates Market Outlook, 2015

6. Cubic Boron Nitrates Market Analysis, by Product
    6.1.Introduction
    6.2.Key Findings
    6.3.Global Cubic Boron Nitrates Market Volume Share Analysis, by Product
    6.4.Global Cubic Boron Nitrates Market Forecast and Analysis, By Product
          6.4.1.Inserts
          6.4.2.Wheels
          6.4.3.Mesh
          6.4.4.Powder
    6.5.Global Cubic Boron Nitrates Market Attractiveness Analysis, by Product
    6.6.Key Trends

7. Cubic Boron Nitrates Market Analysis, by Application
    7.1.Introduction
    7.2.Key Findings
    7.3.Global Cubic Boron Nitrates Market Value Share Analysis, by Application
    7.4.Global Cubic Boron Nitrates Market Forecast and Analysis, by Application
          7.4.1.Raw Abrasives
          7.4.2.Coatings
          7.4.3.Cutting & Grinding
          7.4.4.Lapping & Polishing
          7.4.5.Others
    7.5.Global Cubic Boron Nitrates Market Attractiveness Analysis, by Application
    7.6.Key Trends

8. Global Cubic Boron Nitrates Market Analysis by Region
    8.1.Global Market Size Growth Scenario, by Region, 2015
    8.2.Key Findings
    8.3.Global Cubic Boron Nitrates Market Value Share Analysis, by Region
    8.4.Global Cubic Boron Nitrates Market Forecast, by Region
          8.4.1.North America
          8.4.2.Latin America
          8.4.3.Europe
          8.4.4.Asia Pacific
          8.4.5.Middle East and Africa
    8.5.Global Cubic Boron Nitrates Market Attractiveness Analysis, by Region
    8.6.Key Trends

9. North America Cubic Boron Nitrates Market Analysis
    9.1.Key Findings
    9.2.North America Cubic Boron Nitrates Market Overview
    9.3.North America Cubic Boron Nitrates Market Volume Share Analysis, by Product
    9.4.North America Cubic Boron Nitrates Market Forecast, by Product
    9.5.North America Cubic Boron Nitrates Market Value Share Analysis, by Application
    9.6.North America Cubic Boron Nitrates Market Forecast, by Application
    9.7.North America Cubic Boron Nitrates Market Value Share Analysis, by Country
    9.8.North America Cubic Boron Nitrates Market Forecast, by Country
          9.8.1.U.S.
          9.8.2.Canada
    9.9.North America Cubic Boron Nitrates Market Attractiveness Analysis

10. Latin America Cubic Boron Nitrates Market Analysis
    10.1. Key Findings
    10.2. Latin America Cubic Boron Nitrates Market Overview
    10.3. Latin America Cubic Boron Nitrates Market Volume Share Analysis, by Product
    10.4. Latin America Cubic Boron Nitrates Market Forecast, by Product
    10.5. Latin America Cubic Boron Nitrates Market Value Share Analysis, by Application
    10.6. Latin America Cubic Boron Nitrates Market Forecast, by Application
    10.7. Latin America Cubic Boron Nitrates Market Value Share Analysis, by Country
    10.8. Latin America Cubic Boron Nitrates Market Forecast, by Country
          10.8.1.Brazil
          10.8.2.Mexico
          10.8.3.Rest of Latin America
    10.9. Latin America Cubic Boron Nitrates Market Attractiveness Analysis 

11. Europe Cubic Boron Nitrates Market Analysis
    11.1. Key Findings
    11.2. Europe Cubic Boron Nitrates Market Overview
    11.3. Europe Cubic Boron Nitrates Market Volume Share Analysis, by Product
    11.4. Europe Cubic Boron Nitrates Market Forecast, by Product
    11.5. Europe Cubic Boron Nitrates Market Value Share Analysis, by Application
    11.6. Europe Cubic Boron Nitrates Market Forecast, by Application
    11.7. Europe Cubic Boron Nitrates Market Value Share Analysis, by Country
    11.8. Europe Cubic Boron Nitrates Market Forecast, by Country
          11.8.1.Germany
          11.8.2.France
          11.8.3.U.K.
          11.8.4.Spain
          11.8.5.Italy
          11.8.6.Rest of Europe
    11.9. Europe Cubic Boron Nitrates Market Attractiveness Analysis

12. Asia Pacific Cubic Boron Nitrates Market Analysis
    12.1. Key Findings
    12.2. Asia Pacific Cubic Boron Nitrates Market Overview
    12.3. Asia Pacific Cubic Boron Nitrates Market Volume Share Analysis, by Product
    12.4. Asia Pacific Cubic Boron Nitrates Market Forecast, by Product
    12.5. Asia Pacific Cubic Boron Nitrates Market Value Share Analysis, by Application
    12.6. Asia Pacific Cubic Boron Nitrates Market Forecast, by Application
    12.7. Asia Pacific Cubic Boron Nitrates Market Value Share Analysis, by Country
    12.8. Asia Pacific Cubic Boron Nitrates Market Forecast, by Country
          12.8.1.China
          12.8.2.Japan
          12.8.3.India
          12.8.4.ASEAN
          12.8.5.Rest of Asia Pacific
    12.9. Asia Pacific Cubic Boron Nitrates Market Attractiveness Analysis

13. Middle East and Africa Cubic Boron Nitrates Market Analysis
    13.1. Key Findings
    13.2. Middle East and Africa Cubic Boron Nitrates Market Overview
    13.3. Middle East and Africa Cubic Boron Nitrates Market Volume Share Analysis, by Product
    13.4. Middle East and Africa Cubic Boron Nitrates Market Forecast, by Product
    13.5. Middle East and Africa Cubic Boron Nitrates Market Value Share Analysis, by Application
    13.6. Middle East and Africa Cubic Boron Nitrates Market Forecast, by Application
    13.7. Middle East and Africa Cubic Boron Nitrates Market Value Share Analysis, by Country
    13.8. Middle East and Africa Cubic Boron Nitrates Market Forecast, by Country
          13.8.1.GCC
          13.8.2.South Africa
          13.8.3.Rest of MEA
    13.9. Middle East and Africa Cubic Boron Nitrates Market Attractiveness Analysis

14. Competition Landscape
    14.1.Global Cubic Boron Nitrates Market Share Analysis, by Company (2015)
    14.2.Company Competition Matrix
    14.3.Company Profiles
          14.3.1. 3M
                    14.3.1.1.Company Description
                    14.3.1.2.Business Overview
          14.3.2. Saint-Gobain
                    14.3.2.1.Company Description
                    14.3.2.2.Business Overview
                    14.3.2.3.SWOT Analysis
                    14.3.2.4.Strategic Overview
          14.3.3. Advanced Abrasives Corporation
                    14.3.3.1.Company Description
                    14.3.3.2.Business Overview
          14.3.4. Sandvik AB
                    14.3.4.1.Company Description
                    14.3.4.2.Business Overview
          14.3.5. NanoDiamond Products
                    14.3.5.1.Company Description
                    14.3.5.2.Business Overview
          14.3.6. Element Six
                    14.3.6.1.Company Description
                    14.3.6.2.Business Overview
                    14.3.6.3.SWOT Analysis
                    14.3.6.4.Strategic Overview
          14.3.7. Baltic Abrasive Technologies
                    14.3.7.1.Company Description
                    14.3.7.2.Business Overview
          14.3.8. Reishauer AG
                    14.3.8.1.Company Description
                    14.3.8.2.Business Overview
          14.3.9. SHOWA DENKO K.K.
                    14.3.9.1.Company Description
                    14.3.9.2.Business Overview
                    14.3.9.3.SWOT Analysis
                    14.3.9.4.Strategic Overview
          14.3.10. Tomei Diamond Co., Ltd.
                    14.3.10.1.Company Description
                    14.3.10.2.Business Overview
          14.3.11. Asahi Diamond Industrial Co. Ltd.
                    14.3.11.1.Company Description
                    14.3.11.2.Business Overview
                    14.3.11.3.SWOT Analysis
                    14.3.11.4.Strategic Overview
          14.3.12. ILJIN DIAMOND CO. LTD.
                    14.3.12.1.Company Description
                    14.3.12.2.Business Overview
          14.3.13. Sumitomo Electric Hardmetal Corporation
                    14.3.13.1.Company Description
                    14.3.13.2.Business Overview
          14.3.14. Sumitomo Electric Industries, Ltd.
                    14.3.14.1.Company Description
                    14.3.14.2.Business Overview
                    14.3.14.3.SWOT Analysis
                    14.3.14.4.Strategic Overview
          14.3.15. FUNIK Ultrahard Material Co. Ltd.
                    14.3.15.1.Company Description
                    14.3.15.2.Business Overview
          14.3.16. REX-LEE
                    14.3.16.1.Company Description
                    14.3.16.2.Business Overview

15. Key Takeaways

List of Figures

Figure 01: Market Snapshot
Figure 02: Global Cubic Boron Nitrates Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 03: Global Cubic Boron Nitrates Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 04: Global Cubic Boron Nitrates Market Volume Share, by Product, 2015
Figure 05: Global Cubic Boron Nitrates Market Value Share, by Application, 2015
Figure 06: Global Cubic Boron Nitrates Market Volume Share, by Region, 2015
Figure 07: Global Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 08: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Inserts, 2015–2024
Figure 09: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Wheels, 2015–2024
Figure 10: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Mesh, 2015–2024
Figure 11: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Powder, 2015–2024
Figure 12: Global Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 13: Global Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 14: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Raw Abrasives, 2015–2024
Figure 15: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Coatings, 2015–2024
Figure 16: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Cutting & Grinding, 2015–2024
Figure 17: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Lapping & Polishing, 2015–2024
Figure 18: Global Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Analysis, by Others, 2015–2024
Figure 19: Global Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 20: Global Cubic Boron Nitrates Market Value Share Analysis, by Region, 2015 and 2024
Figure 21: Global Cubic Boron Nitrates Market Attractiveness Analysis, by  Region
Figure 22: North America Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 23: North America Cubic Boron Nitrates Market Attractiveness Analysis, by Country
Figure 24: North America Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 25: North America Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 26: North America Cubic Boron Nitrates Market Value Share Analysis, by Country, 2015 and 2024
Figure 27: North America Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 28: North America Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 29: Latin America Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 30: Latin America Cubic Boron Nitrates Market Attractiveness Analysis, by Country
Figure 31: Latin America Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 32: Latin America Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 33: Latin America Cubic Boron Nitrates Market Value Share Analysis, by Country, 2015 and 2024
Figure 34: Latin America Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 35: Latin America Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 36: Europe Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 37: Europe Cubic Boron Nitrates Market Attractiveness Analysis, by Country
Figure 38: Europe Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 39: Europe Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 40: Europe Cubic Boron Nitrates Market Value Share Analysis, by Country, 2015 and 2024
Figure 41: Europe Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 42: Europe Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 43: Asia Pacific Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 44: Asia Pacific Cubic Boron Nitrates Market Attractiveness Analysis, by Country
Figure 45: Asia Pacific Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 46: Asia Pacific Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 47: Asia Pacific Cubic Boron Nitrates Market Value Share Analysis, by Country, 2015 and 2024
Figure 48: Asia Pacific Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 49: Asia Pacific Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 50: Middle East & Africa Cubic Boron Nitrates Market Revenue (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 51: Middle East & Africa Cubic Boron Nitrates Market Attractiveness Analysis, by Country
Figure 52: Middle East & Africa Cubic Boron Nitrates Market Volume Share Analysis, by Product, 2015 and 2024
Figure 53: Middle East & Africa Cubic Boron Nitrates Market Value Share Analysis, by Application, 2015 and 2024
Figure 54: Middle East & Africa Cubic Boron Nitrates Market Value Share Analysis, by Country, 2015 and 2024
Figure 55: Middle East & Africa Cubic Boron Nitrates Market Attractiveness Analysis, by Product
Figure 56: Middle East & Africa Cubic Boron Nitrates Market Attractiveness Analysis, by Application
Figure 57: Global Cubic Boron Nitrates Market Share Analysis, by Company (2015)

List of Tables

Table 01: Global Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 02: Global Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 03: Global Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Region, 2015–2024
Table 04: North America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 05: North America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 06: North America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 07: Latin America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 08: Latin America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 09: Latin America Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 10: Europe Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 11: Europe Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 12a: Europe Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 12b: Europe Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 13: Asia Pacific Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 14: Asia Pacific Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 15: Asia Pacific Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 16: Middle East & Africa Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 17: Middle East & Africa Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 18: Middle East & Africa Cubic Boron Nitrates Market Volume (Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024

Global Cubic Boron Nitrates Market: Overview

Cubic boron nitrates (CBN) is a synthetically manufactured material, which is second to only diamond in hardness. One of its common synthesis processes is direct conversion of hexagonal boron nitride to CBN by treating at high pressure and temperature. CBN abrasives possess characteristics that exceed the values of conventional abrasives; for example, high strength and hardness, resistance to chemicals, heat, and abrasion; and ability to maintain the sharp cutting edges during use.

The report estimates and forecasts the cubic boron nitrates market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the cubic boron nitride market along with their impact on demand during the forecast period.  The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the cubic boron nitride market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of cubic boron nitride and global average price trend analysis.

The report includes Porter’s Five Forces Model to determine the degree of competition in the cubic boron nitrates market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for cubic boron nitride between 2016 and 2024.

Global Cubic Boron Nitrates Market: Segmentation

The study provides a comprehensive view of the cubic boron nitrates market by dividing it into product, application and geography segments. The products have been segmented into inserts, wheels, mesh and powder. The applications are segmented into raw abrasives, coatings, cutting & grinding, lapping & polishing, and others. These segments have been analyzed based on historic, present, and future trends. Regional segmentation includes the current and forecast consumption of cubic boron nitride in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually.

The product segment includes compounds of strontium such as inserts, wheels, mesh, and powder. Inserts are widely and predominantly used in cutting and grinding processes. Their shape, size, and content of CBN is determined by the processes in which they are expected to be employed. Powder is used as a raw material for manufacturing bonded abrasives, coated abrasives, polishes, cleaners, abrasive tools, grinding pastes, and other abrasive products. The application segment includes raw abrasives, coatings, cutting & grinding, lapping & polishing, and others. CBN is an extremely hard material and hence widely used as an abrasive, specifically in high-temperature applications. It is also widely used to coat a grinding wheel for fine grinding and lapping applications. Since the cutting and grinding of hardened and carbide steel is difficult, CBN powder or mesh, in the form of a coated surface over a grinding or polishing wheel, is used to perform finishing processes such as polishing, grinding, and lapping.

CBN is a synthetic material produced by treating hexagonal boron nitrates (hBN) at high pressure and temperature. This process is similar to the production of synthetic diamond from graphite. The pressure range required for the process is high; however, this range can lowered by addition of boron oxide during the reaction. Sometimes, catalysts such as lithium, potassium, or magnesium and their nitrides and/or fluoronitrides are also required. To avoid growth of hexagonal phases or structures during explosive shock wave method or crystal growth in a temperature gradient method, boron trifluoride is added. These factors make the CBN manufacturing process expensive, which can act as a restraint to the market. Use of CBN has been increasingly recognized in ‘tool and cutter’ grinding applications as well as mass production grinding operations carried out in industries such as automotive, general engineering, and aerospace. CBN tools are more advantageous in comparison to traditional abrasives, which acts as a driver for the CBN market.

Global Cubic Boron Nitrates Market: Research Methodology

Secondary research sources that were typically referred to include, but were not limited to, European Powder Metallurgy Association (EPMA), Metal Finishing News (MFN), Unified Abrasives Manufacturers' Association (UAMA), Federation of the European Producers of Abrasives (FEPA), company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Global Cubic Boron Nitrates Market: Competitive Analysis

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include 3M, Saint-Gobain, Element Six, NanoDiamond Products, Sandvik AB, Tomei Diamond Co. Ltd., Show Denko K.K., ILJIN Diamond Co. Ltd., and Asahi Diamond Industrial Co. Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global cubic boron nitrates market has been segmented as follows:

By Product

  • Inserts
  • Wheels
  • Mesh
  • Powder

By Application

  • Raw Abrasives
  • Coatings
  • Cutting & Grinding
  • Lapping & Polishing
  • Others

By Region

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


 
 
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