Report estimates and forecasts the cubic boron nitride 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.
Albany, NY -- (SBWIRE) -- 05/12/2017 -- CBN (Cubic Boron Nitride) is an extremely hard material with wide use as an abrasive, specifically in high-temperature applications that are the main driving force towards its market growth on the global and regional basis. For more detailed analysis of the CBN market, Market Research Hub (MRH) has added an intelligent report titled as "Cubic Boron Nitride Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024" to its vast report repository. This research study is a detailed analysis of the CBN industry by various factors such as size, share, growth, trend and also provides a forecast between 2016 and 2024 for volume (tons) and revenue (US$ Mn) with 2015 as the base year. As per the key findings, the market is expected to expand at a CAGR of 7.10% over the period from 2016 and 2024, the opportunity in this market is likely to rise to US$978.9 mn by the end of the forecast period.
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Cubic boron nitride (CBN) is a synthetically manufactured material, which is second to only diamond in hardness. One of its common synthesis processes is a 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 starts with the scope and various segmentation by product, application, and geography. The products have been segmented into inserts, wheels, mesh and powder. Moreover, as per the applications, the report is segmented into raw abrasives, cutting & grinding, coatings, lapping & polishing, and others. Regional segmentation includes the current and forecast consumption of cubic boron nitride for the regions including North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa (MEA).
Further, on the competition landscape, the major global cubic boron nitride market is analyzed by company which covers 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. the company profiles include attributes such as company overview, the number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
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The research methodology for the provided detail report includes various research such as 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 reliable sources that have been referred for the report includes internal and external proprietary & statistical databases and market reports, national government documents, news articles, and webcasts specific to companies operating in the market.
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