TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
Click for best price
| Market size in 2024 | US$ 3.45 billion |
Forecast Market size by 2030 | US$ 5.23 billion |
|---|---|---|---|
| Growth Rate | CAGR of 7.2% | Number of Pages | 137 Pages |
The global CBN Abrasive market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 5.23 billion by 2030, at a CAGR of 7.2% during the forecast period 2024-2030.
The United States CBN Abrasive market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 1.34 billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.
CBN Abrasives are superhard materials second only to diamond, used in high-precision grinding applications.
The global market is experiencing robust growth, driven by precision manufacturing demands. In 2023, production reached 85,000 metric tons globally, with automotive sector accounting for 40% of consumption. The market saw a 35% increase in high-precision grade adoption in 2023. Vitrified CBN dominates with a 55% market share, while electroplated CBN is growing at 10% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 8.0% CAGR. The industry is focusing on developing advanced bonding technologies, with a 40% growth in R&D investments for performance enhancement.
Report Overview
Cubic Boron Nitride Abrasive, also known as CBN Abrasive, refers to an abrasive material made from cubic boron nitride crystals.
This report provides a deep insight into the global Cubic Boron Nitride Abrasive market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cubic Boron Nitride Abrasive Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cubic Boron Nitride Abrasive market in any manner.
Global Cubic Boron Nitride Abrasive Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Element Six
Momentive
ILJIN
Saint-Gobain
Sumitomo Electric Industries
Sandvik Hyperion
Tomei Diamond
FUNIK
Zhengzhou Zhongnan Jete Superabrasives
Famous Diamond
Besco Superabrasives
Berlt Hard Material
Zhengzhou Zhong peng
Henan Huanghe Whirlwind
Yuzhou Hehui Superhard Material Company
Market Segmentation (by Type)
CBN Monocrystalline
CBN Micro Mist
Market Segmentation (by Application)
Automotive
Machinery
Metal Fabrication
Electronics
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Cubic Boron Nitride Abrasive Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 3.45 billion |
| Forecast Market size by 2030 | US$ 5.23 billion |
| Growth Rate | CAGR of 7.2% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 137 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Frequently Asked Questions ?
