Cubic Boron Nitrates Market
Cubic Boron Nitrates Market Analysis By Product (Inserts, Wheels, Mesh, Powder), By Application (Raw Abrasives, Coatings, Cutting & Grinding, Lapping & Polishing) & By Region (North America, Latin America, Europe) - Global Market Insights 2023 to 2033
Analysis of Cubic Boron Nitrates Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cubic Boron Nitrates Market Outlook (2023 to 2033)
The global cubic boron nitrates market is valued at US$ 950 million in 2023 and is expected to end up at a valuation of US$ 2 billion by 2033, expanding at a CAGR of 7.7% during the forecast period (2023 to 2033).
Boron is a precious element that can be found in compounds like borates. Boron is a non-metallic element that can be extracted into pure crystalline boron, which is black in color and conducts electricity at high temperatures while acting as an insulator at low temperatures.
It is as hard as carborundum but too fragile for tool usage. Boron is employed in agriculture, medicine, and industrial applications.
One of the notable compounds of boron is cubic boron nitrates (CBN). Cubic boron nitrates are synthetic abrasive materials composed of cubic boron nitride grains bonded in ceramic material. Cubic boron nitrates are an allotropic crystal of boron nitride (B4N) with a hexagonal structure.
Abrasive materials are made from various minerals found in nature. The most frequent minerals used in the manufacture of grinding wheels, sandpapers, cutting tools, and other abrasive items are alumina, silica, and silicon carbide. Abrasive particles are made from a variety of synthetic materials. Synthetic abrasives and their applications can be divided into three categories.
The first category consists of silicon carbide (SiC) and silicon dioxide (SiO2), which are mostly employed in the manufacture of cutting papers and wheels. The second category is the fused aluminum oxide (Al2O3) group which is made up mostly of calcined bauxite raw material at 950 °C after eliminating the free capillary. The third category includes tough materials like diamond and cubic boron nitrates.
Cubic boron nitrates can be employed as a substitute for diamonds to cut ultra-hard materials. Cubic boron nitrates have emerged as the most promising tool after diamonds; they have a similar crystal structure to diamonds and are the second-hardest substance known after diamonds. They are made from hBN (hexagonal boron nitride) in conditions similar to those used to make a synthetic diamond from graphite.
Due to their greater thermal stability and chemical inertness, cubic boron nitrates are increasingly employed as a cutting and drilling tool in place of diamond-based tools. They are notably useful for processing hard ferrous minerals, which diamonds cannot process since they react with these compounds at high temperatures.
Cubic boron nitrates exhibit outstanding thermal conductivity, strong chemical stability, and high stiffness at high and moderate temperatures. The benefits of cubic boron nitrates abrasive tools over diamond tools are the key reason driving the growth of the market for cubic boron nitrates.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 950 Million |
| Projected Market Value (2033) | US$ 2 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.7% CAGR |
| Asia Pacific Market Share (2022) | 38% |
| Inserts Segment Growth Rate (2023 to 2033) | 6.1% CAGR |
| Key Companies Profiled | 3M Company; Funik Ultrahard Material Co., Ltd; Advanced Abrasives Corporation; Reishauer AG; Asahi Diamond Industrial Co., Ltd; Saint-Gobain Surface Conditioning; Baltic Abrasive Technologies; Element Six (UK) Ltd; Showa Denko K.K; ILJIN Diamond Co., Ltd; NanoDiamond Products DAC |
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Why are Cubic Boron Nitrates in Great Demand?
“Market Players Benefiting from Advancements in Nanotechnologies”
Cubic boron nitrates have enormous promise in materials science. Industries armed with nanotechnologies can use cubic boron nitrates in a variety of applications.
Demand for cubic boron nitrates is driven by constant developments in material processing and greater knowledge of computed characteristics. They have qualities similar to diamonds but with superior machinability. As a result, cubic boron nitrates are becoming more prevalent in metal processing technologies including cutting and grinding.
Applications are projected to remain consistent over the next several years, supporting the sales growth of cubic boron nitrates. Due to their stability at high temperatures, cubic boron nitrates have demonstrated remarkable value in aerospace applications. They are specifically utilized to improve output performance and thermal stability. Moreover, growing efforts to modify the properties, in particular, have cleared the path for the possibility of a few unique applications.
One example is the usage of cubic boron nitrates to suit the function of materials in deep space applications that can survive a broad temperature range of 100 to +130 C. Current research and development in these fields are improving the market opportunities for cubic boron nitrate suppliers.
“Increasing Usage of CBNs in Electronics Industry”
Aside from their mechanical qualities, the electronic properties of cubic boron nitrates have received considerable attention.
Cubic boron nitrates are the lightest III-V semiconductor. Due to their large band gap, cubic boron nitrates are used as a good insulator. Along with a large band gap, cubic boron nitrates have excellent thermal conductivity, allowing them to be employed as a heat sink in microwave devices, semiconductor lasers, and LEDs across a broad spectrum. Cubic boron nitrates products are often coated with group VIII metals or aluminum for use as heat sinks.
By doping with beryllium and silicone, cubic boron nitrates can also be used to make p- and n-type semiconductors. These semiconductors are used to create p-n junction diodes that can operate at extremely high temperatures. These junctions are employed in a variety of applications, such as UV sensors.
Electronic applications of cubic boron nitrates are still in their early stages; however, additional advancements in material technology and application techniques are projected to increase the share of cubic boron nitrates in the electronics industry.
Moreover, cubic boron nitrates could be a viable solution to electronic devices' severe need for smaller, thermally conductive, and insulating materials.
Country-wise Insights
Which Countries are Assisting Asia Pacific in Maintaining its Leading Market Position?
Asia Pacific led the global market and is projected to continue doing so during the forecast period, with 38% share of the worldwide market in 2022.
The growth of the Asia Pacific market is due to the existence of a large number of market participants and the high demand for cubic boron nitrates in several Asia Pacific economies, including South Korea and Japan.
South Korea and Japan are providing significant assistance to the Asia Pacific market. The substantial growth in these countries' medical, automotive, and aerospace industries is expected to spur the demand for cubic boron nitrates over the forecast period.
Why does the United States Lead the North American Market?
Demand for cubic boron nitrates in North America is increasing due to the region's rapidly expanding automotive and construction industries. Product demand is expected to increase due to the rising demand for water-resistant pipelines and razor blades. Moreover, the product's diamond-like characteristics are expected to drive regional market expansion.
The United States is leading the North American market. Expanding research and development operations in the country to create new applications is expected to propel market expansion.
Which Country is Driving Market Growth in Europe?
The European market is expected to experience significant growth as R&D activities to create new applications expand.
Germany is promoting market growth in Europe. The country's rapid industrialization and urbanization are expected to increase demand for cubic boron nitrates.
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Category-wise Insights
Why are Inserts the Most Popular Product in the Market?
Demand for inserts is projected to expand at a CAGR of 6.2% during the study period. The increased use of inserts in the metal processing industry due to the growing need for procedures such as grinding, cutting, and finishing goods in the medical, automotive, and aerospace industries is likely to spur global demand for inserts in the near future.
Demand for CNB powder is also growing. CNB powder is used to make coated abrasives, bonded abrasives, polishes, cleansers, abrasive tools, grinding pastes, and other abrasive items.
Competitive Landscape
Key players in the cubic boron nitrates market continue pursuing marketing methods such as investments, collaborations, technological innovations, R&D activities, and acquisitions to expand and maintain their overseas footprint.
- In Dec 2021, AIXTRON developed, built, and installed a new, detailed industrial-grade graphene and cubic boron nitride reactor capable of producing 200 mm epi-wafers. The innovative CVD tool was developed as part of the GIMMIK research project. The GIMMIK project is to evaluate the manufacture of graphene layers under industrial settings, identify weak points, and propose methods to remove error sources. A material setup is also tested, as is the transmission of graphene features to electrical mechanisms. Simultaneously, novel methodologies for the large-area, contact-free description of graphene will be developed.
- In Sep 2021, WIKUS-Sägenfabrik expanded its product line to include CUBOGRIT® band saw blades coated with cubic boron nitride (CBN). CUBOGRIT® will provide users with CBN-coated band saw blade technology for the first time, allowing them to affordably saw 3D hard alloys and toughened ferrous materials up to 70 HRC. WIKUS debuted the latest band saw blades at the EMO Hanover, the world's premier trade expo for metalworking.
- In Aug 2021, Cornell researchers used ultrathin graphene and cubic boron nitride to create a tiny magnetic field sensor that can function over a greater range of temperatures than previous sensors sensing tiny changes in magnetic fields that would otherwise be lost in a larger magnetic setting. Nowack's lab specializes in using scanning probes to monitor magnetic imaging. The superconducting quantum interference device, or SQUID, is one of their go-to probes because it operates well at low temperatures and in modest magnetic fields.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segments of Cubic Boron Nitrates Industry Research
-
By Product :
- Inserts
- Wheels
- Mesh
- Powder
-
By Application :
- Raw Abrasives
- Coatings
- Cutting & Grinding
- Lapping & Polishing
- Other Applications
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 9.1. Inserts
- 9.2. Wheels
- 9.3. Mesh
- 9.4. Powder
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Raw Abrasives
- 10.2. Coatings
- 10.3. Cutting & Grinding
- 10.4. Lapping & Polishing
- 10.5. Other Applications
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. 3M Company
- 21.2. Funik Ultrahard Material Co., Ltd
- 21.3. Advanced Abrasives Corporation
- 21.4. Reishauer AG
- 21.5. Asahi Diamond Industrial Co., Ltd
- 21.6. Saint-Gobain Surface Conditioning
- 21.7. Baltic Abrasive Technologies
- 21.8. Element Six (UK) Ltd
- 21.9. Showa Denko K.K
- 21.10. ILJIN Diamond Co., Ltd
- 21.11. NanoDiamond Products DAC
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: U. S. Market Value Share, By Product, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: U. K. Market Value Share, By Product, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the cubic boron nitrates market at present?
The global cubic boron nitrates market is valued at US$ 950 million in 2023.
What is the predicted growth rate for the global market?
Global demand for cubic boron nitrates is expected to increase rapidly at a CAGR of 7.7% from 2023 to 2033.
What is the forecast outlook for cubic boron nitrates?
Worldwide consumption of cubic boron nitrates is projected to hit US$ 2 billion by 2033.
What share did Asia Pacific capture in 2022?
Asia Pacific captured 38% share of the worldwide market in 2022.
At what CAGR is the demand for inserts predicted to grow?
Demand for inserts is forecasted to expand at a CAGR of 6.2% during the study period.
Who are the key players in the cubic boron nitrates market?
3M Company, Funik Ultrahard Material Co., Ltd, Advanced Abrasives Corporation, Reishauer AG, Asahi Diamond Industrial Co., Ltd, Saint-Gobain Surface Conditioning, Baltic Abrasive Technologies, Element Six (UK) Ltd, Showa Denko K.K, ILJIN Diamond Co., Ltd,
Cubic Boron Nitrates Market