Global Cubic Boron Nitride Market Growth 2023-2029

Global Cubic Boron Nitride Market Growth 2023-2029

Cubic Boron Nitride (CBN) is a synthetic chemical compound made up of boron and nitrogen atoms in a one-to-one ratio. Unlike other types of boron nitride, it exists as a cubic crystal lattice, with its atoms arranged in a symmetrical, cube-shaped structure like the crystalline structure of diamond. Its material properties include extreme hardness, stability under heat, and superior chemical resistance. Cubic Boron Nitride is the second-hardest known material after diamond, making it useful in a wide variety of industrial applications, where it is often used as an abrasive or cutting tool.

As diamond is less stable than graphite, Cubic Boron Nitride is less stable than h-BN, but the conversion rate between those forms is negligible at room temperature (again like diamond). The cubic form has the sphalerite crystal structure, the same as that of diamond, and is also called β-BN or c-BN. The wurtzite BN form has the same structure as lonsdaleite, a rare hexagonal polymorph of carbon. In both c-BN and w-BN, the boron and nitrogen atoms are grouped into tetrahedra, but the angles between neighboring tetrahedra differ between the two.

LPI (LP Information)' newest research report, the “Cubic Boron Nitride Industry Forecast” looks at past sales and reviews total world Cubic Boron Nitride sales in 2022, providing a comprehensive analysis by region and market sector of projected Cubic Boron Nitride sales for 2023 through 2029. With Cubic Boron Nitride sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cubic Boron Nitride industry.

This Insight Report provides a comprehensive analysis of the global Cubic Boron Nitride landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cubic Boron Nitride portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cubic Boron Nitride market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cubic Boron Nitride and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cubic Boron Nitride.

The global Cubic Boron Nitride market size is projected to grow from US$ 44400 million in 2022 to US$ 93990 million in 2029; it is expected to grow at a CAGR of 93990 from 2023 to 2029.

Global Cubic Boron Nitride key players include FUNIK, Element Six, Momentive, ILJIN, Saint-Gobain, etc. Global top five manufacturers hold a share over 45%.

China is the largest market, with a share over 65%, followed by Europe and US, both have a share over 15%.

In terms of application, the largest application is Resin bond and vitrified wheels, followed by Resin bond grinding wheels, Vitrified wheels, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Cubic Boron Nitride market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

CBN Monocrystalline

CBN Micro Mist

Segmentation by application

Resin Bond and Vitrified Wheels

Resin Bond Grinding Wheels

Vitrified Wheels

Electroplated Products

PcBN

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cubic Boron Nitride market?

What factors are driving Cubic Boron Nitride market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cubic Boron Nitride market opportunities vary by end market size?

How does Cubic Boron Nitride break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.