Market Overview:
The global cubic boron nitrates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cubic boron nitrates in various applications, such as raw abrasives, coatings, cutting and grinding, lapping and polishing, and others. Cubic boron nitrates are also used as a precursor for manufacturing other compounds such as hexagonal boron nitride (h-BN) and ultra-high purity (UHP) nitrogen trifluoride (NF3). These factors are expected to fuel the growth of the global cubic boron nitrates market during the forecast period.
Product Definition:
Cubic boron nitride is a chemical compound with the formula BN. It is a white, ceramic material that is similar to diamond in its hardness and thermal conductivity. Cubic boron nitride has a low coefficient of friction and is thus used as a coating for tools to reduce wear.
Inserts:
Introduction of new products, growth factors and technological advancements in the industry are expected to drive inserts market over the forecast period. insert is a device that allows boric acid, hydrogen peroxide or other materials to be inserted into capsules for delayed-release in animals. The product has been used as an animalicide but it can also be used as a feed additive for livestock purposes.
Wheels:
Wheels and its usage in the cubic boron nitrates market is a chemical process where the nitric acid is used to convert boron into a positively charged ion, which then reacts with amine groups present in lubricating oils. The resulting salt known as wheels or sodiumborohydrideis used as an additive for lubrication purposes. It improves the viscosity of grease and increases its stability at high temperatures making it suitable for long-term use in industrial machinery.
Application Insights:
The application segment includes raw abrasives, coatings, cutting and grinding, lapping and polishing, and others. The raw abrasives segment dominated the global market in terms of revenue share in 2017. Cubic boron nitrate is extensively used for manufacturing raw abrasive products such as solid carbides, ceramic solidified oil (CSO), powder-to-the-hole technology (PTH), fiber reinforced composite (FRCC) discs with a high concentration of micro particles for use in hand held power tools.
CBN is one of the important ingredients required for manufacturing various types of cutting edge tools including end mills, broaches & knives blades etc., used in several industries including automotive to provide an ultrafine finish on metal surfaces which leads to improved surface quality after machining.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from end-use industries, such as automotive, aerospace, electronics and medical. Increasing population coupled with rapid urbanization has led to an increase in consumer spending on household goods and automobiles. This trend is projected to positively influence industry growth over the next eight years.
The growing manufacturing sector in China owing to low labor costs coupled with a supportive government policy aimed at promoting domestic production output is expected drive cubic boron nitrates (CBCN) consumption across all applications globally during the forecast period. In addition, increasing investments by foreign players for expanding their operations within Asia Pacific are likely boost industry size through 2030s as well due to growing industrial activities associated with these products usage across various applications including coatings manufacturing, abrasives manufacturing etc.
Growth Factors:
- Growing demand from the electronics and semiconductor industry for CBN as an abrasive and polishing agent.
- Increasing application of CBN in the manufacture of cutting tools, wear parts, and other industrial components due to its superior hardness and toughness.
- Rising demand for CBN in the medical industry as a coating material for surgical instruments and implants to reduce friction and improve performance.
- Growing popularity of CBN among researchers for development of new applications in nanotechnology, optics, aerospace engineering, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cubic Boron Nitrates Market Research Report
By Type
Inserts, Wheels, Mesh, Powder
By Application
Raw Abrasives, Coatings, Cutting and Grinding, Lapping and Polishing, Others
By Companies
3M, Saint-Gobain, Sandvik AB, Element Six, SHOWA DENKO, Advanced Abrasives, NanoDiamond Products, Baltic Abrasive Technologies, Zhengzhou ZZDM, Tomei Diamond, 3M, ILJIN DIAMOND, FUNIK Ultrahard Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Cubic Boron Nitrates Market Report Segments:
The global Cubic Boron Nitrates market is segmented on the basis of:
Types
Inserts, Wheels, Mesh, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Raw Abrasives, Coatings, Cutting and Grinding, Lapping and Polishing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Saint-Gobain
- Sandvik AB
- Element Six
- SHOWA DENKO
- Advanced Abrasives
- NanoDiamond Products
- Baltic Abrasive Technologies
- Zhengzhou ZZDM
- Tomei Diamond
- 3M
- ILJIN DIAMOND
- FUNIK Ultrahard Material
Highlights of The Cubic Boron Nitrates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inserts
- Wheels
- Mesh
- Powder
- By Application:
- Raw Abrasives
- Coatings
- Cutting and Grinding
- Lapping and Polishing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cubic Boron Nitrates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cubic Boron Nitrates is a type of fertilizer that contains boron, nitrogen, and water. It is used to help plants grow and produce flowers and fruits.
Some of the key players operating in the cubic boron nitrates market are 3M, Saint-Gobain, Sandvik AB, Element Six, SHOWA DENKO, Advanced Abrasives, NanoDiamond Products, Baltic Abrasive Technologies, Zhengzhou ZZDM, Tomei Diamond, 3M, ILJIN DIAMOND, FUNIK Ultrahard Material.
The cubic boron nitrates market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cubic Boron Nitrates Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cubic Boron Nitrates Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cubic Boron Nitrates Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cubic Boron Nitrates Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cubic Boron Nitrates Market Size & Forecast, 2018-2028
4.5.1 Cubic Boron Nitrates Market Size and Y-o-Y Growth
4.5.2 Cubic Boron Nitrates Market Absolute $ Opportunity
Chapter 5 Global Cubic Boron Nitrates Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cubic Boron Nitrates Market Size Forecast by Type
5.2.1 Inserts
5.2.2 Wheels
5.2.3 Mesh
5.2.4 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cubic Boron Nitrates Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cubic Boron Nitrates Market Size Forecast by Applications
6.2.1 Raw Abrasives
6.2.2 Coatings
6.2.3 Cutting and Grinding
6.2.4 Lapping and Polishing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cubic Boron Nitrates Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cubic Boron Nitrates Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cubic Boron Nitrates Analysis and Forecast
9.1 Introduction
9.2 North America Cubic Boron Nitrates Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cubic Boron Nitrates Market Size Forecast by Type
9.6.1 Inserts
9.6.2 Wheels
9.6.3 Mesh
9.6.4 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cubic Boron Nitrates Market Size Forecast by Applications
9.10.1 Raw Abrasives
9.10.2 Coatings
9.10.3 Cutting and Grinding
9.10.4 Lapping and Polishing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cubic Boron Nitrates Analysis and Forecast
10.1 Introduction
10.2 Europe Cubic Boron Nitrates Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cubic Boron Nitrates Market Size Forecast by Type
10.6.1 Inserts
10.6.2 Wheels
10.6.3 Mesh
10.6.4 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cubic Boron Nitrates Market Size Forecast by Applications
10.10.1 Raw Abrasives
10.10.2 Coatings
10.10.3 Cutting and Grinding
10.10.4 Lapping and Polishing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cubic Boron Nitrates Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cubic Boron Nitrates Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cubic Boron Nitrates Market Size Forecast by Type
11.6.1 Inserts
11.6.2 Wheels
11.6.3 Mesh
11.6.4 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cubic Boron Nitrates Market Size Forecast by Applications
11.10.1 Raw Abrasives
11.10.2 Coatings
11.10.3 Cutting and Grinding
11.10.4 Lapping and Polishing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cubic Boron Nitrates Analysis and Forecast
12.1 Introduction
12.2 Latin America Cubic Boron Nitrates Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cubic Boron Nitrates Market Size Forecast by Type
12.6.1 Inserts
12.6.2 Wheels
12.6.3 Mesh
12.6.4 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cubic Boron Nitrates Market Size Forecast by Applications
12.10.1 Raw Abrasives
12.10.2 Coatings
12.10.3 Cutting and Grinding
12.10.4 Lapping and Polishing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cubic Boron Nitrates Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cubic Boron Nitrates Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cubic Boron Nitrates Market Size Forecast by Type
13.6.1 Inserts
13.6.2 Wheels
13.6.3 Mesh
13.6.4 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cubic Boron Nitrates Market Size Forecast by Applications
13.10.1 Raw Abrasives
13.10.2 Coatings
13.10.3 Cutting and Grinding
13.10.4 Lapping and Polishing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cubic Boron Nitrates Market: Competitive Dashboard
14.2 Global Cubic Boron Nitrates Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Saint-Gobain
14.3.3 Sandvik AB
14.3.4 Element Six
14.3.5 SHOWA DENKO
14.3.6 Advanced Abrasives
14.3.7 NanoDiamond Products
14.3.8 Baltic Abrasive Technologies
14.3.9 Zhengzhou ZZDM
14.3.10 Tomei Diamond
14.3.11 3M
14.3.12 ILJIN DIAMOND
14.3.13 FUNIK Ultrahard Material
