Cubic boron nitrates (CBN) are widely used as an abrasive. It is having properties such as superior thermal, hardness, and chemical stability. The most striking property of CBN is its mechanical strength. They are often used in the tool bits of cutting tools. They are also used in mechanical and electronic applications.
MARKET SCOPE
The "Global Cubic Boron Nitrates Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cubic boron nitrates market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the cubic boron nitrates market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global cubic boron nitrates market is segmented into powder, mesh and others
- Based on application , the market is bifurcated into coatings, raw abrasives, lapping & polishing and others
MARKET DYNAMICS
Drivers
- Increasing utilization in cutting and grinding application, provides opportunity for the market growth.
- Potential to substitute diamonds is expected to drive the demand for CBN market.
Restraints
- Raw material availability and time-consuming production process are the restraining factors for the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cubic boron nitrates market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cubic boron nitrates in these regions.
IMPACT OF COVID-19 ON CUBIC BORON NITRATES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cubic boron nitrates market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cubic boron nitrates market are anticipated to lucrative growth opportunities in the future with the rising demand for cubic boron nitrates in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cubic boron nitrates market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Advanced Abrasives Corporation
- Element Six UK Ltd.
- SHOWA DENKO K.K.
- Tomei Diamond Co.,Ltd.
- Asahi Diamond Industrial Co.,Ltd.
- ILJIN DIAMOND CO., LTD
- Funik Ultrahard Material Co., Ltd
- Sumitomo Electric Industries, Ltd.
- Henan Huanghe Whirlwind CO.,Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.