Cubic boron nitrates are a synthetically manufactured solid, produced by treating hexagonal boron nitride at high temperature and pressure. It is the second hardest material after diamond. One of its mutual synthesis processes is the direct conversion of hexagonal boron nitride to cubic boron nitrate by treating at high pressure and temperature. It is used as an abrasive and wear-resistant coating due to its chemical inertness, hardness, and high melting temperature. It is also used to coat a grinding wheel for well grinding & lapping applications. Since the cutting & grinding of hardened or carbide steel is difficult, CBN mesh or powder, in the form of a coated surface over a grinding & polishing wheel, is used to perform finishing processes for instance polishing, grinding, and lapping. Its abrasives possess characteristics that exceed the value of conventional abrasives; for example, resistance to chemicals, heat, & abrasion, high strength and hardness, and ability to maintain the sharp cutting edges during use.
According to study, “Global Cubic Boron Nitrates Market Status (2015-2019) and Forecast (2020-2024) by The region, Product Type & End-Use” the key companies operating in the global cubic boron nitrates market are REX-LEE, Sumitomo Electric Industries Ltd., FUNIK Ultrahard Material Co. Ltd., Sumitomo Electric Hardmetal Corp., Asahi Diamond Industrial Co. Ltd., ILJIN Diamond Co. Ltd., Tomei Diamond Co. Ltd., Reishauer AG, SHOWA DENKO K.K., Baltic Abrasive Technologies, NanoDiamond Products, Element Six, Sandvik AB, Saint-Gobain, 3M, Advanced Abrasives Corp.
Based on product type, the cubic boron nitrates market is segmented into wheels, powder, mesh, inserts, and others. Their size, shape, and contents are determined by the processes in which they are probable to be employed. The powder is used as a raw material for manufacturing coated abrasives, polishes, bonded abrasives, cleaners, grinding pastes, abrasive tools, and other abrasive products. Insert segment holds the major share in the market owing to the increase in the application of inserts in the metal processing industry. Based on the distribution channel, the market is segmented into wholesalers, supermarkets/hypermarkets, retailers, online retail and others. In addition, based on application, the market is segmented into raw abrasives, coatings, lapping & polishing, cutting & grinding, and others.
The cubic boron nitrates market is driven by growth in advancements in the field of chemical analysis & testing, followed by rising in need for cubic boron nitrates for abrasion and increase in the need to compare the physical hardness of product to that of diamonds. Moreover, high growth potential in emerging the economy is a key opportunity for the market.
Based on geography, the Asian-Pacific is a leading region in the global cubic boron nitrates market owing to significant growth in the medical, automotive, and aerospace industries observed in developing countries in the region. Whereas, the North-American and European regions are expected to witness higher growth rate due to the presence of a large number of market players over the forecast period. In upcoming years, it is anticipated that the market will be reached at a quick pace as a result of extensive demand for a rise in favorable government initiatives related to the use of cubic boron nitrates during the forecast period.
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Ankur Gupta, Head Marketing & Communications