Cubic Boron Nitrates Market Forecasted to Reach $1.1 Billion by 2030, Driven by High CAGR in China and Technological Advancements


Dublin, March 19, 2024 (GLOBE NEWSWIRE) -- The "Cubic Boron Nitrates: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Cubic Boron Nitrates estimated at US$803.7 Million in the year 2022, is projected to reach a revised size of US$1.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Inserts, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$546.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wheels segment is readjusted to a revised 4.5% CAGR for the next 8-year period.



The U.S. Market is Estimated at $219 Million, While China is Forecast to Grow at 7.7% CAGR

The Cubic Boron Nitrates market in the U.S. is estimated at US$219 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$244.2 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$153.1 Million by the year 2030.

Select Competitors

  • 3M Company
  • Advanced Abrasives Corporation
  • Asahi Diamond Industrial Co., Ltd.
  • Baltic Abrasive Technologies
  • Element Six (UK) Ltd.
  • Funik Ultrahard Material Co., Ltd.
  • ILJIN Diamond Co., Ltd.
  • NanoDiamond Products DAC
  • Reishauer AG
  • Saint-Gobain Surface Conditioning
  • Showa Denko K.K.
  • Sumitomo Electric Hardmetal Corporation
  • Sumitomo Electric Industries Ltd.
  • Tomei Diamond Co., Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages107
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$803.7 Million
Forecasted Market Value (USD) by 2030$1100 Million
Compound Annual Growth Rate4.0%
Regions CoveredGlobal


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Global Market for Cubic Boron Nitrates

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