Cubic Boron Nitrates Global Market is Projected to Reach $1.1 Billion by 2030 at a 4.5% CAGR


Dublin, Feb. 16, 2023 (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 (Total 12 Featured) -

  • 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.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics:

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

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Cubic Boron Nitrates - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qib226

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Global Market for Cubic Boron Nitrates

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