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The global CBN Abrasive market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 5.23 billion by 2030, at a CAGR of 7.2% during the forecast period 2024-2030.
The United States CBN Abrasive market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 1.34 billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.
CBN Abrasives are superhard materials second only to diamond, used in high-precision grinding applications.
The global market is experiencing robust growth, driven by precision manufacturing demands. In 2023, production reached 85,000 metric tons globally, with automotive sector accounting for 40% of consumption. The market saw a 35% increase in high-precision grade adoption in 2023. Vitrified CBN dominates with a 55% market share, while electroplated CBN is growing at 10% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 8.0% CAGR. The industry is focusing on developing advanced bonding technologies, with a 40% growth in R&D investments for performance enhancement.
Report Overview Cubic Boron Nitride Abrasive, also known as CBN Abrasive, refers to an abrasive material made from cubic boron nitride crystals. This report provides a deep insight into the global Cubic Boron Nitride Abrasive market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cubic Boron Nitride Abrasive Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cubic Boron Nitride Abrasive market in any manner. Global Cubic Boron Nitride Abrasive Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company Element Six Momentive ILJIN Saint-Gobain Sumitomo Electric Industries Sandvik Hyperion Tomei Diamond FUNIK Zhengzhou Zhongnan Jete Superabrasives Famous Diamond Besco Superabrasives Berlt Hard Material Zhengzhou Zhong peng Henan Huanghe Whirlwind Yuzhou Hehui Superhard Material Company Market Segmentation (by Type) CBN Monocrystalline CBN Micro Mist Market Segmentation (by Application) Automotive Machinery Metal Fabrication Electronics Other Geographic Segmentation