Cubic Boron Nitride Abrasives: A Global Strategic Business Report
San Jose, CA (PRWEB) October 30, 2008
Cubic Boron Nitride (CBN) is becoming the preferred choice of most grinding operations as it helps in achieving regular geometries, better integrity on the polished surface and decreased cycle times. Use of this abrasive is increasing due to its suitability for use on CNC machines. Closer finishes, structural integrity, and longer life of instruments are the advantages offered of CBN grinding that are leading more and more automakers to switch over to CBN wheels from the traditional abrasive wheels.
Although second only to diamond in hardness, qualities of cubic boron nitride superabrasive have not been exploited to the fullest, due to lack of proper understanding, and due to high costs and general apprehensions that deter the adoption of a new product. The scenario is however changing, largely due to the development of more number of CBN capable systems leading to increased efficiencies, increased machine uptimes, shortened grinding cycle times, and improvements in CBN wheel materials.
As stated by the recent report published by Global Industry Analysts, Inc., Global market for cubic boron nitride abrasives is projected to reach US$194 million by 2012, reflecting a CAGR of 3.6% over the period, 2008-2012. Asia-Pacific represents the fastest-growing region for CBN abrasives, registering a CAGR of 5.2% for the period 2008-2012. Japan is the major regional market for CBN abrasives with an estimated US$42.2 million for 2008.
Automotive industry continues to be the major end use segment and a key growth area for the CBN abrasive industry, throughout the analysis period. The segment accounts for more than 27% of the global demand for CBN abrasives, and is also expected to offer the highest growth opportunity with a CAGR of 4.3% over the period 2008-2012.
Key players dominating the global Cubic Boron Nitride Abrasives market include 3M Company, Asahi Diamond Industrial Co. Ltd, Carborundum Universal Ltd., ClappDiCO Corporation, Element Six, Noritake Co. Ltd., Saint Gobain Abrasives Inc., Tyrolit Group, and Washington Mills Hennepin, Inc.
The report titled "Cubic Boron Nitride Abrasives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of key markets worldwide, product innovations, and recent industry activity. The report analyzes market data and analytics in value sales for major geographic regions including the US, Canada, Japan, France, Germany, UK, Italy, Spain, Russia, Asia-Pacific (excluding Japan), Middle East, Latin America, and Rest of World. End-use segments analyzed include Automotive, Aerospace, Bearings, Tools and Dies, Gears, and Other Applications including Appliances, Hydraulics, and Medical Equipment.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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