Global CBN Abrasive Market Demand Trend Forecast


发布时间:

2022-04-20

A report published by Global Industry Analysis in early 2009 predicted that the global market demand for cubic boron nitride (CBN) abrasives would reach $194 million by 2012, which is an average of $194 million over the period 2008-2012. The compound annual growth rate (CAGR) reached 3.6%. Among them, the demand for CBN abrasives in the Asia-Pacific region grew the fastest, with a CAGR of 5.2% during this period. Japan is the main regional market for CBN abrasives, and the market demand in 2008 is expected to be $42.2 million.

A report published by Global Industry Analysis in early 2009 predicted that the global market demand for cubic boron nitride (CBN) abrasives would reach $194 million by 2012, which is an average of $194 million over the period 2008-2012. The compound annual growth rate (CAGR) reached 3.6%. Among them, the demand for CBN abrasives in the Asia-Pacific region grew the fastest, with a CAGR of 5.2% during this period. Japan is the main regional market for CBN abrasives, and the market demand in 2008 is expected to be $42.2 million.

While the current economic situation will certainly have some impact on the forecasts above, the report titled "Global Strategic Business Report: CBN Abrasives" remains relevant for determining the near-term direction of CBN. The report shows that the use of CBN will increase in some major industries. The report also provides a comprehensive review of key global markets, product innovations and recent industry activities for CBN, including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Asia Pacific (excluding Japan), Middle East, Market data and sales for Latin America and the rest of the world. The end-user segments analyzed include automotive, aerospace, bearings, tooling, gears, etc., as well as the application of CBN in the fields of home appliances, hydraulics, and medical equipment.

The report states that CBN is becoming the abrasive of choice for most grinding operations because it helps achieve precise geometries and dimensions, better surface finish and surface integrity, and reduced machining time. Since it is very suitable for use on CNC grinding machines, its usage is increasing. In order to take full advantage of the advantages of CBN grinding for better surface finish, structural integrity and longer service life of parts, more and more automakers have chosen CBN grinding wheels to replace traditional abrasive grinding wheels.
Although CBN is second only to diamond in hardness, the excellent properties of CBN superabrasives have not been fully exploited due to the lack of understanding and awareness of it by many, its higher cost and common concerns about adopting a new product. However, this situation is changing, mainly due to the development of various CBN grinding systems that can improve grinding efficiency, increase machine uptime, shorten grinding cycles, and improve CBN grinding wheel materials.
During the period analyzed in the report (2008-2012), the automotive manufacturing industry remained the major end-user segment of the CBN abrasives industry (accounting for over 27% of the global demand for CBN abrasives) and a key growth area (expected to provide the highest 4.3% CAGR growth opportunity). Of course, a decline in global auto sales will dampen that forecast.