A global market demand for cubic boron nitride (CBN) abrasives will reach $ 194 million by 2012, according to a report released by Global Industry Analysis at the beginning of 2009, that is, between 2008 and 2012, (CAGR) reached 3.6%, with demand for CBN abrasives growing fastest in the Asia-Pacific region, with CAGR reaching 5.2% during this period. Japan is the main regional market for CBN abrasives and is expected to have a market demand in 2008 $ 42.2 million.