Cubic Boron Nitrates Market Forecasted to Reach $1.1 Billion by 2030, Driven by High CAGR in China and Technological Advancements
Global Market for Cubic Boron Nitrates
Dublin, March 19, 2024 (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
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.
Key Attributes:
Report Attribute | Details |
No. of Pages | 107 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $803.7 Million |
Forecasted Market Value (USD) by 2030 | $1100 Million |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/crxy86
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