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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