As per this study the Global CBN and PCBN Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX MN by 2026 with a CAGR of X.X%.
CBN or cubic boron nitrile is a hard, tough, man-made substance used for making high performance cutting tools. Whereas, polycrystalline cubic boron nitrile (PCBN) is the composites made by sintering of CBN powder and various ceramics. These substances are widely used for machining of hardened steel, high strength iron and nickel and cobalt based super alloys.
Rising demand of PCBN from factoring and manufacturing plants owing to excellent abrasion properties is majorly driving the market demand. Use of PCBN and CBN tools in dry cutting, high-speed roughing & cutting and in place grinding is again pushing the market demand upwards. Also, owing to high thermal and chemical resistance, ability to withstand extreme deformation is raising the CBN and PCBN demand. Moreover, advantages of CBN and PCBN tools such as hot hardness, better work efficiency and longer durability are fueling the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of CBN and PCBN.
The broad CBN and PCBN market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Chemical Industry
- Manufacturer Industry
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for CBN and PCBN in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe CBN and PCBN Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the CBN and PCBN market includes Carbide Products Inc., CeramTec, Ceratonia, FUNIK, Henan Huanghe Whirlwind, ILJIN, Sandvik and Zhengzhou Sino-Crystal among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.