Forecast of global CBN abrasive market demand trend-Shanghai Lianran International Trade Co., Ltd

Forecast of global CBN abrasive market demand trend

Release time:

2022-04-20

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

Although the current economic situation will definitely have a certain impact on the above predictions, this report titled "Global Strategic Business Report: CBN Abrasives" is still meaningful for determining the recent trend of CBN. The report shows that the usage of CBN will increase in some major industries. The report also provides a comprehensive review of CBN's globally important markets, product innovation, and recent industry activities, analyzing market data and sales from the United States, Canada, Japan, France, Germany, the United Kingdom, Italy, Spain, Russia, Asia Pacific (excluding Japan), the Middle East, Latin America, and other regions around the world. The end user segmentation industries analyzed include automobiles, aerospace, bearings, molds, gears, etc., as well as the application of CBN in fields such as home appliances, hydraulics, and medical equipment.

The report points out that CBN is becoming the preferred abrasive for most grinding processes, as it helps to obtain precise geometric shapes and dimensions, better surface finish and integrity, and shorten processing time. Due to its excellent suitability for use on CNC grinding machines, its usage is constantly increasing. In order to fully utilize the advantages of CBN grinding, achieve better surface finish, structural integrity, and longer service life of components, more and more automobile manufacturers have chosen CBN grinding wheels to replace traditional abrasive wheels.

Although the hardness of CBN is second only to diamond, the excellent performance of CBN superhard abrasives has not been fully utilized due to a lack of understanding and understanding among many people, as well as its high cost and common concerns about using 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 operation time, and shorten grinding cycles, as well as the improvement of CBN grinding wheel materials.

During the analysis period of the report (2008-2012), the automotive manufacturing industry remained the main end-user segment of the CBN abrasive industry (accounting for over 27% of global demand for CBN abrasive) and a key growth area (expected to provide up to 4.3% CAGR growth opportunities). Of course, the decline in global car sales will reduce this forecast.