Cubic Boron Nitride Market: Shipment Volume to Cross 276.30 tons by 2024, TMR

A new research study by Transparency Market Research (TMR), states that the global cubic boron nitride market is consolidated in nature. The top three companies, together, held more than 48% of this market in 2015. Analysts expect the scenario to remain more of less same over the next few years. With key players, such as 3M, Showa Denko K.K., and Saint- Gobain, being backward integrated into the hexahedron boron nitride market, the worldwide cubic boron nitride market displays a moderately competitive landscape.

Currently, product advancement is the key strategy adopted by the leading participants in this market for the development of their business and they are likely to keep following the suit over the forthcoming years, notes the market study.

According to the research report, the global cubic boron nitride market stood at US$531.3 mn in 2015. Increasing at a CAGR of 7.10% over the period from 2016 and 2024, the opportunity in this market is likely to rise to US$978.9 mn by the end of the forecast period. In terms of volume, the market is expected to reach 276.30 tons over the same period of time.

Browse Market Research Report @ http://www.transparencymarketresearch.com/cubic-boron-nitride-films.html

Presence of Large Participant Pool to Safeguard Asia Pacific’s Dominance

The report further offers an exhaustive assessment of the global cubic boron nitride market on the basis of its regional presence. Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific have been considered as the key geographical segments of this market in this research study. In 2015, Asia Pacific dominated this market with a share of 35% and is expected to retain its position throughout the forecast period, reports the study.

The presence of a large pool of market participants and the rising demand for cubic boron nitride in a number of Asian economies, such as China, India, and Japan are anticipated to boost the Asia Pacific cubic boron nitride market in the near future. Apart from this, the substantial rise in the medical and healthcare, automotive, and the aerospace industries in developing countries is also projected to propel this regional market in the years to come.

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In ter4ms of products, the report classifies this market into inserts, wheels, mesh, and powder. Among these, inserts enjoy a higher demand than others. Researchers predict this trend to continue over the next few years, thanks to the rising application of inserts in the metal processing industry due to the growing need for various processes, such as cutting, grinding, and finishing, states the research report.

Increasing Awareness Regarding Benefits of Cubic Boron Nitride to Boost Growth

“The increasing awareness regarding the benefits of cubic boron nitride over other hard materials used for various industrial processes, such as cutting, grinding, drilling, and boring, is having the most significant impact on the growth of the global market for cubic boron nitride,” says the author of the study. Diamond is said to be the hardest material utilized for these processes but it also has various technological limitations, which gives a cubic boron nitride an edge over it, reflecting positively on the demand for the former across the world.

Currently, the market looks thriving and full of opportunities. However, the high cost associated with the production processes may deter this market from growing steadily in the years to come, states the research report.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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