The nature of the global cubic boron nitrates market is highly consolidated, states Transparency Market Research (TMR) in a research report. The leading three companies collectively held a share of over 48% in the market in 2015. It has been projected that the scenario will be almost the constant in the years ahead. The leading players such as Saint-Gobain, Showa Denko K.K., and 3M are expected to display backward integration towards the hexahedron boron nitrates market. As a result of this the competitive landscape of the market is expected to be comparatively moderate. At present, the key strategy that has been adopted by the leading market players is product advancement for developing their business and keeping pace with the changing scenario along with increasing their consumer base. According to a TMR analyst, “The global market for cubic boron nitrates is anticipated to rise at a 7.10% CAGR from 2016 to 2024. In 2015, the market was worth US$531.3 mn and is expected to ri...
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