Cubic Boron Nitride is a chemically and thermally resistant refractory compound of boron and nitrogen
It is found in various crystalline forms which are isoelectronic similar like carbon lattice
As diamond is less stable than graphite, Cubic Boron Nitride is less stable than h-BN (Hexagonal Boron Nitride), but the conversion rate between those forms is negligible at room temperature (again like diamond).
Second hardest material know after synthetic diamond
It is extensively used in metal casting and high temperature equipment
c-BN is used in applications for its chemical inertness which can be maintained up to 1500-1600 K
The market is divided into CBN monocrystalline and CBN micro mist based on type
Cubic Boron Nitride is used in applications such as coatings, water-resistant pipes and razor blades for its hardness property
Cubic Boron Nitride is a good insulator due to its wide band gap
Cubic Boron Nitride is extensively used as a heat sink in semiconductor lasers due to high thermal conductivity
Cubic Boron Nitride is also showing great promise as the next semiconductor material after silicon in the form of Cubic Boron Arsenide. IMO: Should this eventuate then the Cubic Boron Nitride Market will outperform any projections ten-fold.
Cubic Boron Nitride Market Size, Share, Growth, and Industry Growth by Type (CBN, Monocrystalline, and CBN Micro Mist), By Application (Resin Bond and Vitrified Wheels, Resin Bond Grinding Wheels, Vitrified Wheels, Electroplated Products, PcBN, and Others) Regional Forecast (2022-2028)
The global Cubic Boron Nitride market was USD 44400 million in 2021 and is expected to reach USD 93990 million in 2028, growing at a CAGR of 11.3% during 2022-2028.
Increasing demand for c-BN in X-ray is expected to surge market growth.
Growing automotive and construction industries are projected to drive growth
The chemical compound is extensively used in nanotechnology which is predicted to surge market growth
Increasing demand for water-resistance pipes and razor blades is estimated to accelerate market growth during the forecast period
CBN monocrystalline is expected to be the leading part of the type segment
Resin bond and vitrified wheels are expected to be the leading part of the market application
Increasing need for cutting operation is estimated to surge market growth
Rising material contribution in electronic industry is anticipated to accelerate market growth
North America is expected to dominate cubic boron nitride market share due to growing automotive and construction industries. Growing research and development activities to develop new applications is anticipated to accelerate market growth
Europe is estimated to show significant market growth due to growing R&D activities to develop new applications. Increasing demand for mechanical applications is estimated to surge market growth. Increasing utility in tool bits of cutting tools is projected to boot material adoption.
Global Cubic Boron Nitride Films Market by Type (Borazon, Cubonite, Elbor), By Application (Automotive, Heavy Industry, Chemical, Aerospace) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
The Global Cubic Boron Nitride Films Market is expected to reach USD XX million by 2028 from USD 579.3 million in 2021, at a CAGR of 16.9% during the forecast period. The growth of the market is attributed to the increasing demand for cubic boron nitride films from various end-use industries such as automotive, heavy industry, chemical, aerospace, and others.
Cubic boron nitride films (CBN) are a type of thin-film made from the compound cubic boron nitride. CBN is similar to diamond in terms of its hardness and thermal stability, making it an ideal material for cutting and grinding tools. Unlike diamond, however, CBN is electrically insulating and can be used in a variety of electronic applications.
Cubic boron nitride films are used in a variety of applications requiring wear resistance, high-temperature stability, and chemical inertness. On the basis of Type, Global Cubic Boron Nitride Films Market is segmented into Borazon, Cubonite, and Elbor.
Borazon: Borazon is a cubic form of boron nitride. Borazon films can be used as bearing surfaces, cutting tools, and abrasives.
Cubonite: Cubonite is a type of CBN film that is characterized by its cubic structure. This makes it harder and more wear-resistant than other types of CBN films with a higher thermal conductivity, making it ideal for high-temperature applications. It is typically used in cutting tools, bearings, and other wear-resistant components. It can also be used as a coating for metal surfaces to improve their wear resistance.
Elbor: Elbor is a type of cubic boron nitride that is used in the manufacture of cutting tools, abrasives, and other products. It is also used as a coating for metal surfaces. Elbor has a high melting point and is resistant to corrosion. It is also an excellent conductor of heat.
On the basis of Application, Global Cubic Boron Nitride Films Market is segmented into Automotive, Heavy Industry, Chemical, and Aerospace.
The automotive industry is a major consumer of cubic boron nitride films. CBN films are used in the manufacture of engine components, transmission parts, and other auto parts. Increased demand for automobiles is expected to drive the growth of the cubic boron nitride films market during the forecast period.
Heavy industry uses CBN films, due to their high wear resistance and thermal stability, in the manufacture of cutting tools, bearings, and other wear-resistant components. The growing demand for heavy machinery is expected to drive the growth of the cubic boron nitride films market during the forecast period.
CBN films are used in the chemical industry for a variety of applications such as coatings, catalysts, and adsorbents. They are also used in the manufacture of cutting tools and other wear-resistant components.
The aerospace industry is a major consumer of cubic boron nitride films. CBN films are used in the manufacture of aircraft engine parts, turbine blades, and other aircraft components. They are also used as coatings for metal surfaces to improve their wear resistance.
GLOBAL CUBIC BORON NITRIDE MARKET SIZE, MANUFACTURERS, SUPPLY CHAIN, SALES CHANNEL AND CLIENTS, 2020-2026
In 2019, the global Cubic Boron Nitride market size was US$ 37450 million and it is expected to reach US$ 77970 million by the end of 2026, with a CAGR of 10.9% during 2021-2026.
China CBN production is the first in the world. However, the quality of the Cubic Boron Nitride products is not high. Chinese main products are low grade and medium grade. The price is relatively low.
In the United States, Europe, Japan, Cubic Boron Nitride product has a complete crystal, high strength, good thermal stability. Product prices are high in these areas, and profit is relatively high.
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