CBN Wheels Market Size, Share, Growth, and Industry Analysis by Type (Resin CBN Wheels, Metal CBN Wheels, Ceramic CBN Wheels, and Electroplated CBN Wheels) By Application (Automotive Parts, Metal Grinding, Industrial, and Others) Regional Forecast To 2031

Updated On: 01 April 2024

CBN Wheels Market REPORT OVERVIEW

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The global CBN wheels market size expanded rapidly in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the CBN wheels market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2031, with a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A synthetic abrasive that is twice as hard and four times more resistant to abrasion than traditional abrasives is CBN. CBN is more resistant than only diamond. Crystal glass, automotive toughened glass, and Borosil glass used in kitchen and laboratory equipment are all ground using CBN wheels. To create different shapes of products for grinding, polishing, and lapping tools, CBN wheels are created using CBN (cubic boron nitride) abrasive as the raw material and metal powder, resin powder, ceramic, and electroplated metal as the appropriate bonding agent.

CBN wheels have a significant benefit over wheels made with continuous ring construction because the segmented design allows for the repair of broken wheel segments. CBN wheels can have their porosity adjusted during manufacturing. When combined with a free-cutting nature, effective chip removal, and good ability for "On-line Dressing," the rigid, porous structure offers low wear, high heat stability, very high material removal rates with less downtime, and consequently lower machining manufacturing costs.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The effects of the pandemic were felt in every industry, including machinery, metalworking, and the automotive. There have been disruptions caused by large-scale Chinese manufacturing exports. Meanwhile, the lockdown in the United States has led to plant closures, exerting even more severe pressure on the global CBN wheels market supply base, and putting businesses and customers in danger. The pandemic has caused a shift in the supply chain on a worldwide scale, which has an impact on metalworking, industrial, automotive, and other industries. In turn, this is upsetting the CBN wheels market and causing a downward change in CBN wheels demand.

LATEST TRENDS

"The Durability of CBN Wheels to Boost Market Growth"

CBN wheels and resin bond diamond wheels for the longest life. CBN wheels are some of the most highly effective grinding goods on the market because they combine the toughest known super abrasives retained chemically and mechanically in the glass. CBN wheels use phenolic resin, which helps to assure greater strength and heat resistance than conventional abrasive materials. The resin and abrasive material's special connection produces a potent mixture that can easily handle even the most difficult tasks. CBN wheels also have great thermal stability, which enables them to keep their shape under strong loads. The outcome is a surface that is smooth and free of burrs or scratches, which is likely to please clients. The above-mentioned benefits have a positive impact on the CBN wheels market growth.

CBN Wheels Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Resin CBN Wheels, Metal CBN Wheels, Ceramic CBN Wheels, and Electroplated CBN Wheels. Resin CBN wheels are expected to dominate the CBN wheels market share.

• By Application Analysis

Based on application, the market is segmented as follows: Automotive Parts, Metal Grinding, Industrial, and Others. The automotive parts segment leads the CBN wheels market share.

DRIVING FACTORS

"Increased Productivity to Facilitate Market Development"

The method of grinding with CBN wheels increases the productivity and efficiency of contemporary machines accessible on the global CBN wheels market. Abrasive CBN Wheels have a longer lifespan since dressing is supplied in extended intervals in the tiniest increments, resulting in good performance between grinding changes. Another benefit is the improved finishing and piece-by-piece consistency of the pieces that were corrected without using excessive heat.

"Technological Advancements in CBN Wheels to Promote Industry Progress"

Due to technological advancements in CBN wheels that make them more effective to use, innovation in the CBN wheels market is rising globally. Using surface stresses applied in resistance during grinding, a grinding wheel's performance can be compared. When using a conventional grinding wheel, only compressive residual forces are applied. If we increase this force, the applied voltage will start to act internally on the wheel, decreasing its cutting power. However, when using vitrified CBN wheels, it is possible to work with much higher surface tensions without sacrificing cutting power.

RESTRAINING FACTORS

"Decrease in Raw Material Supply to Hinder Market Growth"

The raw materials for CBN wheels are derived from regenerative resources, like petroleum. The supply of raw materials decreases as a result of the depletion of these resources, which limits CBN wheels market expansion. Governments have also acted and imposed strict limits on the usage of this commodity as a response to growing concerns over environmental protection and halting the spread of pollution, which has hampered market expansion.

CBN Wheels Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in Asia"

During the projected period, Asia is anticipated to hold the top spot in the global CBN wheels market. This is because technological developments and the expanding construction sector will sustain demand for the product in China, Japan, and India. Due to the significant need for machinery and metal fabrication, China is the largest user. These reasons had a huge impact on the Asian CBN wheels market growth.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Noritake (Japan)
• A.L.M.T. Corp. (Japan)
• Norton Abrasives (U.S.)
• Funik (China)
• Nitolex (Japan)
• KWH Mirka, Ltd (Finland)
• Sherwood (U.S.)
• ATRYZ INAKEN (Japan)
• Woodcut Tools Limited (New Zealand)
• Vicmarc Machinery (Australia)
• Keihin Kogyosho (Japan)
• Sifang Diamond (China)
• Sanchao Advanced Material (China)
• Shenyang Zhongke Superhard (China)
• Hunan Xinda New Material (China)
• Magni Nuova Abrasivi (Italy)
• Shenzhen Dihua Grinding (China)
• Yinglong(Herohome) (China)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.