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Superhard material sector is set for growth.(MARKETS)

The superhard materials (materials with a hardness value equivalent to more than 40 GPa that can scratch, indent or shape any object) is set to see growth, especially cubic boron nitride (CBN) and polycrystalline CBN (PCBN).

According to the report by US-based Global Industry Analysts Inc, North America accounts for nearly 45% of the global superhard materials market, with CBN/PCBN materials offering the highest growth.

The global CBN/PCBN market is expected to register a compound annual growth rate (CAGR) of close to 11% over the period 2001-2010. Meanwhile, the CBN/PCBN market in Europe is estimated at $137 million.

Currently, diamonds and CBN are the hardest ...

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