PUBLISHER: Value Market Research | PRODUCT CODE: 1392389
PUBLISHER: Value Market Research | PRODUCT CODE: 1392389
The global demand for Boron Carbide Market is presumed to reach the market size of nearly USD 751.33 BN by 2030 from USD 436.63 BN in 2022 with a CAGR of 7.02%% under the study period 2023 - 2030.
Boron carbide is a high-performance coarse material with physical and chemical properties close to cubic boron nitride and diamond. The additional hardness of boron carbide gives it the label "Black Diamond." Boron carbide possesses exclusive features like chemical inertness, massive absorption of neutrons in cross-section, low density and high abrasiveness. Boron carbide is one of the stable materials for acid because of its high chemical potential. Some essential properties of boron carbide include good grinding efficiency, high wear-resistant, anti-oxidation, high strength, good elastic modulus, hardness and self-lubrication characteristics. Boron carbide, with its abrasiveness, is widely employed in the lapping, polishing and drilling of glass, hard metals, ceramics and corundum. Boron carbide plays a role in nuclear applications such as neutron-absorbing shielding and reactor control rods. Boron carbide is also widely used in automobile manufacturing, bulletproof materials manufacturing, brake pads and aircraft or vehicle armor systems manufacturing.
The booming use of Boron Carbide in the defense, industrial and nuclear applications is projected to grow healthy during the forecast period. Manufacturers are producing boron carbide with greater innovation, and increasing demand for good quality and high-strength mechanical materials for metalworking industries also boosts the production of boron carbide. The growing prices of raw materials will be the primary constraint to lament the market growth. Increasing demand from the refractory industry is expected to create more profitable opportunities for the global boron carbide market in the upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of boron carbide. The growth and trends of boron carbide industry provide a holistic approach to this study.
This section of the boron carbide market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Boron Carbide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the boron carbide market include Hoganas AB, Absco Limited, Henan Ruiheng New Material Co., Limited, Mudanjiang Qianjin Boron Carbide Co., Ltd., Kemet International Limited, Saint-Gobain, WASHINGTON MILLS, 3M, Absco Limited, CoorsTek Inc., UK Abrasives, Inc., and Precision Ceramics USA. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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