Boron Carbide Market - Global Industry Analysis

Boron Carbide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-1624 Status : Upcoming

Description

Global Boron Carbide Market: Overview

Boron carbide is a ceramic material which is chiefly used as an abrasive for commercial as well as industrial applications. It is manufactured in an electric arc furnace by reacting boric oxide and carbon. Boron carbide has properties such as high abrasion resistance, incredible hardness and high resistance to wear, industrial shock resistance, impact resistance and low thermal conductivity. These features make it a highly used product in the manufacturing industry. Boron carbide is also used in refractory industry as an antioxidant and in nuclear reactors, it is used as an absorbent of the neutron. There is a gradually increasing demand for technically advanced materials which will result in an increasing demand for boron carbide in the market.

Global Boron Carbide Market: Segmentation

The global boron carbide market is segmented into its grades, form, application and geography. On the basis of grades, the market is divided into nuclear grade and abrasive grade. Based on form, the market is segregated into grains, powder, and paste. On the basis of application, the market is categorized into nuclear, industrial, and defense sectors. Diversification of the market based on region is seen into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Boron Carbide Market: Growth Factors

The boron carbide market is a growing market owing to factors such as technological development in the manufacturing industries, greater innovation and growing demand for premium high-strength and high-quality grade mechanical materials for metal working industries, Also there is an impetus in the demand for boron carbide due to the rising demand for protective ceramic materials by nuclear industries for various applications. Abrasive grade boron carbide is used in wood work, polishing which is required in industries such as aerospace and automotive.

Global Boron Carbide Market: Regional Analysis

The largest share in the boron carbide market is held by the North America and the European regions. Factors such as vigorous research and development, strong technological base, growth of nuclear industry and innovative products play an important role in driving the boron carbide market in the region. Countries which have contributed to the growth in these regions include the US and Canada in North America and Russia, France, Poland, Germany, Italy, Spain, and the UK in Europe. Following North America and Europe is Asia Pacific region. Its growth can be attributed to factors such as growing metal fabrication industries. The manufacturers in Asia Pacific are targeting countries such as India, China, Vietnam, Indonesia, and Taiwan. In Japan, the growing demand for advanced material in nuclear industry boosts the boron carbide market. Due to low macro-economic factors, the growth rate of the Latin American and Middle East and African regions may be at a moderate pace.

Global Boron Carbide Market: Competitive Players

Some of the major companies in the boron carbide market include 3M, Saint-Gobain S.A., Washington Mills, H.C. Starck GmbH., Dynamic-Ceramic Limited, Kyocera Corporation, UK Abrasives Inc., Bhukhanvala Industries, Shanghai Vital Industry Co. Ltd., and Dalian Jinma Boron Technology Group Co. Ltd.

Global Boron Carbide Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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