-- Boron Carbide Market growth is majorly driven by rising demand in abrasives for making nozzles for slurry pumping, water jet cutting, grit blasting, and in polishing & lapping applications in the forecast period. It can also be used for dressing diamond tools. Increasing annual defense expenditure by various countries to acquire high tech anti-ballistic weapons that can resist the impact of bullets, shrapnel, and missile are other factor that supplement the boron carbide market growth in the upcoming years.
Boron carbide is an extremely hard and covalent material chiefly used as an abrasive for commercial as well as industrial applications used in, bulletproof vests, tank armor, engine sabotage powder, as well as various industrial applications. The product is manufactured in an electric arc furnace by reacting boric oxide and carbon, through carbothermal reduction or by gas phase reactions.
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The overall boron carbide market could be segmented on the basis of its grades, form, application, and geography. On the basis of grades, boron carbide market is divided into nuclear grade and abrasive grade. Increased demand for advanced energy sources and the requirement for clear sources of energy in future will contribute towards growth in the nuclear industry the product’s nuclear applications include control rod, shielding and shut down pellets. Abrasive grade of the chemical is used in industrial equipment manufacturing, wood work as well as in polishing which is also required in industries such as aerospace and automotive.
The Boron carbide Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Boron carbide Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Boron carbide Product Insights
5. Boron carbide Application Insights
6. Boron carbide Regional Insights
7. Competitor Profiles
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The diverse application areas of the boron carbide market include abrasives, nozzles, nuclear applications, ballistic armor and others such as, ceramic tooling dies, precision toll parts, mortars and pestles. etc. Increasing product applications in nuclear industries due to rising energy demand will contribute to the growth of nuclear power plants over the forecast period.
Reasons to Buy This Report:
1. Boron carbide Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key boron carbide market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Rapid growth in end-use verticals such as ceramic, refractory, and abrasive industries plastics in Asia-pacific along with the growing North American industry attributable to high adoption of this chemical in defense sector for production of anti-ballistics weapons will propel the boron carbide market in coming years. Rising expenditure in establishment of nuclear plants in Western Europe will likely to augment the boron carbide market over the forecast period.
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The prominent players in the boron carbide market are 3M Company, Advanced abrasives corporation, Momentive performance materials, Sigma-Aldrich, American elements, Dynamic-Ceramic Limited, Feldco International, ABSCO limited, Electro Abrasives LLC, H.C. starck, Dalian Jinma Boron Technology Group, Saint-Gobain S.A, UK abrasives Inc, Dunhua zhengxing abrasive company, Sandvik Hyperion and Washington mills. In order to attain a dominant position in the global boron carbide market, these players are focusing on research and development activities to introduce technological advancement and innovation.
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