Sandy, Utah, USA, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled "Boron Carbide Market Size, Share, Growth Analysis Report By Grade (Abrasive Grade, Nuclear & Defence Grade), By Type (Powder, Paste, Grains), By Application (Industrial, Nuclear, Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030" in its research database.
"According to the latest research study, the demand for global Boron Carbide Market size & share was valued at approximately USD 141.8 Million in 2021 and is expected to reach a value of around USD 202.18 Million by 2030, at a compound annual growth rate (CAGR) of about 4.55% during the forecast period 2022 to 2030."
Boron carbide is a crystalline compound of boron and carbon. It is the hardest material known after diamond and cubic boron nitride. It is used in abrasive and wear-resistant products, lightweight composite materials, and control rods for nuclear power generation. Its strength ability is to withstand an applied load without failure or plastic deformation.
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Boron carbide is also used as ballistic armor along with other materials, resulting in properties like high hardness, high elastic modulus, and low density, which provides extraordinary unique stopping power against high-velocity projectiles. Boron Carbide has antimicrobial protection properties, due to which they are used in cooling towers in power plants, mining, swimming pools, tank armor, bulletproof vests, engine sabotage powders, and other industrial applications.
(A free sample of the Boron Carbide Market report is available upon request; please get in touch with us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis.
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Boron Carbide report has been modified to include the COVID-19 impact study before delivery.)
Regional Snapshots
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the boron carbide market. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China and Japan have made significant contributions to the growth of the Boron carbide market in the APAC region.
Key factors for the growth in the APAC region are increasing nuclear power plants, defense spending and grading application.
Furthermore, boron carbide producers are implementing an inclusive range of advanced technologies in the production of boron carbide to optimize the purity and boron content which will drive the market during the forecast period. Moreover, Asian countries are using abrasive-grade boron carbide for ultrasonic boring since it can be used for boring almost any desired profile of brittle & hard materials. In addition, metal fabrication industries are growing in the Asia-Pacific region, driving the boron carbide market growth during the forecast period.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12133
Growth Drivers
Boron carbide can absorb neutrons without producing long-lived radionuclides, making it attractive as a neutron absorbent in nuclear power plants. Some applications of Boron Carbide are used in a nuclear reactor as control rods, shutdown pellets and insulation. Currently, 440 nuclear power reactors operate in 32 with a combined capacity of about 390 GWe.
Some of the prominent players in the Global Boron Carbide Market:
- Absco Limited
- CoorsTek, Inc.
- Electro Abrasives LLC
- Feldco International
- Höganäs AB
- Kyocera Corporation
- Mudanjiang Jingangzuan Boron Carbide Co., Ltd
- Precision Ceramics Usa Inc
- U.K. Abrasives, Inc.
- Washington Mills Electro Minerals Limited
- Saint-Gobain S.A.
- H.C. Starck GmbH
- Washington Mills
- Kyocera Corporation
- Dynamic-Ceramic Limited
- U.K. Abrasives Inc.
Key questions answered in this report:
- What is the size of the Boron Carbide market, and what is its expected growth rate?
- What are the primary driving factors that push the Boron Carbide market forward?
- What are the Boron Carbide Industry's top companies?
- What are the different categories that the Boron Carbide Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Boron Carbide market sample report and company profiles?
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12133
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/boron-carbide-market/
Globally, Nuclear power capacity is steadily growing, with 55 reactors under construction in 19 countries, covering India, Russia, China and the United Arab Emirates. As per World Nuclear Association. The majority of plants are planned for the Asia Pacific region. Moreover, plant lifetime extension programs are going on in the USA to maintain capacity. Thus, the growth of nuclear reactors will drive demand for boron carbide in the upcoming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 141.8 Million |
| Projected Market Size in 2030 | USD 202.18 Million |
| CAGR Growth Rate | 4.55% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Absco Limited, CoorsTek, Inc., Electro Abrasives LLC, Feldco International, Höganäs AB, Kyocera Corporation, Mudanjiang Jingangzuan Boron Carbide Co., Ltd, Precision Ceramics Usa Inc, UK Abrasives, Inc., Washington Mills Electro Minerals Limited, Saint-Gobain S.A., H.C. Starck GmbH, Washington Mills, Kyocera Corporation, Dynamic-Ceramic Limited, UK Abrasives Inc., and Others |
| Key Segment | By Grade, Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
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Restraints
However, the lack of skilled labor is restricting the expansion of the global boron carbide market during the forecast period. Furthermore, the logistics and supply chain interface, government norms, and regulations on export and import activities are restraining factors in the boron carbide market.
Opportunities
The growing demand from the refractory industry is projected to support the growth of the global boron carbide market in the forthcoming years. In addition, the market for boron carbide is witnessing increased demand avenues from the nuclear, aerospace, and automotive industries. Boron carbide is in high demand for protective ceramic materials in nuclear industries. All these factors together may act as one of the key drivers responsible for the market's growth, thus, creating generative opportunities.
Challenges
Over the forecast period, high costs and complexity related to import and export issues may be a challenging factor in the boron carbide market.
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Browse the full "Boron Carbide Market Size, Share, Growth Analysis Report By Grade (Abrasive Grade, Nuclear & Defence Grade), By Type (Powder, Paste, Grains), By Application (Industrial, Nuclear, Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030" Report at https://www.custommarketinsights.com/report/boron-carbide-market/
Report Highlights
Based on grade, the segment includes abrasive and nuclear and defense grades. The abrasive segment dominated the market in 2020 and is expected to grow over the forecasted period. Boron carbide coating is widely used in lapping and polishing applications owing to its high hardness. It is also used as a loose abrasive in multiple cutting applications, such as water jet cutting, grit blasting and slurry pumping. Abrasive boron carbide is an ideal material for dressing diamond tools. However, the nuclear & defense grade segment is expected to grow at a moderate rate during the forecast period.
Segments Covered in the Boron Carbide market report;
By Grade
- Abrasive Grade
- Nuclear &Defence Grade
By Type
- Powder
- Paste
- Grains
By Application
- Industrial
-
- Grinding
- Lapping
- Polishing
- Others
- Nuclear
- Defense
-
- Body Armor
- Vehicle Armor
Based on Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12133
Spectacular Deals
- Comprehensive coverage
- Maximum number of market tables and figures
- Subscription-based option offered
- Best price guarantee
- Free 35% or 60 hours of customization.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
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Reasons for the Research Report
- The study provides a thorough overview of the global Boron Carbide market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Boron Carbide market analysis.
- The competitive environment of current and potential participants in the Boron Carbide market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12133
Who should buy this report?
· Participants and stakeholders worldwide Boron Carbide market should find this report useful. The research will be useful to all market participants in the Boron Carbide industry.
· Managers in the Boron Carbide sector are interested in publishing up-to-date and projected data about the worldwide Boron Carbide market.
· Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Boron Carbide products' market trends.
· Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12133
