Global Boron Carbide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global boron carbide market in its upcoming report titled, “Global Boron Carbide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global boron carbide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global boron carbide market report has been segmented on the basis of grade, application, and region.

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Boron carbide is one of the hardest ceramic materials, which is ranked third after diamond and cubic boron nitride in the list of hardest materials. Boron carbide (B4C) can be produced by operating oxidation reduction process using boron trioxide (B2O3) with carbon (C). Boron carbide is characterized by a unique combination of properties, which makes it preferable in various engineering applications.

Major factor driving growth of the global boron carbide market includes rising demand for powdered form of boron carbide in abrasives for polishing and lapping applications. In addition, owing to its extreme hardness boron carbide finds the application in nozzles for slurry pumping, water jet cutting, and grit blasting which is another factor anticipated to fuel growth of this market. Boron carbide, due to its properties such as thermal stability and high melting point, is majorly used in refractory applications, which is also a factor driving growth of the boron carbide market.

Moreover, it is used as neutron radiation absorbent in nuclear sector, and in anti-ballistic plating for body armors for human and vehicles which can resist the impact of weapons such as bullets, shrapnel, and missile are other factor expected to support growth of this market.

However, high price of boron carbide, and easy availability of substitutes offered by local players such as steel are major factor restraining growth of the global boron carbide market over the forecast period.

Currently, Asia Pacific market is expected to dominate the global boron carbide market in terms of revenue, owing to increasing demand for boron carbide in various end-use industries such as ceramic, refractory, and abrasive industries in countries in the region. The market in North America is expected to account for second-highest revenue share in the global boron carbide market, due to high adoption of boron in defense sector for production of anti-ballistics weapons. North America market is followed by markets in Europe, Latin America, and Middle East & Africa respectively.

Global Boron Carbide Market Segmentation:

By grade:

• Abrasive Grade
• Nuclear Grade

By application:

• Abrasives
• Nozzles
• Armor/Nuclear
• Other

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa