Capital News

Boron Carbide Market To Display Noteworthy Growth Till 2023 Due To The Increasing Demand From Aerospace And Automotive Industries | Million Insights

 Breaking News
  • No posts were found

Boron Carbide Market To Display Noteworthy Growth Till 2023 Due To The Increasing Demand From Aerospace And Automotive Industries | Million Insights

April 27
07:48 2020
Boron Carbide Market To Display Noteworthy Growth Till 2023 Due To The Increasing Demand From Aerospace And Automotive Industries | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the major drivers of boron carbide market include rise in demand for superior high strength mechanical and high-quality grade materials by metal working industries, increase in demand for protective ceramic materials by nuclear industries for manufacturing quality equipment and components.

Global boron carbide market is expected to display significant growth in the forecast period owing to the high demand for boron carbide for manufacturing nozzles and applications like lapping and polishing. Boron carbide is a ceramic material that is extensively used as an abrasive for numerous commercial and industrial applications. It offers excellent hardness characteristic and is highly wear resistant, industrial shock resistant, and has moderate to low thermal conductivity. Boron carbide is extensively used in machine components and tools manufacturing sectors. 

The major drivers of boron carbide market include rise in demand for superior high strength mechanical and high-quality grade materials by metal working industries, increase in demand for protective ceramic materials by nuclear industries for manufacturing quality equipment and components. Moreover, growing demand for boron carbide from aerospace and automotive industries for polishing and wood-related applications is also propelling the market. However, easy availability of substitutes and high prices of boron carbide is hindering the market growth. 

Increase in applications of boron carbide in several biomedical instruments and treating brain cancer is an emerging trend in the market. This trend is predicted to influence the market growth significantly in the near future. 

Boron carbide market is categorized on the basis of form, grade, application, end user, and geography. On the basis of form, market is divided into powder, grains, and paste. Grain and powder segment are expected to hold maximum share of the market due to increased applications. They are widely used in different industries like aerospace and automotive for gridding hard metals, polishing, sintering, etc. 

Want To Access Full Research Report On Global Boron Carbide Market? Click Here: https://www.millioninsights.com/industry-reports/boron-carbide-market 

Based on grade, the market is divided into abrasive grade and nuclear grade. Nuclear grade segment is expected to grow significantly in the future due to high demand for enhanced energy sources and the need for clear energy sources.

In terms of application, boron carbide market is divided into nozzles, nuclear applications, ceramic tooling dies, precision toll parts, abrasives, ballistic armor, pestles, mortars, etc. nuclear applications segment is estimated to grow considerably in the forecast period due to increasing application of nuclear products on the global scale. Moreover, rise in demand for energy is also expected to drive the growth of nuclear power plants in future.

Based on end user, market is split into refractory, ceramic, abrasive industries, and defense. Owing to high adoption of chemicals in defense industry for the manufacturing of anti-ballistics weapons, defense sector leads the market growth.

Geographically, boron carbide industry is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Asia Pacific are predicted to dominate the market in the forecast period owing to the increased demand for boron carbide in defense applications. Moreover, increase in spending on the establishment of nuclear plants in Europe is contributing significantly to the market.

The leading players in boron carbide market comprise ABSCO Limited, Saint-Gobain S.A, Advanced Abrasives Corporation, 3M Company, American Elements, Bhukhanvala Industries Pvt. Ltd., Dalian Jinma Boron Technology Group Co. Ltd (Dalian Jinma Group), China Mudanjiang Chenxi Boron Carbide Co. Ltd, Dunhua Zhengxing Abrasive Co. Ltd., Washington Mills North Grafton, Inc., Dynamic-Ceramic Limited (CoorsTek), Songshan Specialty Materials Incorporated, Dalian Zhengxing Abrasive Co. Ltd., Electro Abrasives LLC, H.C. Starck GmbH, Feldco International, Sigma-Aldrich Co. LLC. (Merck Group), and UK Abrasives, Inc.

You Can Also Request Absolutely Free Sample Copy at: https://www.millioninsights.com/industry-reports/boron-carbide-market/request-sample

Market Segment:

Report contents include
• Analysis of the boron carbide market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on boron carbide including products, sales/revenues, and market position
• Market structure, market drivers and restraints.

Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• request free sample to get a complete list of companies 

Explore the Latest Press Releases available with Million Insights:

1.  Functional Apparel Market – https://www.millioninsights.com/press-releases/functional-apparel-market

2.  Electronic Soap Dispensers Market – https://www.millioninsights.com/press-releases/electronic-soap-dispenser-market

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/boron-carbide-market