Boron Carbide Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

 Overview

Boron Carbide Market is forecast to reach $143.2 million by 2025, after growing at a CAGR of 3.6% during 2020-2025. Increasing consumer demand in abrasives for slurry pumping nozzles, water jet cutting, grit blasting, and polishing & lapping applications are key factors driving the growth of the global boron carbide market. Another factor that supports the growth of the boron carbide market in the coming years is growing annual defense spending by various countries to acquire high-tech anti-ballistic weapons that can withstand the impact of bullets (bulletproof vests), shrapnel, and missiles. The widespread use of high-precision cutting tools and the resulting rise in super abrasive demand would promote the use of cubic boron nitride as a substitute for industrial diamonds.The report covers Boron Carbide Market size by type and Applications, Boron Carbide Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Boron Carbide Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Boron Carbide Market.


Key Takeaways

·         Many companies are currently focusing on R&D and developing products for specific applications in order to gain an advantage over competitors

·         Increasing demand for boron carbide nanoparticles in hard metal industry equipment and increasing demand for more active composite materials for defense applications are one of the key factors driving the global boron carbide market.

·         It is also anticipated that the industry will benefit from increased use of boron carbide in a variety of biomedical devices and brain cancer treatment. This trend is expected to have huge positive impacts over the forecast period on the overall market growth.

Product Type - Segment Analysis

The powder segment is expected to hold the largest share of the market due to increased applications in various end-user industries. The powder products are commonly used in the sintering, gridding of hard metals and polishing industries, while the paste type is used for lapping and gridding in the automotive industry.

Grade - Segment Analysis

The nuclear grade segment holds the largest share in the market for boron carbide in 2019 and is expected to show significant growth in the future due to the high demand for enhanced energy sources and the need for clean energy sources.

Application Type - Segment Analysis

Boron carbide is mainly used as an abrasive in a variety of applications across both industrial and commercial sectors. The material has wide applications in the manufacturing sector due to properties such as high shock resistance, high abrasion resistance, excellent hardness, low thermal conductivity, and high wear and tear resistance. It is also used as neutron absorbent and as an antioxidant in the refractory industry in nuclear reactors.

Location: United States

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