Boron Carbide Market trends research and projections for 2018 - 2024
The Boron Carbide Market trends are analysis from recent past with an eye on coming years in this report that also offers projections for Boron Carbide Industry targeted at helping in business decisions.
The Boron Carbide Market trends are analysis from recent past with an eye on coming years in this report that also offers projections for Boron Carbide Industry targeted at helping in business decisions.
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<strong>Boron</strong> <strong>Carbide</strong> <strong>Market</strong> to Witness A<br />
Phenomenal Growth over <strong>2018</strong> to <strong>2024</strong><br />
Rising product dem<strong>and</strong> in abrasives <strong>for</strong> making nozzles <strong>for</strong> slurry pumping, water jet<br />
cutting, grit blasting, <strong>and</strong> in polishing & lapping applications are the key factors driving<br />
the global <strong>Boron</strong> <strong>Carbide</strong> <strong>Market</strong> growth over the <strong>for</strong>ecast period. It can also be used<br />
<strong>for</strong> dressing diamond tools. Increasing annual defense expenditure by various<br />
countries to acquire high tech anti-ballistic weapons that can resist the impact of<br />
bullets, shrapnel, <strong>and</strong> missile are other factor that supplement the boron carbide<br />
market growth in the upcoming years.<br />
<strong>Boron</strong> <strong>Carbide</strong> <strong>Market</strong> is an extremely hard <strong>and</strong> covalent material chiefly used as an<br />
abrasive <strong>for</strong> commercial as well as industrial applications used in, bulletproof vests,<br />
tank armor, engine sabotage powder, as well as various industrial applications. The<br />
product is manufactured in an electric arc furnace by reacting boric oxide <strong>and</strong> carbon,<br />
through carbothermal reduction or by gas phase reactions.<br />
It is one of the hardest material behind cubic boron nitride <strong>and</strong> diamond, having<br />
incredible hardness, high resistance to wear, good nuclear properties industrial shock<br />
resistance, impact resistance <strong>and</strong> low thermal conductivity. The product is also used<br />
in refractory industry as an antioxidant <strong>and</strong> it acts as a neutron radiation absorbent in<br />
nuclear sector.<br />
Based on <strong>for</strong>m, global boron carbide market can be segmented into grains, powder,<br />
<strong>and</strong> paste. The powder <strong>and</strong> grain product <strong>for</strong>m are widely used in industries <strong>for</strong><br />
sintering, gridding of hard metals <strong>and</strong> polishing while, paste <strong>for</strong>m is used in the<br />
automotive sector <strong>for</strong> lapping <strong>and</strong> gridding.<br />
<strong>Market</strong> <strong>research</strong> reports: Key analytical components<br />
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The diverse application areas of the boron carbide market include abrasives, nozzles,<br />
nuclear applications, ballistic armor <strong>and</strong> others such as, ceramic tooling dies, precision<br />
toll parts, mortars <strong>and</strong> pestles. etc. Increasing product applications in nuclear<br />
industries due to rising energy dem<strong>and</strong> will contribute to the growth of nuclear power<br />
plants over the <strong>for</strong>ecast period.<br />
Rapid growth in end-use verticals such as ceramic, refractory, <strong>and</strong> abrasive industries<br />
plastics in Asia-pacific along with the growing North American industry attributable to<br />
high adoption of this chemical in defense sector <strong>for</strong> production of anti-ballistics<br />
weapons will propel the boron carbide market in coming years. Rising expenditure in<br />
establishment of nuclear plants in Western Europe will likely to augment the boron<br />
carbide market over the <strong>for</strong>ecast period.<br />
The prominent players in the boron carbide market are 3M Company, Advanced<br />
abrasives corporation, Momentive per<strong>for</strong>mance materials, Sigma-Aldrich, American<br />
elements, Dynamic-Ceramic Limited, Feldco International, ABSCO limited, Electro<br />
Abrasives LLC, H.C. starck, Dalian Jinma <strong>Boron</strong> Technology Group, Saint-Gobain<br />
S.A, UK abrasives Inc, Dunhua zhengxing abrasive company, S<strong>and</strong>vik Hyperion <strong>and</strong><br />
Washington mills.<br />
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