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Boron Carbide Market Share

  • Report ID: GMI2632
  • Published Date: May 2021
  • Report Format: PDF
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Boron Carbide Market Share

The boron carbide industry is consolidated with the top ten market players holding major in the market. Manufacturers are adopting strategic initiatives, such as production capacity expansion, acquisitions, and mergers, to tap extra market share and increase their business productivity. For instance, in 2019, Turkey built a new boron carbide production facility with a production capacity of around 1,000 - 1,500 tons of boron carbide annually. Additionally, boron carbide that will be produced in this plant has low-density and a high level of resistance to large temperatures, which are ideal for defense application use such as armored vehicles, aircraft, helicopters, tanks, and artillery tubes.
 

Some of the key manufacturers of the boron carbide industry are

  • Höganäs AB
  • Absco Limited
  • Henan Ruiheng New Material Co., Limited
  • Mudanjiang Qianjin Boron Carbide Co., Ltd.
  • Kemet International Limited
  • Saint-Gobain
  • WASHINGTON MILLS
  • 3M
  • Absco Limited
  • CoorsTek Inc.
  • UK Abrasives, Inc.
  • Precision Ceramics USA
Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Boron carbide industry size was valued at around USD 347.21 million in 2020 and is expected to register a CAGR of over 4.9% through 2027.

The market for abrasive grade boron carbide could surpass USD 250 million in annual value by 2027 led by increased application in ultrasonic drilling and ceramics plate production.

Nuclear applications hold around 15% revenue share of boron carbide industry and will grow with increasing number of new nuclear power projects in emerging countries.

The demand for boron carbide in defense applications could increase at a 5% CAGR up to due to applications in production of vehicle armor systems and protective body jackets.

Asia Pacific holds around 50% share of boron carbide market in terms of volume and will grow owing to expansion of nuclear power projects and increasing defense spending.

Boron Carbide Market Scope

  • Boron Carbide Market Size
  • Boron Carbide Market Analysis
  • Boron Carbide Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 12
    • Tables & Figures: 245
    • Countries covered: 19
    • Pages: 220
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