Boron Carbide Market Top Players, Global Trends, Business

Opportunities, and Industry Forecast till 2023

“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.
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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.

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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

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