Global Boron carbide Market: Snapshot
The global boron carbide market is expected to show colossal growth during the forecast period of 2019 to 2028. Important factor supporting this estimation is increased use of boron carbide in industrial, nuclear, and defense industries. Boron carbide is widely used as an abrasive for industrial and commercial applications. It is ceramic material produced in an electric arc furnace by reacting carbon and boric oxide.
An upcoming research report from TMR on the global boron carbide market aims at presenting in-depth analysis of important elements impacting positively or negatively on the market growth. Apart from this, it acquaints with steadfast data on volume, shares, revenues, and key players working in the market for boron carbide. Thus, the report provides helpful insights of the boron carbide market for the forecast period of 2019 to 2028.
The global boron carbide market is segmented on the basis of various key factors such as grades, form, application, and region.
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Global Boron carbide Market: Growth Dynamics
Boron carbide is gaining traction in gamut of industries owing to various features it holds. Incredible hardness, high abrasion resistance, and high resistance to wear, industrial shock resistance, impact resistance, and low thermal conductivity are some of the features to name. Owing to all these features, boron carbide is widely used in the manufacturing sector. This factor is stimulating the growth of the global boron carbide market.
Growing demand from refractory industry is projected to support the growth of the global boron carbide market in the forthcoming years. Apart from this, the market for boron carbide is witnessing increased demand avenues from nuclear, aerospace, and automotive industries. In nuclear industries, boron carbide is in high demand for protective ceramic materials. All these factors connote that the global boron carbide holds stupendous demand potential from various industries.
Global Boron carbide Market: Competitive Analysis
The boron carbide market is moderately fragmented in nature. Presence of many small and well-established players makes the competitive landscape of the global boron carbide market highly intense. Vendors working in the global carbide market are pouring efforts to maintain their prominent position. Some of the key strategies in trend today are mergers and acquisitions. A case in point here is the recent acquisition of AVX by Kyocera Corporation. The latest acquisition has strengthened the position of Kyocera Corporation in the global boron carbide market.
Several players in the global boron carbide market are growing their investments in research and development activities. By executing these strategies, they are strengthening their abilities to offer superior quality products. These efforts connote that the global boron carbide market will grow at a rapid pace during the upcoming years.
The list of key players in the global boron carbide market includes:
- Saint-Gobain S.A.
- H.C. Starck GmbH
- Washington Mills
- Kyocera Corporation
- Dynamic-Ceramic Limited
- UK Abrasives Inc.
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Global Boron carbide Market: Regional Assessment
The global boron carbide market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Of them, North America and Europe are some of the prominent regions showing lucrative opportunities in the market for boron carbide. Key reasons supporting this growth are strong technological base, development of nuclear sector, dynamic research and development activities, and launch of innovative products by players in these regions.
The boron carbide market is expected to gain outstanding demand avenues in the forthcoming years. Developing metal fabrication industry in this region is working as a driver for the regional growth of the market for boron carbide.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.