Global Boron Carbide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Boron Carbide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Boron Carbide market finds that the global Boron Carbide market reached a value of USD 395.88 million in 2022. It’s expected that the market will achieve USD 492.91 million by 2028, exhibiting a CAGR of 3.72% during the forecast period.

High product prices

With the development of economy and the expansion of product application fields, the global market demand for boron carbide powder and boron carbide products is also expanding. The price of products is affected by the market supply and demand relationship, and has been in a stable and rising situation. Although boron carbide has superior properties, the high product price makes it difficult to achieve commercial application of boron carbide in many fields, which limits the development of products.

Product has certain defects

Due to the factors of the preparation method, boron carbide is apt to form carbon defects, which causes the ratio of boron to carbon to change within a wide range without affecting its crystal structure, which often results in a reduction in its physical and chemical properties. In addition, boron carbide is substantially replaced by carbon in the boron lattice. There are several crystal arrangements in boron carbide grains, including those containing graphite-like planes. It will break prematurely along the graphite plane. This leads to inefficient production of boron carbide and adds some unnecessary weight.

Product improvements and updates

With the rapid development of science and technology, enterprises are becoming increasingly dependent on science and technology. Further research on improving the degree of production automation, improving efficiency, and reducing production energy consumption to maximize economic benefits. And increase investment in research and development of high-end products, improve production processes, meet customers' high requirements for product quality, in order to gain a larger market share.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (34.29% in 2022).

Company Overview:

Dalian Jinma Boron Technology Group Co., Ltd. is one of the major players operating in the Boron Carbide market, holding a share of 11.51% in 2023.

Dalian Jinma Boron Technology Group Co., Ltd.

Dalian Jinma Boron Technology Group Co., Ltd. is the world's leading exporter and manufacturer of borax, boric acid and boron carbide neutron absorption materials.

Qinghai Dexin Boron Carbide Co., Ltd.

Qinghai Dexin Boron Carbide Co., Ltd. was established in August 2010. The company produces various grades of boron carbide materials.

Segmentation Overview:

Among different product types, Abrasive Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Refractory segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Boron Carbide market covered in Chapter 3:

CoorsTek
3M
Shimian Baisen Technology Abrasive Co., Ltd.
Dalian Jinma Boron Technology Group Co., Ltd.
Qinghai Dexin Boron Carbide Co., Ltd.
Washington Mills
UK Abrasives Inc
Bhukhanvala Industries Pvt. Ltd.
Mudanjiang Forward Boron Carbide Co., Ltd.
Saint-Gobain
Zaporozhsky Abrasivny Combinat
Qinghai Lucheng Boron Industry Technology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Boron Carbide market from 2018 to 2029 is primarily split into:

Nuclear Grade
Abrasive Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Boron Carbide market from 2018 to 2029 covers:

Nuclear
Boron Carbide Nozzle
Boron Carbide Abrasives
Ballistic Protection
Refractory
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)