Boron Carbide (CAS 12069-32-8) Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Recession Impact Analysis)
ID : MRU_
114984 | Date :
Feb, 2023 | Pages :
186 | Region : Global |
Publisher : Ri research
Boron Carbide is one of the hardest materials known, ranking third behind diamond and cubic boron nitride. Boron carbide powder is mainly produced by reacting carbon with B2O3 in an electric arc furnace, through carbothermal reduction or by gas phase reactions. For commercial use B4C powders usually need to be milled and purified to remove metallic impurities. Some of Boron Carbide\'s unique properties include: high hardness, chemical inertness, and a high neutron absorbing cross section.
China is the dominate producer of boron carbide, the production was 8248 MT in 2015, accounting for about 70.79% of the total amount, followed by Europe, with the production market share of 22.37%. China has the highest production growth rate of 4.23% from 2011 to 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved.
At present, in the foreign industrial developed countries the boron carbide industry is generally at a more advanced level, meanwhile, these companies have more advanced equipment, strong R&D capabilities; the technical level is in a leading position. In terms of revenue, leading players in boron carbide industry are 3M, Dunhua Zhengxing Abrasive, Dalian Jinma Boron Technology, JSC Zaporozhabrasive. 3M is the largest manufacturer, with the revenue market share of 18.74% in 2015. The top four companies occupied about 48.68% production share of the market in 2015.
Refractory materials accounted for the largest market with about 29.52% consumption share of the global boron carbide market in 2015. With over 20.82% in the boron carbide market, ballistic armour was the second largest application market in 2015.
Under the influence of raw material, market competitions and economic conditions, the price of boron carbide was fluctuation in recent years and was 17251 USD/MT in2015. In the next few years, we predict that price will decline. As competition intensifies, prices gap between different brands will go narrowing.
The report offers detailed coverage of Boron Carbide (CAS 12069-32-8) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Boron Carbide (CAS 12069-32-8) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Boron Carbide (CAS 12069-32-8) market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Boron Carbide (CAS 12069-32-8) market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
At the same time, we classify Boron Carbide (CAS 12069-32-8) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
Micro Powder
Abrasive Powder Market by Application
Nuclear Applications
Ballistic Armour
Nozzles
Refractory Materials
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Boron Carbide (CAS 12069-32-8) market for the forecast period 2023 - 2030?
• What are the driving forces in the Boron Carbide (CAS 12069-32-8) market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Boron Carbide (CAS 12069-32-8) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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