Detailed Analysis of Boron Carbide Market | Business Growth, Development Factors, Current and Future Trends till 2030 | Oracle, Kenexa, Halogen Software, SAP, Ceridian

The global boron carbide market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2023-2030). Boron carbide can be used for developing military tanks as well as enhancing bullet-resistance properties of body armour, ongoing advancements in the defense sector will augment consumption across geographies. The boron carbide demand is expected to rise significantly across the globe due to many reasons, such as a significant number of developments relating to protection technology. The first reason is an increasing amount of investment going into researching new ways to protect people from bullets, including creating better protective gear like ballistic helmets and armored vehicles made out of different materials. For instance, in May 2020, Craig International Ballistics obtained the contract to deliver Australian-manufactured soft body armour to the Australian Defence Force (ADF). Under the initial $1.0 million contract, delivery was 750 soft armour inserts to the Australian Defence Force (ADF). The Australian-made armours replaced the old armour used in service. The company has also previously provided protection element for the Australian army's soldier combat ensemble, which consists of hard ballistic plates, soft armour inserts and additional extremity protection

Many countries across the globe are very concerned about national security. To purchase upgraded safety weaponry and accessories, governments are also increasing their defence budget. Products made of boron carbide are commonplace in the aerospace and defense sectors, where they are used to create nuclear components, armoured vehicles, weapon bodies, and defence materials. The US spent $766 billion on national defence during fiscal year (FY) 2022, which amounted to 12 percent of federal spending. Such spending indicates that US have prioritized national defence as a key part of budget, indeed they spends more on defence, relative to the size of its economy, than any other member of the G7. Boron makes defence and aerospace applications so advantageous is its ability to withstand extreme temperatures without melting or becoming brittle and being an excellent conductor of electricity at low cost. Due to these special properties, it is usually used in designing parts for aircraft because it outperforms most metals in terms of performance over time and causes less interference in electrical systems.

To Request a Sample of our Report on Boron Carbide Market:  https://www.omrglobal.com/request-sample/boron-carbide-market

Market Coverage

The market number available for - 2023-2030
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Grade
By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes 3M, Henan E-Grind Abrasives Co., Ltd., Feldco International, and others.

Boron Carbide Market Report Segment

By Grade

Abrasive Grade
Nuclear Grade

By Type

Powder
Grains
Paste

By Application

Armors & Ballistic Protection 
Body Armors
Vehicle Armors 
Industrial Abrasives 
Grinding and Polishing 
Cutting Tool 
Nuclear
Others (Shields & Panels, Refractory Materials)

A full Report of Boron Carbide Market is Available @  https://www.omrglobal.com/industry-reports/boron-carbide-market

Boron Carbide Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Absco Limited
Advanced Abrasives Corp.
Bhukhanvala Industries Pvt. Ltd.
CoorsTek Inc.
Dalian Zhengxing Abrasive Co.
Feldco International
Höganäs AB
Mudanjiang Jingangzuan Boron Carbide Co., Ltd.
Precision Ceramics USA
Saint-Gobain S.A.
Schunk Ingenieurkeramik GmbH
TRBOR
S. Electrofused Minerals, Inc.
UK Abrasives, Inc.
Ultrananotech Private Ltd.
Universal Hard Metal Co.
Washington Mills Electro Minerals Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/boron-carbide-market

 

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.