Press release
What are the Factors that drives the Growth & Opportunities for Of Global Nano Boron Carbide Market?
Nano boron carbide is used as a degrader in conventional brain cancer radiotherapy. It can curb protons energy released during process without scattering. Graphite being its substitute is not efficient in screening the energy. Global cancer therapy market may grow at over 20% reaching USD 55 billion by 2024 which might drive product demand owing to rising prevailing brain tumors incidences.
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It is a fine black powder consists of boron carbide particles sizing approximately over 40 nm in diameter. Nano boron carbide is used in various industries attributing to its hardness, unique neutron interaction, high temperature resistant and self-lubrication characteristics. Nano boron carbide is manufactured in heat furnace at by using petroleum coke and boric acid as key raw materials. The process can convert only 15% charge into boron carbide.
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Nano boron carbide has major significance in nuclear application due to its high neutron absorption quality used in nuclear shielding It is used as an additive to concrete for constructing nuclear plants and as protective coating over nuclear shielding panels & reaction control rods. Global nuclear energy demand exceeded 2500 TW-h in 2016 and might grow at a rate of over 5% driving product demand during forecast period.
Increasing Nano boron carbide application scope in military owing to its growing use in ceramic body armor manufacturing. These armors are light in weight, withstand extreme temperature, wear, corrosion and possess special electrical properties. Growing political instability and increased defense spending will propel industry growth. It is also used in manufacturing heavy armored protection systems of aircraft, ships and vehicles.
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According to analysis, recent innovation provides microparticulate carbide reinforced in carbon nanotubes which consists of carbon Nano lumps formed on the tube surface. This method enables carbide particles use as composite fillers in manufacturing high strength composite materials with improved load transfer characters.
Reasons to Buy This Report:
1. Nano Boron Carbide Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Nano Boron Carbide Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
North America driven by Canada and the U.S. Nano boron carbide market size may grow significantly. Increased spending in defense for growing security concern and global terrorism along with revamped medical industry supported by cancer treatment technology innovations propel regional industry growth.
The Nano Boron Carbide Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Nano Boron Carbide Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Nano Boron Carbide Product Insights
16. Nano Boron Carbide Application Insights
17.Nano Boron Carbide Regional Insights
18. Competitor Profiles
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Global Nano boron carbide market is moderately fragmented. Some key players include Element Six, 3M Company, Saint-Gobain, Momentive, Starck, Dalian Zhengxing Abrasive Co., Beijing ZhengdaHuayi Boron Carbide Products Co., and hengzhou Zhendong Technology.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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