Boron Carbide Market to Record an Exponential CAGR by 2027

“Boron Carbide Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” is the recent report of Future Market Insights that throws light on the overall market scenario during the period of 10-years, i.e. 2017-2027. According to this report, the global boron carbide market is estimated to be valued at US$ 113.7 Mn in terms of value and 8,394 Tons in terms of volume by 2017 end. The global boron carbide market is expected to expand at a CAGR of 4.4% over the forecast period (2017–2027) to reach a value of US$ 174.5 Mn by 2027 end. The market is expected to grow at a CAGR of 3.9% in terms of volume, over the forecast period and reach a volume of 12,342 Tons by 2027 end. Market players are targeting APEJ as their key sales region. China is expected to remain a highly opportunistic market over the forecast period in terms of the overall demand for boron carbide.

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Global Boron Carbide Market: Key Takeaways

Boron carbide finds opportunity in increasing requirement of specialized low medium high tools and machinery; The growth in automotive industry is expected to have significant impact over the forecast period; Increasing annual defence spending by various countries to acquire high tech safety weapons is spurring the demand for boron carbide; The growing interest of governments as well as scientific communities in non-conventional energy resources to facilitate the market growth; Growth in urbanization, especially in the developing countries of Asia Pacific and Middle East & Africa is expected to create demand for boron carbide; Overall GDP growth is expected to positively impact the market through 2027

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Global Boron Carbide Market: Forecast by Region

The seven regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA are covered in this report.

APEJ, Latin America, and MEA to Witness Strong Growth during the Forecast Period

In terms of innovation, China is estimated to remain the centre of the world for production of boron carbide. The market is largely influenced by investments in the Asia Pacific region. New establishments in APEJ, impact the growth of the boron carbide market. The Latin America boron carbide market is estimated to be valued at US$ 36.2 Mn by 2017 end, increasing at a CAGR of 4.7% between years 2017 and 2027

Global Boron Carbide Market: Competitive Landscape

3M Company, ABSCO Limited, Advanced Abrasives Corporation, American Elements, Bhukhanvala Industries Pvt. Ltd., China Mudanjiang Chenxi Boron Carbide Co. Ltd, Dalian Jinma Boron Technology Group Co. Ltd (Dalian Jinma Group), Dalian Zhengxing Abrasive Co. Ltd., Dunhua Zhengxing Abrasive Co. Ltd., Dynamic-Ceramic Limited (CoorsTek), Feldco International, Electro Abrasives LLC, H.C. Starck GmbH, Saint-Gobain S.A, Sigma-Aldrich Co. LLC. (Merck Group), Songshan Specialty Materials Incorporated, UK Abrasives, Inc, and Washington Mills North Grafton, Inc. are some of the key manufactures that are included in this report.

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