Global Boron Carbide Market 2023-2030

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    GLOBAL BORON CARBIDE MARKET

     

    INTRODUCTION

     

    Boron Carbide is a hard, black crystalline compound made up of boron and carbon. It is one of the hardest materials known to man, and is used in a variety of industrial, military and medical applications.

     

    Boron Carbide is used to make armour-piercing ammunition, sandpaper and bulletproof armour. It is also used in the production of abrasives, grinders and milling cutters.

     

    Boron Carbide has a high melting point of 2800°C and a very low coefficient of thermal expansion. It is also highly resistant to chemical erosion and can withstand temperatures up to 3000°C.

     

    Boron Carbide is an extremely hard ceramic material and has a hardness rating of 9.3 on the Mohs scale, making it harder than diamond. This makes it ideal for use in armour-piercing applications.

     

    Boron Carbide is also a very good electrical insulator and can withstand high voltage without breaking down. It is used in the production of semiconductor devices, such as transistors and diodes. Additionally, it is used in fuel cells and in radiation shielding.

     

    Boron Carbide is also used in the production of cutting tools, abrasives, grinding wheels and milling cutters. It is also used to make wear-resistant coatings and to coat the surfaces of cutting tools.

     

    Boron Carbide has a variety of applications and is an essential part of many industries. Its hardness, low coefficient of thermal expansion and resistance to chemical erosion make it an ideal choice for many applications.

     

    GLOBAL BORON CARBIDE MARKET SIZE AND FORECAST

     

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    The Global Boron Carbide Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

     

    Boron Carbide from Washington Mills is a revolutionary new product developed to provide superior wear protection and strength. It is a ceramic material that has a unique combination of properties including high hardness, corrosion resistance, low specific gravity, and high wear resistance.

     

    Boron Carbide is an ideal material for a wide range of applications from wear protection to aerospace components. It can be used in applications such as armor plates, aerospace components, industrial cutting tools, and grinding wheels.

     

    It also has superior thermal shock resistance, making it ideal for applications in high-temperature environments. Not only does Boron Carbide offer superior wear protection and strength, but it also offers excellent electrical and thermal conductivity.

     

    With its extraordinary properties and versatility, Boron Carbide from Washington Mills is a must-have material for any application requiring superior wear protection and strength.

     

    New Boron Carbide products were just released by Saint-Gobain Abrasives. Boron carbide is a flexible and economical material that is being utilised more frequently in a range of abrasive applications.

     

    It is a strong substance that is more durable than aluminium oxide and has a high level of wear- and corrosion-resistance. This makes it the perfect material for a variety of tasks, including cutting, sandblasting, grinding and polishing, and more.

     

    It is also appropriate for use in military, medical, automotive, and aerospace applications. Additionally, the product comes in a range of sizes and shapes, providing more versatility and customisation.

     

    The Boron Carbide product from Saint-Gobain Abrasives is a wonderful addition to the abrasives industry, providing users with a long-lasting, economical answer for their abrasive demands.

     

    RECENT DEVELOPMENT

     

    BoroShock is being produced and developed by SINTX, adding a higher standard of quality control and a wider range of products. Because it is practically 100% boron carbide that has been densified by pressureless sintering, the SINTX BoroShock material is fairly unique.

     

    Typically, boron carbide is made using hot pressing, which can be very expensive, or through reaction bonding, which might result in boron carbide with worse characteristics because of the metal phase. 

     

    SINTX is confident that they have created a material with the ideal performance to cost ratio. Given that it may be utilised in a range of applications and has features that provide greater performance, they are very enthused about the new material.

     

    It is desirable to use boron carbide as an absorbent for neutron radiation generated in nuclear power reactors because it can take up neutrons without creating long-lived radionuclides.  Boron carbide is used in shutdown pellets, control rods, and shielding for nuclear applications.

     

    To improve its surface area within control rods, boron carbide is frequently powdered. In high performance applications, boron carbide is a significant additive to brake linings due to its great hardness and wear resistance.

     

    In solid-fuel ramjet motors, highly loaded boron carbide and hydroxyl-terminated polybutadiene fuel grains are employed as the fuel. In order to create modern, high-performance metal matrix composites with increased strength, thermal behaviour, chemical inertness, and wear resistance, B4C is added to aluminium alloys.

     

    The first boron carbide facility in Turkey was launched by Erdoan. Boron carbide is used in a variety of defence-related products, including mechanical components for armour that withstand wear.

     

    From protective plates to staff vests, these materials are used in a variety of products. A twofold boost in value is anticipated from the Bandirma facility’s production of about 1,000 tonnes.

     

    The importance of its opening lies in both the added value it will bring to the boron mining industry as well as the strategic contribution it will make to Turkey.

     

    In order to maximise the possible returns on this investment, it is intended to develop a comprehensive system that spans the entire production process, from the raw materials to the finished product.

     

    When operating at full capacity, the facility in western Balkesir’s Bandrma will employ 279 people and generate 1,000 tonnes of boron carbide yearly.

     

    According to earlier remarks made by the ministry of energy and natural resources, Eti Maden, a state-owned mining and chemical products organisation, predominantly harvests boron minerals and derivatives in Türkiye, which holds 73% of the world’s boron deposits.

     

    The agricultural sector’s portion of boron use is growing quickly, with the glass industry using half of it. The agriculture sector’s share increased to 17% last year, a significant increase from the previous two years, demonstrating the sector’s expanding significance in the worldwide boron market.

     

    COMPANY PROFILE

     

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

     

    1. How many Boron Carbide are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Boron Carbide and key vendor selection criteria
    3. Where is the Boron Carbide manufactured? What is the average margin per unit?
    4. Market share of Global Boron Carbide market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Boron Carbide in-house
    6. key predictions for next 5 years in Global Boron Carbide market
    7. Average B-2-B Boron Carbide market price in all segments
    8. Latest trends in Boron Carbide market, by every market segment
    9. The market size (both volume and value) of the Boron Carbide market in 2023-2030 and every year in between?
    10. Production breakup of Boron Carbide market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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