Boron Carbide Market Outlook from 2023 to 2033

The global boron carbide market size reached US$ 136.7 million in 2018. Subsequently, boron carbide demand is estimated to reach US$ 256.8 million by 2033.

Over the assessment period from 2023 to 2033, the boron carbide market is projected to exhibit a 5.3% CAGR. It is anticipated to rise at a valuation of US$ 153.9 million in 2023.

Attributes Key Insights
Boron Carbide Market Estimated Size (2023E) US$ 153.9 million
Boron Carbide Market Projected Valuation (2033F) US$ 256.8 million
Value-based Boron Carbide Market CAGR (2023 to 2033) 5.3%
Collective Value Share: Top 3 Countries (2023E) 44.4%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Key Boron Carbide Market Highlights

Construction of New Nuclear Reactors Globally to Drive Product Penetration

The global construction and modernization of nuclear power plants primarily drive the increasing demand for boron carbide in the nuclear industry. With more than 440 nuclear reactors already in operation and an additional 55 under development, the nuclear industry uses boron carbide extensively.

The chemical compound is essential to atomic reactors owing to its unique properties. Its ability to serve as shielding material, control rods, and neutron sensors makes it highly sought-after in this sector. For instance, the United Arab Emirates (UAE) 5.6 GW commercial nuclear power facility in Barakah uses boron carbide to shield the reactor core. It is also used to perform several non-core and in-core tasks.

The United States, which operates many nuclear reactors, relies on boron carbide as a crucial material for controlling atomic processes. Boron carbide's exceptional resistance to extreme temperatures, chemicals, and radiation attacks is set to make it an ideal choice for nuclear applications.

As the global nuclear industry continues to expand and upgrade its infrastructure to meet growing energy needs, demand for the product is expected to increase. Its vital role in enhancing reactor safety and efficiency can further propel demand. Besides, its radiation defense capabilities are set to position it as an essential material in the nuclear sector, driving the boron carbide market.

Significant Demand from the Defense Industry to Drive Growth

National security is a significant concern in several regions across the globe. Governments are also raising their defense budgets to acquire enhanced safety weapons and accessories. Boron carbide products are standard tools in the defense and aerospace industries with applications in making weapon bodies, vehicular armor & defense materials, and nuclear components.

The boron carbide market is expected to rise due to increased production of vehicle armor systems and protective body armor to meet rising defense demand. The market for organic boron carbide is expected to increase as developed and emerging nations are projected to expand their defense spending to upgrade their current armed forces.

A recipe expected to aid in reducing weakness in contemporary armor was created in January 2020 by researchers at Texas A&M University, Johns Hopkins University, Rutgers University, and the Army Research Laboratory. It was discovered that adding silicon to boron carbide can increase the buoyancy of bullet-resistant gear against high-speed impacts. Similar research and development initiatives by top academic institutions will likely drive the market.

Stringent Government Regulations and Expensive Processes to Hinder Growth

Boron carbide products are up to 10 times more expensive than their counterparts. This is estimated further to restrict the growth of the boron carbide market. Stringent government rules and regulations to keep track of environmental pollution are expected to have an indirect impact on the boron carbide market. Industrial sectors such as chemical, automobile, and transportation emit significant carbon monoxide.

The aforementioned sectors also emit nitrogen oxides and other pollutants. This is due to the increasing use of boron carbide. Stringent government regulations enforced in end-use industries such as nuclear industries are also expected to impact the demand for boron carbide.

Boron carbide’s unique characteristic as a prominent material with high relative density, chemical resistance, and melting point makes it comparatively more expensive than other materials available on the market. Another factor contributing to raised prices is high Young’s modulus and relatively low thermal expansion & conductivity.

2018 to 2022 Boron Carbide Market Insights vs. 2023 to 2033 Forecast

The global boron carbide market witnessed a CAGR of 4.1% over the historical period from 2018 to 2022. Boron carbide demand increased significantly for the production of body armor and armored vehicle parts, leading to its apparent growth.

Historical Boron Carbide Market Size (2022) US$ 147.2 million
Historical Value-based Boron Carbide Market CAGR (2018 to 2022) 4.1%

An increased global focus on military modernization and the necessity for advanced protective gear is driving a noticeable surge in the market growth rate. The demand for it as a neutron-absorbing material in nuclear reactors and for atomic shielding applications rose. It was due to the rapid expansion of the atomic energy sector. Concerns over climate change and the need for greener energy sources fueled it.

Industries such as aerospace, electronics, and manufacturing relied on the chemical compound due to its abrasive and wear-resistant properties. These supported its use in cutting tools, precision machining, and wear-resistant coatings. All these factors have increased the demand for the chemical compound.

The market also witnessed supply chain disruptions and price fluctuations due to boron mineral production issues, geopolitical tensions, and raw material price fluctuations, affecting stability. Environmental concerns and regulatory changes also posed challenges for the market during the historical period.

From 2023 to 2033, the market is expected to rise at a significant CAGR of 5.3%. The product’s unique properties are predicted to make it a valuable material in several industries. Its exceptional hardness and lightweight nature are envisaged in defense and aerospace, making it ideal for developing armor and protective equipment.

The automotive sector is set to benefit from its lightweight characteristics, as it is increasingly used in components such as nozzles and brake linings. The nuclear industry is set to rely on it for its neutron-absorbing properties, which could see a rising demand as nuclear power generation continues to expand.

The chemical’s potential growth in ceramic composites, renewable energy, medical & industrial tools, and research & innovation could lead to new applications. The market's prospects depend on economic conditions, technological advancements, and global trends. Boron carbide's utility in these sectors is anticipated to make it well-positioned for growth.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Boron Carbide Market Trends, Opportunities, and Challenges

The table below provides the latest boron carbide market trends, growth obstacles, and upcoming opportunities. An in-depth analysis of global boron carbide market trends would enable stakeholders to invest in the right area and gain profit.

Attributes Key Factors
Latest Trends
  • Demand for boron carbide is set to surge from drilling and laser cutting applications due to its exceptional properties.
  • Trend of pushing defense capabilities and ongoing expansion of the aerospace industry are set to bolster the demand for boron carbide.
Upcoming Opportunities
  • Manufacturing of nuclear-grade boron carbide for the atomic and defense industries, as well as development of the abrasive grade for the automobile industry, is the main focus of producers from all over the world.
  • Due to the high demand from the electronic sector, particularly in East Asia, certain firms are concentrating on growing their capacity for producing abrasive-grade boron carbide.
Challenges
  • As boron carbide relies mainly on the availability of boron ore, its limited sources amid geopolitical complexities related to extraction are likely to hamper demand.
  • Discovering more energy-efficient and cost-effective manufacturing techniques is likely to be a pressing challenge for boron carbide manufacturers.

Country-wise Insights

The below table explains the worldwide demand for the boron carbide market in the top 5 countries. Regional forecast for the boron carbide market by country states that China is anticipated to remain at the forefront in the carbon fiber market by topping a size of US$ 56.2 million by 2033.

The United States is anticipated to reach US$ 52.5 million in 2033. Japan is expected to follow China and the United States to create a moderate boron carbide market size worth US$ 11.0 million.

Countries Market Value (2033)
United States US$ 52.5 million
United Kingdom US$ 6.8 million
China US$ 56.2 million
Japan US$ 11.0 million
South Korea US$ 9.2 million

The table below of the growth potential of the boron carbide market and CAGRs of the top 5 countries are provided. Of the 5, China and South Korea will likely remain in the leading positions in the boron carbide market by exhibiting CAGRs of 7.6% and 6.7%, respectively, from 2023 to 2033. Followed by these, Japan and the United States are expected to witness boron carbide sales at CAGRs of 6.1% and 4.6%, respectively.

Countries Value-based CAGR (2023 to 2033)
United States 4.6%
United Kingdom 3.3%
China 7.6%
Japan 6.1%
South Korea 6.7%

Military Personnel across the United States Use Boron Carbide Ceramic

The defense industry in the United States is currently experiencing a thriving demand for boron carbide, creating ample opportunities for market players. Increasing global security concerns and the need for advanced protective solutions are projected to push the defense industry toward boron carbide-based materials.

The chemical compound is expected to enhance the safety and effectiveness of military personnel & equipment. Lightweight nature of the product can help reduce the weight burden on soldiers while providing superior protection against ballistic threats.

It can also be utilized in producing tank armor, armored vehicles, and aerospace components, further expanding its demand across the defense sector. Owing to this, suppliers and manufacturers in the United States are projected to witness a surge in orders and sales.

They can position themselves in the United States market as critical players in meeting the evolving needs of the defense industry. The United States boron carbide market is expected to represent a total financial potential of US$ 18.9 million between 2023 and 2033.

Need for Abrasive Materials in China Pushes Sales of Boron Carbide Powder

The expanding industrial abrasives industry in China is anticipated to influence the boron carbide market substantially. As the country’s industrial sector expands and modernizes to boost efficiency, there is a rising need for high-performance abrasive materials. Boron carbide’s properties are projected to make it a preferred choice for cutting, grinding, and polishing applications, where durability and precision are paramount.

The government's focus on developing infrastructure and producing automobiles is another crucial factor augmenting boron carbide sales. Rapid growth of China's aerospace and defense sectors, which require abrasive materials for several applications, can also contribute to the rising demand for the product. The boron carbide market in China is expected to rise at a CAGR of 7.6% during the forecast period.

United Kingdom-based Wear-resistant Coating Firms to Adopt Boron Carbide

The United Kingdom is likely to top a valuation of US$ 6.8 million by 2033 in the boron carbide market. It is projected to witness a CAGR of 3.3% from 2023 to 2033.

Ability of boron carbide to offer lightweight and exceptional hardness properties is expected to make it essential in high-hardness materials such as armor used in the aerospace and defense industries. Rising aerospace activities and high defense spending in the United Kingdom are set to aid boron carbide demand.

Abrasives, instruments for cutting, and resilient-to-wear coatings are just a handful of the industrial uses for boron carbide. A developing industrial sector in the United Kingdom is expected to need additional boron carbide for these uses.

Radiation shielding materials and nuclear reactors use boron carbide as a neutron absorber. Increased demand can result from surging investment in the nuclear sector, which includes research and power production.

Boron Carbide Suppliers in Japan Find High Demand from Aviation Industry

Japan will likely showcase a CAGR of 6.1% in the boron carbide market during the estimated time frame. The country is set to reach a valuation of US$ 11.0 million by 2033.

Japan is well-represented in the worldwide electronics and technology industries. Precision tools, electronic component manufacturing machinery, and other products can all be made from boron carbide. Boron carbide ceramics in high-tech applications are expected to surge with demand for premium goods and infrastructure.

Owing to its lightweight and great strength, boron carbide is frequently required by the aerospace and aviation sectors in Japan. With the ongoing expansion of the aviation industry, boron carbide sales are estimated to rise in the country.

Applications for boron carbide also include water treatment and the reduction of pollutants. Increased use of boron carbide in several fields is anticipated to result from Japan's emphasis on environmentally sound practices and cutting-edge technology.

Boron Carbide in Electronics to Witness Surging Demand in South Korea

South Korea is expected to reach US$ 9.2 million by 2033 in the boron carbide market. The country is likely to register a CAGR of 6.7% from 2023 to 2033.

South Korea is a significant electronics and semiconductor producer in the worldwide technologically advanced manufacturing sector. Protective coatings, wire bonding, and ceramic cutting tools are examples of the equipment and production processes that can use boron carbide. Requirement for boron carbide is expected to be influenced by the high-tech industry's continuing expansion.

Universities, research centers, and IT firms comprise South Korea's rich research and development ecosystem. In several scientific disciplines, boron carbide is a substance of interest. The desire for boron carbide in clinical trials is anticipated to be influenced by ongoing studies and the search for cutting-edge materials.

Due to regional security concerns, South Korea keeps a substantial military presence. Armor supplies, protective clothing, and military hardware all use boron carbide. Rising need for boron carbide in the aerospace and defense sectors could come from a surging focus on national security and defense modernization.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Category-wise Insights

Boron Carbide in Abrasives to Showcase High Demand Through 2033

The table below highlights the global demand for boron carbide by grade. Under grade, the abrasive segment, while smaller, is set to generate a significant share of 67.8% through 2033 in the boron carbide market. It is expected to be followed by nuclear and refractory segments in the B4C market.

Category Grade
Sub-category Abrasive
Share in Boron Carbide Market (2023) 67.8%

The abrasive grade segment is estimated to hold around 67.8% of the global boron carbide market share in 2023. Sales of abrasives are expected to exhibit significant growth in the construction industry. This projection is primarily driven by the diverse range of applications associated with abrasive grade.

The automotive and aerospace sectors rely on abrasive grades for cutting and shaping parts made of hard materials such as metals and composites. It is utilized in the electronics industry for accurately machining semiconductor materials. All these factors contribute to high boron carbide consumption across consumer electronics as well as industrial electrical applications.

In the construction business, concrete is sliced and polished using abrasive grade boron csrbide. These versatile applications are projected to contribute to the growing demand for this grade. As industries continue to seek higher efficiency, quality, and precision in their manufacturing processes, the demand for high-performance abrasive grades is expected to rise.

Applications of Boron Carbide to Expand in Industrial Abrasives

The table below highlights the global demand for boron carbide by end-use. Under end-use, while smaller, the industrial abrasive segment is set to showcase a significant CAGR of 5.6% through 2033 in the boron carbide market. It is expected to be followed by refractory materials, armors & ballistic protection, neutron shielding, shields & panels, and other segments.

Category End-Use
Sub-category Industrial Abrasive
Value-based CAGR (2023 to 2033) 5.6%

In terms of end-use, the industrial abrasive segment is expected to dominate the global boron carbide market in 2023. It is estimated to continue this dominance during the forecast period. The segment is anticipated to expand at a CAGR of 5.6% during the forecast period.

Industrial abrasive materials are in demand from manufacturing sectors for cutting, grinding, and shaping hard metals and alloys, enhancing efficiency and precision. These abrasives are essential for shaping and polishing ceramic parts in the ceramics industry. The precision machining industry is anticipated to gain impetus from their usage to produce fine surface finishes on metals such as steel and tungsten.

The necessity for high-quality, long-lasting abrasives that can endure the rigors of industrial operations while giving consistent results are set to propel demand in these applications. As industries continue to seek advanced materials to improve productivity, the industrial abrasive segment is expected to play a pivotal role in boosting the boron carbide market.

Competitive Landscape

The global boron carbide market is a reasonably consolidated space with a certain number of players highly active in the field. Key participants are estimated to account for about 40 to 45% of the global boron carbide market share.

The boron carbide ceramics market is also likely to witness the presence of several small and medium-sized players. These players are set to propel the market and provide competition to tier-1 players.

Leading industry players are making significant investments in research & development to expand the uses of B4C powder. The use of this chemical compound on the global market is further boosted by incorporating new technologies into their products.

Manufacturers in the ceramic materials industry are also set to produce boron carbide products, which have a longer life and can be utilized in various applications on several materials. This is expected to result from automotive, chemical, construction, and aerospace advancements.

For instance,

  • In September 2023, Expanse at the San Diego Supercomputer Center (SDSC) at UC San Diego was used by University of Florida (UF) researchers. They aimed to examine stress effects on the practical yet naturally fragile boron carbide at the atomic level. The scientists used Expanse-powered molecular dynamics simulations to show bond breaking due to stretching or induced tensile shock. In the European Journal of Mechanics - A/Solids, the findings have been published.
  • In April 2023, Nanovia, a France-based manufacturer of unique 3D printing filaments launched an innovative boron carbide enriched filament called Flex B4C. It can be utilized for neuron shielding in the nuclear energy industry. Identical in principle to Nanovia's PLA XRS, which uses barium sulfate to filter X-rays, is Nanovia Flex B4C. The company has been employing B4C on the Cr range ceramic filament that is specified for sintering for a while.
  • In March 2023, President Recep Tayyip Erdoan officially opened the nation's first boron carbide plant, Türkiye’s critical facility for processing boron. According to Erdoan, the US$ 80 million Bandrma Boron Carbide Production Facility will be the first of its sort in the entire globe. The Bandrma factory is anticipated to produce about 1,000 tons, increasing value by double. The announcement will be important for both the strategic benefit it will provide to Türkiye, as well as for improving the value added of boron mining.

Scope of Boron Carbide Market Report

Attribute Details
Boron Carbide Market Estimated Size (2023) US$ 153.9 million
Boron Carbide Market Projected Value (2033) US$ 256.8 million
Value-based Boron Carbide Market CAGR (2023 to 2033) 5.3%
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Industry Analysis Value (US$ million) and Volume (tons)
Key Countries Covered in Boron Carbide Market United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Gulf Cooperation Council countries, Türkiye, Northern Africa, South Africa
Key Segments Covered in Boron Carbide Market Grade, Physical Form, End-Use, and Region
Key Companies Profiled in Boron Carbide Market Washington Mills North Grafton, Inc.; Saint-Gobain S.A.; 3M; UK Abrasives, Inc.; Songshan Specialty Materials, Inc.; ABSCO Limited; Advanced Abrasives Corporation; Dalian Zhengxing Abrasive Co., Ltd.; Henan E-Grind Abrasives Co. Ltd; Bhukhanvala Industries Pvt. Ltd.; Feldco International; U.S. Electrofused Minerals, Inc.; CDH Fine Chemicals; TRBOR; Schunk Ingenieurkeramik GmbH; Ultrananotech Private Limited; Universal Hard Metal Co; Mudanjiang Jingangzuan Boron Carbide Co., Ltd; Advanced Abrasives Corporation
Boron Carbide Market Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restrain opportunity, and Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Boron Carbide Market Outlook by Category

Boron Carbide Market by Grade:

  • Abrasive
    • Macrogrit
    • Microgrit
  • Nuclear
  • Refractory

Boron Carbide Market by Physical Form:

  • Powder
  • Granular
  • Paste

Boron Carbide Market by End-Use:

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

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

Frequently Asked Questions

What is boron carbide widely used for?

Boron carbide is set to find extensive use in industrial abrasives.

How big is the boron carbide market?

The boron carbide market is expected to top a valuation of US$ 256.8 million by 2033.

Who are the leading boron carbide manufacturers?

3M and Saint-Gobain S.A. are the leading boron carbide manufacturers.

What are the different grades of boron carbide?

Abrasive, nuclear, and refractory are the three main grades of boron carbide.

What are the latest trends in the boron carbide market?

High demand for advanced protective gear is a leading boron carbide market trend.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (ton) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (ton) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Grade

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. List of Probable End-Users

        8.3.4. Avg. Profitability Margins

    8.4. COVID-19 Crisis - Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Global Supply Demand Analysis

    8.7. Trade Scenario (For Nearest HS Code 284990)

    8.8. Porter Five Force Analysis

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume Analysis By Grade, 2018 to 2022

    9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Grade, 2023 to 2033

        9.3.1. Abrasive

            9.3.1.1. Macrogirt

            9.3.1.2. Microgrit

        9.3.2. Nuclear

        9.3.3. Refractory

    9.4. Market Attractiveness Analysis By Grade

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Physical Form

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ million) and Volume Analysis By Physical Form, 2018 to 2022

    10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Physical Form, 2023 to 2033

        10.3.1. Powder

        10.3.2. Granular

        10.3.3. Paste

    10.4. Market Attractiveness Analysis By Physical Form

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ million) and Volume Analysis By End-Use, 2018 to 2022

    11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End-Use, 2023 to 2033

        11.3.1. Armors & Ballistic Protection

            11.3.1.1. Body Armors

            11.3.1.2. Vehicle Armors

        11.3.2. Industrial Abrasives

            11.3.2.1. Grinding and Polishing

            11.3.2.2. Cutting Tool

        11.3.3. Neutron Shielding (Nuclear Reactor)

        11.3.4. Shields & Panels

        11.3.5. Refractory Materials

        11.3.6. Others

    11.4. Market Attractiveness Analysis By End-Use

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022

    12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Western Europe

        12.3.4. Eastern Europe

        12.3.5. East Asia

        12.3.6. South Asia & Pacific

        12.3.7. Middle East & Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        13.4.1. By Country

            13.4.1.1. United States

            13.4.1.2. Canada

            13.4.1.3. Mexico

        13.4.2. By Grade

        13.4.3. By Physical Form

        13.4.4. By End-Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Grade

        13.5.3. By Physical Form

        13.5.4. By End-Use

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Chile

            14.4.1.3. Peru

            14.4.1.4. Rest of Latin America

        14.4.2. By Grade

        14.4.3. By Physical Form

        14.4.4. By End-Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Grade

        14.5.3. By Physical Form

        14.5.4. By End-Use

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. United Kingdom

            15.4.1.5. Spain

            15.4.1.6. Benelux

            15.4.1.7. Rest of Western Europe

        15.4.2. By Grade

        15.4.3. By Physical Form

        15.4.4. By End-Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Grade

        15.5.3. By Physical Form

        15.5.4. By End-Use

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.4.1. By Country

            16.4.1.1. Russia

            16.4.1.2. Poland

            16.4.1.3. Hungary

            16.4.1.4. Romania

            16.4.1.5. Czech Republic

            16.4.1.6. Rest of Europe

        16.4.2. By Grade

        16.4.3. By Physical Form

        16.4.4. By End-Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Grade

        16.5.3. By Physical Form

        16.5.4. By End-Use

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. Association of Southeast Asian Nations

            17.4.1.3. Australia & New Zealand

            17.4.1.4. Rest of South Asia & Pacific

        17.4.2. By Grade

        17.4.3. By Physical Form

        17.4.4. By End-Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Grade

        17.5.3. By Physical Form

        17.5.4. By End-Use

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.4.1. By Country

            18.4.1.1. China

            18.4.1.2. Japan

            18.4.1.3. South Korea

        18.4.2. By Grade

        18.4.3. By Physical Form

        18.4.4. By End-Use

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Grade

        18.5.3. By Physical Form

        18.5.4. By End-Use

    18.6. Market Trends

    18.7. Key Market Participants - Intensity Mapping

    18.8. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    19.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        19.4.1. By Country

            19.4.1.1. Kingdom of Saudi Arabia

            19.4.1.2. United Arab Emirates

            19.4.1.3. Türkiye

            19.4.1.4. Northern Africa

            19.4.1.5. South Africa

            19.4.1.6. Israel

            19.4.1.7. Rest of Middle East & Africa

        19.4.2. By Grade

        19.4.3. By Physical Form

        19.4.4. By End-Use

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Grade

        19.5.3. By Physical Form

        19.5.4. By End-Use

    19.6. Market Trends

    19.7. Key Market Participants - Intensity Mapping

    19.8. Drivers and Restraints - Impact Analysis

20. Country-wise Market Analysis

    20.1. United States Market Analysis

        20.1.1. By Grade

        20.1.2. By Physical Form

        20.1.3. By End-Use

    20.2. Canada Market Analysis

        20.2.1. By Grade

        20.2.2. By Physical Form

        20.2.3. By End-Use

    20.3. Mexico Market Analysis

        20.3.1. By Grade

        20.3.2. By Physical Form

        20.3.3. By End-Use

    20.4. Brazil Market Analysis

        20.4.1. By Grade

        20.4.2. By Physical Form

        20.4.3. By End-Use

    20.5. Chile Market Analysis

        20.5.1. By Grade

        20.5.2. By Physical Form

        20.5.3. By End-Use

    20.6. Peru Market Analysis

        20.6.1. By Grade

        20.6.2. By Physical Form

        20.6.3. By End-Use

    20.7. Germany Market Analysis

        20.7.1. By Grade

        20.7.2. By Physical Form

        20.7.3. By End-Use

    20.8. Italy Market Analysis

        20.8.1. By Grade

        20.8.2. By Physical Form

        20.8.3. By End-Use

    20.9. France Market Analysis

        20.9.1. By Grade

        20.9.2. By Physical Form

        20.9.3. By End-Use

    20.10. United Kingdom Market Analysis

        20.10.1. By Grade

        20.10.2. By Physical Form

        20.10.3. By End-Use

    20.11. Spain Market Analysis

        20.11.1. By Grade

        20.11.2. By Physical Form

        20.11.3. By End-Use

    20.12. Russia Market Analysis

        20.12.1. By Grade

        20.12.2. By Physical Form

        20.12.3. By End-Use

    20.13. Poland Market Analysis

        20.13.1. By Grade

        20.13.2. By Physical Form

        20.13.3. By End-Use

    20.14. Hungary Market Analysis

        20.14.1. By Grade

        20.14.2. By Physical Form

        20.14.3. By End-Use

    20.15. Romania Market Analysis

        20.15.1. By Grade

        20.15.2. By Physical Form

        20.15.3. By End-Use

    20.16. Czech Republic Market Analysis

        20.16.1. By Grade

        20.16.2. By Physical Form

        20.16.3. By End-Use

    20.17. China Market Analysis

        20.17.1. By Grade

        20.17.2. By Physical Form

        20.17.3. By End-Use

    20.18. Japan Market Analysis

        20.18.1. By Grade

        20.18.2. By Physical Form

        20.18.3. By End-Use

    20.19. South Korea Market Analysis

        20.19.1. By Grade

        20.19.2. By Physical Form

        20.19.3. By End-Use

    20.20. India Market Analysis

        20.20.1. By Grade

        20.20.2. By Physical Form

        20.20.3. By End-Use

    20.21. Association of Southeast Asian Nations Market Analysis

        20.21.1. By Grade

        20.21.2. By Physical Form

        20.21.3. By End-Use

    20.22. Australia and New Zealand Market Analysis

        20.22.1. By Grade

        20.22.2. By Physical Form

        20.22.3. By End-Use

    20.23. Kingdom of Saudi Arabia Market Analysis

        20.23.1. By Grade

        20.23.2. By Physical Form

        20.23.3. By End-Use

    20.24. United Arab Emirates Market Analysis

        20.24.1. By Grade

        20.24.2. By Physical Form

        20.24.3. By End-Use

    20.25. Israel Market Analysis

        20.25.1. By Grade

        20.25.2. By Physical Form

        20.25.3. By End-Use

    20.26. Türkiye Market Analysis

        20.26.1. By Grade

        20.26.2. By Physical Form

        20.26.3. By End-Use

    20.27. South Africa Market Analysis

        20.27.1. By Grade

        20.27.2. By Physical Form

        20.27.3. By End-Use

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies (Boron Carbide)

    21.2. Market Concentration

    21.3. Market Share Analysis of Top Players

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Deep Dive

        22.3.1. Washington Mills North Grafton, Inc.

            22.3.1.1. Overview

            22.3.1.2. Product Portfolio

            22.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.1.4. Sales Footprint

            22.3.1.5. Strategy Overview

        22.3.2. 3M Company

            22.3.2.1. Overview

            22.3.2.2. Product Portfolio

            22.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.2.4. Sales Footprint

            22.3.2.5. Strategy Overview

        22.3.3. Henan E-Grind Abrasives Co. Ltd

            22.3.3.1. Overview

            22.3.3.2. Product Portfolio

            22.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.3.4. Sales Footprint

            22.3.3.5. Strategy Overview

        22.3.4. Bhukhanvala Industries Pvt. Ltd.

            22.3.4.1. Overview

            22.3.4.2. Product Portfolio

            22.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.4.4. Sales Footprint

            22.3.4.5. Strategy Overview

        22.3.5. Feldco International

            22.3.5.1. Overview

            22.3.5.2. Product Portfolio

            22.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.5.4. Sales Footprint

            22.3.5.5. Strategy Overview

        22.3.6. Saint Goban S.A

            22.3.6.1. Overview

            22.3.6.2. Product Portfolio

            22.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.6.4. Sales Footprint

            22.3.6.5. Strategy Overview

        22.3.7. United States Electrofused Minerals, Inc

            22.3.7.1. Overview

            22.3.7.2. Product Portfolio

            22.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.7.4. Sales Footprint

            22.3.7.5. Strategy Overview

        22.3.8. UK Abrasives, Inc

            22.3.8.1. Overview

            22.3.8.2. Product Portfolio

            22.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.8.4. Sales Footprint

            22.3.8.5. Strategy Overview

        22.3.9. Specialty Materials

            22.3.9.1. Overview

            22.3.9.2. Product Portfolio

            22.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.9.4. Sales Footprint

            22.3.9.5. Strategy Overview

        22.3.10. ABSCO Limited

            22.3.10.1. Overview

            22.3.10.2. Product Portfolio

            22.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.10.4. Sales Footprint

            22.3.10.5. Strategy Overview

        22.3.11. Dalian Zhengxing Abrasive Co., Ltd

            22.3.11.1. Overview

            22.3.11.2. Product Portfolio

            22.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.11.4. Sales Footprint

            22.3.11.5. Strategy Overview

        22.3.12. TRBOR

            22.3.12.1. Overview

            22.3.12.2. Product Portfolio

            22.3.12.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.12.4. Sales Footprint

            22.3.12.5. Strategy Overview

        22.3.13. Schunk Ingenieurkeramik GmbH

            22.3.13.1. Overview

            22.3.13.2. Product Portfolio

            22.3.13.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.13.4. Sales Footprint

            22.3.13.5. Strategy Overview

        22.3.14. Ultrananotech Private Limited

            22.3.14.1. Overview

            22.3.14.2. Product Portfolio

            22.3.14.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.14.4. Sales Footprint

            22.3.14.5. Strategy Overview

        22.3.15. Universal Hard Metal Co.

            22.3.15.1. Overview

            22.3.15.2. Product Portfolio

            22.3.15.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.15.4. Sales Footprint

            22.3.15.5. Strategy Overview

        22.3.16. Dunhua Zhengxing Abrasive Co., Ltd.

            22.3.16.1. Overview

            22.3.16.2. Product Portfolio

            22.3.16.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.16.4. Sales Footprint

            22.3.16.5. Strategy Overview

        22.3.17. Mudanjiang Jingangzuan Co., Ltd

            22.3.17.1. Overview

            22.3.17.2. Product Portfolio

            22.3.17.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.17.4. Sales Footprint

            22.3.17.5. Strategy Overview

        22.3.18. Advanced Abrasives Corporation

            22.3.18.1. Overview

            22.3.18.2. Product Portfolio

            22.3.18.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.18.4. Sales Footprint

            22.3.18.5. Strategy Overview

23. Assumptions and Acronyms Used

24. Research Methodology

Recommendations

Chemicals & Materials

Pyrolytic Boron Nitride Market

October 2023

REP-GB-8048

150 pages

Chemicals & Materials

Boron Trifluoride & Complexes Market

October 2023

REP-GB-4067

250 pages

Chemicals & Materials

Hydraulic Fluids Market

September 2023

REP-GB-17990

350 pages

Chemicals & Materials

Sodium Caseinate Market

September 2023

REP-GB-2303

272 pages

Explore Chemicals & Materials Insights

View Reports
Future Market Insights

Boron Carbide Market

Schedule a Call