Boron Carbide Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2022-2028

July 19, 2023

July 19^th,2023/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Boron Carbide Market over the trend period from 2016 to 2021 and forecast period from 2022 to 2028. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Boron Carbide Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Boron Carbide Market is no different. Derived from the previous market scenario, The boron carbide market is expected to grow from USD 385.01 million in 2021 to reach USD 534.3 million by 2028 at a healthy CAGR of 4.71% during the forecast period. 

Key Players:

• The 3M Company
• Absco Limited
• Absco Limited
• Henan Ruiheng New Material Co.Limited
• Höganäs AB
• Kemet International Limited
• Mudanjiang Qianjin Boron Carbide Co., Ltd.
• Saint-Gobain
• UK Abrasives
• WASHINGTON MILLS.

The Boron Carbide Market is segmented by–

• by Grade Type (Abrasive Grade and Nuclear & Defense Grade),
• by Type (Powder, Paste, and Grains),
• by Application Type (Industrial, [Grinding, Lapping, Polishing, and Others], Nuclear, and Defense [Body Armor and Vehicle Armor]),
• by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2028/Boron-Carbide-Market.html#form

Regional analysis:

Asia-Pacific is a major revenue-generating region, accounting for more than half of the global market volume. Growing end-use industries, such as nuclear power plants; rising defense spending, and grading applications are all contributing to strong product demand. The nuclear power industry is one of the verticals that has made a significant contribution to regional development.

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Author : Emily