Global Boron Carbide Market: Market Driver and Restraint
Applications of Boron Carbide are anticipated to create new business segments in the market. Boron Carbide is in use for a broad range of Nuclear Applications products such as shielding, and control rod, shut down pellets & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Boron Carbide application is developed towards a more active mode.
Manufacturers are exploring the potential of Boron Carbide in Ballistic Armour. Application of Boron Carbide in ceramic tooling dies, precision toll parts are gaining traction in the recent years. Recently, manufacturers have started using Boron Carbide in the Nozzles area. Further, there are also potential uses in the areas of evaporating boats for materials.
Global Boron Carbide Market: Key Takeaways
· On the one hand, Boron Carbide manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of Boron Carbide such as Refractory Materials.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Global Boron Carbide Market: Forecast by Function
This segment includes Micro Powder, Abrasive Powder, etc. In terms of volume, Micro Powder segment is expected to remain dominant in the global Boron Carbide market.
Global Boron Carbide Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global Boron Carbide market in terms of value. The China Boron Carbide market was estimated to be valued at US$ 83.8 Mn in 2017 and is expected to expand at a value CAGR of 5.1% over the forecast period. The Europe market is expected to expand at a robust rate of 4.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for shielding, and control rod products in this region.
Global Boron Carbide Market: Key Players
3M, JSC "Zaporozhabrasive", Washington Mills, H.C. Starck, Dalian Jinma Boron Technology, Dunhua Zhengxing Abrasive, Mudanjiang Qianjin Boron Carbide, Zhengzhou Yingcheng Technology, Songshan Special Materials, Mudanjiang Chenxi Boron Carbide, Songshan Boron Technology, Dalian Zhengxing Abrasive, Mudanjiang Hongda Boron Carbide, etc. are the key vendors included in this report.
The market concentration of Boron Carbide is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. 3M Chemical is by far the leader, followed by JSC "Zaporozhabrasive" and Washington Mills. Key Vendors like H.C. Starck ,Dalian Jinma Boron Technology , and Dunhua Zhengxing Abrasive, also play important part in regional market, so the market share in each region is quite different.
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