Global Boron carbide Market: Snapshot
The globalboron carbide market is expected to show colossal growth during theforecast period of 2019 to 2028. Important factor supporting this estimation isincreased use of boron carbide in industrial, nuclear, and defense industries.Boron carbide is widely used as an abrasive for industrial and commercialapplications. It is ceramic material produced in an electric arc furnace byreacting carbon and boric oxide.
Anupcoming research report from TMR on the global boron carbide market aims atpresenting in-depth analysis of important elements impacting positively ornegatively on the market growth. Apart from this, it acquaints with steadfastdata on volume, shares, revenues, and key players working in the market forboron carbide. Thus, the report provides helpful insights of the boron carbidemarket for the forecast period of 2019 to 2028.
The globalboron carbide market is segmented on the basis of various key factors such asgrades, form, application, and region.
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GlobalBoron carbide Market: Growth Dynamics
Boroncarbide is gaining traction in gamut of industries owing to various features itholds. Incredible hardness, high abrasion resistance, and high resistance towear, industrial shock resistance, impact resistance, and low thermalconductivity are some of the features to name. Owing to all these features,boron carbide is widely used in the manufacturing sector. This factor isstimulating the growth of the global boron carbide market.
Growingdemand from refractory industry is projected to support the growth of theglobal boron carbide market in the forthcoming years. Apart from this, themarket for boron carbide is witnessing increased demand avenues from nuclear,aerospace, and automotive industries. In nuclear industries, boron carbide isin high demand for protective ceramic materials. All these factors connote thatthe global boron carbide holds stupendous demand potential from variousindustries.
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Global Boron carbide Market: Competitive Analysis
The boroncarbide market is moderately fragmented in nature. Presence of many small andwell-established players makes the competitive landscape of the global boroncarbide market highly intense. Vendors working in the global carbide market arepouring efforts to maintain their prominent position. Some of the keystrategies in trend today are mergers and acquisitions. A case in point here isthe recent acquisition of AVX by Kyocera Corporation. The latest acquisitionhas strengthened the position of Kyocera Corporation in the global boroncarbide market.
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Severalplayers in the global boron carbide market are growing their investments inresearch and development activities. By executing these strategies, they arestrengthening their abilities to offer superior quality products. These effortsconnote that the global boron carbide market will grow at a rapid pace duringthe upcoming years.
The listof key players in the global boron carbide market includes:
· Saint-Gobain S.A.
· 3M
· H.C. Starck GmbH
· Washington Mills
· Kyocera Corporation
· Dynamic-Ceramic Limited
· UK Abrasives Inc.
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