Global Abrasive Grade Boron Carbide Market Insights, Forecast to 2028

Boron carbide is one of the hardest materials known. It is third in ranking after cubic boron nitride and diamond. The powder form of boron carbide is majorly produced by the reaction of boron oxide with carbon reaction inside an electric arc furnace, by gas-phase reactions, or by carbothermal reduction. Some of the exclusive features of boron carbide are high absorption of neutrons in cross-section, chemical inertness, and high hardness.
Market Analysis and Insights: Global Abrasive Grade Boron Carbide Market
Due to the COVID-19 pandemic, the global Abrasive Grade Boron Carbide market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Powder accounting for % of the Abrasive Grade Boron Carbide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Grinding segment is altered to an % CAGR throughout this forecast period.
China Abrasive Grade Boron Carbide market size is valued at US$ million in 2021, while the US and Europe Abrasive Grade Boron Carbide are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Abrasive Grade Boron Carbide landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Abrasive Grade Boron Carbide include Hoganas AB, Absco Limited, Henan Ruiheng New Material, Mudanjiang Qianjin Boron Carbide, Kemet International Limited, Saint-Gobain, WASHINGTON MILLS, 3M and CoorsTek Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Abrasive Grade Boron Carbide capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Abrasive Grade Boron Carbide by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Abrasive Grade Boron Carbide Scope and Segment
Abrasive Grade Boron Carbide market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Abrasive Grade Boron Carbide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Powder
Paste
Grains
Segment by Application
Grinding
Polishing
Others
By Company
Hoganas AB
Absco Limited
Henan Ruiheng New Material
Mudanjiang Qianjin Boron Carbide
Kemet International Limited
Saint-Gobain
WASHINGTON MILLS
3M
CoorsTek Inc.
UK Abrasives
Precision Ceramics USA
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE