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Boron Carbide Market Share

Report ID: GMI2632
Published Date: Oct 2024
Report Format: PDF

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Boron Carbide Market Share

Companies include, Höganäs AB is a key player in the boron carbide industry, focusing on innovative powder metallurgy solutions that enhance product performance and applications. Absco Limited specializes in high-quality boron carbide for nuclear and defense sectors, contributing to advancements in lightweight armor materials. Henan Ruiheng New Material Co., Limited is recognized for its extensive range of boron carbide products, driving cost-effective solutions and enhancing the supply chain in Asia. Mudanjiang Qianjin Boron Carbide Co., Ltd. is a prominent manufacturer known for its significant production capacity and commitment to quality, catering to various industrial applications. Kemet International Limited excels in the development of precision abrasive products, leveraging boron carbide's hardness for superior performance in machining and polishing.

Boron Carbide Market Companies

Major players operating in the boron carbide industry are:

3M
Absco Limited
CoorsTek Inc.
Henan Ruiheng New Material Co., Limited
Höganäs AB
Kemet International Limited
Mudanjiang Qianjin Boron Carbide Co., Ltd.
Precision Ceramics USA
Saint-Gobain
UK Abrasives, Inc.
Washington Mills

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for boron carbide was valued at USD 394.1 million in 2023 and is expected to reach USD 600.9 million by 2032, driven by a CAGR of over 4.9% from 2024 to 2032.

The boron carbide industry from abrasive grade segment captured USD 344.1 million and is projected to grow at a 4.8% CAGR by 2032, due to its increasing use in ultrasonic drilling and ceramics production.

U.S. market is projected to achieve USD 144.3 million by 2032, driven by increasing demand in defense, aerospace, and nuclear sectors.

Major players in the industry include 3M, Absco Limited, CoorsTek Inc., Henan Ruiheng New Material Co., Limited, Höganäs AB, Kemet International Limited, Mudanjiang Qianjin Boron Carbide Co., Ltd., and Precision Ceramics USA.