North America Boron Carbide Market Size, Trends and Insights By Type (Powdered Boron Carbide, Granular Boron Carbide, Paste Boron Carbide, Solid Boron Carbide), By Grade (Nuclear Grade Boron Carbide, Abrasive Grade Boron Carbide, Refractory Grade Boron Carbide, Armor Grade Boron Carbide), By End Use (Defense and Security Sector, Industrial Manufacturing, Nuclear Power Generation), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
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As per the current market research conducted by CMI Team, the North America Boron Carbide Market is expected to record a CAGR of 4.3% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 47.2 Million. By 2032, the valuation is anticipated to reach USD 70.57 Million.
The term North America Boron Carbide Market involves the production, distribution, and utilization of boron carbide, a ceramic compound composed of boron and carbon. This market caters to various industries, including defense, nuclear, abrasives, metalworking, and industrial sectors, where boron carbide finds applications.
Key participants in the market include manufacturers, suppliers, distributors, and end-users who are involved in the production, trade, and consumption of boron carbide-based materials and products within North America. Growth drivers for the market may include technological advancements, increasing demand for high-performance materials, and the unique properties of boron carbide, such as its high hardness, wear resistance, neutron absorption capabilities, and chemical resistance.
North America Boron Carbide Market– Significant Growth Factors
The North America Boron Carbide Marketpresents significant growth opportunities due to several factors:
- Increase in Defense Sector Demand: Boron carbide is now extensively used in armor applications by the defense industry due to its exceptional hardness and lightweight properties. The forecasted increase in defense budgets and the demand for advanced protective solutions are expected to drive substantial growth in the demand for boron carbide within the defense sector.
- Expanding Applications in Various Industries: The unique properties of boron carbide, such as high hardness, chemical resistance, and abrasion resistance, make it highly suitable for a range of industrial applications. Industries such as metalworking, abrasives, drilling, and the production of wear-resistant components are increasingly adopting boron carbide-based materials, thereby fostering market growth in the industrial sector.
- Growth in Nuclear Power Generation: Boron carbide is used in the nuclear industry for its neutron absorption capabilities. With the growing focus on clean energy and nuclear power generation, there is expected to be a rise in demand for boron carbide within this sector. The ongoing development and expansion of nuclear power plants in North America will contribute to the market’s growth.
- Technological Advancements: Continuous research and development efforts are dedicated to enhancing the properties and performance of boron carbide. Innovations in manufacturing processes, composite materials, and product formulations are driving technological advancements in the boron carbide market. These advancements result in improved product quality, the exploration of new application areas, and stimulate overall market growth.
- Strong Emphasis on Research and Development: North America benefits from a robust research and development ecosystem, with active involvement from universities, research institutions, and industry players in developing innovative solutions based on boron carbide. The focus on exploring new applications, improving production techniques, and enhancing the performance characteristics of boron carbide significantly contributes to market growth.
- Supportive Government Initiatives: Favorable government policies and regulations play a pivotal role in driving market growth. Governments in North America are making investments in defense modernization, nuclear energy, and sustainable technologies. These initiatives create an enabling environment for the boron carbide market, fostering its growth and development.
North America Boron Carbide Market – Mergers and Acquisitions
The North America Boron Carbide Markethas seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the North America Boron Carbide Market include:
- Momentive Performance Materials Acquisition of Sea Lion Technology: In 2019, Momentive Performance Materials, a prominent player in specialty chemicals and materials, acquired Sea Lion Technology, a manufacturer specializing in boron carbide ceramic components. This strategic acquisition broadened Momentive’s product portfolio and bolstered its position in the boron carbide market.
- U.S. Borax (Rio Tinto) Acquisition of JSC JSCRM: In 2018, U.S. Borax, a subsidiary of Rio Tinto, completed the acquisition of JSC JSCRM, a leading manufacturer of boron carbide powders and advanced ceramics. This transaction enabled U.S. Borax to strengthen its offerings in the boron carbide segment and expand its market presence.
- H.C. Starck Acquisition by Advent International: In 2017, Advent International, a global private equity firm, acquired H.C. Starck, a prominent supplier of advanced materials, including boron carbide. This acquisition granted H.C. Starck access to additional resources and expertise, fostering further growth and advancement in the boron carbide market.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the North America Boron Carbide Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
|North America Boron Carbide Market||Boron Carbide Market||US Boron Carbide Market|
|CAGR 4.3% (Approx)||CAGR4.5% (Approx)||CAGR 3.9% (Approx)|
|US$ 70.57 Million by 2032||USD 202.18 Million by 2030||USD 47.7 Million by 2032|
North America Boron Carbide Market– Significant Threats
The North America Boron Carbide Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Volatility in Raw Material Prices: The North America Boron Carbide Market is vulnerable to fluctuations in the prices of its primary raw materials, boron and carbon. These price variations can affect manufacturing costs, making it challenging to maintain market stability and profitability.
- Intense Competition from Substitutes: Boron carbide faces strong competition from alternative materials that offer similar properties and performance characteristics. Silicon carbide and alumina ceramics are examples of substitutes that can be used in specific applications. The availability and cost-effectiveness of these substitutes pose a threat to the market share of boron carbide.
- Environmental and Health Concerns: The production and processing of boron carbide present environmental and health risks. Concerns regarding air and water quality, as well as occupational health hazards for workers, have led to increased scrutiny and stricter regulations. Compliance with environmental and safety standards can increase production costs and create challenges for market participants.
- Impact of Global Economic Conditions: The North America Boron Carbide Market is influenced by global economic conditions. Changes in economic growth, trade policies, and geopolitical factors can significantly impact market dynamics. Uncertain economic conditions can lead to fluctuations in demand and supply, affecting market stability.
- Technological Advancements in Competing Materials: Continuous advancements in competing materials, such as ceramic composites and advanced alloys, pose a threat to the market share of boron carbide. These advancements offer improved performance, cost-effectiveness, and novel properties, attracting customers away from boron carbide-based solutions.
- Trade Barriers and Tariffs: The imposition of trade barriers, import restrictions, or tariffs on boron carbide can disrupt market dynamics. Trade disputes and changes in trade policies can create disruptions in supply chains and increase the costs associated with importing or exporting boron carbide, thereby impacting market growth and competitiveness.
|Feature of the Report||Details|
|Market Size in 2023||USD 49.3 Million|
|Projected Market Size in 2032||USD 70.57 Million|
|Market Size in 2022||USD 47.2 Million|
|CAGR Growth Rate||4.3% CAGR|
|Key Segment||By Type, Grade, End Use and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
By Grade Type:
- Nuclear Grade Boron Carbide: This grade of boron carbide is specifically designed and manufactured for applications in the nuclear industry. It offers exceptional neutron absorption properties, making it suitable for neutron shielding and control rod applications in nuclear reactors.
- Abrasive Grade Boron Carbide: Boron carbide with high purity and consistent particle size distribution is used in abrasive applications. It is widely utilized in grinding, lapping, and polishing processes for materials such as metals, ceramics, and composites.
- Refractory Grade Boron Carbide: Refractory grade boron carbide is used in high-temperature applications where resistance to thermal shock and wear is required. It finds applications in industries such as steelmaking, foundries, and kiln furniture manufacturing.
- Armor Grade Boron Carbide: Boron carbide is renowned for its exceptional hardness and lightweight properties, making it a preferred material for armor applications. It is used in the production of ballistic plates, vehicle armor, and personal protective equipment (PPE) for military and law enforcement applications.
- Powdered Boron Carbide: Powdered boron carbide consists of finely ground particles of boron carbide. It is widely employed as a raw material in various industries, including ceramics manufacturing, abrasives production, and composite materials development.
- Granular Boron Carbide: Granular boron carbide comprises larger particles compared to powdered boron carbide. It finds applications in industries that require controlled flow and even distribution of boron carbide, such as the production of abrasive products and as a component in metal matrix composites.
- Paste Boron Carbide: Boron carbide paste is a blend of boron carbide powder and a binder or carrier fluid. It is commonly used in applications that necessitate a paste-like consistency, including lapping and polishing processes.
- Solid Boron Carbide: Solid boron carbide refers to compact and dense forms of boron carbide, such as blocks, plates, or components. It is extensively utilized in industries where high strength, durability, and resistance to wear are crucial, such as the manufacturing of armor plates and cutting tools.
- Defense and Security Sector: The defense and security sector significantly uses boron carbide, primarily for its applications in armor. Boron carbide’s exceptional hardness and lightweight properties make it highly suitable for manufacturing ballistic plates, vehicle armor, and personal protective equipment (PPE) used in military and law enforcement settings.
- Industrial Manufacturing: Boron carbide has widespread use in various industrial manufacturing applications. Its unique properties, including high hardness, chemical resistance, and abrasion resistance, make it well-suited for industries such as metalworking, abrasives, drilling, and the production of wear-resistant components.
- Nuclear Power Generation: Boron carbide plays a crucial role in the nuclear industry due to its neutron absorption capabilities. As the focus on clean energy and nuclear power generation increases, boron carbide is extensively utilized in shielding and control rod applications within nuclear reactors.
North America Boron Carbide Market – Regional Analysis
The North America Boron Carbide Market is segmented into various regions, including United States, Canada and Mexico.
Here is a brief overview of each region:
- United States: The United States holds a significant position in the North America Boron Carbide Market. It is characterized by a strong defense sector, where boron carbide is extensively utilized for armor applications. The presence of major defense contractors and military equipment manufacturers in the country drives the demand for boron carbide. Additionally, the United States boasts a diverse industrial sector, including metalworking, abrasives, drilling, and the production of wear-resistant components, which further contributes to market growth.
- Canada: Canada also plays a substantial role in the North America Boron Carbide Market. The country has a well-established industrial sector, particularly in mining, metalworking, and automotive industries, where boron carbide finds numerous applications. Moreover, Canada has been placing emphasis on clean energy and nuclear power generation, leading to an increased demand for boron carbide in neutron absorption applications within the nuclear industry.
- Mexico: Mexico is another important region in the North America Boron Carbide Market. The country has a growing industrial sector, encompassing automotive, aerospace, and manufacturing industries, which represent potential consumers of boron carbide. Furthermore, Mexico’s proximity to the United States makes it an attractive market for boron carbide suppliers and manufacturers.
Competitive Landscape – North America Boron Carbide Market
The North America Boron Carbide Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- H.C. Starck Inc.: H.C. Starck is a supplier of advanced materials, such as boron carbide. The company provides high-purity boron carbide powders and sintered products for various industry vertical use such as defense, nuclear, and abrasive applications.
- Saint-Gobain Ceramic Materials: Saint-Gobain is a manufacturer of advanced ceramics, such as boron carbide. Their boron carbide products are known for their exceptional hardness, wear resistance, and effective neutron absorption properties, making them suitable for armor and nuclear industry applications.
- Washington Mills: Washington Mills manufactures abrasive grains and powders, including boron carbide. They provide a diverse range of boron carbide products that are utilized in grinding, lapping, and polishing processes.
- CERadyne (a 3M company): CERadyne provides advanced technical ceramics that include boron carbide-based materials. The company offers reliable boron carbide armor solutions for personal and vehicle protection applications.
- Kennametal Inc.: Kennametal provides metalworking solutions that encompass boron carbide-based materials. They offer a comprehensive selection of boron carbide products used in cutting tools, wear-resistant components, and drilling applications.
- CoorsTek Inc.: CoorsTek manufactures engineered ceramics, including boron carbide. Their boron carbide products exhibit high hardness and exceptional chemical resistance, making them suitable for armor, nuclear, and industrial applications.
Momentive Performance Materials, Advanced Abrasives Corporation, Reade International Corp., SkySpring Nanomaterials, Dalian Zhengxing Abrasive Co. Ltd., ESK Ceramics GmbH & Co. KG, UK Abrasives Inc., Electro Abrasives Corporation, B4C Technologies, Dalian Jinma Boron Technology Group Co. Ltd., Dandong Chemical Engineering Institute (DCEI), Others. These companies offer a wide range of tests for different types of Boron Carbide, catering to different industry verticals such as the Industrial, Nuclear, Defense industries.
The North America Boron Carbide Market is segmented as follows:
- Powdered Boron Carbide
- Granular Boron Carbide
- Paste Boron Carbide
- Solid Boron Carbide
- Nuclear Grade Boron Carbide
- Abrasive Grade Boron Carbide
- Refractory Grade Boron Carbide
- Armor Grade Boron Carbide
By End Use
- Defense and Security Sector
- Industrial Manufacturing
- Nuclear Power Generation
On the basis of North America Geography
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 North America Boron Carbide Market, (2023 – 2032) (USD Million)
- 2.2 North America Boron Carbide Market : snapshot
- Chapter 3. North America Boron Carbide Market – Industry Analysis
- 3.1 North America Boron Carbide Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increase in Defense Sector Demand
- 3.2.2 Expanding Applications in Various Industries
- 3.2.3 Growth in Nuclear Power Generation
- 3.2.4 Technological Advancements
- 3.2.5 Strong Emphasis on Research and Development
- 3.2.6 Supportive Government Initiatives.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porterâ€™s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Grade
- 3.7.3 Market attractiveness analysis By End Use
- Chapter 4. North America Boron Carbide Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 North America Boron Carbide Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. North America Boron Carbide Market – Type Analysis
- 5.1 North America Boron Carbide Market overview: By Type
- 5.1.1 North America Boron Carbide Market share, By Type, 2022 and 2032
- 5.2 Powdered Boron Carbide
- 5.2.1 North America Boron Carbide Market by Powdered Boron Carbide, 2023 – 2032 (USD Million)
- 5.3 Granular Boron Carbide
- 5.3.1 North America Boron Carbide Market by Granular Boron Carbide, 2023 – 2032 (USD Million)
- 5.4 Paste Boron Carbide
- 5.4.1 North America Boron Carbide Market by Paste Boron Carbide, 2023 – 2032 (USD Million)
- 5.5 Solid Boron Carbide
- 5.5.1 North America Boron Carbide Market by Solid Boron Carbide, 2023 – 2032 (USD Million)
- 5.1 North America Boron Carbide Market overview: By Type
- Chapter 6. North America Boron Carbide Market – Grade Analysis
- 6.1 North America Boron Carbide Market overview: By Grade
- 6.1.1 North America Boron Carbide Market share, By Grade, 2022 and 2032
- 6.2 Nuclear Grade Boron Carbide
- 6.2.1 North America Boron Carbide Market by Nuclear Grade Boron Carbide, 2023 – 2032 (USD Million)
- 6.3 Abrasive Grade Boron Carbide
- 6.3.1 North America Boron Carbide Market by Abrasive Grade Boron Carbide, 2023 – 2032 (USD Million)
- 6.4 Refractory Grade Boron Carbide
- 6.4.1 North America Boron Carbide Market by Refractory Grade Boron Carbide, 2023 – 2032 (USD Million)
- 6.5 Armor Grade Boron Carbide
- 6.5.1 North America Boron Carbide Market by Armor Grade Boron Carbide, 2023 – 2032 (USD Million)
- 6.1 North America Boron Carbide Market overview: By Grade
- Chapter 7. North America Boron Carbide Market – End Use Analysis
- 7.1 North America Boron Carbide Market overview: By End Use
- 7.1.1 North America Boron Carbide Market share, By End Use, 2022 and 2032
- 7.2 Defense and Security Sector
- 7.2.1 North America Boron Carbide Market by Defense and Security Sector, 2023 – 2032 (USD Million)
- 7.3 Industrial Manufacturing
- 7.3.1 North America Boron Carbide Market by Industrial Manufacturing, 2023 – 2032 (USD Million)
- 7.4 Nuclear Power Generation
- 7.4.1 North America Boron Carbide Market by Nuclear Power Generation, 2023 – 2032 (USD Million)
- 7.1 North America Boron Carbide Market overview: By End Use
- Chapter 8. North America Boron Carbide Market – Regional Analysis
- 8.1 North America Boron Carbide Market Regional Overview
- 8.2 North America Boron Carbide Market Share, by Region, 2022 & 2032 (USD Million)
- Chapter 9. Company Profiles
- 9.1 H.C. Starck LLC
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Saint-Gobain
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Washington Mills
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 3M
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Momentive Performance Materials
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Advanced Abrasives Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Reade International Corp.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 SkySpring Nanomaterials
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Dalian Zhengxing Abrasive Co. Ltd.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 ESK Ceramics GmbH & Co. KG
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 UK Abrasives Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Electro Abrasives Corporation
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 B4C Technologies
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Dalian Jinma Boron Technology Group Co. Ltd.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Dandong Chemical Engineering Institute (DCEI)
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 H.C. Starck LLC
List Of Figures
Figures No 1 to 22
List Of Tables
tables No 1 to 2
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
|Perspective||Primary research||Secondary research|
Market Analysis Matrix
|Qualitative analysis||Quantitative analysis|
List of the prominent players in the North America Boron Carbide Market:
- C. Starck LLC
- Washington Mills
- Momentive Performance Materials
- Advanced Abrasives Corporation
- Reade International Corp.
- SkySpring Nanomaterials
- Dalian Zhengxing Abrasive Co. Ltd.
- ESK Ceramics GmbH & Co. KG
- UK Abrasives Inc.
- Electro Abrasives Corporation
- B4C Technologies
- Dalian Jinma Boron Technology Group Co. Ltd.
- Dandong Chemical Engineering Institute (DCEI)
The key factors driving the Market are Increase in Defense Sector Demand, Expanding Applications in Various Industries, Growth in Nuclear Power Generation, Technological Advancements, Strong Emphasis on Research and Development And Supportive Government Initiatives.
The key players operating in the North America Boron Carbide Market are H.C. Starck LLC, Saint-Gobain, Washington Mills, 3M, Momentive Performance Materials, Advanced Abrasives Corporation, Reade International Corp., SkySpring Nanomaterials, Dalian Zhengxing Abrasive Co. Ltd., ESK Ceramics GmbH & Co. KG, UK Abrasives Inc., Electro Abrasives Corporation, B4C Technologies, Dalian Jinma Boron Technology Group Co. Ltd., Dandong Chemical Engineering Institute (DCEI), Others.
The North America Boron Carbide Market is expanding growth with a CAGR of approximately 4.3% during the forecast period (2023 to 2032).
The North America Boron Carbide Market size was valued at USD 47.2 Million in 2022 and it is projected to reach around USD 70.57 Million by 2032.