ResearchAndMarkets.com now offers the “Boron Nitride and Boron Carbide – Global Strategic Business Report.” The global market for Boron Nitride and Boron Carbide is anticipated to surge to $981.3 million by 2030, from an estimated $738.1 million in 2023, with a projected CAGR of 4.2% during the analysis period from 2023 to 2030.
Boron nitride and boron carbide find essential applications across various sectors, from industrial to technological domains. The report provides an overview of global reserves, production, and demand for boron, shedding light on market dynamics. Notably, cubic boron nitride (CBN) films are gaining traction, propelled by recent market activities and advancements.
Among the segments analyzed, Abrasive Grade Boron Nitride and Boron Carbide are expected to exhibit a 5% CAGR, reaching $597.3 million by the end of the forecast period. The Nuclear & Defense Grade Boron Nitride and Boron Carbide segment is forecasted to grow at a 3% CAGR over the next seven years.
The outlook for the nano boron carbide market appears promising, reflecting its expanding industrial applications. Similarly, hexagonal boron nitride (hBN) shows growth potential, particularly in industrial sectors. The overall optimism in the market is buoyed by the improving economy, with expectations of growth driven by the manufacturing industry.
In 2024, the global market for boron nitride and boron carbide is competitive, with key players vying for market share.
In the U.S., the Boron Nitride and Boron Carbide market is estimated at $217.6 million in 2023. China, the second-largest economy globally, is projected to reach $174 million by 2030, with a CAGR of 3.9% during the forecast period. Other significant markets include Japan and Canada, each expected to grow at approximately 3.9% and 3.4%, respectively, from 2023 to 2030. Germany is forecasted to grow at a CAGR of around 3.9% within Europe.
Key attributes of the report:
- No. of Pages: 183
- Forecast Period: 2023 – 2030
- Estimated Market Value (USD) in 2023: $738.1 million
- Forecasted Market Value (USD) by 2030: $981.3 million
- Compound Annual Growth Rate: 4.2%
- Regions Covered: Global
The report covers:
- Market overview
- Market trends and drivers
- Focus on select players (21 featured)
For more information, visit the link: ResearchAndMarkets.com Boron Nitride and Boron Carbide Report
