Global Boron Nitride and Boron Carbide Market to Reach 3.1 Thousand Metric Tons by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Boron Nitride and Boron Carbide markets. The world market for Boron Nitride and Boron Carbide is forecast to reach 3.1 thousand metric tons by the year 2017. Post recession, market growth will primarily stem from increased demand from end-use industries of fiberglass, ceramics, electronic device, refractory coatings and others. In future, rise in construction activity, technology advancements and innovative applications in end-use markets will prompt rapid expansion, particularly in developing markets of China, Turkey, Russia and Chile among others.

Boron Nitride and Boron Carbide: A Global Strategic Business Report

Follow us on LinkedIn – Global boron nitride and boron carbide market has been growing at a steady pace over the years. However, during the recent years, the market registered moderate growth rates, primarily due to the impact of global economic recession. Demand for glass in the construction sector declined drastically during 2008, due to the slump in the housing sector. However, the market slide was largely offset by the increased demand for fiberglass during the same period. Going forwards, demand for borate in regions such as China would be largely driven by the country’s glass and ceramic industries. As a result, exports of borates from the US, Chile, Turkey and Russia to China are expected to rise significantly in the next few years. The increasing higher building standards are likely to fuel the borates market in Europe as well as in other developing regions over the next few years. Worldwide Boron reserves are largely concentrated in countries such as Turkey, US, Russia, and China, representing over 170 thousand metric tons of boron reserves in 2011. With respect to production, Turkey is the single largest boron producer, garnering a substantial chunk of the world production, followed by Argentina, Chile, Russia and Peru.

Technology coupled with R&D activity is enabling new product innovation as well as identification of emerging applications. New processing and fabrication technologies such as microwave plasma, jet plasma, interactive laser technique, and fullerenes based production of nanocrystalline diamond films are changing the dynamics for diamond and diamond composites. Materials like Cubic Boron Nitride (CBN), the world’s second hardest material after diamond, are witnessing growth due to their distinct properties. CBN possesses the highest thermal conductivity amongst all materials, in addition to high electrical resistance and very low thermal expansion. Razor blades, tools/wear-resistant parts, and print/record heads and hard disk coatings, commanding a lion’s share of the diamond and diamond-like films & coatings market, are the three major end-use market segments.

Latest tools and technologies are being used in the engineering sector for cutting and machining applications. Tools, which were earlier making use of hard materials such as diamond, are now using substitute materials such as cubic boron nitride (CBN) and polycrystalline boron nitride (PCBN). Industries such as automotive, heavy industry, and aerospace are the largest consumers of CBN and PCBN inserts. These materials, which are better suited than diamond in applications involving very high temperatures, deliver better results at lower costs. CBN is a widely used abrasive with numerous applications in the manufacturing industries. Earlier limited to just working with hard steels, the material is now used extensively in all applications that involve cutting, grinding, and machining.

The US represents the largest regional market with California being the hub of domestic production in the region, as stated by the new market research report on Boron Nitride and Boron Carbide. Europe on the other hand offers substantial scope for future development and is poised to register the fastest compounded annual growth rate (CAGR) of 4.7% through 2017. The Boron Nitride segment known for its unique features such as thermal conductivity, high-temperature lubricity and electrical insulation, dominates the scenario, capturing a major chunk of the overall market. Newer production processes and methods in varied industries including metal, glass, ceramics and plastics have urged the demand for high performance materials such as boron nitride, which is slated to grow at a steady CAGR of 4.8% over the analysis period.

Leading players profiled in the report include, Ceradyne Inc., ESK Ceramics GmbH & Co. KG, Denki Kagaku Kogyo Kabushiki Kaisha, Electro Abrasives Corporation, H.C. Starck Gmbh & Co KG, Momentive, Mudanjiang Jingangzuan Boron Carbide Co. Ltd., Saint-Gobain Advanced Ceramics Corp., Shin-Etsu Chemical Co., Ltd., Showa Denko KK, Sumitomo Electric Hard Metal Corp., and Washington Mills Electro Minerals Company.

The research report titled “Boron Nitride and Boron Carbide: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the boron nitride and boron carbide market, impact of recession, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Boron Nitride and Boron Carbide market for the years 2009 through 2017 for the following geographic markets - US, Japan, Europe, and Rest of World. Key segments analyzed include Boron Nitride, and Boron Carbide. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Boron_Nitride_and_Boron_Carbide_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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