Expanding Applications to Drive Growth in the Global Boron Nitride and Boron Carbide Market, 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. Global market for Boron Nitride and Boron Carbide is projected to reach 7.6 thousand metric tons by 2020, driven by expanding applications in sectors such as ceramics, industrial tools, refractory coatings, and electronics devices.

Boron Nitride and Boron Carbide: A Global Strategic Business Report

Follow us on LinkedIn – Boron nitride and boron carbide are two major compounds of boron that find use in diverse industries including automotive, equipment & machinery, electronics, metal working, and medical, among others. Due to the fact that dynamics of the boron nitride and boron carbide market are linked to the trends in major end-use markets, market growth was affected by the economic volatility of the past few years. With the global economy now rebounding and the manufacturing sector gathering pace, the market is positioned for growth in the coming years. Increased demand from major end-use sectors including ceramics, refractory coatings, and electronic devices, among others, is driving consumption of boron nitride and boron carbide.

Demand is also expected to benefit from the development of large-volume production methods and the emergence of new technologies. Growth will also be driven by the rising popularity of materials such as Cubic Boron Nitride (CBN), which is the world’s second hardest material after diamond. CBN as abrasive is witnessing impressive growth for use in grinding engine parts, and transmissions. Despite the high costs, CBN abrasives are being preferred by manufacturers due to the promise of long life. Demand for boron carbide, with its unique characteristics such as low specific gravity, resistance to several reactive chemicals, high elastic modulus, good hot strength and extreme hardness, is expected from various industrial applications, as well as in bulletproof vests, engine sabotage powders, and tank armor. Boron carbide also finds use in cutting tools, metal matrix composites, brake lining of automobiles, abrasives, scratch resistant coatings, neutron absorber in nuclear reactors, and high-pressure water jet cutter and grit blasting nozzles, among others.

As stated by the new market research report on Boron Nitride and Boron Carbide, the United States represents the largest market worldwide. The country is also forecast to record the fastest CAGR of 4.2% over the forecast period. Europe and developing regions such as Asia-Pacific will offer promising opportunities for future growth in the market.

Key players covered in the report include Compagnie de Saint-Gobain, Ceradyne Inc., Denki Kagaku Kogyo Kabushiki Kaisha, Element Six, ESK Ceramics GmbH & Co. KG, H.C. Starck Gmbh & Co. KG, Henan Huanghe Whirlwind Co. Ltd., Momentive, Mudanjiang Jingangzuan Boron Carbide Co. Ltd., Sandvik Hyperion, Shin-Etsu Chemical Co. Ltd., Showa Denko KK, The ILJIN Diamond Co. Ltd., Tomei Diamond Co. Ltd., and Washington Mills Electro Minerals Company, among others.

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 market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in Metric Ton for all major geographic markets including the US, Japan, Europe, and Rest of World. Product segments analyzed include Boron Nitride and Boron Carbide.

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 1500+ 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.

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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