Emerging Technological Innovations to Foster Growth in the Global Boron Nitride and Boron Carbide Markets, 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 projected to reach 6.4 thousand metric tons by the year 2018, driven by increasing demand in sectors such as fiberglass, ceramics, industrial tools, refractory coatings, as well as ever-evolving applicability of these compounds in the electronics sphere. Further chalking up growth for this sector is the fact that these materials are less expensive and efficient substitutes to industrial diamonds, and are increasingly replacing these costly abrasives in engineering applications. Other growth drivers stem from a rise in European Building Standards, which is forecast to spell good tidings for the Boron Nitride and Boron Carbide market.

Boron Nitride and Boron Carbide: A Global Strategic Business Report

Follow us on LinkedIn – Rebounding from the lull of the recession, the global Boron Nitride and Boron Carbide market is poised to grow steadily over the forecast period with rallying demand from industries such as glass, electronics, engineering, machining tools, plastics, and ceramics. With greater research activity throwing up emerging applications for Boron Nitride and Boron Carbide, the market for these compounds is set to widen further. While demand for Boron Nitride is increasing due to the development of large-volume production methods in conjunction with the evolution of new technologies, additional sub-markets for Boron Nitride are emerging from newly-discovered applications for the compound in medical equipment, protective coatings, flat panel displays, and sports equipment. The prospects for Boron Carbide are equally bright with newer uses for the compound such as the pyrotechnics arena.

Amongst the world regions, the US which constitutes the largest market for the sales of boron nitride and carbide, is also set to register the fastest compounded annual growth rate (CAGR) of 3.8% through 2018, as stated by the new market research report on Boron Nitride and Boron Carbide. Geographically, the bulk of the world’s boron reserves are available in Turkey, the US, and Russia. In terms of production, Turkey is the leading boron producer, cornering a sizeable chunk of the global production pie, trailed by Argentina, Chile, Russia, and Peru. Borates exports from the US, Turkey, Chile, and Russia to China are expected to increase considerably in the upcoming years, fueled by China’s burgeoning ceramic and glass sectors.

Of the two compounds, Boron Carbide represents the largest market segment and is projected to sustain a steady CAGR of 3.1% over the analysis period. Known for its unique characteristics, such as low specific gravity, resistance to numerous reactive chemicals, high elastic modulus, good hot strength and extreme hardness, Boron Carbide is applied in a broad range of industries such as ceramics, hard material finishing, nuclear technology, die and tool fabrication, metallurgy and ultrasonic drilling. The demand for Boron Carbide stems from numerous end use applications, which include precision tool parts, semiconductor processing equipment, wear resistant components such as loose abrasive and armor tiles, rocket propellant, armory, sputtering targets, refractory industry, and welding electrodes, among others.

On the other hand, a major factor which is expected to influence the demand for Boron Nitride is the growing popularity of Cubic Boron Nitride, one of the widely applied crystalline forms of Boron Nitride that has numerous applications in the manufacturing industries. Decreasing cost is proving to be the biggest factor for the growing uptake of CBN, which are better suited than diamond in applications involving very high temperatures. Industries, such as automotive, heavy industry, and aerospace, are the largest consumers of CBN and polycrystalline boron nitride (PCBN) inserts. Also, in recent years, path breaking new discoveries now reveal new and exciting scope for the application of Boron Nitride nanotubes in the arena of cancer treatment; and additionally, the newly-formulated graphene-boron nitride suturing process is throwing up a plethora of opportunities in the realm of electronics/semi conductivity. Also, the influence of newer technologies which enable production of Boron nitride in extremely thin and uniform layers with minimal defects could also influence the future demand for the substance, as thin layers of boron nitride could find use in flexible electronic applications. Boron nitride films also possess superior thermal and mechanical properties, and so could be ideally used in optoelectronic applications, and as a good support material for graphene devices, owing to the fact that both materials have very comparable lattice constants.

Leading players profiled in the report include Ceradyne Inc., Element Six, Diamond Innovations, Denki Kagaku Kogyo Kabushiki Kaisha, Electro Abrasives Corporation, H.C. Starck GmbH & Co., KG, Henan Huanghe Whirlwind Co., Ltd., The ILJIN Diamond Co., Ltd., Momentive, Mudanjiang Jingangzuan Boron Carbide Co., Ltd., Saint-Gobain Advanced Ceramics Corp., Shin-Etsu Chemical Co., Ltd., Showa Denko KK, Sumitomo Electric Hardmetal Corp., 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 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 2010 through 2018 for the following geographic markets – the 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 2004 through 2009.

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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