Boron Carbide Market Business Strategies and Huge Demand by 2031Posted by Aparna P on August 17th, 2022  The global boron carbide market is primed to grow further in the near future owing to the continued technological progress in manufacturing industries and the surging demand for premium high strength and high quality grade materials for metal working industries. The global boron carbide market is also being boosted by the surging demand for protective ceramic materials by nuclear industries for a range of applications.
At present, the nuclear grade and abrasive grade boron carbide is mostly sold in the global boron carbide market. They are mostly in the form of grains, powder, and paste. The different end use sectors where boron carbide finds application are industrial, nuclear, and defense. For example, abrasive grade boron carbide is used in polishing in the aerospace and automotive space.
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One of the key factors driving the global boron carbide market is the rising demand for boron carbide nanoparticles in hard metal industry tools and the rising demand for more effective composite materials for defense applications. The market is also benefiting from a massive rise in research activities aimed at the development of better compositions of boron carbide capable of stopping flashing and swelling phenomenon in tanks of nuclear reactors. Moreover, a number of companies are focusing on research and development activities aimed at the increased utilization of boron carbine in areas and products such as grit blasting, slurry pumping, and water jet cutters.
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