탄화붕소 시장 규모, 점유율, 성장 분석 : 등급별, 물리적 형태별, 최종 용도별, 지역별 - 산업 예측(2025-2032년)

Boron Carbide Market size was valued at USD 147.13 Million in 2023 and is poised to grow from USD 153.31 Million in 2024 to USD 213.06 Million by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

The global boron carbide market is experiencing robust growth, driven by its unique properties and diverse applications across various sectors. Its role as a crucial element in ballistic armor, nuclear reactors, and cutting tools significantly bolsters demand, particularly in defense industries. Additionally, the rising use of boron carbide in abrasive processes, including grinding wheels and lapping pastes, enhances its penetration into the manufacturing and automotive sectors. As industries increasingly seek lightweight yet durable materials, boron carbide's application in ceramics and composites further elevates its market presence. Ongoing research is poised to unlock new potential uses, although challenges like high production costs and competition from alternatives persist. Ultimately, the boron carbide market is set to thrive as it broadens its reach across various industries.

Top-down and bottom-up approaches were used to estimate and validate the size of the Boron Carbide market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Boron Carbide Market Segmental Analysis

Global Boron Carbide Market is segmented by grade, physical form, end-use and region. Based on grade, the market is segmented into abrasive, nuclear and refractory. Based on physical form, the market is segmented into powder, granular and paste. Based on end-use, the market is segmented into armors & ballistic protection, industrial abrasives, neutron shielding (nuclear reactor), shields & panels, refractory materials and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Boron Carbide Market

The Boron Carbide market is primarily driven by its increasing adoption in various industrial applications. It serves as a critical component in cutting tools, abrasives, and wear-resistant coatings, meeting the demand for robust and high-performance materials across manufacturing, automotive, and related sectors. As industries prioritize durability and efficiency, the need for boron carbide continues to rise, enhancing its significance in production processes. This growing reliance on boron carbide in applications that require superior hardness and resistance to wear demonstrates its essential role in advancing industrial performance and sustainability. Ultimately, these factors contribute to the overall demand and growth of the boron carbide market.

Restraints in the Boron Carbide Market

The Boron Carbide market encounters various restraints, one of which is the competition posed by alternative materials. In certain applications, other advanced materials, which offer comparable properties to boron carbide, are emerging as viable substitutes. This competitive dynamic creates challenges for the market growth of boron carbide in specific sectors, as industries may opt for these alternatives due to factors such as cost-effectiveness, availability, or performance characteristics. Consequently, the prevalence of these competing materials can impede the overall demand for boron carbide, highlighting the need for continuous innovation and differentiation to maintain a strong market position.

Market Trends of the Boron Carbide Market

The Boron Carbide market is experiencing an upward trend, primarily driven by the escalating demand from the defense and aerospace sectors. Renowned for its exceptional hardness and lightweight characteristics, boron carbide is increasingly favored for advanced armor and ballistic applications. As global security challenges intensify and militaries worldwide seek innovative materials to enhance protection and performance, the consumption of boron carbide is projected to surge. This growth is further supported by advancements in material science and supportive government policies promoting defense spending, positioning boron carbide as a critical component in the development of next-generation protective gear and aerospace technologies.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Customer & Buying Criteria Analysis
• Raw Material Analysis

Global Boron Carbide Market Size by Grade & CAGR (2025-2032)

• Market Overview
• Abrasive
  • Macrogrit
  • Microgrit
• Nuclear
• Refractory

Global Boron Carbide Market Size by Physical Form & CAGR (2025-2032)

• Market Overview
• Powder
• Granular
• Paste

Global Boron Carbide Market Size by End-Use & CAGR (2025-2032)

• Market Overview
• Armors & Ballistic Protection
  • Body Armors
  • Vehicle Armors
• Industrial Abrasives
  • Grinding And Polishing
  • Cutting Tool
• Neutron Shielding (Nuclear Reactor)
• Shields & Panels
• Refractory Materials
• Others

Global Boron Carbide Market Size & CAGR (2025-2032)

• North America (Grade, Physical Form, End-Use)
  • US
  • Canada
• Europe (Grade, Physical Form, End-Use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Grade, Physical Form, End-Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Grade, Physical Form, End-Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Grade, Physical Form, End-Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• 3M
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Absco Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covalent Materials Corp
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Henan Ruiheng New Material Co., Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hoganas AB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kemet International Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mudanjiang Qianjin Boron Carbide Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Precision Ceramics USA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• UK Abrasives, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Washington Mills
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Songshan Specialty Materials, Inc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dalian Zhengxing Abrasive Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Henan E-Grind Abrasives Co. Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• U.S. Electrofused Minerals, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Feldco International
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CDH Fine Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Schunk Ingenieurkeramik GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Universal Hard Metal Co
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mudanjiang Jingangzuan Boron Carbide Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations