[Latest] Global Boron Carbide Market Size/Share Worth USD 366.2 Million By 2034 At A 3.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Boron Carbide Market size & share revenue was valued at approximately USD 250.4 Million in 2024 and is expected to reach USD 260.6 Million in 2025 and is expected to reach around USD 366.2 Million by 2034, at a CAGR of 3.8% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Saint-Gobain, 3M, C. Starck, Nippon Carbide Industries Co. Inc., Momentive, Borochem, BASF SE, Treibacher Industrie AG, Imerys Graphite & Carbon, Ningxia Xinmacheng Silicon Industry Co. Ltd., Jiangsu Zhongtian Boron Technology Co. Ltd., CeramTec, Zhengzhou Fengyuan Chemical Co. Ltd., Shanxi Xinfeng Chemical Co. Ltd., Jilin Jien Nickel Industry Co. Ltd., Qingzhou Taizhong Chemical Co. Ltd., Jiangsu Yixing Chemical Co & Others.

Austin, TX, USA, May 05, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “ Boron Carbide Market Size, Trends and Insights By Grade (Abrasive Grade, Nuclear & Defence Grade), By Product Type (Powder, Paste, Grains), By Application (Industrial, Nuclear, Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 ” in its research database.

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“According to the latest research study, the demand of the global Boron Carbide Market size & share was valued at approximately USD 250.4 Million in 2024 and is expected to reach USD 260.6 Million in 2025 and is expected to reach a value of around USD 366.2 Million by 2034, at a compound annual growth rate (CAGR) of about 3.8% during the forecast period 2025 to 2034.”

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Boron Carbide Market Overview

As per the industry experts at CMI, increasing demand for protective gear in the defense sector, neutron absorption in the nuclear sector, and industrial applications such as abrasives and wear-resistant coatings are leading the market growth for Boron Carbide. Technology developments and the need for high-performance materials in the aerospace, automotive, and manufacturing industries are also fuelling growth for this market as it widens its scope of applications around the world.

Boron Carbide Market Growth Factors and Dynamics

• Growing Demand in Defense Sector : Majorly, the Boron Carbide market is now poised to grow because of the worldwide increasing budgets towards defense activities. Majorly, boron carbide is known for its high hardness and ballistic resistance and thus finds important applications in body armor, armored vehicles, and ballistic shields. As countries continue to develop advanced systems of defense technology, the demand for boron carbide for military and safeguarding purposes keeps rising. This sector is seeing continuous growth all around, and its support is solid in areas like North America and Asia-Pacific, with a considerable contribution to expanding the boron carbide market.

• New Energy Developments : Nuclear energy brings Boron carbide as one of its most excellent materials, considering the application in control rods and also as a shielding material. The nuclear bit is quickly becoming a darling of nations as it moves towards greener energy. As more nuclear plants are constructed and older plants are refurbished, the need for boron carbide in the energy sector continues to increase in favor of long-term market growth.

• Industrial Applications : Boron carbide happens to be a broadly used substance in industry, especially in abrasives, cutting tools, and wear-resistant coating applications. The continuous increase in the necessity of superior performance materials in aerospace, automotive, and manufacturing industries is acting as fuel to the demand for boron carbide. The strength, hardness, and resistance to wear of boron carbide make it an excellent candidate for industrial applications, thus securing the continuation of steady growth in this market.

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• Technological Improvements : The development of advanced manufacturing techniques and improved purity levels of boron carbide are transforming the market. Advances in processing technology are making boron carbide more efficient and cost-effective for diverse applications. Due to technological advancements, there has been growth in applications of boron carbide in aerospace and nuclear energy.

• Cost Pressure and Competition from Alternative Materials : Boron carbide is slowly losing ground to promising and cheap alternatives such as silicon carbide and alumina ceramics that offer similar properties at lower costs. Since production of boron carbide is costly, industries will likely opt for cheaper substitutes, especially those price-sensitive sectors, due to tight budgets. These alternative materials may not only result in a challenge in the market dynamic, but they also require continuous improvements and cost-cutting in boron carbide production to sustain its competitive advantage.

• Sustainable Development and Environmental Regulation : Increased emphasis on sustainability in industries has paved the way for an impact on the Boron Carbide market via environmental regulation. The demand for sustainable production processes continues to grow due to ongoing pressure to reduce carbon emissions and enhance the use of eco-friendly practices. Hence, industries are investing in greener manufacturing techniques to observe environmental standards and improve the recyclability of end products. This creates room for more efficient, greener Boron Carbide solutions, which could enhance the market growth with global sustainability goals achieved at the same time.

Report Scope

Feature of the Report	Details
Market Size in 2025	USD 260.6 Million
Projected Market Size in 2034	USD 366.2 Million
Market Size in 2024	USD 250.4 Million
CAGR Growth Rate	3.8% CAGR
Base Year	2024
Forecast Period	2025-2034
Key Segment	By Grade, Product Type, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Boron Carbide report is available upon request; please contact us for more information.)

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(Please note that the sample of the Boron Carbide report has been modified to include the COVID-19 impact study prior to delivery.)

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Boron Carbide Market SWOT Analysis

• Strengths: Boron carbide presents outstanding hardness, wear resistance, and neutron absorption characteristics, which make it necessary for industries like defense, nuclear energy, and abrasives. Boron carbide is vital for applications such as body armor, armored military vehicles, and control rods in nuclear reactors. Alongside this, it is a good market for providing high performance for a diverse range of applications in aerospace, automotive, and manufacturing, among others. Growing industrial needs and advancing technology have strengthened the demand for robust materials. The other segment, such as major global players like 3M and Saint-Gobain, adds strength to the market with science and technology innovations that also produce at a large scale, ensuring product availability.

• Weaknesses: High production cost makes boron carbide less viable in affordability due to special manufacturing processes. The raw material employed for boron carbide is high-priced, and with the complex processing of production in creating high quality, overall, the cost is increasing. As a result, boron carbide has remained unaffected in price-sensitive markets, prompting some industries to seek substitutes such as silicon carbide, which fulfills similar functions at a lower cost. Such other independent raw materials make the supply chain vulnerable, which potentially affects market stability in times of shortages or price variation.

• Opportunities: The defense and nuclear energy sectors are growing, increasing boron carbide's opportunities for market growth. With defense budgets increasing across countries, protective clothing, armored vehicles, and military equipment will increase demand for boron carbide. Likewise, the nuclear industry's expansion progresses under the global trend of going toward cleaner energy sources, which is expected to propel boron carbide adoption in current and new applications for nuclear reactor use. The widening potential also lies with high-performance materials for aerospace and automotive applications. Continual advancement in manufacturing routes will make boron carbide more efficient and cost-effective, creating new avenues for emerging markets and industry.

• Threats: Boron carbide receives a heavy blow from competing materials like silicon carbide and alumina ceramics, which offer similar benefits at lower costs. Silicon carbide and alumina ceramics are gaining market share, especially in industries like abrasives, wear-resistant coatings, and high-performance ceramics. Such developments in various fields pose a risk to boron carbides market share. Moreover, full-fledged costs in production put boron carbide at an even greater disadvantage in price-sensitive fields. Furthermore, raw material prices fluctuate and supply chains get disrupted, leading to price changes that will affect the material's acceptability and availability. Regulatory pressure and environmental aspects of the production process may also be hurdles to market penetration due to the stringent provisions that companies have to follow, therefore increasing operational costs.

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Key questions answered in this report:

• What is the size of the Boron Carbide market and what is its expected growth rate?
• What are the primary driving factors that push the Boron Carbide market forward?
• What are the Boron Carbide Industry's top companies?
• What are the different categories that the Boron Carbide Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the sample report on the Boron Carbide market and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2025−2034
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Boron Carbide Market Regional Analysis

The Boron Carbide Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• In North America, the boron carbide market holds a significant share of the global market, driven by demand from the defense, nuclear energy, and industrial sectors. The USA forms an exceptionally large market driven by advanced defense technologies, and boron carbide is required by major defense applications, such as ballistic protection, armored vehicles, and body armor. The North American nuclear industry also uses boron carbide to absorb neutrons in nuclear reactors. The aerospace and manufacturing sectors contribute to the growth of the boron carbide market. The region should sustain a steady growth trajectory owing to extensive defense spending and development in energy and manufacturing technologies.

• Europe : The boron carbide market in Europe is expanding rapidly due to growing demand from the automotive, aerospace, and defense sectors. The region is at the forefront of advanced material science and manufacture, positioning boron carbide as a crucial component for high-performance applications like cutting tools and wear-resistant coatings. In addition, Europe's commitment to clean energy is now generating an increasing interest in boron carbide for nuclear energy applications. As France, the UK, and Germany invest in nuclear power, demand for boron carbide for reactor control and shielding materials should increase as well.

• Asia-Pacific : The Asia-Pacific region remains the largest as well as the fastest-growing boron carbide market, owing mainly to the rapid industrialization and technological advancement in China, India, and Japan. Industrial application-wise, China largest manufacturer in the world-holds substantial demand for boron carbide in abrasives and advanced materials in other industries, such as aerospace, automotive, and defense. In China and India, the growing interest in nuclear energy is another factor driving the demand for boron carbide in reactor control systems. Additionally, we anticipate that increased defense spending in the region will enhance the use of boron carbide in ballistic protection. The market for boron carbide in the Asia-Pacific region would grow at a CAGR of 3.4% to USD 110.0 million in value by 2025.

• LAMEA : With the increasing levels of industrial advancement and infrastructure projects in Latin America, the region has already started emerging as a key boron carbide market. This, and increasing investments in defense and energy in the Middle East and Africa, are the growth drivers of the global boron carbide market. Brazil and Mexico comprise some of the manufacturing countries, where their demand comes primarily from industrial bases that are being expanded. In defense and energy applications, it is forecasted that boron carbide use would increase in the Middle East and Africa, specifically military armor against the backdrop of rising global nuclear energy programs. The development across LAMEA, therefore, is expected to be moderate, with an estimated market share for boron carbide of 6.10% by 2025.

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List of the prominent players in the Boron Carbide Market :

• Saint-Gobain
• 3M
• C. Starck
• Nippon Carbide Industries Co. Inc.
• Momentive
• Borochem
• BASF SE
• Treibacher Industrie AG
• Imerys Graphite & Carbon
• Ningxia Xinmacheng Silicon Industry Co. Ltd.
• Jiangsu Zhongtian Boron Technology Co. Ltd.
• CeramTec
• Zhengzhou Fengyuan Chemical Co. Ltd.
• Shanxi Xinfeng Chemical Co. Ltd.
• Jilin Jien Nickel Industry Co. Ltd.
• Qingzhou Taizhong Chemical Co. Ltd.
• Jiangsu Yixing Chemical Co. Ltd.
• Lianyungang Zhitai New Materials Co. Ltd.
• Zirconium Chemicals Inc.
• Kurt J. Lesker Company
• Others

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The The following segments make up the Boron Carbide Market :

By Grade

• Abrasive Grade
• Nuclear & Defence Grade

By Product Type

• Powder
• Paste
• Grains

By Application

• Industrial
• Nuclear
• Defence

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Boron Carbide Market Research/Analysis Report Contains Answers to the following Questions .

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Boron Carbide Market? What is Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Boron Carbide Market? What Was the Capacity, Production Value, Cost and PROFIT of the Boron Carbide Market?
• What Is the Current Market Status of the Boron Carbide Industry? What is the market competition in this industry, both at the company level and by country? What's the Market Analysis of the Boron Carbide Market by Considering Applications and Types?
• What are the projections for the global boron carbide industry in terms of capacity, production, and production value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about imports and exports?
• What Is Boron Carbide Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Boron Carbide Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Boron Carbide Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for the Boron Carbide Industry?

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Reasons to Purchase Boron Carbide Market Report

• Boron Carbide Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Boron Carbide Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Boron Carbide Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• We provide extensive company profiles that include company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• Recent developments, including growth opportunities and drivers, as well as challenges and restraints in both emerging and developed regions, shape the industry's current and future market outlook.
• The Boron Carbide Market includes an in-depth analysis from various perspectives, utilizing Porter's five forces framework and offering insights through the Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Boron Carbide market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players drive market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Boron Carbide market analysis.

• The competitive environment of current and potential participants in the Boron Carbide market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• We have provided actual market sizes and forecasts for each segment mentioned above.

Who should buy this report?

• Participants and stakeholders worldwide Boron Carbide market should find this report useful. The research will be useful to all market participants in the Boron Carbide industry.

• Managers in the Boron Carbide sector are interested in publishing up-to-date and projected data about the worldwide Boron Carbide market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Boron Carbide products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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