Asia Pacific Nano Boron Carbide Market size led by China, India and Japan. China being the largest exporter and producer, drives the regional product demand. It caters to ceramic, refractory and abrasive industry in Asia Pacific regions. Increased in boron carbide use as substitute to diamonds drives regional industry growth.
North America driven by Canada and the U.S. Nano boron carbide market size may grow significantly. Increased spending in defense for growing security concern and global terrorism along with revamped medical industry supported by cancer treatment technology innovations propel regional industry growth.
Nano boron carbide has major significance in nuclear application due to its high neutron absorption quality used in nuclear shielding It is used as an additive to concrete for constructing nuclear plants and as protective coating over nuclear shielding panels & reaction control rods. Global nuclear energy demand exceeded 2500 TW-h in 2016 and might grow at a rate of over 5% driving product demand during forecast period.
Increasing Nano boron carbide application scope in military owing to its growing use in ceramic body armor manufacturing. These armors are light in weight, withstand extreme temperature, wear, corrosion and possess special electrical properties. Growing political instability and increased defense spending will propel industry growth. It is also used in manufacturing heavy armored protection systems of aircraft, ships and vehicles.
According to analysis, recent innovation provides microparticulate carbide reinforced in carbon nanotubes which consists of carbon Nano lumps formed on the tube surface. This method enables carbide particles use as composite fillers in manufacturing high strength composite materials with improved load transfer characters.
Global Nano boron carbide market is moderately fragmented. Some key players include Element Six, 3M Company, Saint-Gobain, Momentive, Starck, Dalian Zhengxing Abrasive Co., Beijing ZhengdaHuayi Boron Carbide Products Co., and hengzhou Zhendong Technology.
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Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing.
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