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Nano Boron Carbide Market to Showcase Impressive Growth of Applications in The Biological and Chemical Industry for Upcoming Years

Author : Ronak Bora | Published Date : 2019-03-28 

Nano Boron Carbide Market is mainly driven by increasing application outlook in metal, biological and chemical industry. Nano boron carbide has strong application in hard metal industry tools & machine components production owing to its attributes such as extreme hardness and chemical resistance. Global metal industry is expected to size over USD 2,500 billion during forecast timeframe with gains at over 5%. Its extensive used as abrasive in cutting tools and dies is likely to propel industry growth.

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It is a fine black powder consists of boron carbide particles sizing approximately over 40 nm in diameter. Nano boron carbide is used in various industries attributing to its hardness, unique neutron interaction, high temperature resistant and self-lubrication characteristics. Nano boron carbide is manufactured in heat furnace at by using petroleum coke and boric acid as key raw materials. The process can convert only 15% charge into boron carbide.

Nano boron carbide Market is used as a degrader in conventional brain cancer radiotherapy. It can curb protons energy released during process without scattering. Graphite being its substitute is not efficient in screening the energy. Global cancer therapy market may grow at over 20% reaching USD 55 billion by 2024 which might drive product demand owing to rising prevailing brain tumors incidences.

Nano boron carbide Market 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.

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.

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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.

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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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