Boron Carbide Market Size Worth USD 202.18 Billion By 2032
The global boron carbide market size was estimated at USD 141.8 Million in 2021 and is expected to hit around USD 202.18 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.55% from 2022 to 2030. Boron carbide is a crystalline compound of boron and carbon. It is the hardest material known after diamond and cubic boron nitride. It is used in abrasive and wear-resistant products, in lightweight composite materials, and in control rods for nuclear power generation. Its strength ability is to withstand an applied load without failure or plastic deformation. Boron carbide is also used as ballistic armor along with other materials, resulting in properties like high hardness, high elastic modulus, and low density which provides extraordinary unique stopping power against high-velocity projectiles. Boron Carbide has antimicrobial protection properties due to which they are used in cooling towers in power plants, mining, swimming pools, tank armor, bull...