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Market value of boron carbide worldwide in 2021, with a forecast until 2030 (in billion U.S. dollars)

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Source

Release date

November 2022

Region

Worldwide

Survey time period

2021

Supplementary notes

*Values from 2022 to 2029 were estimated by ÌÇÐÄÆƽâ°æ using data provided by the source. Projection based on a CAGR of 3.0 percent for the forecast period from 2022 to 2030.

Citation formats

Global boron carbide market value 2021-2030

Published by
Doris Dokua Sasu,
Feb 27, 2024
The global market for boron carbide was valued at *** billion U.S. dollars in 2021. This figure is forecast to grow over the next decade – based on a compound annual growth rate (CAGR) of *** percent – to reach a market value of nearly *** billion U.S. dollars in 2030. This would represent an increase of more than ** percent when compared to 2021. Boron carbide is a crystalline compound of elemental boron and carbon. It's an extremely hard material commonly used in tank armor and bulletproof vests.
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