A major growth in the research and development industries across the globe is going to accelerate the market demand with an expected market share of 40%. The Global calcium hexaboride market was valued US$ X.43 Bn in 2019 and is expected to reach US$ X.64Bn by 2027, at a CAGR of X.8% during a forecast period.
Global Calcium Hexaboride Market
Calcium hexaboride is a combination of calcium and boron having chemical formula 〖CaB 〗_6and available in powder form.It is black in color, slightly soluble in water and glossy,chemical compound with a low density.Calcium hexaboride is an imperative material owing to its property such as good rigidity, high chemical stability, electrical conductivity, and melting point and hence widely used in the copper recycling industries.
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Market Drivers and Restraints:
Despite acceptance of calcium hexaboride in the field of ceramic, metal treatment, 3D printing;additionally, calcium hexaboride is also widely utilised by the steel industry,mainly in production of boron alloy steel whichis also boosting the market demand. Growth in the industrial sectorsuch as steel, chemical, advancement in the recycling process and other which has been recording a very robust growth considered as a driving factor for the global calcium hexaboride market. Ongoing research and development for the product is expected to increase the market demand in the coming seven years.
Global Calcium Hexaboride is boosting the market growth as refining materials. For instance, in copper refining process targeted material act as superior deoxidizing agent making this product prominent in such industries. Main factor boosting the demand of calcium hexaboride is it helps to diminish the electrical conductivity of the targeted material.On the other hand, fluctuation in raw materials price and toxicity related to the human health has been hamperingthe market growth.
Calcium Hexaboride Market Segment analysis:
By the application segment, industry segment is expected to dominate the market growth. Calcium hexaboride have broad applications in numerous developing industries which include manufacturing of cathode material, copper, steel, thermoplastic material owing to its favorable properties making this material prominent in targeted industries. Calcium carbonates works as an accelerator and utilised in the production of these materials and huge demand from the copper metal industries is gaining the attraction from the investors to invest in the market growth will generate numerous employment opportunity.
As the automotive, electrical and electronics sector is still developing in Asia Pacific regions expected to generate high demand for the materialwhich will boost the market growth. Technological advancement and development in the method of manufacturing process expectedto rise the demand for calcium hexaboride in the coming years.
Calcium Hexaboride Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the calcium hexaboride market and is expected to grow at a CAGR of XX % during the forecast period. Forthcoming huge mining industry in the region post 2019 economic recession has positively influenced the product demand. Occurrence of healthy end-user industries including thermoplastic and locomotive sector will increase the high demand for product above mentioned applications. Furthermore, bending interest for the investment in the Asia Pacific region amongst other expected to boost the market growth by 2027.
Asia Pacific is followed by North America as this region is fully developed and trends towards adoption of automotive industries and developing steel sector will intensify the market demandand expected to be the major driver of the market.Developing regions like India, China, and Japan are considered as the major contributors for the Calcium Hexaboride market growth in the Asia Pacific region.
The objective of the report is to present a comprehensive analysis of theGlobalCalcium Hexaboride Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Calcium Hexaboride Market dynamics, structure by analysing the market segments and project the Global Calcium HexaborideMarket size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Calcium Hexaboride Market make the report investor’s guide.
Scope of Calcium Hexaboride Market
Global Calcium Hexaboride market, ByType
Global Calcium Hexaboride market, By Application
Global Calcium Hexaboride Market, By Region
Middle East & Africa
Key Players Operating theCalcium Hexaboride Market,
Materion Advanced Materials Group
NOAH Technologies Corporation
ESPI Corp. Inc.
Aifeng New Cera
Dandong Chemical Engineering Institute
Dalian Jinma Boron Technology
Reade Advanced Materials
Dandong Zhonghe Chemical Plant
Riedel-de Haen AG
Haotian nano technology
J & K SCIENTIFIC
Qingzhou Zhengda Chemical
Shanghai Naiou Nanotechnology
3B Pharmachem International
Hubei Ju Sheng Technology
Shanghai Yunfu Nanotechnology
Meryer Chemical Technology
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