Product Code: ETC198160 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Indonesia Boron Carbide Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 8.63% in 2025, growth builds up to 12.00% by 2029.
The Boron Carbide market in Indonesia is projected to grow at a high growth rate of 10.08% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Boron carbide (also known as B4C) is an extremely hard, black-gray powder composed of boron and carbon. It is the third hardest material after diamond and cubic boron nitride and ranks among the top 10 most difficult materials in terms of their ability to scratch surfaces, making it a valuable commodity for various industries, including aerospace, nuclear energy, defense, automotive and medical equipment manufacturing. Its main application is as an abrasive in grinding wheels or lapping compounds. Additionally, its non-flammability makes it ideal for use in ballistic armor systems like bullet proof vests.
The Indonesia Boron Carbide market size was valued at USD 478 million in 2025 and is anticipated to grow at a CAGR of 9.1%due to increasing demand from end use applications such as automotive industry and military & defense industry. The growing popularity of lightweight cars has fueled the growth prospects for Boron Carbide Market. Furthermore , Increasing consumer awareness about product usage along with advancements in technology are expected to drive market growth during this forecast period. Growing penetration into electronic components such as semiconductors owing to higher hardness , wear resistance properties will also accelerate demand over next few years.
Increasing demand for boron carbide in the automotive industry, due to its properties such as high hardness and strength, good wear resistance and corrosion resistance. This is expected to be a major driving factor for the Indonesia boron carbide market over the forecast period. Growing demand from military & defense sector owing to its superior ballistic protection capabilities as compared to steel and other armor materials is also providing growth opportunities for Indonesia boron carbide market players.
The pandemic has had an adverse impact on the global markets, including Indonesia boron carbide market. The decline in consumer demand, disruptions in production activities across industries, supply chain constraints resulting from lockdowns imposed by governments have all contributed towards a decrease in sales of this product within recent times. However it is expected that with time these issues will soon be resolved leading to recovery of this market post-COVID-19 pandemic situation stabilizing globally.
One major challenge faced by manufacturers operating in this country is the availability of raw materials used for manufacturing of Boron Carbide products at reasonable prices which can help them remain competitive against foreign producers who enjoy easy access to cheaper substitutes like China manufactured goods etc. There are also environmental considerations related with disposal or recycling of Boron Carbide waste which might hinder growth further if not addressed properly by regulatory authorities within Indonesia itself or neighboring countries where significant amounts are exported too hence imposing certain restrictions on their usage thereby impacting overall sales volume negatively.
Some prominent players in Indonesia Boron Carbide Market include Saint-Gobain Noritake Co., Ltd (Japan), 3M Company (US), AGSCO Corporation (US), Washington Mills (US), Reade International Corp.( US) , BORON SPECIALTIES INC( US) , Carborundum Universal Ltd ( India ), Ortech Ceramics Inc.( US ) among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Boron Carbide Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Boron Carbide Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Boron Carbide Market - Industry Life Cycle |
3.4 Indonesia Boron Carbide Market - Porter's Five Forces |
3.5 Indonesia Boron Carbide Market Revenues & Volume Share, By By Grade, 2021 & 2031F |
3.6 Indonesia Boron Carbide Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.7 Indonesia Boron Carbide Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Indonesia Boron Carbide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Boron Carbide Market Trends |
6 Indonesia Boron Carbide Market, By Types |
6.1 Indonesia Boron Carbide Market, By By Grade |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Boron Carbide Market Revenues & Volume, By By Grade, 2021-2031F |
6.1.3 Indonesia Boron Carbide Market Revenues & Volume, By Abrasive Grade, 2021-2031F |
6.1.4 Indonesia Boron Carbide Market Revenues & Volume, By Nuclear & Defense Grade, 2021-2031F |
6.2 Indonesia Boron Carbide Market, By By Type |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Boron Carbide Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Indonesia Boron Carbide Market Revenues & Volume, By Paste, 2021-2031F |
6.2.4 Indonesia Boron Carbide Market Revenues & Volume, By Grains, 2021-2031F |
6.3 Indonesia Boron Carbide Market, By By Application |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Boron Carbide Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 Indonesia Boron Carbide Market Revenues & Volume, By Nuclear, 2021-2031F |
6.3.4 Indonesia Boron Carbide Market Revenues & Volume, By Defense, 2021-2031F |
7 Indonesia Boron Carbide Market Import-Export Trade Statistics |
7.1 Indonesia Boron Carbide Market Export to Major Countries |
7.2 Indonesia Boron Carbide Market Imports from Major Countries |
8 Indonesia Boron Carbide Market Key Performance Indicators |
9 Indonesia Boron Carbide Market - Opportunity Assessment |
9.1 Indonesia Boron Carbide Market Opportunity Assessment, By By Grade, 2021 & 2031F |
9.2 Indonesia Boron Carbide Market Opportunity Assessment, By By Type, 2021 & 2031F |
9.3 Indonesia Boron Carbide Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Indonesia Boron Carbide Market - Competitive Landscape |
10.1 Indonesia Boron Carbide Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Boron Carbide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |