Market Overview of Calcium hexaboride

The calcium hexaboride market is projected to grow at a CAGR of 5.5% from 2022 to 2030. The market growth is attributed to the increasing demand for calcium hexaboride in various applications such as industry, manufacture, chemical, etc. Asia Pacific is projected to be the fastest-growing region during the forecast period owing to the increasing demand from countries such as China and India. Calcium hexaboride (CaB6) is a chemical compound composed of calcium and boron in a ratio of 1:6. It is a crystalline solid used in a variety of industrial applications, including as a component in bulletproof armor and in a range of electronics. It is also used as a component in high-temperature alloys and as a doping agent for semiconductor materials. This highly stable compound has low toxicity, making it appealing for many industrial uses. The industry application segment accounted for over 60% of the overall demand in 2015. The industry applications include chemical processing, metalworking, and cement manufacturing. Chemical companies use calcium hexaboride to produce various chemicals such as polycarbonate, epoxy resins, and lubricants which are used across several end-use industries, such as auto motive & transportation and electronics & semiconductor sectors. Manufacturers use the product for manufacturing industrial equipment that isused in several industries, including oil & gas and food processing, amongothers. Asia Pacific dominated the global market in terms of volume, with a share of over 60% in 2021. The region is projected to witness significant growth on account of rising demand from end-use industries such as electronics, automotive, and construction. China accounted for a major share of the regional market owing to its large manufacturing base and high consumption levels. If you are looking for high quality, high purity, and cost-effective Calcium hexaboride, or if you require the latest price of Calcium hexaboride, please feel free to email contact mis-asia.