Borax Market Size Analysis, Drot, Pest, Porter's, Region & Country Forecast Till 2030

Reports and Data estimates the global Borax competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global Borax during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include ICL Industrial Products (Israel), Eti Maden (Turkey), Rio Tinto Minerals (US), US Borax (US), and FMC Corporation (US).

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Borax Overview :-

The borax market is expected to register a moderate revenue CAGR of 4.8% between 2022 and 2030. An increase in demand for borax in glass and ceramic manufacturing is driving the market growth. Furthermore, rising demand for borates in the construction industry is expected to drive the growth of the borax market. Borates are often used as an ingredient in fireproofing materials, which are widely used in the construction industry. The rising awareness about the fire safety benefits of borates is expected to drive the demand in the construction industry. Borates are also used in agriculture as an insecticide and fungicide. They help in the prevention of pre-and post-harvest losses caused by insects and fungi. Borates' rising application in agriculture will support market growth during the forecast period.

Another driving factor for the borax market is the rising demand for borosilicate glass. Borosilicate glass is a type of glass that contains boric oxide. It is widely used in the manufacturing of laboratory equipment, domestic cookware, and electrical insulators. The growing demand for these products is expected to drive market growth during the forecast period.

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For the purpose of this report Reports and Data has segmented global Borax market on the basis of type, application, and region:

Type Outlook (Revenue, USD Million; 2022-2030):

Anhydrous borax
Boric acid
Others

Application Outlook (Revenue, USD Million; 2022-2030):

Glass & ceramics
Enamel glazing
Detergents
Fireproofing materials
Agriculture
Others

End-user Outlook (Revenue, USD Million; 2022-2030):

Residential
Commercial
Industrial

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

What is the expected year-on-year growth of the Borax during the forecast period?
What key trends are expected influence revenue growth of the market going ahead?
Which region is expected to account for largest revenue share over the forecast period?
Which key companies are profiled in the report?

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