Press release
Boron Market Expected to Reach USD 2.78 Billion by 2029, with 4.3 % CAGR
Boron Market
The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Boron industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.
The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.
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What are Boron Market Dynamics?
Boron, with an atomic number of 5 and symbol B, is a unique chemical element. Originating from cosmic ray spallation and supernovae, boron is a rare element in the solar system and earth's crust, constituting about 0.001% of the earth's weight. Widely used in various applications, boron is primarily mined from evaporates like borax and kernite. Turkey, the global leader in boron production, hosts substantial boron deposits.
The demand for electrical equipment is anticipated to expand, and fibreglass is anticipated to become more prevalent in markets previously dominated by concrete and steel. The use of fibreglass in wind turbine blades is also anticipated to positively affect the development of the boron market. An increase in construction spending is anticipated to lead to a rise in the demand for fibreglass for public infrastructure like bridges and highways, which is anticipated to open up new market opportunities for the world market. Participants in the global market may face difficulties due to a lack of boron, highly concentrated deposits, and a challenging manufacturing procedure.
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Boron Market Segmentation?
From Source, The boron source market is dominated by the mining industry. Around the world, the majority of borate deposits are extracted from open pits using backhoe machinery or a truck and shovel. The only underground mining company in the US is called Death Valley. During the projected period, the Boron Mining Segment is anticipated to reach approximately 1.89 billion.
The market is segmented into glass, ceramic, fertilisers, detergent, and others based on application. The glass sector leads the boron market because to the extensive use of glass. The mechanical strength, heat resistance, insulation, chemical resistance, and water resistance of glass fibre are all attributed to boron. Glass makes up about half of the boron market due to its high consumption and widespread application in electronics and insulation.
by Source
Mining
Salt Lake Source& Others
by Application
Glass
Ceramic
Fertilizer
Detergent
Others
by End-user
Industry Agriculture
Transportation
Building and Construction
Detergents
Healthcare
Electronics
Other End-use Industries
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Who are Boron Market Key Players?
1. 3M Technical Ceramics
2. Borax Argentina S.A.
3. Boron Molecular
4. Dalian Jinma Boron Technology Group Co. Ltd.
5. Eti Maden
6. Manufacturas Los and es
7. Minera Santa Rita
8. Quiborax
9. Rio Tinto
10. Searles Valley Minerals
11. Dalian Jinma Boron Technology Group Co. Ltd.
12. SB Boron
13. Ceradyne, Inc.
14. Boron Specialities LLC.
15. Mudanjiang Jingangzuan Boron Carbide
16. Manufacturas Los Andes
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Table of content for the Boron Market includes:
Global Boron Market: Research Methodology
Global Boron Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Boron Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Boron Market Segmentation
Global Market, by Source(2022-2029)
Global Market, by Application (2022-2029)
Global Market, by End-user Industry (2022-2029)
Regional Boron Market (2022-2029)
Regional Market, by Source (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by End-user Industry (2022-2029)
Regional Market, by Country (2022-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
Europe was the main regional boron market in terms of supply due to huge reserves in Turkey, which collectively account for more than one-third of the whole resource throughout the world. North America came in third, followed by Latin America in second. Asia Pacific is the region with the highest boron consumption rates due to the rising demand for fibreglass in a variety of industries, including electrical devices and vehicles. With 56% of the global boron market, the Asia Pacific region dominates the market. More than half of the world market is under the grip of the Turkish company Eti Maden. Asia Pacific has the largest usage because of the region's thriving construction, automotive, and electronic industries.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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