Boron Market 2024-2033 Research Report: Sustainable Growth, Demand Dynamics, and Overview

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2177

The Business Research Company presents an extensive market research report on the Boron Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The boron market size has grown exponentially in recent years. It will grow from $6.57 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to rising agricultural applications, glass and ceramics industry, consumer products, electronics and semiconductors, medical and healthcare sector.

The boron market size is expected to see rapid growth in the next few years. It will grow to $12.68 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing agricultural demand, innovations in glass and ceramics, rising consumer product manufacturing, advancements in electronics, expanding healthcare applications. Major trends in the forecast period include focus on boron neutron capture therapy (bnct), boron in the aerospace industry, boron-based flame retardants, boron in nuclear power applications, sustainable mining practices.

Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6815&type=smp

Key Market Players:

Major companies operating in the boron market report are Rio Tinto Group, 3M Company, Borusan Holding A.Ş., Allkem Limited, Searles Valley Minerals Inc., Ceradyne Inc., Borax Inc., S B Boron Corporation, Boron Molecular PTY. Limited, Gujarat Boron Derivatives Pvt. Ltd., China National Bluestar Group Co. Ltd., Minera Santa Rita SRL (MSR), SB Boron Corporation, Qinghai Zhongtian Boron Lithium Mining Co. Ltd., Quiborax S.A., Boron Specialities LLC, Eti Maden İşletmeleri Genel Müdürlüğü, Qinghai Huaxia Boron Co. Ltd., Inner Mongolia Mengyuan Boron Co. Ltd., ABC Corporation, Sichuan Tianli Group Co. Ltd., Henan Sanxing Boron Co. Ltd., LMN Minerals, Jiangxi Lianyi New Materials Co. Ltd., PQR Chemicals, Xinjiang Yutai Boron Compounds Co. Ltd., Fujian Minnan Borate Co. Ltd., Shanxi Borui New Materials Co. Ltd., Hebei Xin'an Boron New Materials Co. Ltd., Hunan Bolin New Materials Co. Ltd.

Market Drivers:

The increasing expansion of agriculture sector is expected to propel the growth of boron market going forward. The agriculture sector refers to the portion of the economy that is involved in the cultivation of land, raising crops, and rearing animals for various purposes. Boron is utilized in agriculture as a crucial micronutrient, supporting processes such as cell development, pollination, and fruit formation in plants. It is commonly administered through boron-containing fertilizers to address soil deficiencies, ensuring optimal crop growth, yield, and quality. For instance, in June 2022, according to Organization for Economic Co-operation and Development, a France-based intergovernmental organization, agricultural productivity would need to increase by 28% in the next decade to achieve the zero-hunger target. Further, global crop production is estimated to increase by 87% by 2030. Therefore, the increasing expansion of agriculture sector is driving the growth of boron market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/boron-global-market-report

The boron market covered in this report is segmented -

1) By Type: Aerospace Composite Materials, Boronated Glasses, and Other Types- Boron
2) By Mining Type: Underground Mining, Surface Mining

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

"Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"

This release was published on openPR.