Boron Ore Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

Boron is a chemical element with atomic number 5 and symbol B. Boron is said to be a low abundance element in both the Earth’s crust and solar system, as it is produced directly by cosmic ray spallation and not by stellar nucleosynthesis. Boron is concentrated on Earth owing to water solubility of the naturally occurring compounds such as borate minerals. These minerals are industrially mined as evaporates that include kernite and borax.

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Metalloid, which is chemically uncombined boron is found in meteoroids in very small amounts but is not found naturally on earth. The pure form of boron tends to form refractory materials that contain minute amounts of carbon or other elements. Several allotropes of boron such as crystalline boron and amorphous boron are hard and poor conductor at room temperature. Elemental boron is used in the semiconductor industry as a dopant. Around 200 naturally occurring boron containing minerals exist on the earth among which the commercially important and frequently used mineral are colemanite, tincal, kernite and ulexite. These ores can be refined into its pure chemical compounds such as boric acid, anhydrous borax, anhydrous boric acid, borax decahydrate and sodium pentahydrate among others. Some of the commercially important boron minerals include datolite, kernite, ulexite, hydroboracite, tincal and colemanite among others.

Some of the major applications of boron ore include industrial scale uses such as in borosilicate glass with trademark of Pyrex and in sodium perborate bleaches. Boron ceramics and polymers have a significant role as lightweight structural high-strength refractory materials. They have application in the silica based glasses and ceramics that gives them resistance to thermal shock. Its reagents are used as intermediates in the synthesis of fine organic chemicals. Boron is also used in the pharmaceutical industry specifically for few applications that are under study.

Some of the major drivers for boron ore market include the increasing demand from the glass industry for manufacture of borosilicate glass. In addition, the growing building and construction industry is also expected to add to the demand for boron ore globally. The key segments profiled for boron ore market include North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific is expected to dominate the boron ore market owing to the growing building and construction industry in this region. The U.S., Turkey and Russia have the important bore mines and are the one among the largest consumers of boron ore globally.

The substitute of boron in the market i.e. plastics is expected to hamper the boron ore market as it may substitute boron in a number of applications. The substitute exists in the applications that include detergents, soaps, enamels and insulations among others. Boron compounds, in detergents can be replaced with chlorine and enzymes. Lithium compounds are used in the manufacture of glass and enamels products. Insulation substitute include foams, cellulose and mineral wools among others. Plastic is the major substitute of boron in borosilicate glass which may hamper the boron ore market in the coming years.

Some of the key companies profiled in the boron ore market research report include: Etimine USA, Maxore Mining Inc, Rio Tinto, ETIMADEN, Russian Bor Chemical Company, U.S. Borax Inc, BASF, Durferrit, Chemetall, ESK Ceramics, H.C. Starck, Borax Morarji Ltd, Solvay, Japan New Metals, Morita Chemical Industry Co, Denki KK Kabushiki Kaisha, Nippon Denko, Mizushima Ferroalloy Co, Stella Chemifa Corp, NGK Spark Plug Co, Sumitomo Electric Hardmetal Corp, JSC Halogen, American Elements, Albemarle JSC Aviabor and Akzo Nobel among others.

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