Press release
Borates Market Projected to Reach $1.62 Billion by 2030 at 4.68% CAGR
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ซ ๐๐๐๐ซ๐๐๐ฌ๐ ๐๐จ๐ซ ๐ฐ๐ก๐๐ญ ๐๐จ๐ง๐ญ๐๐ข๐ง๐ฌ:The demand for borates is projected to experience steady growth, driven primarily by their essential role in several industries, including agriculture, glass, ceramics, and construction. A significant factor contributing to the increased demand is the necessity for micronutrients like boron in agriculture to enhance crop yields, especially in regions where soil boron concentrations are low. Government initiatives, particularly in countries like India, are supporting this demand through subsidies and projects aimed at improving food productivity.
In the Asia-Pacific region, which accounts for over 50% of the global borates market, the booming construction, automotive, and electronics sectors further fuel the growth. This region's dominance is due to its extensive consumption of borates in these industries.
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
The size of the global market for borates was estimated at US$ 1.18 billion in 2023, and from 2024 to 2030, total revenue is predicted to increase at a CAGR of 4.68% to reach US$ 1.62 billion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/108282/
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Boric Acid
Borax
The market is divided into two segments based on the kind of product: borax and boric acid. By 2030, the sector for boric acid is anticipated to have the most market share. In the vaginal region, boric acid helps to maintain a healthy acid balance. It is used to treat vaginal yeast infections and lessen burning and itching symptoms.
Any type of mold and pest insects, including ants, silverfish, cockroaches, fleas, and other vermin, can be effectively removed with boric acid. Additionally, boric acid is employed in the leather industry and in the jewelry industry in combination with denatured alcohol.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Glass
Ceramics
Detergents
Agriculture
Others
The market is divided into Glass, Ceramics, Detergents, Agriculture, and Others segments based on the application. It is anticipated that the glass segment would expand at a compound annual growth rate (CAGR) of 2024-2030. Borosilicate glass has many qualities, including physical strength, chemical resistance, aqueous endurance, and resistance to heat shock. Cookware for the oven to table, lab apparatus, pharmaceutical containers, lighting lenses, and tubing are a few examples of applications.
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The borates market is a critical component of the global chemical industry, primarily driven by its wide-ranging applications across various sectors such as agriculture, construction, glass and ceramics, and detergents. Borates, which include compounds like boric acid and borax, are valued for their properties as micronutrients in agriculture, as well as their use in strengthening glass and ceramics and enhancing the effectiveness of detergents.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/108282/
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Borates market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Borates , are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The approach that gives investors relevant information by combining SWOT and descriptive analysis is covered in the report. The study's main objective is to provide a comprehensive picture of the Borates market. The process of gathering data uses a variety of methods, such as surveys and questionnaires. Following this, mathematical, statistical, and numerical approaches are used to evaluate the data. It takes a combination of qualitative and quantitative research approaches to identify Borates market trends, so gathering and processing data is crucial.By carefully examining the situation of buyer-direct, RD initiatives, innovative forms of development, cutting-edge industry techniques, and market consolidations and acquisitions, the research evaluates the potential futures of the market. The research includes methods, organizational charts, portfolios, and a critical evaluation of well-known corporate executives. Borates Doors underwent a thorough PESTLE study and SWOT analysis in order to provide microeconomic variables and detect market trends.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/108282/
๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Searles Valley Minerals
2. Sociedad Industrial Tierra
3. Etimine
4. Borax Argentina S.A
5. Rio Tinto
6. Minera Santa Rita SRL (MSR)
7. Inkabor
8. Jinma Boron
9. Liaoning Shougang
10. Quiborax
11. Ganesh Chem Tech Pvt Ltd
12. Transpek Silox Ind Limited
13. Nithyasri Chemicals
14. Parshwamani Metals
15. Global Pharma Chem
16. A. B. Enterprises
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-borates-market/108282/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ซ๐๐ญ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Borates?
โข What is the growth rate of the Borates?
โข Which are the factors expected to drive the Borates market growth?
โข What are the different segments of the Borates?
โข What growth strategies are the players considering to increase their presence in Borates?
โข What are the upcoming industry applications and trends for the Borates?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Borates?
โข What major challenges could the Borates face in the future?
โข What segments are covered in the Borates?
โข Who are the leading companies and what are their portfolios in Borates?
โข What segments are covered in the Borates?
โข Who are the key players in the Borates market?
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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