Press release
Soaring Global Boron Market Predicted to Hit $11.82 Billion by 2029: Key Drivers and Trends
Boron Market Size
What Is The Projected Market Size Of The Global Boron Market And Its Growth Rate?
The global Boron market has demonstrated remarkably profitable growth in recent years, and it's predicted to soar further:
• The Boron market, valued at $7.46 billion in 2024, is projected to increase to approximately $8 billion in 2025, marking a compound annual growth rate (CAGR) of 7.3%.
• By 2029, the Boron market is forecasted to amplify further to approximately $11.82 billion, recording a CAGR of 10.3%.
Factors inciting this market expansion encompass the rising demand across agricultural, electronics & semiconductors, consumer products, and healthcare sectors.
What Is Driving The Growth In The Boron Market?
The considerable expansion in global agriculture is largely driving the growth of the boron market. As a vital micronutrient, boron bolsters processes like cell development, pollination, and fruit formation in plants and is typically administered through boron-containing fertilizers to mitigate soil deficiencies. As per the Organization for Economic Co-operation and Development, global agricultural productivity must increase by 28% in the forthcoming decade to accomplish the zero-hunger target. Furthermore, worldwide crop production is anticipated to rise by 87% by 2030. Given these scenarios, the ever-expanding agriculture sector is primarily boosting the boron market's growth.
If you want to explore this dynamic sector more extensively, click here to request a free sample copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=6815&type=smp
Who Are the Key Players Driving Boron Market Growth?
The Boron market's key contributors encompass:
• Rio Tinto Group
• 3M Company
• Borusan Holding A.S.
• 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 Isletmeleri Genel Müdürlügü
• 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.
What Are The Key Trends In The Boron Market?
Principal trends steering the Boron market include:
• Increasing focus on Boron Neutron Capture Therapy (BNCT)
• Utilization of boron in the aerospace industry
• Boron-based flame retardants
• Application of boron in nuclear power activities
• Adoption of sustainable mining practices.
What Are The Segments Of The Global Boron Market?
There are substantial segments in the global Boron market:
1) By Type: Aerospace Composite Materials, Boronated Glasses, And Other Types of Boron
2) By Mining Type: Underground Mining, Surface Mining.
Which Region Leads The Boron Market?
The Middle East was the leading region in the Boron market in 2024. Nevertheless, the report also covers other crucial regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Africa.
To ensure immediate access to this report, pre-book it for swift delivery here: https://www.thebusinessresearchcompany.com/report/boron-global-market-report
What Is Covered In The Boron Market Global Market Report?
- Market Size Analysis: Analyze the Boron Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Boron Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Boron Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Boron Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Customize this report to meet your unique business requirements here: https://www.thebusinessresearchcompany.com/customise?id=6815&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Global Boron Market Predicted to Hit $11.82 Billion by 2029: Key Drivers and Trends here
News-ID: 3839550 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Boron
Boron-10 and Boron-11 Market Revenue, Insights, Overview, Outlook, Analysis | Va …
Boron-10 and Boron-11 Market
The element boron consists of two isotopes, boron-10 and boron-11. Boron-10 contains five protons and five neutrons, while boron-11 contains five protons and six neutrons.
The global Boron-10 and Boron-11 market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-29Y16377/Global_Boron_10_and_Boron_11_Market_Research_Report_2024
North American market for Boron-10 and Boron-11 is estimated…
Boron Minerals and Boron Chemicals Market To Stand Tall From 2016-2026
Boron Minerals and Boron Chemicals Market: Introduction
Boron is an indispensable element, mostly found in soil, water and rocks across the globe. The average soil boron concentration is in the range of 10 to 20 ppm, however most of the areas across the globe is boron deficient. High concentration of boron in soil has found in western part of the U.S. and area in between Mediterranean to Kazakhstan. The average sew…
Boron Market Growth Latest Report 2018 | Top Manufacturers Analysis – Boron Sp …
Adroit Market Research offers 2018 report on “Boron Market 2025” that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2025.
About the Boron Market:
One of the major factors driving the boron market growth is increasing demand for electronic products and rising penetration of fiberglass in markets predictably held by steel…
Boron Minerals and Boron Chemicals Market to Witness Exponential Growth by 2016 …
Boron Minerals and Boron Chemicals Market: Introduction
Boron is an indispensable element, mostly found in soil, water and rocks across the globe. The average soil boron concentration is in the range of 10 to 20 ppm, however most of the areas across the globe is boron deficient. High concentration of boron in soil has found in western part of the U.S. and area in between Mediterranean to Kazakhstan. The average sew…
China Boron Carbide Market Research Report 2017 : Dalian Jinma Boron Technology, …
This report studies Boron Carbide in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering
3M
JSC “Zaporozhabrasive”
Washington Mills
H.C. Starck
Dalian Jinma Boron Technology
Dunhua Zhengxing Abrasive
Mudanjiang Qianjin Boron Carbide
Zhengzhou Yincheng Technology
Songshan Special Materials
Mudanjiang Chenxi Boron Carbide
Songshan Boron Technology
Dalian Zhengxing Abrasive
Mudanjiang Hongda Boron Carbide
Market Segment by Regions (provinces), covering
South China
East China
Southwest China
Northeast China
North China
Central China
Northwest China
Split by product Type, with production,…
Boron Minerals and Boron Chemicals Market Estimated to Flourish by 2026
Boron is an indispensable element, mostly found in soil, water and rocks across the globe. The average soil boron concentration is in the range of 10 to 20 ppm, however most of the areas across the globe is boron deficient. High concentration of boron in soil has found in western part of the U.S. and area in between Mediterranean to Kazakhstan. The average sew water boron concentration is ranges from…
