Boron Market Expansion Continues, with Forecast Valuation of $11.82 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Boron Market Size Growth Forecast: What to Expect by 2025?
In recent years, the boron market has experienced notable expansion. The market, currently valued at $7.46 billion as of 2024, is projected to increase to $8 billion by 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. This growth throughout the historical period is primarily due to increased applications in sectors such as agriculture, glass and ceramics, consumer goods, electronics and semiconductors, as well as medical and healthcare.

How Will the Boron Market Size Evolve and Grow by 2029?
The boron industry is anticipated to witness substantial growth in the upcoming years, reaching $11.82 billion by 2029 at a compound annual growth rate (CAGR) of 10.3%. This growth for the projected period can be credited to the rising demand in agriculture, advancements in the field of glass and ceramics, the escalation in consumer product manufacturing and growth in the electronics sector, along with increasing healthcare uses. Key trends identified for the predicted period involve the emphasis on boron neutron capture therapy (BNCT), the application of boron in the aerospace sector, boron-centered flame retardants, the use of boron in nuclear power, and the progression towards sustainable mining practices.

View the full report here:
https://www.thebusinessresearchcompany.com/report/boron-global-market-report

What Drivers Are Propelling the Growth of Boron Market Forward?
The anticipated growth of the boron market is being fueled by the continuous expansion of the agricultural sector. This sector encompasses the economic activities related to the cultivation of land, crop production and animal husbandry. Boron is employed in this sector as an essential micronutrient, fostering processes such as cell growth, pollination and plant fruit formation. Boron-rich fertilizers are typically used to remedy soil deficiencies, thus promoting optimum plant growth, yield and quality. For example, the Organization for Economic Co-operation and Development, a French intergovernmental organization, stated in June 2022 that agricultural productivity will need to surge by 28% within the next decade to meet the zero-hunger goal. Additionally, it is projected that the global crop production will rise by 87% by the year 2030. Hence, the growing expansion of the agricultural sector is propelling the growth of the boron market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6815&type=smp

Which Emerging Trends Are Transforming the Boron Market in 2025?
The prevalent trend in the Boron market is the extensive use of 3D printed modular components in the mining industry. This technology allows companies in isolated places to create vital parts onsite, based on necessity, thus cutting down on delays associated with unexpected maintenance. This also obviates the necessity to maintain inventories.

What Are the Key Segments in the Boron Market?
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

Subsegments:
1) By Aerospace Composite Materials: Boron Fiber Reinforcements, Boron-Based Matrix Composites
2) By Boronated Glasses: Borosilicate Glass, Boron Glass Fiber
3) By Other Types: Boron Carbide, Boron Nitride, Boron-Based Chemicals

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6815&type=smp

Who Are the Key Players Shaping the Boron Market's Competitive Landscape?
Major companies operating in the boron market include 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.

What Geographic Markets Are Powering Growth in the Boron Market?
Middle East was the largest region in the boron market in 2024. The regions covered in the boron market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6815

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: mailto: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.