The global boron market is primarily driven by the surging demand from the building and construction industry:2024

Boron, as a raw material, is used by major industries such as agriculture, glass, building and construction, detergents, ceramics, and pharmaceuticals. In day-to-day products, boron finds application as composites used in car body panels, in LCD screens, in insulation grade materials and in glass wool for loft insulation, and in other products in the form of ferro boron, borosilicate glass, and fiberglass.

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The research report studies the global boron market, focusing on the elements, structure, dynamics, and scope of the worldwide market and highlighting the major forces responsible for the growth pattern of the market. Backed by thorough research, inputs from industry experts, and recommendations for improved performance, the research report offers a 360-degree perspective of the boron market.

The report makes use of the latest market intelligence tools such as SWOT Analysis, Porter’s Five Forces Analysis, value chain assessment, and market attractiveness to lend a qualitative as well as quantitative evaluation of the global boron market.

Overview of the Boron Market

The global boron market is primarily driven by the surging demand from the building and construction industry. Expanding population base across the globe, improving living standards, and rise in disposable income has contributed to this demand, boosting the boron market. Fiberglass is the largest application segment of the boron market, mainly owing to its growing demand from the construction sector after consistent efforts from the government in the form of initiatives to curb energy consumption. Boron-based insulation fiberglass aids in the reduction in the amount of energy consumed, making it ideal for the construction of civil structures such as roads and bridges. Technological advances have not only improved the properties of boron-based materials but also widened its application area, thereby fueling the growth of the overall market.

However, low abundance of boron, multifaceted manufacturing processes, and extremely concentrated reserves are major challenges that the global market faces.

China is the largest market for boron in the world in terms of consumption. In terms of production, Turkey is the global leader of boron and its derivatives. China being the center of construction activities and biggest producer of textile grade material, boron-concentrated markets of the U.S. and Turkey are focusing their attention on China to further their growth. Europe, on the other hand, will continue to witness slow growth owing to high production cost.

Companies Mentioned in the Report

Some of the noteworthy companies operating in the global boron market are Quiborax, ETI mines, 3M, Dalian Jinma Boron Technology Group Co. Ltd., Rio Tinto, SB Boron, Boron Molecular, Ceradyne, Inc., Boron Specialities LLC., Mudanjiang Jingangzuan Boron Carbide, and Manufacturas Los Andes. The research report profiles these companies on the basis of attributes such as company and financial overview, business strategies, recent development, product portfolio, and SWOT analysis.

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Major geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World

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