Elemental Boron Market Share Driven by Metallurgy and Aerospace Demand | Valuates Reports

Elemental Boron Market Size
In 2024, the global market size of Elemental Boron was estimated to be worth US$ 57.2 million and is forecast to reach approximately US$ 74.5 million by 2031 with a CAGR of 3.9% during the forecast period 2025-2031.

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The Elemental Boron Market is witnessing steady market growth, driven by expanding applications in metallurgy, automotive, aerospace, and advanced ceramics. Rising demand for high-purity boron in high-performance alloys, energy-efficient vehicles, and specialized industrial applications is contributing to the overall market size. Market trends include innovations in boron processing, increased adoption in lightweight and high-strength materials, and growing interest in boron-based nanomaterials, shaping the future market forecast.

By type, Amorphous Boron currently holds the largest market share due to its versatility and widespread industrial use. Crystalline Boron is experiencing rapid growth, particularly in high-end applications such as aerospace and defense, while both types collectively support diverse manufacturing and research requirements.

In terms of application, the metallurgy segment dominates the market, driven by the incorporation of boron into steel, aluminum, and other high-strength alloys. The aerospace and defense segment is growing at the fastest rate, fueled by demand for lightweight, durable, and heat-resistant materials. Automotive, ceramics, and other specialized applications further contribute to the market trends and expansion.

Key companies in the Elemental Boron Market include SB Boron, Pavezyum Kimya, Höganäs, Noah Technologies Corporation, Borman (Tronox), New Metals and Chemicals, YingKou Liaobin Fine Chemicals, Baoding Pengda New Material Technology, Dandong Chemical Engineering Institute (DCEI), and SkySpring Nanomaterials. These players maintain competitive market share through technological innovation, high-quality production, and strategic regional presence.

Regionally, Asia-Pacific leads production and consumption, particularly in China, Japan, and South Korea, driven by strong industrial manufacturing and technological adoption. North America and Europe hold significant shares due to advanced aerospace, automotive, and metallurgical industries. The market forecast points to continued growth, underpinned by rising industrial demand, innovation in boron-based materials, and expanding applications across high-performance sectors.

Segment by Type

• Amorphous Boron
• Crystalline Boron

Segment by Application

• Metallurgy
• Automotive
• Aerospace and Defense
• Ceramics
• Other

By Company

SB Boron, Pavezyum Kimya, Höganäs, Noah Technologies Corporation, Borman(Tronox), New Metals and Chemicals, YingKou Liaobin Fine Chemicals, Baoding Pengda New Material Technology, Dandong Chemical Engineering Institute (DCEI), SkySpring Nanomaterials

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