Boron Market is anticipated to reach US$ 2.78 Bn. by 2029 from US$ 2.07 Bn. in 2022 at a CAGR of 4.3 % during a forecast period.
Boron Market Overview
The report is a clear presentation of the past, current and future conditions of the global Boron market. The PORTER and PESTLE helps to understand Boron industry through different perspectives including economic, political, etc.
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Boron Market Report Scope and Research Methodology
The report covers the Boron Market most recent trends. It provides a Boron market overview, definition, and structure, along with preventative and pre-planned management. The major focus of the report is on factors that affect the Boron Market, such as gross margin, market share, cost, capacity utilization, demand and supply. The report provides the market size and share, which helps in understanding the industry and the estimates provided on upfront data and statistics makes the report a very valuable guide for individuals dealing with decision-making processes in the Boron market. The report includes the major market players in the global Boron market in terms of their size, market share, revenue, production volume, and profitability. The report includes growth strategies being used by market players, including strategic alliances, and new product innovation, and helps to understand competitor pricing in the Boron industry. SWOT analysis was used to present strengths, weaknesses, opportunities and threats in the Boron industry.
Boron Market Regional Insights
The report has been segmented into many key countries, including market size, CAGR, import and export of Boron market in the different countries mentioned in the report. The regions and their countries studied are: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC), South America (Brazil), Middle East and Africa.
Boron Market Segmentation
by Source
Mining
Salt Lake Source& Others
From Source, The boron source market is dominated by the mining industry. Around the world, the majority of borate deposits are extracted from open pits using backhoe machinery or a truck and shovel. The only underground mining company in the US is called Death Valley. During the projected period, the Boron Mining Segment is anticipated to reach approximately 1.89 billion.
by Application
Glass
Ceramic
Fertilizer
Detergent
Others
The market is segmented into glass, ceramic, fertilisers, detergent, and others based on application. The glass sector leads the boron market because to the extensive use of glass. The mechanical strength, heat resistance, insulation, chemical resistance, and water resistance of glass fibre are all attributed to boron. Glass makes up about half of the boron market due to its high consumption and widespread application in electronics and insulation.
by End-user Industry
Agriculture
Transportation
Building and Construction
Detergents
Healthcare
Electronics
Other End-use Industries
The market’s second-most significant application for boron is in fertilisers. Fertilisers, which account for 17% of global use, are a critical component of the agricultural sector. Plant reproduction requires boron. The process is driven by flowering, pollen production, germination, and fruit growth. A non-substitutional micronutrient called boron helps move sugar leaves to the root system and provides energy for plants.
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Boron Market Key Players
1. 3M Technical Ceramics
2. Borax Argentina S.A.
3. Boron Molecular
4. Dalian Jinma Boron Technology Group Co. Ltd.
5. Eti Maden
6. Manufacturas Los and es
7. Minera Santa Rita
8. Quiborax
9. Rio Tinto
10. Searles Valley Minerals
11. Dalian Jinma Boron Technology Group Co. Ltd.
12. SB Boron
13. Ceradyne, Inc.
14. Boron Specialities LLC.
15. Mudanjiang Jingangzuan Boron Carbide
16. Manufacturas Los Andes
Key Questions answered in the Boron Market Report are:
- What are the factors driving the Boron market growth?
- What are the factors restraining the Boron market growth?
- What is the expected Boron market size by the end of the forecast period?
- Who are the Boron key players in the industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Boron market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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