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Global Boron Market Growth 2019-2024
SKU ID : LPI-13801952 | Publishing Date : 31-Jan-2019 | No. of pages : 137
Boron was named for the mineral borax, thought to come from the Persian name burah for that mineral. Boron minerals, mainly borax, were traded over a thousand years ago, when sheep, camel and yak caravans brought borax from desert salt beds in Persia and Tibet to India and the Arab countries. There it was used mainly in making glass.
The major ores of boron are a small number of borate (boron oxide) minerals, including ulexite (NaCaB5O9.8H2O), borax (Na2B4O5(OH)4.8H2O), colemanite (Ca2B6O11.5H2O) and kernite (Na2B4O6(OH)2.3H2O). These minerals form when boron-bearing waters percolate into inland desert lakes and evaporate, leaving layers of borates, chlorides, and sulfates. These minerals are referred to as evaporite minerals. Very large deposits of evaporite boron minerals are found in the United States (especially California), Turkey, Chile and Argentina. Less-important deposits occur in Iran (formerly called Persia), and elsewhere.
Boron is widely used in glass industry, ceramics industry, agriculture industry, detergents industry as well as other industry. Among those applications, demand from the glass industry is the largest. In 2017, about 48.58% boron went into the glass industry, while ceramic industry held 19.18% consumption globally.
Global demand of boron increased to 1992 K MT in 2017 from 1706 K MT in 2012. Turkey and USA contributes about 75% output globally. When considering the consumption, North America and Asia become the key consumers. In 2017, the two regions consumed 77.99% boron totally.
According to this study, over the next five years the Boron market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 2640 million by 2024, from US$ 2040 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Boron business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Boron market by product type, application, key manufacturers and key regions and countries.
This study considers the Boron value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Salt Lake Source
Mine Source
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Glass
Ceramics
Agriculture
Detergents
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Eti Maden
Rio Tinto
Searles Valley Minerals
Minera Santa Rita
Borax Argentina
Quiborax
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Boron consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Boron market by identifying its various subsegments.
Focuses on the key global Boron manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Boron with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Boron submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The major ores of boron are a small number of borate (boron oxide) minerals, including ulexite (NaCaB5O9.8H2O), borax (Na2B4O5(OH)4.8H2O), colemanite (Ca2B6O11.5H2O) and kernite (Na2B4O6(OH)2.3H2O). These minerals form when boron-bearing waters percolate into inland desert lakes and evaporate, leaving layers of borates, chlorides, and sulfates. These minerals are referred to as evaporite minerals. Very large deposits of evaporite boron minerals are found in the United States (especially California), Turkey, Chile and Argentina. Less-important deposits occur in Iran (formerly called Persia), and elsewhere.
Boron is widely used in glass industry, ceramics industry, agriculture industry, detergents industry as well as other industry. Among those applications, demand from the glass industry is the largest. In 2017, about 48.58% boron went into the glass industry, while ceramic industry held 19.18% consumption globally.
Global demand of boron increased to 1992 K MT in 2017 from 1706 K MT in 2012. Turkey and USA contributes about 75% output globally. When considering the consumption, North America and Asia become the key consumers. In 2017, the two regions consumed 77.99% boron totally.
According to this study, over the next five years the Boron market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 2640 million by 2024, from US$ 2040 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Boron business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Boron market by product type, application, key manufacturers and key regions and countries.
This study considers the Boron value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Salt Lake Source
Mine Source
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Glass
Ceramics
Agriculture
Detergents
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Eti Maden
Rio Tinto
Searles Valley Minerals
Minera Santa Rita
Borax Argentina
Quiborax
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Boron consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Boron market by identifying its various subsegments.
Focuses on the key global Boron manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Boron with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Boron submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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