Global Boron Market Growth 2023-2029

Global Boron Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Boron Industry Forecast” looks at past sales and reviews total world Boron sales in 2022, providing a comprehensive analysis by region and market sector of projected Boron sales for 2023 through 2029. With Boron sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Boron industry.

This Insight Report provides a comprehensive analysis of the global Boron landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Boron portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Boron market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Boron and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Boron.

The global Boron market size is projected to grow from US$ 2418.4 million in 2022 to US$ 3214.6 million in 2029; it is expected to grow at a CAGR of 3214.6 from 2023 to 2029.

Turkey is the largest producer of Boron, with a market share about 45%. It was followed by North America with 30%. Etimine, Rio Tinto and Searles Valley Minerals are the top 3 manufacturers of industry, and they had about 75% combined market share.

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.

Market Segmentation:

Segmentation by type

Salt Lake Source

Mine Source

Segmentation by application

Glass

Ceramics

Agriculture

Detergents

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Eti Maden

Rio Tinto

Searles Valley Minerals

Minera Santa Rita

Borax Argentina

Quiborax

Key Questions Addressed in this Report

What is the 10-year outlook for the global Boron market?

What factors are driving Boron market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Boron market opportunities vary by end market size?

How does Boron break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.