Global Zinc Borate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Zinc Borate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Zinc borate is an inorganic compound, a borate of zinc. It is a white crystalline or amorphous powder insoluble in water. Its toxicity is low. Its melting point is 980 °C.
Zinc borate has the characteristics of non-toxicity, low water solubility, high thermal stability, small particle size, small specific gravity, and good dispersibility. It is often used as a highefficiency flame retardant and is widely used in plastics, rubber, coatings and other fields.

Market Overview:

The latest research study on the global Zinc Borate market finds that the global Zinc Borate market reached a value of USD 207.55 million in 2022. It’s expected that the market will achieve USD 304.27 million by 2028, exhibiting a CAGR of 6.58% during the forecast period.

Zinc Borate Market Challenges

Boron flame retardant is one of the earliest flame retardants used, and it is also an important inorganic flame retardant. It is characterized by good thermal stability, low toxicity and smoke elimination. The effect of compounding with other flame retardants is good. After zinc borate is added, the burning smoke concentration of the material is obviously reduced. The compounding effect of antimony trioxide with halogen-containing flame retardants is obvious. It is widely used in PVC cables, PE, EVA, PET, PBT, nylon, unsaturated polyester, epoxy resin, polyimide and various fireproof coatings. In recent years, the new energy automobile industry has developed rapidly, and new energy automobiles generally pay attention to the concept of environmental protection. As a green and environmentally friendly flame retardant, products with zinc borate added are a good choice for car manufacturers. This is a great opportunity for the development of the zinc borate market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

U.S. Borax is one of the major players operating in the Zinc Borate market, holding a share of 19.95% in 2021.

U.S. Borax is a global leader in the supply of industrial minerals and science. U.S. Borax provides approximately 30% of the world's refined borate supply. There are more than 30 industrial, agricultural and specialty products sold under the iconic 20 Mule Team ® Borax brand, which is well-known for its quality and American Old West heritage.

U.S. Borax, part of Rio Tinto, is a global leader in the supply and science of borates—naturally-occurring minerals containing boron and other elements. We are 1,000 people serving 500 customers with more than 1,700 delivery locations globally.

Lanxess is a leading specialty chemicals company based in Cologne. Lanxess is a well-known company in the global market. The main expertise lies in the production, development and marketing of chemical intermediates, additives, specialty chemicals and plastics. Lanxess manages our operations through four departments: advanced intermediates, specialty additives, consumer protection and engineered materials. This includes 11 business units through which Lanxess cooperates with a wide range of applications and markets.

Segmentation Overview:

Among different product types, 2ZnO·3 B2O3·3.5H2O segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Flame Retardant segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Zinc Borate market covered in Chapter 3:

Societa Chimica Larderello (SCL)
Zhejiang Xusen
Shandong Chenxu New Material
U.S. Borax
Jinan Enter Chemical
Sakai Chemical Industry
Lanxess
C Tech Corporation
Royce Global
Tuen Mining New Materials
Wallace FR
Shandong Taixing Advanced Material 
Shandong Wuwei Flame Retardant
Shandong Bio Industry

In Chapter 4 and Chapter 14.2, on the basis of types, the Zinc Borate market from 2018 to 2029 is primarily split into:

2ZnO·3B2O3·3.5H2O
2ZnO·3B2O3
4ZnO·B2O3·H2O
4ZnO·6B2O3·7H2O
2ZnO·2B2O3·3H2O

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Zinc Borate market from 2018 to 2029 covers:

Flame Retardant
Compound Formulation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)