According to the recent study the Boron Market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023, at a CAGR of 5.3% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for glass and ceramics in the building and construction industry, growth in the pharmaceutical packaging market, and the growing consumption of micronutrient fertilizers.
Browse 144 figures/charts and 129 tables in this 200-page report to understand trends,
opportunities and forecast in boron market by source (mine source and salt lake
source & others), application (glass, ceramic, fertilizer, detergent, and
others), end use industry (building and construction, electronics,
pharmaceutical, consumer products, agriculture, and others), and by region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Glass market is expected to remain the largest segment during the
forecast period.”
Based on application,
the boron market is segmented into glass, ceramic, fertilizer, detergent, and
others. Lucintel forecasts that the glass market is expected to remain the
largest segment due to stringent government regulations for energy efficiency
and reduction in carbon emission is driving the demand for glass wool and
E-glass (fiberglass) in various end use industries.
“Within the boron market, the building and construction segment is
expected to remain the largest end use industry.”
Based on end use
industry the building and construction segment is expected to witness the
highest growth over the forecast period due to increasing demand for glass wool
insulation and ceramic tiles in residential and commercial buildings.
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Boron Market
“Asia pacific will dominate the boron market in near future.”
APAC is projected to
remain the largest region, and it is also expected to witness the highest
growth over the forecast period due to growth in building and construction
activities and increasing healthcare expenditure.
Eti Maden, Rio Tinto,
Rose Mill Co., Searles Valley Minerals, Minera Santa Rita, Borax Argentina, QUIBORAX,
Russian Bor are among the major boron providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
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unmet needs analysis. We are based in
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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