According to the recent study the Boron Market is projected to reach an estimated $3 billion by 2030 at a CAGR of 5.4% from 2023 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 micro4nutrient 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).
Lucintel forecasts that
glass will remain the largest segment, and it is also expected to witness the
highest growth over the forecast period. 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.
Building and
construction will remain the largest end use industry by value and volume due
to increasing demand for glass wool insulation and ceramic tiles in residential
and commercial buildings. Pharmaceutical is expected to witness the highest
growth during the forecast period due to the growing preference for
borosilicate glass in the pharmaceutical packaging industry.
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Boron Market
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
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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