According to a market report by Lucintel, the future of the global boron market looks promising with opportunities in the glass, borosilicate glass, fiberglass (e-glass), glass wool, ceramic, fertilizer, and detergent markets. The global boron market is expected to reach an estimated $3,260 million by 2035 with a CAGR of 4.5% from 2026 to 2035. The major drivers for this market are the rising use of boron in agricultural fertilizers for crop yield, the increasing demand for boron in electric vehicle battery technologies, and the growing use in detergents & cleaning products industry.
A more
than 150-page report to understand trends, opportunity and forecast in boron
market to 2035 by source type (mining and salt lake source & others),
application (glass, borosilicate glass, fiberglass (E-glass), glass wool,
ceramics, fertilizer, detergent, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the source type category, salt lake source is expected
to witness higher growth over the forecast period due to the increasing availability
of high quality boron mineral reserves.
Within the
application category, glass is expected to witness the highest growth due to
the rising demand for borosilicate glass manufacturing applications.
Download
sample by clicking on boron market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period due to the expanding industrial production and glass manufacturing
capacity.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Eti Maden,
Rio Tinto, Rose Mill Co., Searles Valley Minerals, Minera Santa Rita, Borax
Argentina, QUIBORAX are the major suppliers in the boron market.
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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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. +1-972-636-5056
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