Global Boron Minerals and Boron Chemicals Market Outlook 2022

Boron is an indispensable element, mostly found in soil, water and rocks across the globe. The average soil boron concentration is in the range of 10 to 20 ppm, however most of the areas across the globe is boron deficient. High concentration of boron in soil has found in western part of the U.S. and area in between Mediterranean to Kazakhstan. The average sew water boron concentration is ranges from 0.5 to 9.0 ppm, while fresh water has very low boron concentration. Highly concentrated and economically feasible boron sources are generally found in the in arid areas with a history of volcanism or hydrothermal activities such as Turkey and United States. Open-pit mining method is used to mine large deposits of high grade beds of crude borax at the Kramer deposit in California and the Kirka deposit in Ankara, Turkey.
Glass and ceramic and chemicals are two industries which accounts for major consumption of boron minerals and its compounds. Recovering construction industry especially after financial downturn in North America and Western Europe is expected to drive demand for boron composite fiberglass. Agriculture is an essential need of a community and agriculture industry is expected to grow linear with growth in population. Growing demand for reinforced materials especially in Asia Pacific will drive the consumption of boron compounds. Value added application of boron compounds in alloy and metal industry is expected to drive overall consumption of boron minerals and its compounds at steady rate. However growing regulations over use of boron in personal care products may restrain the consumption of boron and its compounds.

Market Analysis and Insights: Global Boron Minerals and Boron Chemicals Market
The global Boron Minerals and Boron Chemicals market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Boron Minerals and Boron Chemicals Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Boron Minerals and Boron Chemicals Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Boron Minerals
Boron Chemicals

Segment by Application
Glass and Ceramics
Detergents and Bleaches
Alloy and Metals
Fire Retardants
Agrochemicals
Adhesive
Other

By Company
Eti Maden
Rio Tinto Group
American Borate Company
Boron Specialist
Gremont Chemicals
Searles Valley Minerals
Orocobre
Rose Mill
Mitsui Chemicals

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E