The global boron market is experiencing growth due to increase
in demand for boron nitride nanotubes (BNNTs), which are gaining
significant attention in high-tech applications due to their unique
properties. BNNTs can withstand extremely high temperatures, up to
about 900°C in air and even higher in inert environments. This
makes them ideal for applications requiring high thermal
resistance.
WILMINGTON, Del., Aug. 1, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Boron
Market by End-Use Industry (Automotive and
Transportation, Building and Construction, Healthcare,
Semiconductor, and Others): Global Opportunity Analysis and
Industry Forecast, 2024-2033". The global boron market size was
valued at $10.5 billion in 2023 and
is projected to reach $15.3 billion
by 2033, growing at a CAGR of 3.9% from 2024 to 2033.
Prime determinants of growth
The global boron market is experiencing growth due to rise in
demand for higher agricultural productivity. However, high
extraction and processing of boron is expected to hinder the growth
of the boron market. Moreover, development of advanced materials
from boron is expected to offer remunerative opportunities for the
expansion of the market.
Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A53532
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$10.5
billion
|
Market Size in
2033
|
$15.3
billion
|
CAGR
|
3.9 %
|
No. of Pages in
Report
|
267
|
Segments
Covered
|
End-Use Industry and
Region
|
Region
Covered
|
North America, Europe,
Asia-Pacific, LAMEA
|
Drivers
|
Surge in use of boron
in agriculture
Increase in demand for
boron in lightweight materials
|
Opportunities
|
Increase in demand for
boron in advanced ceramics and glass manufacturing
|
Restraint
|
Environmental impacts
of boron in mining and processing
|
The building and construction segment is expected to remain
dominant during the forecast period
Boron market plays a significant role in the
building and construction industry. One of its primary uses is in
the production of fiberglass insulation, where boron compounds such
as boric acid and borax are added to the glass fibers. This
enhances the thermal and acoustic insulation properties, making
buildings more energy-efficient and reducing noise pollution. In
addition, the inclusion of boron improves the fire resistance of
fiberglass insulation, contributing to safer building
environments.
Asia-Pacific to maintain its
dominance by 2033
Boron, a versatile element, finds extensive applications across
various industries in Asia-Pacific
countries, contributing significantly to their economic and
technological advancements. The primary use of boron is in the
production of borosilicate glass, widely used in the manufacture of
laboratory glassware, cookware, and high-strength glass for
electronic devices and displays. Countries such as China and Japan, with their booming electronics and
consumer goods sectors, are significant consumers of borosilicate
glass, driving demand for boron.
Procure Complete Report (267 Pages PDF with Insights, Charts,
Tables, and Figures) @
https://www.alliedmarketresearch.com/checkout-final/boron-market
In agriculture, boron is essential as a micronutrient in
fertilizers, improving crop yield and quality. Countries such as
India, Indonesia, and Vietnam, where agriculture plays a crucial
role in the economy, utilize boron-enriched fertilizers to enhance
soil fertility and crop productivity. Rise in focus on sustainable
agricultural practices and food security in these nations has
amplified the demand for boron-based agricultural products.
Players: -
- SB Boron Corporation
- Eti Maden
- Rio Tinto
- 3M
- Gujarat Boron Derivatives Pvt. Ltd.
- Quiborax
- Boron Molecular
- DuPont
- Lenntech B.V.
- Arihant Chemical Industries
Want to Access the Statistical Data and Graphs, Key Players'
Strategies:
https://www.alliedmarketresearch.com/boron-market/purchase-options
The report provides a detailed analysis of these key players in
the global boron market. These players have adopted different
strategies such as new product launches, collaborations, expansion,
joint ventures, agreements, and others to increase their market
share and maintain dominant shares in different regions. The report
is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Similar Reports:
- Boric Acid Market: Global Opportunity Analysis and Industry
Forecast, 2023–2032
- Bio-Renewable Chemicals Market: Global Opportunity Analysis
and Industry Forecast, 2021–2031
- Specialty Chemicals Market: Global Opportunity Analysis and
Industry Forecast, 2023-2032
- Oleochemicals Market: Global Opportunity Analysis and
Industry Forecast, 2023–2032
- Industrial Gloves Market: Global Opportunity Analysis and
Industry Forecast, 2023–2032
About Us
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients to
make strategic business decisions and achieve sustainable growth in
their respective market domain.
Pawan Kumar, the CEO of Allied
Market Research, is leading the organization toward providing
high-quality data and insights. We are in professional corporate
relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables
and confirms utmost accuracy in our market forecasting. Each and
every data presented in the reports published by us is extracted
through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the
industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn |
YouTube |
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/boron-market-to-reach-15-3-billion-globally-by-2033-at-3-9-cagr-allied-market-research-302212455.html