Boron Minerals And Boron Chemicals Market: Introduction
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.
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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
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Boron Minerals And Boron Chemicals Market: Dynamics
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.
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Boron Minerals And Boron Chemicals Market: Segmentation
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Boron Minerals And Boron Chemicals Market: Regional Outlook
After economic down turn in Europe and North America, construction industry is recovering slowly and it is expected that boron minerals and boron chemicals market will grow with a growth of construction industry in this region. However consumption of boron minerals and boron chemicals in APAC has been significantly increased in last five years and it is expected that it will grow linearly, owing to infrastructure development in India and China. Turkey and U.S. are collectively accounted for the largest production of boron and its compounds and global boron minerals and boron chemicals market is dominated by this geographies. Growing end-use industries such as automobile, electronics, chemicals and construction in APAC will drive the consumption of fiberglass significantly.
Boron Minerals And Boron Chemicals Market: Key Players
Some of the key players in the global boron minerals and boron chemicals market are as follow as;
- Eti Maden
- Rio Tinto Group
- American Borate Company
- Boron Specialist LLC
- Gremont Chemicals Co. Ltd.
- Searles Valley Minerals Inc.
- Orocobre Limited
- Rose Mill Co.
- The Chemical Company
- Mitsui Chemicals, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments and geographies.
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