Industry Background:
Boron is basically a mineral that is found in food and the environment. Boron compounds include all chemical compounds including the element boron. The market of boron compounds is growing due to the factors like its end use in the industry like ceramic and fiberglass. While some of the factors like availability of substitutes is hindering the market along with limited availability of boron ore which is too putting the market in backward direction.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Boron Compounds, Ltd (Israel), Rio Tinto Group (United States), Borax Morarji (India), Tomiyama Pure Chemical Industries (Japan), Russian Bor (Russia), Eti Maden (Turkey), ESK Ceramics GmbH & Co. KG (Germany), Gujarat Boron Derivatives (India) and Mizushima Ferroalloy (Japan) |
This growth is primarily driven by Growth in the application like fiberglass Industry is set to drive the market of boron compounds, along with this there is increasing demand for boric acid from ceramic tile industry which is also helping in market growth.
Globally, a noticeable market trend is evident Potential applications in medical and thermoplastic industry Major Vendors, such as BASF (Germany), Boron Compounds, Ltd (Israel), Rio Tinto Group (United States), Borax Morarji (India), Tomiyama Pure Chemical Industries (Japan), Russian Bor (Russia), Eti Maden (Turkey), ESK Ceramics GmbH & Co. KG (Germany), Gujarat Boron Derivatives (India) and Mizushima Ferroalloy (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Potential applications in medical and thermoplastic industry
Market Growth Drivers:
Growth in the application like fiberglass Industry is set to drive the market of boron compounds, along with this there is increasing demand for boric acid from ceramic tile industry which is also helping in market growth
Challenges:
Limited availability of boron ore, concentrated only in a few regions around the world
Restraints:
Abundant availability of close substitutes
Opportunities:
Easy availability of products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Boron Compounds Market
- Analysis about New Entrants in Boron Compounds Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Boron Compounds Study Sheds Light on
The Boron Compounds Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Boron Compounds industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Boron Compounds industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.