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Published Date: 2014-11-26Number of Pages: 89

Boron Compounds (Borax, Boric Acid and Others) Market for Borosilicate Glass, Fiberglass, Agriculture, Ceramics, Detergents & Soaps and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Boron Compounds Market: Snapshot

The global market for boron compounds is growing at a substantial pace. The expansion of the application base and the easy availability of products are anticipated to offer promising growth opportunities for the key players operating in the market across the globe. In addition, 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.

According to the research report, in 2013, the global market for boron compounds was worth US$1.98 bn and is estimated to reach a value of US$3.15 bn by the end of 2020. The market is likely to exhibit a healthy 6.90% CAGR between 2014 and 2020.

Development of Fiberglass Industry to Bolster Global Boron Compounds Market

A significant rise in the fiberglass industry is considered as one of the key factors .estimated to encourage the growth of the global boron compounds market in the next few years. In addition, the rising demand for boric acid from the ceramic tile industry is expected to accelerate the overall growth of the market in the coming years. On the flip side, the high regional concentration of boron ore reserves and the easy availability of substitutes are projected to curtail the growth of the market in the forecast period. Nonetheless, the expansion of the product portfolio and the increasing number of applications, including the thermoplastic and medical industry are estimated to benefit the market leaders and fuel the growth of the boron compounds market in the near future.

On the basis of product type, the global boron compounds market has been categorized into boric acid, borax, and others. The others segment has been further sub-categorized into sodium perborate and boron oxide. As per the study, the boric acid segment is likely to register a strong growth throughout the forecast period. Furthermore, the market has been divided on the basis of application into agriculture, fire retardant, ceramics, cellulosic insulation, borosilicate glass, fiberglass, and detergents and soaps.

Asia Pacific to Offer Promising Growth Opportunities in Coming Years

The global market for boron compounds has been categorized on the basis of geography into Latin America, North America, Asia Pacific, the Middle East and Africa, and Europe. In the last few years, Asia Pacific led the global boron compounds and is likely to remain dominant throughout the forecast period. According to the research study, this segment is estimated to register a healthy 6.0% CAGR between 2014 and 2020. The expansion of the application segment and the rising demand for boron compounds are anticipated to accelerate the growth of the Asia Pacific market in the next few years.

Furthermore, the boron compounds market in Europe and North America is likely to witness a moderate growth rate throughout the forecast period. The presence of leading players in these regions and the increasing focus on research and development activities are expected to accelerate the growth of these regions in the next few years. Some of the key players operating in the boron compounds market across the globe are Borax Morarji Limited (BML), Gujarat Boron Derivatives Private Limited, BASF SE, ESK Ceramics GmbH & Co. KG, Rio Tinto Group, Tomiyama Pure Chemical Industries, Searles Valley Minerals, AkzoNobel N.V., Boron Compounds Ltd, and Eti Maden. These 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.

Boron compounds are extremely valuable and versatile. They are used in a wide range of end-user industries. Boron compounds can be divided into three product segments: borax, boric acid and others. Applications of boron compounds range from borosilicate glass to usage in fiberglass, ceramics, agriculture and soaps & detergents. Growth in the fiberglass industry and increasing demand for boric acid from the ceramic tile industry is anticipated to boost the boron compounds market in the near future.
 
This study analyzes, estimates, and forecasts the global boron compounds market in terms of demand, based on volume (Kilo Tons) and revenue (US$ Mn) from 2014 to 2020. Market numbers given in the report describe the global demand for boron compounds, but not the production and supply. The boron compounds market report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
 
The boron compounds market report provides a detailed view of the boron compounds market by key products and applications. The report segments the market into key products:  borax, boric acid and others, which include sodium metaborate, sodium perborate, boric oxide and boron trifluoride. The report segments the market into key applications such as borosilicate glass, fiberglass, ceramics, agriculture, soaps & detergents and others including photography, tanning, and cellulose insulation. Moreover, the report segments the market based on key geographies including North America, Europe, Asia Pacific, and Rest of the World (RoW). It further provides the boron compounds market volume and revenue for each application segment in each region.
 
Based on the boron compounds application segment, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of the key players of boron compounds in the supply chain from raw material manufacturers to end-users. Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis. 
 
The report includes an overview of the market share of key companies in the global boron compounds market. Company market share has been derived on the basis of production by manufacturers of boron compounds. Key market participants profiled in the study include AkzoNobel N.V., BASF SE, Boron Compounds Ltd, Borax Morarji Ltd, Eti Maden, ESK Ceramics GmbH & Co. KG, Gujarat Boron Derivatives Private Limited, Mizushima Ferroalloy Co., Ltd, Russian Bor, Rio Tinto Group, Rose Mill Company, Searles Valley Minerals, Inc and Tomiyama Pure Chemical Industries. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, and recent developments.
 
Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities. 
 
Secondary research sources that are typically referred to include, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases and webcasts specific to the companies operating in the market. Secondary sources referred for boron compounds study include European Union (EU), Rocks & Minerals Magazine, United States Geological Survey (USGS), ICIS and company presentations.
The report segments the global boron compounds market as:
  • Boron Compounds Market - Product Segment Analysis
    • Borax
    • Boric Acid
    • Others (Including boron oxide, sodium perborate, etc.)
  • Boron Compounds Market - Application Analysis
    • Borosilicate Glass
    • Fiberglass
    • Agriculture
    • Ceramics
    • Detergents & Soaps
    • Others (Including fire retardant, cellulosic insulation, etc.)
  • Boron Compounds Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)


 
 
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