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Calcium borate is obtained from colemanite and ulexite ores. On a commercial scale, it is manufactured by reacting calcium salts with boric acid. It is a bluish white crystal and is used as a fertilizer, flame retardant and as ceramic flux. Ceramics including glass use calcium borate as an important raw material. Turkey and the U.S. have the largest reserves of colemanite and ulexite ores. These countries refine and sell calcium borate to other parts of the world. Additionally, Chile, in South America has considerable reserves of calcium borate ore. Calcium borate also finds application in textile glass fiber reinforcement. Textile glass fibers are high strength fibers composed of glass which are used in home furnishing fabrics, tires and reinforced plastics.

The rising demand for flame retardants and ceramics from the building & construction industry has been propelling the calcium borate market. Flame retardants reduce the risk of a fire starting and its propagation. This function increases the time duration available for escaping from a site of fire. Moreover, the use of calcium borate to manufacture ceramic flux for the production of ceramics has been responsible for the large scale consumption of calcium borate. The use of calcium borate fertilizers is wide-spread in agricultural farmlands. These fertilizers are in the form of liquid foliar spray and are applied by using controlled release mechanism. The growing need of increasing per hectare yield of crops from farmlands has been boosting the growth of calcium borate market. The growing GDP of emerging economies such as the BRICS nations is anticipated to open new opportunities for calcium borate market, in the coming years.

Based on applications, calcium borate market can be divided into four major segments: flame retardants, ceramic flux & glazes, fertilizer and reinforced glass fiber. The calcium borate market is expected to show phenomenal growth over the next six years primarily due to the growth of the construction industry coupled with the growing demand from the Latin America and Asia Pacific region. Moreover, the growing safety regulations with respect to fire have increased the demand for this chemical. The thriving, building & construction industry and agricultural farmlands of Latin America, China and India are the dominant consumers of calcium borate.  The automobile industry in China is projected to show a large scale demand for calcium borate owing to its use in reinforced glass fibers employed in high performance rubber tires. These regions are expected to show an exponential growth in demand for calcium borate, during the forecast period. U.S. and Western Europe are anticipated to exhibit moderate demand for calcium borate for flame retardants and glass fiber applications. The increasing number of governmental regulations in these regions to incorporate flame retardant additives for consumer safety has been a key factor propelling the growth of this market in the U.S and Western Europe. Calcium borate is used as a petrochemical additive, owing to which, the Middle-Eastern countries have been moderate users of calcium borate for this application.

Some of the major companies manufacturing calcium borate are Chemtura, Akzonobel N.V, Albemarle Corporation, Clariant AG, BASF SE, Bayer Material Science, Corporation, E.I. Du Pont De Nemours and Company, Hainan Zhongxin Chemical Co., Ltd, Lanxess, Oceanchem Group Limited, Novista Chemicals, Shandong Shouguang Shen Runfa Ocean Chemical Co., Ltd, Weifang Graceland Chemicals Co. Ltd and Qingdao On-Billion Industrial Co., Ltd among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Calcium Borate Market

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