Transparency Market Research

Research Reports Boron Compound Market to Reach US $3.15 Billion by 2020 Owing to Rising Demand for Boric Acid

Transparency Market Research has published a new report "Boron Compounds Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its report store.


Albany, NY -- (SBWIRE) -- 07/20/2015 -- Transparency Market Research has recently released a market study on the global boron compounds market, in which the market, which stood at US$1.98 billion in 2013, has been estimated to develop at a CAGR of 6.9% during the period from 2014 to 2020 and reach US$3.15 billion by the end of the forecast period.The study, titled "Boron Compounds Market , states that the production volume of boron compounds was 1,759 kilo tons in 2013.Further, it determines that the rise in demand for boric acid, an oxidation product of boron, from the ceramic tile industry is the key factor driving the global market for boron compounds. In addition to this, the increasing application of boric acid in fiberglass is poised to fuel the market, globally, over the forecast period.

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The report also discusses the challenges faced by the worldwide boron compound market. Abundant availability of alternatives is one of the major issues that the global market face. Apart from this, boron ore reserves have limited availability and are concentrated in certain regions, which makes it difficult for companies in other regions to operate effectively.The boron compounds market is evaluated on the basis of products, applications, and regional markets in this market study to offer a comprehensive picture of the overall industry.

Boric acid, borax, and other boron compounds such as sodium metaborate, boron oxide, sodium perborate, and boron trifluoride are the key components of the boron compounds product market. Among these, the market for boric acid is likely to report the fastest growth over the forecast period, owing to its increasing application in borosilicate glass and fiberglass. In 2013, the markets for other boron compounds such as sodium metaborate, boron oxide, sodium perborate, and boron trifluoride collectively occupied a 19.1% share of the overall market.Based on application, the markets for fiberglass, borosilicate glass, agriculture, soaps and detergents, ceramics, and others are the major segments of the boron compounds market. In 2013, the fiberglass market held over 31% of the overall boron compounds market, occupying the leading position; it was followed by the borosilicate glass market.

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The soaring demand from the borosilicate glass market owing to the remarkable performance of boron compounds at high temperatures is the key factor driving the borosilicate glass market. However, high consumption of boron compounds in the fiberglass market is the prime factor stimulating the global market for boron compounds.The boron compounds market in Asia Pacific led the overall market with a majority share in 2013. Analysts have estimated the market to generate the highest revenue and report the fastest growth at a CAGR of approx. 6% over the forecast period. The boron compounds markets in Europe and North America are projected to exhibit moderate growth during the same timeframe.The report also presents an assessment of key players in the global boron compounds market considering their business value, product base, trade strategies, and future projects. AkzoNobel, Boron Compounds Ltd., BASF, Borax Morarji Ltd., ESK Ceramics, and Eti Maden are some of the major companies operating in this market.

The major segments of the global boron compounds market are:

By Product Type

Boric Acid
Others (Including boron oxide, sodium perborate, etc.)

By Application

Borosilicate Glass
Detergents & Soaps
Others (Including fire retardant, cellulosic insulation, etc.)

By Region

North America
Asia Pacific
Rest of the World (RoW)

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