Ultimate Guide to Boron Markets

Dec 20, 2022 | RESEARCH, MINING

Guide to Boron Markets: Overview

This compilation of research  reports and sources is a guide to Boron Markets presenting forecasts based on estimations from several sources. Market forecasts are highlighted in HotCopper threads. We are grateful to ETcopper for allowing this to be shared to the Boron research community.

Global Boron Market Forecast

Boron market

Attribution

Market forecasts below are highlighted in Hot Copper threads by ETcopper

1. Global Boron Mining Market

Summary:

The Global Boron Market report highlights that the global boron mining market is anticipated to rise significantly in the coming years due to growing demand for boron-based products, increasing technologies, and developing markets. 

The boron mining market is the boron sales by units (organizations, sole proprietorships, and partnerships), including aerospace composites, boronated glasses, and other forms of boron. Underground mining and surface mining are two different types of mining.

The boron mining report covers the regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, with the Middle East being the leading region in the boron mining market.

Reference Article Links

The Business Research Company published the Global Boron Mining Market report on Research and Markets in September 2022, describing the aspects of the boron mining market growth. 

2. Boric Acid Market

Summary:

Rising demands from FMCG, agriculture, pharmaceutical, construction, cosmetics, and renewable energy industries drive the global boric acid market growth. Boric acid is also a key component in antiseptics and pesticides. 

While Asia Pacific has the highest market share of boric acid due to increased industrialization and urbanization, countries like India, China, the U.S., Canada, and other Asian countries also contribute to boric acid market growth.

Reference Article Links

The Future Market Insights published the Global Boron Acid Market report in October 2022, describing the aspects of the boric acid market growth. 

3. Sodium Tetraborate Market (Borax)

Summary:

Because of its applications in fiberglass and borosilicate glass, the global market for borax is expected to grow. The United States has historically dominated the market, but China, Canada, Japan, and Germany are also significant players.

The United States, China, Japan, Canada, Europe, Australia, India, South Korea, and Latin America will lead the global Ceramics segment.

Reference Article Links

The Global Industry Analysts published the Global Sodium Tetraborate Acid Market report on Research and Markets in April 2021, describing the aspects of the borax market growth. 

4. Boron Fertilizers Market

Summary:

The global market for boron fertilizers is divided into five major regions: Asia-Pacific (APAC), Europe, North America, South and Central America (SCAM), and the Middle East and Africa (MEA). All these regions dominated the global boron fertilizers market due to the higher production of fruits and vegetables and are predicted to be the same throughout 2021-2028.

Eti Maden, Quimical Tierra, Quiborax, Rose Mill Co., Minera Santa Rita S.R.L., Valagro S.P.A., ORO AGRI Europe, MCC Russian Bor, The Mosaic Company, and Yara are some of the prominent key companies that operate the global boron fertilizers market.

Reference Article Links

Insight Partners published the Global Boron Fertilizers Market report on Research and Markets in May 2021, describing the aspects of the boron fertilizers market growth. 

5. Neodymium-Iron-Boron Magnet Market

Summary:

The global market for neodymium-iron-boron will experience significant growth due to its applications in various industries. It is used in wind and solar energies, robotics, power wheels, sensors, motions, and magnetic resonance imaging devices. It is the permanent magnet type with maximum magnetic properties and is used in metal separators to separate iron powder from oil resources. 

Reference Article Links

The Global Industry Trends published the Neodymium-Iron-Boron Magnet Market report on Globe Newswire in October 2022, describing the aspects of the Neodymium-Iron-Boron Magnet Market growth. 

6. Pyrolytic Boron Nitride Market

Summary:

The global Pyrolytic Boron Nitride market is anticipated to expand due to increased demand for producing OLED displays, crucibles, wafers, plates, boats, and other products. PBNs have excellent mechanical strength, thermal stability, chemical resistance, and high purity.

Countries like India and Southeast Asia highly demand Pyrolytic Boron Nitride-based products.

Reference Article Links

The Future Market Insights published the Pyrolytic Boron Nitride Market report in October 2022, describing the aspects of the Pyrolytic Boron Nitride Market growth. 

7. Boron Carbide Market

Summary:

The global boron carbide market is expected to be driven by improved nuclear reactor construction for generating sustainable energy. Organic boron carbide is a hard, chemically inert material that absorbs neutrons well in cross-section.

Because boron carbide is among the hardest materials, several companies are anticipated to maximize their production process to achieve a high purity and boron content. Consumer demand for abrasives for polishing and lapping, water jet cutting, grit blasting, slurry pumping nozzles, and increasing production of vehicle armor systems and body jackets from the defense industry will also drive sales in the coming years.

Furthermore, India and China are predicted to have higher growth forecasts, whereas European countries have a moderate growth forecast.

Reference Article Links

The Future Market Insights published the Boron Carbide Market report in July 2022, describing the aspects of the boron carbide market growth. 

8. Boron Doped Diamond Electrode (BDD) Market

Summary:

The boron-doped diamond electrode market will rise unexpectedly, with North America as the leading region of the global BDD market. BDD has the biggest electrochemical potential window in aqueous systems and is utilized for water treatment in the highest proportion.

According to type, most BDD comprises non-metal Substrates, accounting for the highest global market. 

Reference Article Links

The Wicz published the boron-doped diamond electrode market report in October 2022, describing the aspects of the BDD Market growth. 

9. Boron Trifluoride Market

Summary:

According to Future Market Insights, the Boron Trifluoride & Complexes market will grow due to substantial advancement in the end-use industries. The chemical and petrochemical industries are expected to be the major consumers of boron trifluoride.

BF3 gas and its complexes are used as catalysts in the pharmaceutical industry to produce antibiotics, drugs, and various pharmaceutics.

Reference Article Links

The Future Market Insights published the boron trifluoride market report in July 2022, describing the aspects of the boron trifluoride market growth. 

10. Potassium Fluoborate Market

Summary:

One of the main factors behind the growth of the potassium fluoroborate market is the need for abrasives, which are in increasing demand in polishing applications for end-use industries like electrical and electronic equipment, machinery, automotive, and many others. The increased need for metal processing in the industrial and automotive sectors, and its use as an admixture in manufacturing aluminum boron alloy, is spurring the market forward.

Reference Article Links

The Future Market Insights published the potassium fluoborate market report, describing the aspects of its market growth. 

11. Tin Fluoborate Market

Summary:

The Tin Fluoborate market is experiencing a rise in the application of electroplating in industries like automotive, electronics, aircraft, agriculture, and recreation.

Asia Pacific is predicted to have the highest market share due to rapid industrialization. Because electroplating is one of the most essential processes for creating electronic components to strengthen electrical conductivity, resistance to corrosion, and other properties, the electrical and electronics industry is expected to dominate the global tin fluoborate market.

Reference Article Links

The Future Market Insights published the tin fluoborate market report, describing the aspects of its market growth. 

12. Permanent Magnets Market

Summary:

The permanent magnets market share will expand because of higher demand in the automotive sector. These advancements in the automotive sector increase demand for more sophisticated vehicle control systems that consume less fuel and emit less pollution. This is particularly widespread in economies such as the United States, India, Japan, and China.

The increased use of permanent magnets necessitates using rare earth metals and manufacturing compact and strong SmCo and NdFeB magnets. However, variables such as varying raw material costs may hinder the market growth.

China, India, and Japan are the major markets for permanent magnets in APA. This is due to increased demand for hard drives from data centers.

The use of NdFeB in the military, electronics, healthcare, and others, and the constrained availability of substitutes, will also drive the permanent magnets market share growth.

Reference Article Links

Technavio published the permanent magnets market report in December 2021, describing the aspects of its market growth. 

13. Super Abrasives Market

Summary:

The electronics and transportation industries are the major factors influencing the growth of the super abrasives market, though factors such as strict government regulations may hinder the market growth.

Because of the low cost and ability to provide superior finishes, super abrasives like cubic boron nitride are in high demand in the electronics industry. 

Another trend influencing the growth is the innovation of advanced machinery.  Super abrasives’ superior finishing and low cost have increased demand in the cutting tool industry.

APAC is predicted to have the largest market share with Japan, China, and South Korea. 

Reference Article Links

Technavio published the Super Abrasives Market report in August 2022, describing the aspects of its market growth.

14. Cubic Boron Nitride Market

Summary:

The cubic boron market is predicted to surge with its rising demand in X-ray applications, automotive, construction, nanotechnology, and electronics. North America will be responsible for the highest market share with the automotive and construction industries, while Europe will have market growth due to increasing R&D activities to create new applications. 

Reference Article Links

Business Research Insights published the Cubic Boron Nitride Market report in January 2022, describing the aspects of its market growth.  

15. Hexagonal Boron Nitride Market

Summary:

The hexagonal boron nitride market will experience high demands in high-temperature paints, coatings, and the electrical and electronics sectors. 

Growing demands from the personal care sector will also offer various opportunities to manufacturers in the coming years.

The ASEAN region has the quickest consumer electronics sector in Asia-Pacific, with electrical and electronics production being the leading sectors.

Reference Article Links

Mordor Intelligence published the Hexagonal Boron Nitride Market report in 2021, describing the aspects of its market growth.  

16. Lithium Bis(oxalato) Borate (LiBOB) Market

Lithium Bis(oxalato) Borate (LiBOB) is an effective electrolyte additive for enhancing lithium-ion battery efficiency. This has a high solubility in organic solvents, thermal stability, low cost, high conductivity, and excellent electrochemical performance. 

LiBOB is a patented* conductive agent used in high-performance lithium batteries, polymer batteries, and lithium-ion batteries. This halide-free product can be used in addition to conventional fluorinated compounds such as LiBF4, LiPF6, Li-triflate, imides, methanides, and so on. 

Reference Article Links

Albermarle published the study on Lithium Bis(oxalato) Borate (LiBOB).

17. Lithium Difluoro(oxalato) Borate (LiDFOB) Market

Summary:

Lithium Difluoro(oxalato) Borate (LiDFOB) is an effective electrolyte additive for enhancing lithium-ion battery efficiency by slowing electrolyte decomposition.

LIODFB is a salt used to create advanced Li-ion batteries with enhanced cycle life, power capacity, low temperature, and high rate achievement. It combines the benefits of LiBOB and LiBF4.

Reference Article Links

SCBT published the study on Lithium Difluoro(oxalato) Borate (LiDFOB).

18. Cubic Boron Nitrates Market

Summary:

The global market for Cubic Boron Nitrates has begun to show as COVID-19 slowly dies out. Inserts and wheels are the two segments that have experienced readjustments after the pandemic. 

China is expected to be the fastest runner in the cubic boron nitrates market growth. 

Reference Article Links

The Global Strategic Business Report published the Global Cubic Boron Nitrates Market report on Research and Markets in October 2022, describing the aspects of the cubic boron nitrates market growth.

Other Useful Reference Material

Refer to 5EAM to find more information on the above-mentioned market forecasts.

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