According to the research report titled ‘Boron Minerals and Chemicals Market Size, Share and Industry Outlook Report by Product Type (Boron Minerals [Colemanite, Ulexite, Tourmaline], Boron Chemicals [Boric Acid, Anhydrous Borates, Borax, Anhydrous Borax, Boron Halides {Boron trichloride, Boron trifluoride, Boron tribromide}, Boric Acid Esters, Boron Hydrides {Closo borane, Nido Borane, Arachno Borane}, Boron Carbide, Boron Nitride {Hexagonal Boron Nitride, Cubic Boron Nitride, Wurtzite Boron Nitride}]) and Application (Glass and Ceramics, Alloys and Metals, Detergents and Bleaches, Agrochemicals, Adhesives), Regional Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global boron minerals and chemicals market is set to bolster at a considerable CAGR through 2027.

As per the report findings, surging product demand from energy saving appliances segment, and growing use of ceramics and glass in the construction industry are acting as a major impetus to global boron minerals and chemicals market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4547843/

For the unversed, boron compounds are used as raw materials and intermediaries in producing several items across an array of sectors, including construction, automotive, textile, and food & beverages, among others.

However, strict regulations associated with the use of boron compounds in toy manufacturing is likely to impede market remuneration over the upcoming years.

Based on product type fragmentation of worldwide boron minerals and chemicals industry, boron minerals segment is estimated to grow at 3.5% CAGR over the analysis period. The ulexite sub segment is predicted to gain sizeable returns, owing to growing product utilization in fiberglass manufacturing, especially in heat-resistant application glasses.

Meanwhile, boron chemicals segment is touted to capture 85% market share over 2021-2027, with the anhydrous borax subsegment witnessing substantial demand, due to excellent durability offered in glass formulations.

Considering application scope, others segment, which includes industrial fluids, flame retardants, and wood preservatives, is slated to accrue USD 350 million in revenues by 2027.

On the regional front, Latin America currently accounts for 7.5% market share and is on track to witness remarkable growth over 2021-2027. While Middle East & Africa industry is slated to grow rapidly through 2027, attributed to rising sophistication in glass and ceramics sectors across developing economies in the region.

Prominent players in global boron minerals and chemicals market are Quiborax S.A., Gremont Chemical Co. Ltd., Boron Specialties LLC, Rose Mill Co., Searles Valley Minerals Inc., Inkabor, Minera Santa Rita S.R.L., Eti Maden, Orocobre Ltd., Rio Tinto Group, and American Pacific Borates Ltd.