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Base Year: 2024
Companies covered: 10
Tables & Figures: 272
Countries covered: 18
Pages: 220
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Boron Minerals and Chemicals Market
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Boron Minerals and Chemicals Market Size
The global boron minerals and chemicals market was valued at USD 13.1 billion in 2024 and is estimated to grow at a CAGR of over 3.3% from 2025 to 2034.
The rise of different applications such as glass and ceramics, detergents, agrochemicals, and metal alloys has led to an increasing demand for boron compounds and at the same time, government policies encourage energy-efficient glass fiber and semiconductor products which further supports this demand.
Boron is non-toxic and phosphate-free, and is classified as a detergent grade cleaning agent with no negative health impacts. Dispersed within a rock matrix, boron minerals are natural and semi-precious compounds containing different amounts of boron oxide. Petrochemical based detergents leave chemical residues that are not able to be utilized due to the limited lifespan of the laundry. In the context of economic importance, colemanite and ulexite are the most significant boron minerals. With textiles, agriculture and production of insulating glass fibre, textile glass fibre, and glazes, are some of the major industries that consume boron compounds.
Boron Minerals and Chemicals Market Trends
There is an increasing demand for minerals and chemicals containing boron in industries such as farming, construction, and electronics which is driving the growth in this market. For boron, its importance in fertilizers supporting agriculture is undeniable and so with the challenges improving food security around the world, the need will only grow. Many governments set energy efficiency goals, so the construction sector uses boron minerals in glass and insulation materials.
Boron’s crucial role to technology and life has turned it into an essential mineral, critical for development. USGS and European Union Commission deem it as an essential mineral which emphasizes the mining of boron and also reveals why initiatives like the Raw Materials Initiative are supporting advancement into alternative extraction techniques. It does not end there. IEA is of the opinion that such boron rich minerals are crucial for green energy transitions, which in turn has caused the market’s expansion. Also, the United States produced a reported 1.1 billion tons of boron in the year 2023 according to USGS. Such numbers are reflective of the expanding importance and demand for boron.
Boron Minerals and Chemicals Market Analysis
Boric acid or borate salts serve the purpose of pesticides, herbicides, algaecides and fungi. They are used more than other pesticides due to its effectiveness in agrochemicals. Furthermore, sodium borate salt compounds and boric acid restrict the incursion of pests by inhibiting their metabolic processes at the cellular interface. Another well-known boron product is borate, which helps to absorb infrared radiation and also assists in decreasing the rate of heat flowing out using infrared transmission in building materials like glass wool and other insulating materials. Nevertheless, the increasing restrictions on its use in cosmetics and personal care products may limit its associated compounds.
The demand for colemanite mineral products surpassed USD 1.6 billion in 2024 and is anticipated to surpass USD 2.2 billion by 2034 because it is increasingly used in different applications such as production of heat-resistant glass and various industrial, medical and cosmetic uses. There is also great interest in collermanite, tincal and ulexite in many application areas because of their great properties. Colemanite and ulexite were used separately as fillers to prepare epoxy composites.
The calcium borate mineral known as colemanite, which undergoes hydration and is formed by the combination of boronite and borax, is regarded as the preferred source of borone for over fifty years. Colemanite, together with ulexite, is a crucial source of oxide for glaze. In industry, frits are used as boron sources while potters and small businesses tend to use colemanite. This borate mineral, colemanite, has gained popularity in ceramic glaze formulations because of its low melting and dissolving points, and because it gives a smooth finish on the unleaded glazes.
Global boron minerals and chemicals market from glass and ceramics applications is anticipated to account for around USD 12.1 billion by 2034. The glass and ceramic industries make heavy use of borax and boric acid. Borate is used in the manufacturing of boro silicate glass, glass fibers, and heat resistant industrial and optical glass. Glass and ceramics are the two largest consuming markets, but are also heavily tied with the construction sector, which, during the crisis of the construction industry in North America and Europe, suffered tremendously.
The Asia Pacific region is projected to register gains at over 3.1% CAGR from 2025 to 2034. In the building and construction sector, the Asia market spearheaded by China, Japan, South Korea, Australia and India is expected to expand at an alarming growth rate. Increased per capita income coupled with high population growth is expected to create a huge demand for residential construction and housing. High public expenditure on bridges, dams, roads, and highways is expected to accelerate the growth of the boron minerals and chemicals market within the region.
The increasing population together with growing per capita income will considerably increase demand for glass and ceramics and consequently aid the expansion of the glass and ceramics market. Public infrastructure investment on building bridges, dams, roads, and highways is without a doubt, will boost regional product development. Furthermore, a rise in agriculture-based chemicals will strengthen the regional market size.
Boron Minerals and Chemicals Market Share
The leading player in the field is Eti Maden, Turkey’s state-owned enterprise, as it enjoys access to Turkey’s abundant boron deposits that make up a large portion of the world’s supply. Another important player is Rio Tinto which has considerable market share because of their mining activities spread across many countries. Other market players include Gremont Chemical Company and American Borate who tend to serve the domestic market and are exporters at the same time. Gremont has a strong interest in the product borate used in agriculture and construction.
Primarily, Orocobre is a lithium company, but it has other holdings in the boron industry, especially in South America where Argentina has established boron reserves. Another important player is Inkabor in Peru as well as Searles Valley Minerals from the United States who manufacture high pure form of boron compounds. Other companies such as Boron Specialities and Minera Santa Rita SRL have expanded the competitive market by providing specialized boron products for niche areas.
Boron Minerals and Chemicals Market Companies
Major players operating in the boron minerals and chemicals coating industry are:
Boron Minerals and Chemicals Industry News
The boron minerals and chemicals market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:
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Market, By Material
Market, By Application
The above information is provided for the following regions and countries: