Boron Minerals and Chemicals Market Analysis

Boron Minerals and Chemicals Market Analysis

The demand for colemanite mineral products surpassed USD 175 million in 2020 and is anticipated to surpass USD 235 million by 2027 due to its increasing use in the production of heat-resistant glass, as well as various industrial, medical, and cosmetic applications. Colemanite, tincal, and ulexite are of interest in many application areas due to their great properties. Colemanite and ulexite was used individually as fillers to prepare epoxy composites
 

Colemanite is a calcium borate mineral that contains water and is made up of boronite and borax. For decades, colemanite has been a favored natural source of insoluble boron. In terms of oxide contribution to glazes, it is similar to ulexite. In industry, frits are employed as boron sources, whereas potters and small businesses have relied on colemanite. Colemanite ore, a borate mineral, has been used in ceramic glaze recipes due to its low melting point, low solubility, and its smoothness on unleaded glazes. One of the main reasons for the use of glaze recipes in floor tiles ?s to make the porous and uneven surface much smoother.

Global boron minerals and chemicals market from glass and ceramics applications is anticipated to account for around USD 3,000 million by 2027. Borax and boric acid are primarily used in the glass and ceramics industries. Boric acid is used in heat-resistant boro-silicate glass, glass fibres, along with industrial and optical glass. The two largest consuming markets, glass, and ceramics are intricately linked to the construction industry and, as a result, have suffered tremendously during the construction industry crises in North America and Europe.
 

However, both the markets have progressively recovered from the recession, and the market has risen at a healthy pace, mainly due to the growing demand in Asia, followed by, Central and South America, Africa, and the Middle East.
 

Boric oxide, silica sand, soda ash, and alumina are combined and melted to make borosilicate glass. As borosilicate glass melts at a greater temperature than conventional silicate glass, industrial manufacture requires certain novel procedures. The production process differs according to the product geometry and can be classified as floating, tube drawing, or molding.

The Asia Pacific region is projected to register gains at over 4.5% CAGR from 2021 to 2027. In the building and construction industry, Asia market, led by Japan, South Korea, Australia, China, and India, is predicted to grow rapidly. Residential constructions and dwellings are expected to be in high demand as per capita income and population rise. High government spending on public infrastructure, such as bridges, dams, roads, and highways, is expected to boost the regional boron minerals and chemicals market growth.
 

Rapidly growing population along with surge in consumer disposable income are expected to augment the demand for glass and ceramics products, thus supporting business expansion. High government investment on public infrastructure development, such as bridges, dams, roads, and highways, might help to drive regional product demand. Besides, increased domestic demand for agrochemicals is anticipated to further boost the regional industry size.