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A few big players in the boron minerals and chemicals industry are primarily due to large-scale production and strategic resources. The world leader is Turkey's state-owned enterprise, Eti Maden, since it heavily benefits from Turkey's rich boron reserves, which make up much of the global supply. Rio Tinto is another major company that holds an important share mainly because of its diverse mining operations and global presence. The major players have comprised Gremont Chemical Company and American Borate, which cater to the local market as well as export to the international arena. The company is very keen on the individual product that is borate, which is used in the agricultural and construction industries.
Orocobre is essentially a lithium company, though it has other assets in the boron sector as well, particularly in South America, where Argentina has proven boron reserves. Other notable companies include Inkabor in Peru and Searles Valley Minerals in the United States, who focus on boron compounds of high purity. Companies like Boron Specialities. And Minera Santa Rita SRL contribute to this market, offering specialized boron products for niche applications which diversify the competitive landscape.
Major players operating in the boron minerals and chemicals coating industry are:
The market for boron minerals and chemicals in glass and ceramics applications is expected to account for around USD 12.1 billion by 2034, driven by the demand for borax and boric acid in these industries.
The global market size for boron minerals and chemicals was valued at USD 13.1 billion in 2024 and is projected to reach USD 18.4 billion by 2034, driven by a CAGR of over 3.3% from 2025 to 2034.
The Asia Pacific market is projected to register gains at over 3.7% CAGR from 2025 to 2034, driven by rapid growth in the building and construction industry, particularly in China, Japan, South Korea, Australia, and India.
Major players in the industry include 3M Company, American Borate, Boron Specialities, Eti Maden, Gremont Chemical Company, Inkabor, Minera Santa Rita, Orocobre, Rio Tinto, and Searles Valley Minerals.