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 material demand is driven by a rising usage of boron compounds in wide-ranging applications that include, glass and ceramics, detergents, alloys and metals, agrochemicals supported by favourable government laws that encourage the use of energy-efficient semiconductor and glass fibre products.

Boron is a non-phosphate, ecologically safe, borate-based used in household cleaning agent that poses no health risks. Boron minerals are natural compounds that contain boron oxide in varying concentrations. Chemical residues from petrochemical detergents remain on the laundry, limiting its usable life.  In terms of commercial relevance, colemanite and ulexite are the most important boron minerals. Textile glass fibre, insulating glass fibre, enamels and glazes, and agriculture are few of the major consuming industries for boron compounds.

The market for detergents and bleaches is expected to grow significantly owing to the eco–friendly property of borate–based compounds used in detergents. However, the cleaning product leaves no residues when used. Also, colemanite, ulexite, and tourmaline are all its important minerals. Colemanite is in great demand due to its growing usage in the creation of heat-resistant glass, as well as a variety of industrial, medicinal, and cosmetic uses.