Global Boron Market Size By Product (Salt Lake Source and Mine Source), By Application (Glass, Ceramics, Agriculture, Detergents), By Geographic Scope And Forecast

Boron Market Size And Forecast

Boron Market size was valued at USD 1.99 Billion in 2018 and is projected to reach USD 2.78 Billion by 2026, growing at a CAGR of 4.32% from 2019 to 2026.

The Global Boron Market grows rapidly due to its major use in glass making process, borates are a compound of boron used in the glass-making process, they're also utilized for fire retardants, leather tanning, cosmetics, photographic materials, soaps and cleansers, and high-energy fuel. The Global Boron Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Boron Market Definition

Boron is a chemical element with the symbol B and the atomic number 5. In its crystalline form, it is a brittle, black, glossy metalloid, while in its amorphous form, it is a brown powder. Because it is the lightest member of the boron group, it has three valence electrons, allowing it to form covalent bonds, resulting in a variety of compounds such as boric acid.., and boron carbide. Boron is a naturally occurring chemical. Borates are compounds formed when it is mixed with other chemicals. Boric acid, borate salts, and boron oxide are all common borate chemicals. The majority of the world's borates are made in the United States by processing boron compounds.

Borates are generally used to make glass. Fire retardants, cosmetics, soaps and cleansers, and high-energy fuels are all made with them. Borates are also found in several cockroach control insecticides and wood preservatives. Elemental boron is a metalloid that is present in small amounts in meteoroids but not in its chemically uncombined form on Earth. Because of contamination by carbon or other elements that resist removal, the highly pure element is difficult to create industrially. The relationship between boron and biology is rather tenuous. There is no consensus on whether it is necessary for mammalian existence.

Borates have modest toxicity in mammals (comparable to table salt), but they are poisonous to arthropods and are sometimes employed as anti inspect organic antibiotics using boron. It is an essential plant nutrient, even though just traces are required. A few organic medicines containing boron are in use or under investigation. Natural boron is made up of two stable isotopes, one of which is used as a neutron-capturing agent in different applications.. Boron has a similar ability to construct stable covalently bound molecular networks to carbon. Regular boron icosahedra are found in even nominally disordered (amorphous) boron, although they are bound randomly to each other with no long-range organization.

Global Boron Market Overview

Boron is found in foods and beverages as inorganic borates and mono- and di-sugar-borate esters as calcium fructoborate. The majority of boron consumed is converted to boric acid in the gastrointestinal tract. Boron is absorbed in the body at a rate of 85-90 percent. Boron can be found in dietary supplements that contain solely boron or in supplements that contain boron along with a few additional nutrients, most commonly minerals. Dietary supplements typically contain 0.15 to 6 mg of elemental boron However, little is known about how or where absorption occurs in the gastrointestinal tract.

Glass-making process, borates is a compound of boron which used in glass making process, they're also utilized for fire retardants, leather tanning, cosmetics, as a material of soaps and cleansers, and high-energy fuel The World Health Organization considers 1-13 mg of boron per day to be an "acceptable safe range" for humans. According to (OD.NIH) Animals that receive boron supplementation are compared to animals that ingest normal or low levels of boron, and the supplementation increases various measures of bone strength. Boron intakes (mean of 0.9 mg/day) were not significantly linked with bone mineral density in the lumbar spine or femoral regions in an observational study of 134 Korean women (average age 41 years).

The United States Food and Drug Administration (FDA) created Daily Values (DVs) to assist customers in comparing the nutrient content of items in the context of a whole diet. Because the FNB has yet to develop a boron RDA or AI the internal use of borax is responsible for causing much more health issues like nausea, vomiting, allergy, and also suppressed immunity due to its undesired effect. According to (OD.NIH) Boron toxicity can also produce headaches, hypothermia, restlessness, fatigue, renal damage, dermatitis, alopecia, anorexia, and indigestion, among other symptoms. High boron intakes in babies have been linked to anemia, convulsions, erythema, and thinning hair. Boron at extremely high amounts can be lethal; for example, 15,000 to 20,000 mg can kill people.

According to the (NCBI) Recently, calcium fructoborate 110 mg 2 /d, which supplies about 3 mg of boron 2 /d or 6 mg/d, was proven to reduce knee soreness within 14 days of treatment. Subjects with self-reported knee discomfort (n = 60) were randomly assigned to one of two groups: calcium or placebo. Boron protected rats exposed to low levels of malathion, a commonly used pesticide that produces oxidative stress even at the low levels at which humans are exposed to it in the food supply, according to a new study. 69 administration of malathion Gastric gavage of 100 mg/kg/d elevated malondialdehyde, nitric oxide, and 8-hydroxy-2'-deoxyguanosine (8-OHdG) levels, as well as liver damage indicators. In the blood, liver, kidney, and brain tissues, it decreased acetylcholinesterase and reduced glutathione, superoxide dismutase, and catalase activity.

Global Boron Market: Segmentation Analysis

The Global Boron Market is Segmented on the basis of Product, Application, And Geography.

Boron Market, By Product

• Salt Lake Source
• Mine Source

Based on Product, the market is segmented into Salt Lake Source and Mine Source. Aquifers around the world have high levels of ammonium (NH4), arsenic (As), and boron (B), which are typically linked to human activities. Natural processes, on the other hand, might cause difficulties with groundwater quality. The limited, deep area of the Niebla Posadas aquifer, which is near the Cobre Las Cruces (CLC) mining complex, has been shown to contain high NH4, As, and B concentrations. The mine has installed a Drainage and Reinjection System, which consists of two rings of wells surrounding the open-pit mine, with the internal ring draining and the external ring reinjecting water into the aquifer. To ensure good groundwater management in this sensitive area, where groundwater is heavily used for agriculture, industry, mining, and human supplies, distinguishing geogenic and anthropogenic sources and processes is critical.

Boron Market, By Application

• Glass
• Ceramics
• Agriculture
• Detergents
• Others

Based on Application, the market is segmented into Glass, Ceramics, Agriculture, Detergents and Others. According to(EPA) Soda-lime, lead, fused silica, borosilicate, and 96 percent silica are all types of commercially made glass. Because soda-lime glass accounts for 77 percent of all glass production, it is described here. Sand, limestone, soda ash, and cullet make up soda-lime glass (broken glass). According to(NIH) Boron is an important plant micronutrient that is primarily absorbed by the roots in the form of boric acid. It plays a crucial role in plant metabolism by stabilizing compounds with cis-diol groups. Because the element is involved in the formation and function of cell walls and membranes, it is engaged in a variety of ion, metabolite, and hormone transport reactions. Boron has a very limited range between shortage and toxicity, and insufficient boron supply hurts a negative impact on agricultural plant yield.

Boron Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, the Global Boron Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness the highest CAGR during the forecast period. This is primarily due to, its major use in the glass making process, borates are a compound of boron used in the glass making process, they're also utilized for fire retardants, leather tanning, cosmetics, photographic materials, soaps and cleansers, and high-energy fuel.

Key Players

The "Global Boron Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Boron Molecular, Boron Specialities LLC., Ceradyne, Inc., 3M, SB Boron, Dalian Jinma Boron Technology Group Co. Ltd., ETI mines, Rio Tinto, Quiborax, Manufacturas Los Andes and Mudanjiang Jingangzuan Boron Carbide. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Sept. 2021, 3M, a leading manufacturer of high-performance polymer additives, has expanded its line of boron nitride cooling fillers, which may be used in a variety of automotive, electrical, and electronic systems and components.
• Sept. 2021, Luxshare Technology Co., Ltd. (Luxshare) and 3M Innovative Properties Co. have signed a limited patent license agreement for the use of 3M's Twin Axial Cable technology.
• December 2021, Rio Tinto has agreed to pay $825 million for the Rincon lithium project in Argentina, which is owned by Rincon Mining, a corporation controlled by funds managed by private equity firm Sentient Equity Partners.