The Boron Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Boron Market?
The boron market has seen considerable growth in the past years. The market, which was valued at $7.46 billion in 2024, is predicted to hit the $8 billion mark by 2025, indicating a compound annual growth rate (CAGR) of 7.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Boron Industry?
The Boron Global Market is projected to expand to $11.82 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.3%.
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What are the Key Growth Drivers Fueling the Boron Market?
The key drivers in the boron market are:
• Increasing agricultural demand for boron
• Innovations in the usage of boron in the glass and ceramics industry
• Rising boron usage in consumer product manufacturing
• Advancements involving boron in the electronics sector and expanding healthcare applications.
Global Market Segmentation: Identifying Major Boron Industry Segments
The boron market covered in this report is segmented –
1) By Type: Aerospace Composite Materials, Boronated Glasses, And Other Types- Boron
2) By Mining Type: Underground Mining, Surface Mining
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What are the Emerging Trends Shaping the Future of the Boron Market?
The key trends in the boron market are:
• The boron market is set to evolve with the increasing focus on boron neutron capture therapy (BNCT).
• The incorporation of boron into aerospace industry applications is a significant emerging trend.
• The use of boron-based flame retardants is becoming popular in the market.
• The market is witnessing a shift towards sustainable mining practices and is also focusing on boron in nuclear power applications.
Who Are the Top Competitors & Leading Players in the Boron Market?
Major companies in the boron market are:
• Rio Tinto Group
• 3M Company
• Borusan Holding A.S.
• Allkem Limited
• Searles Valley Minerals Inc.
• Ceradyne Inc.
• Borax Inc.
• S B Boron Corporation
• Boron Molecular PTY. Limited
• Gujarat Boron Derivatives Pvt. Ltd.
• China National Bluestar Group Co. Ltd.
• Minera Santa Rita SRL (MSR)
• SB Boron Corporation
• Qinghai Zhongtian Boron Lithium Mining Co. Ltd.
• Quiborax S.A.
• Boron Specialities LLC
• Eti Maden Isletmeleri Genel Müdürlügü
• Qinghai Huaxia Boron Co. Ltd.
• Inner Mongolia Mengyuan Boron Co. Ltd.
• ABC Corporation
• Sichuan Tianli Group Co. Ltd.
• Henan Sanxing Boron Co. Ltd.
• LMN Minerals
• Jiangxi Lianyi New Materials Co. Ltd.
• PQR Chemicals
• Xinjiang Yutai Boron Compounds Co. Ltd.
• Fujian Minnan Borate Co. Ltd.
• Shanxi Borui New Materials Co. Ltd.
• Hebei Xin'an Boron New Materials Co. Ltd.
• Hunan Bolin New Materials Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Middle East was the largest region in the boron market in 2024
