A recent report published by Transparency Market
Research pegs the value of the global boron compounds market at
US$1.98 bn in 2013. The market, according to the report, is likely to
reach an estimated valuation of US$3.15 bn by the end of 2020. If the
figures hold true, the market will exhibit a positive CAGR of 6.9%
during the aforementioned forecast period. The report is titled
“Boron Compounds Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020” and is available on the
company website for sale.
This 89 page report gives readers a comprehensive
overview of the Boron Compounds market. Browse through 21 data tables
and 20 figures to unlock the hidden opportunities in this market@
The report presents a comprehensive overview of the
global boron compounds market and provides insights into the factors
that are likely to drive or restrain the growth of the market. Based
on in-depth research, the report states that the total production
volume of boron compounds stood at 1,759 kilo tons in 2013.
Increasing demand from the ceramic tile industry for
boric acid, which is an oxidized product derived from boron, will
push the demand for boron compounds. Furthermore, rising application
of boric acid in fiberglass is also anticipated to fuel demand from
the global boron compounds market, states the report. While growth
prospects for the market may seem rather positive, abundant
availability of close substitutes is a major threat that might hinder
its progress in the long run. The limited availability of boron ore,
concentrated only in a few regions around the world, also makes it
difficult for companies in the industry to ensure smooth operation.
With an aim to present an executive-level snapshot of the market, the
report studies in great detail every factor that is likely to have an
impact on the growth trajectory of the global boron compounds market.
The boron compounds market comprises borax, boric
acid, and other compounds such as boron oxide, sodium metaborate,
boron trifluoride, and sodium perborate. Of these, the demand for
boric acid, as per the report, is anticipated to register the fastest
growth. In this regard, a lead TMR analyst said, “Increasing
application of boric acid in the production of fiberglass and
borosilicate glass boosts its demand in the global market”.
Other boron compounds including boron oxide, sodium
metaborate, boron trifluoride, and sodium perborate collectively held
19.1% of the global boron compounds market in 2013. In terms of
application, the global market for boron compounds is segmented into
agriculture, borosilicate glass, soaps, ceramics, detergents,
fiberglass, and others. In 2013, the market was led by the fiberglass
segment, which accounted for 31% of the total market.
Get accurate market forecast and analysis on the
Boron Compounds market. Request a sample to stay abreast on the key
trends impacting this market@
In terms of geography, the boron compounds market in
Asia Pacific led the global boron compounds market in 2013. TMR
analysts project the market to expand at a CAGR of 6% between 2014
and 2020. During the same period, the boron compounds markets in
North America and Europe are likely to exhibit a moderate growth
rate. The report profiles leading companies operating in the market
to study its competitive landscape. The companies profiled in the
report include Borax Morarji Ltd., AkzoNobel, Boron Compoundss Ltd.,
Eti Maden, ESK Ceramics, and BASF.
The report segments the global boron compounds
market as:
Boron Compounds Market - Product Segment
Analysis
- Borax
- Boric Acid
- Others (Including boron oxide, sodium perborate, etc.)
Boron Compounds Market - Application Analysis
- Borosilicate Glass
- Fiberglass
- Agriculture
- Ceramics
- Detergents & Soaps
- Others (Including fire retardant, cellulosic insulation, etc.)
Boron Compounds Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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