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

So, you know Boron? It's that element on the periodic table with the symbol B and the number 5. It's kind of interesting because it can look different depending on its form. If it's crystalline, it's this brittle, black, and shiny stuff – a metalloid, actually! But if it's amorphous, it's just a brown powder. Being the lightest of its group, Boron has three electrons ready to share, which means it loves to form covalent bonds. This leads to all sorts of cool compounds, like boric acid and even boron carbide. It's a natural chemical, and when it hangs out with other chemicals, they form what we call borates. Common ones you might know are boric acid (again!), borate salts, and boron oxide. Funny enough, most of the world's borates are made right here in the United States by processing these 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 aren't super toxic to us mammals – about as harmful as table salt. But ick for bugs! They're actually used as anti-insect organic antibiotics, thanks to the boron they contain. Speaking of plants, they need it too! Boron is an essential nutrient, just in tiny amounts. Fun factsome organic medicines with boron are either being used or looked into. Natural boron is made up of two stable isotopes, and one of them can grab neutrons, which comes in handy for all sorts of things. Plus, boron can build stable molecular networks kind of like carbon does. Even when boron seems all messed up and disordered (like, amorphous), you'll still find those cool regular boron icosahedra; they're just stuck together randomly with no long-range order.

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.

Borates, compounds of boron used in glass making, aren't just for glass! They're also found in things like fire retardants, leather tanning, cosmetics, and even soaps and cleansers, plus they can be used as a high-energy fuel. The World Health Organization says a safe amount of boron for us humans is between 1–13 mg a day. Research, according to OD.NIH, shows that animals getting extra boron seem to have stronger bones compared to those getting normal or low amounts. However, in a study of 134 Korean women (around 41 years old), a boron intake of about 0.9 mg/day didn't really seem to affect bone density in their lower back or upper leg.

The FDA came up with Daily Values (DVs) to help us consumers quickly see how nutritious different foods are and how they fit into our overall eating habits. Now, because the FNB hasn't set official recommendations for boron intake (like an RDA or AI), popping borax internally can actually cause some problems, such as nausea, throwing up, allergic reactions, and even weakening your immune system – not good! According to the (OD.NIH), too much boron can also lead to headaches, feeling too cold (hypothermia), feeling restless, being tired, kidney trouble, skin rashes (dermatitis), losing hair (alopecia), loss of appetite (anorexia), and tummy troubles. Babies getting too much boron have shown signs of anemia, seizures, skin redness (erythema), and thinning hair. And get thisreally high doses of boron can be fatal – we're talking about 15,000 to 20,000 mg potentially being deadly.

Hey, did you know that the NCBI says taking 110 mg of calcium fructoborate twice a day (that's about 3 mg or 6 mg of boron daily) can actually help ease knee pain in just two weeks? They did a study where 60 people who complained about knee discomfort were split into two groupsone got the calcium fructoborate, and the other got a placebo. And get this – another study found that boron might protect rats from the harmful effects of malathion, a pesticide we're all exposed to in small amounts through our food! Apparently, when rats were given 100 mg/kg/d of malathion through gastric gavage, it messed with their systems. Levels of malondialdehyde, nitric oxide, and 8-hydroxy-2'-deoxyguanosine (8-OHdG) went up, and there were signs of liver damage. Plus, things like acetylcholinesterase, reduced glutathione, superoxide dismutase, and catalase activity all went down in their blood, liver, kidney, and brain tissues.

Global Boron MarketSegmentation Analysis

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

Boron Market, By Product

• Salt Lake Source• Mine Source

So, when we look at Product, we can divide the market into what comes from Salt Lake Source versus Mine Source. You know, aquifers all over have a lot of ammonium (NH4), arsenic (As), and boron (B) – usually that's because of things we do. But sometimes, nature messes with groundwater quality all on its own. Take the Niebla Posadas aquifer near the CLC mining complex. It's a small, deep area and has tested high for NH4, As, and B. The mine's actually put in a Drainage and Reinjection Systemtwo rings of wells around the pit. The inside ring pulls water out, and the outside ring puts it back in. Now, because everyone uses groundwater so much around here – for farms, factories, mining, and even drinking water – it's super important to figure out what's coming from the earth (geogenic) and what's coming from us (anthropogenic). That way, we can make sure we're managing the water right in this sensitive area.

Boron Market, By Application

• Glass• Ceramics• Agriculture• Detergents• Others

So, when we look at how soda ash is actually used, it breaks down into things like making glass, ceramics, helping out in agriculture, going into detergents, and other stuff. Speaking of glass, the EPA tells us there are tons of types, like soda-lime, lead, fused silica, borosilicate, and 96 percent silica. Soda-lime is a big deal because it's like 77% of all glass made! It's basically a mix of sand, limestone, soda ash, and even recycled bits of glass (cullet). And then there's boron, which the NIH says is super important for plants. They slurp it up through their roots as boric acid and use it for all sorts of things, like keeping their cells strong. But here's the catchplants need just the right amount of boron, or their agricultural yields will suffer.

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.

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