Global Colemanite Market Size By Type (Primary Boron, Subprimary Boron), By Application (Steel Industry, Plastics Industry, Glass Fiber), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Colemanite Market size is valued at USD 1.51 Billion in the year 2021 and it is expected to reach USD 2.08 Billion in 2030 at a CAGR of 3.68% over the forecast period of 2023 to 2030.
Boron derived from Colemanite is used as a fertilizer and soil amendment to correct boron deficiencies in agricultural soils, which is driving market growth. The Global Colemanite 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 Colemanite Market Definition
Colemanite, a borate mineral, hydrated calcium borate (Ca2B6O115H2O), was the primary source of borax until the 1930s. It is found as colorless, brilliant crystals and masses in Paleogene and Neogene sediments (formed 65.5 to 2.6 million years ago), where it has been derived from ulexite and borax. Colemanite has been a popular natural source of insoluble boron for many decades. It contributes oxide to glazes similarly to Ulexite (though the latter also sources Na2O). Frits are used as boron sources in the industry, whereas colemanite has been used by potters and smaller businesses.
Colemanite is a hydrated calcium borate, a modified form of borax. Boron is found in over 200 minerals, but colemanite is one of only a few that is commercially important. It has a B2O3 content of 50%. It forms at a lower pH and higher temperature than other borates, such as ulexite. Colemanite does not melt as quickly or as evenly as Ulexite. Colemanite is present in significant amounts in Gerstley Borate. However, pure colemanite contains significantly more B2O3 than Gerstley Borate.
So, here's the thing with using lots of colemanite in your glazeswhen you fire them, you might get this wrinkling effect, called 'decrepitation' – basically, it's really breaking down. Too much, and your glaze could even fall apart! Seriously, bits can spit off and ruin everything. That's why ulexite is often a better option. But if you have to use colemanite, make sure you sift it super fine (200 mesh or finer) or ball mill the whole glaze. Adding some gum or other binders can help too. Oh, and just so you know, you can find colemanite in places like Turkey, Chile, and even right here in California.
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Global Colemanite Market Overview
The increasing need for boron-based products in various industries has driven steady growth in the Colemanite market over the years. Factors such as industrial development, economic conditions, and technological advancements all have an impact on market size. Boron compounds with excellent properties, such as colemanite, tical, and ulexite, are of particular interest in a wide range of applications. Colemanite and ulexite were used as fillers in epoxy composites separately. All composites demonstrated excellent corrosion resistance and adhesion properties.
Basically, tests like TGA and Vicat softening showed that colemanite really boosted the heat resistance of the epoxy compared to ulexite. Plus, the resulting materials held up great in cold temps! So, we think these composites could be super useful in all sorts of industries like construction, coatings, and flooring. However, getting and using colemanite involves following some pretty strict environmental rules. These laws are there to make sure we're mining responsibly and protecting the environment, but they can also make things more expensive and require us to invest in new technologies.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Colemanite market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Colemanite Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Colemanite Market Segmentation Analysis
The Global Colemanite Market is Segmented on the Basis of Type, Application, And Geography.
Colemanite Market, By Type
Primary Boron
Subprimary Boron
Based on Type, the market is segmented into Primary Boron and Subprimary Boron. Colemanite is a borate mineral found in alkaline water hydrous deposits. It is not a primary product; rather, it is a secondary mineral (Subprimary boron) formed through the alteration of borax and ulexite. Because of the presence of water in the molecular formula, it is also known as a hydrated calcium borate.
Colemanite Market, By Application
Steel Industry
Plastics Industry
Glass Fiber
Other
Based on Application, the market is segmented into Steel Industry, Plastics Industry, Glass Fiber, and Others. Colemanite is a significant source of boron compounds, which are widely used in the manufacture of boron-based chemicals. Boron compounds are used in a wide range of industries, including agriculture, ceramics, glass, detergents, flame retardants, and pharmaceuticals. Borax, boric acid, boron nitride, borosilicate glass, and boron polymers are examples of boron-based chemicals.
Colemanite Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On the basis of Geography, the global Colemanite market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has a significant share of the market in the global Colemanite market. A number of major players involved in the extraction, processing, and distribution of Colemanite can be found in the region. In North America, multiple sectors such as glass manufacturing, ceramics, detergents, and agriculture drive the need for Colemanite.
Key Players
The “Global Colemanite Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Eti Maden, Rio Tinto, Borax Argentina SA, AMCOL International Corp., Mining Associates Pvt. Ltd., Liaoning Shougang, Boron Iron Co., Ltd., Eti Bakir AS, Russian Bor, Minera Santa Rita SRL, Etimaden, Manisa Salihli Boraks AS, Hangzhou Yunuo Chemical Co., Ltd., Searles Valley Minerals, Sociedad Industrial Tierra S.A., General Minerals Corporation among others.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Eti Maden, Rio Tinto, Borax Argentina SA, AMCOL International Corp., Mining Associates Pvt. Ltd., Liaoning Shougang, Boron Iron Co., Ltd., Eti Bakir AS, Russian Bor, Minera Santa Rita SRL
SEGMENTS COVERED
By Type
By Application
By Geography
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