Boron Market Is Anticipated To Grow At A Cagr Of 3% During 2020-2025

By Author: Lucintel LLC
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The global boron market is projected to reach $1.7 billion by 2025, at a CAGR of 3% during 2020-2025. The growth of boron market is driven by increasing demand for glass and ceramics in the building and construction industry, growth in the pharmaceutical packaging market, and the growing consumption of micronutrient fertilizers.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Boron market by source (mine source and salt lake source & others), application (glass, ceramic, fertilizer, detergent, and others), end use industry (building and construction, electronics, pharmaceutical, consumer, agriculture, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the boron market?
Q.4 What are some changing demands of customers in the boron market?
Q.5 What are the new developments in the boron market? Which companies are leading these developments?
Q.6 What ...
... strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this boron area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this boron market?

Emerging trends, which have a direct impact on the dynamics of the industry, include use of boron for nuclear applications and lubrication additives.
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Market Segmentation:
Based on application, the boron market is segmented into glass, ceramic, fertilizer, detergent, and others. The glass segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to stringent government regulation towards energy efficiency and carbon emission is driving the demand for glass wool and E-glass (fiberglass) in various end use industries.
Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to growth in building and construction activities and increasing healthcare expenditure.
Key Players in the boron market are Eti Maden, Rio Tinto, Rose Mill Co., Searles Valley Minerals, Minera Santa Rita, and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/boron-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751