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Borates Market - Global Industry Analysis, Forecast 2015 – 2023.

Large number of boron containing oxyanions is usually termed as borates. The term is sometimes referred to tetrahedral boron anions. In natural state, boron occurs as borates in forms of boronsilicates and borate minerals. Borates are used in wide r
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Borates Market - Global Industry
Analysis, Size, Share, Trends And
Forecast 2015 - 2023
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Transparency Market Research Reports incorporated a definite business overview and investigation inclines on Borates Market
- Global Industry Analysis, Size, Share, Trends And Forecast 2015 - 2023. This report likewise incorporates more
illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry
Large number of boron containing oxyanions is usually termed as borates. The term is sometimes referred to tetrahedral boron
anions. In natural state, boron occurs as borates in forms of boronsilicates and borate minerals. Borates are used in wide range
of applications. The versatility of the borate compounds stems from the unique structural and bonding characteristic of borates.
Borates are one of the essential ingredients for living things, while it also important in various industrial applications.
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Borates are an essential material for higher plants and these chemicals are extensively used in agriculture for improving the
crop quality and crop yield. Borates also find applications in the formulations of certain insecticides. It can inhibit the growth of
fungi and bacteria and is extensively used for improving the durability of wood based construction products. Borates protect the
wood by destroying wood damaging insects. Some forms of borates are used to produce industrial or household cleaners,
laundry detergents, and personal care products. Borates are also used in the glass-forming applications, where it modifies the
structure of the glass and makes it chemical and heat resistant. Borates also find applications in ceramic glazes, specialty
glasses and durable fiberglass. Borate glasses form one of the most important components of modern day display panels of
computers, televisions, mobiles and various other devices. Another important application for borates includes its use for nuclear
shielding. Borates have a unique ability of absorbing radiations and therefore are utilized in shielding safety and control of
nuclear reactors employed in medical therapeutics. Applications such as electronic displays and agriculture are expected to
drive the demand for borates across the globe. The use of borates as fertilizer and pesticide is expected to be one of the major
driving factors for borate market in the next few years. Growing population particularly in Asia Pacific is anticipated to further
increase the demand for agricultural products. This in turn is expected to drive the demand for borates in this region, in the near
future. Borates are used in display panels of televisions, mobiles and other electronic displays. The recent growth in electrical
and electronic industry globally is projected to further augment the demand for boron in the next few years. Looking forward,
the demand for borate from the wood industry is also anticipated to show strong growth. Borate inhibits the growth of bacteria
and fungi and increases the durability of wood products.
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In terms of demand, Asia Pacific was the largest market for borate, followed by North America, Europe and Latin America. Asia
Pacific was the major consumer of borate, globally. Asia Pacific is home to several electric and electronic companies as well as
agriculture products and hence, the demand for borate is anticipated to be high in this region. The major borate markets in
North America were U.S and Canada. In Europe, some of the major markets for borate include Germany, Italy, France and U.K
amongst others. In Asia Pacific, China accounted for the largest demand for borate followed by India, Japan, Indonesia etc. There
has been a growing demand for borate and its products especially from countries of Asia Pacific such as China and India. With
further economic development and growth in electronics industry in these regions is expected to further propel the demand for
borate in the near future.
Some of the major companies operating in the global borate market are Borax (a member of Rio Tinto group) and American
Borate Company among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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