The global borax market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of the global borax market is driven by increasing demand for boric acid and fiberglass in various end-use industries such as construction, automotive, and electronics. Boric acid is used as an insecticide in agriculture and pest control services; it also finds application in water treatment plants for removing algae from water bodies. Fiberglass finds application in insulation material for buildings and automobiles; it also finds use as a flame retardant material in furniture manufacturing industry. Anhydrous Borax accounted for the largest share of the global borax market with over 50% share followed by Borax Pentahydrate with over 30%. The demand for anhydrous borax is expected to increase due to its usage as a raw material in production of other chemicals such as sodium tetraborate pentahydrate (boron oxide) which has applications across various industries such as construction, automotive, electronics etc, while demand for pentahydrate will be driven by its usage in detergent formulation which has been witnessing significant growth globally due to increasing awareness about hygiene among consumers coupled with rising disposable incomes across emerging economies like India and China.
Some Of The Growth Factors Of This Market:
- Borax is a natural mineral that has been used for centuries as a cleaning agent and water softener.
- Borax is also used in the production of glass, ceramics, enamelware, and detergents.
- The use of borax in these products has increased demand for the mineral over time.
- The price of borax has also increased due to its scarcity on the market and this has led to an increase in demand for it as well as an increase in prices for products that contain it such as laundry detergent and dishwasher detergent.
- As more people are becoming aware of the benefits of using borax, there will be an increase in demand for it.
Industry Growth Insights published a new data on “Borax Market”. The research report is titled “Borax Market research by Types (Anhydrous Borax, Borax Pentahydrate, Borax Decahydrate), By Applications (Boric Acid, Fiberglass, Enamel, Detergent), By Players/Companies RTM, Eti, Searles, RUSSIAN BOR, QUIBORAX, SRL, INKABOR, Dalian Jinma, Fengcheng, Kuandian”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Borax Market Research Report
By Type
Anhydrous Borax, Borax Pentahydrate, Borax Decahydrate
By Application
Boric Acid, Fiberglass, Enamel, Detergent
By Companies
RTM, Eti, Searles, RUSSIAN BOR, QUIBORAX, SRL, INKABOR, Dalian Jinma, Fengcheng, Kuandian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Borax Market Report Segments:
The global Borax market is segmented on the basis of:
Types
Anhydrous Borax, Borax Pentahydrate, Borax Decahydrate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Boric Acid, Fiberglass, Enamel, Detergent
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RTM
- Eti
- Searles
- RUSSIAN BOR
- QUIBORAX
- SRL
- INKABOR
- Dalian Jinma
- Fengcheng
- Kuandian
Highlights of The Borax Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Anhydrous Borax
- Borax Pentahydrate
- Borax Decahydrate
- By Application:
- Boric Acid
- Fiberglass
- Enamel
- Detergent
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Borax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Borax is a mineral that is found in nature. It is a soft, white, granular material that can be easily crushed. Borax is used as an insecticide and fungicide.
Some of the key players operating in the borax market are RTM, Eti, Searles, RUSSIAN BOR, QUIBORAX, SRL, INKABOR, Dalian Jinma, Fengcheng, Kuandian.
The borax market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Borax Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Borax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Borax Market - Supply Chain
4.5. Global Borax Market Forecast
4.5.1. Borax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Borax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Borax Market Absolute $ Opportunity
5. Global Borax Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Borax Market Size and Volume Forecast by Type
5.3.1. Anhydrous Borax
5.3.2. Borax Pentahydrate
5.3.3. Borax Decahydrate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Borax Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Borax Market Size and Volume Forecast by Application
6.3.1. Boric Acid
6.3.2. Fiberglass
6.3.3. Enamel
6.3.4. Detergent
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Borax Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Borax Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Borax Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Borax Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Borax Demand Share Forecast, 2019-2029
9. North America Borax Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Borax Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Borax Market Size and Volume Forecast by Application
9.4.1. Boric Acid
9.4.2. Fiberglass
9.4.3. Enamel
9.4.4. Detergent
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Borax Market Size and Volume Forecast by Type
9.7.1. Anhydrous Borax
9.7.2. Borax Pentahydrate
9.7.3. Borax Decahydrate
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Borax Demand Share Forecast, 2019-2029
10. Latin America Borax Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Borax Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Borax Market Size and Volume Forecast by Application
10.4.1. Boric Acid
10.4.2. Fiberglass
10.4.3. Enamel
10.4.4. Detergent
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Borax Market Size and Volume Forecast by Type
10.7.1. Anhydrous Borax
10.7.2. Borax Pentahydrate
10.7.3. Borax Decahydrate
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Borax Demand Share Forecast, 2019-2029
11. Europe Borax Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Borax Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Borax Market Size and Volume Forecast by Application
11.4.1. Boric Acid
11.4.2. Fiberglass
11.4.3. Enamel
11.4.4. Detergent
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Borax Market Size and Volume Forecast by Type
11.7.1. Anhydrous Borax
11.7.2. Borax Pentahydrate
11.7.3. Borax Decahydrate
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysi
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Borax Demand Share, 2019-2029
12. Asia Pacific Borax Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Borax Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Borax Market Size and Volume Forecast by Application
12.4.1. Boric Acid
12.4.2. Fiberglass
12.4.3. Enamel
12.4.4. Detergent
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Borax Market Size and Volume Forecast by Type
12.7.1. Anhydrous Borax
12.7.2. Borax Pentahydrate
12.7.3. Borax Decahydrate
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Borax Demand Share, 2019-2029
13. Middle East & Africa Borax Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Borax Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Borax Market Size and Volume Forecast by Application
13.4.1. Boric Acid
13.4.2. Fiberglass
13.4.3. Enamel
13.4.4. Detergent
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Borax Market Size and Volume Forecast by Type
13.7.1. Anhydrous Borax
13.7.2. Borax Pentahydrate
13.7.3. Borax Decahydrate
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Borax Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Borax Market: Market Share Analysis
14.2. Borax Distributors and Customers
14.3. Borax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. RTM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eti
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Searles
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. RUSSIAN BOR
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. QUIBORAX
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SRL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. INKABOR
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dalian Jinma
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fengcheng
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kuandian
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook