Market Overview:
The global boric oxide market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for boric oxide in various applications, such as special glasses, refractory, special ceramics, metallurgical industry and others. Additionally, the growing demand for boric oxide from developing countries is also contributing to the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period. On basis on type purity 98%, purity 99.99%, others), by application (special glasses, refractory material ,special ceramics,,metallurgical industry and other), and region (North America,,Latin America Europe Asia Pacific and Middle East & Africa)the global Boric Oxide Market has been segmented into five major regions namely North America,, Latin America Europe Asia Pacific and Middle East & Africa). Among these regions,. North American region holds a dominant position in terms of revenue contribution followed by European region In terms volume consumption .
Product Definition:
Boric oxide is a chemical compound with the formula BO2. It is a white solid that dissolves in water to give boric acid, H3BO3.
Purity 98%:
Purity 98% is a special type of Boron Oxide used in various applications such as glass, ceramics, and metallurgical. It has the ability to crystallize in hexagonal shape which gives it high purity factor. Purity 98% can be produced by chemical or alchemical methods. Chemical method requires expensive technology and time consuming process whereas alchemical method is simpler but costly comparatively.
Purity 99.99%:
Purity 99.99% or P99 is a type of crystalline boric acid that has been characterized by X-ray diffraction analysis as being free from any significant impurities. It is produced synthetically by the fractional crystallization method, which involves cooling of an aqueous solution at or near room temperature to obtain monohydrate crystals and then treating these crystals with pure water to complete the process of purification.
Application Insights:
The market is segmented by application into special glasses, refractory, ceramics, metallurgical industry and others. The special glass segment led the global market in 2017 and is projected to maintain its dominance over the forecast period. This growth can be attributed to factors such as high demand from end-use industries including building & construction and optoelectronics.
Boric oxide has a wide range of applications in the manufacturing of various types of glasses which include crown glass, float glass, bullnose/wedge/crown laminated glass among others. It also finds application as an additive in float Glass process which helps prevent sagging caused due to thermal expansion mismatch between lead content and surrounding steel frame during cooling or heating cycle respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing foreign investments coupled with rising living standards of people. In addition, growing construction activities due to increased disposable income are likely to drive boric oxide demand in Asia Pacific during the forecast period.
The major end-use industries including metallurgical, glass and ceramic are also contributing significantly towards industry growth in this region.
Growth Factors:
- Increasing demand from end-use industries such as textiles, ceramics, and agriculture is expected to drive the growth of the global boric oxide market during the forecast period.
- The increasing use of boric oxide in flame retardants is also projected to fuel the growth of this market in the near future.
- Growing awareness about the benefits of using boric oxide is another key factor that is anticipated to propel its demand over the next few years.
- Rising investments by leading players in research and development activities are likely to boost growth opportunities for this market in forthcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Boric Oxide Market Research Report
By Type
Purity 98%, Purity 99.99%, Others
By Application
Special Glasses, Refractory, Special Ceramics, Metallurgical Industry, Others
By Companies
Etimine USA,Inc., National Borax Corp., U.S. Borax Inc., Henan DaKen Chemical CO.,LTD., Shanghai Zheyan Biotech Co.,Ltd., Strem Chemicals,Inc., Henan Tianfu Chemical Co.,Ltd., CJ Chemicals, SAE Manufacturing Specialties Corp, American Borate Co.
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Boric Oxide Market Report Segments:
The global Boric Oxide market is segmented on the basis of:
Types
Purity 98%, Purity 99.99%, Others
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
Special Glasses, Refractory, Special Ceramics, Metallurgical Industry, Others
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:
- Etimine USA,Inc.
- National Borax Corp.
- U.S. Borax Inc.
- Henan DaKen Chemical CO.,LTD.
- Shanghai Zheyan Biotech Co.,Ltd.
- Strem Chemicals,Inc.
- Henan Tianfu Chemical Co.,Ltd.
- CJ Chemicals
- SAE Manufacturing Specialties Corp
- American Borate Co.
Highlights of The Boric Oxide 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:
- Purity 98%
- Purity 99.99%
- Others
- By Application:
- Special Glasses
- Refractory
- Special Ceramics
- Metallurgical Industry
- Others
- 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 Boric Oxide 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?
Boric oxide is a mineral that is found in the earth's crust. It is a white, crystalline powder that can be used as an abrasive and to improve the performance of paints and coatings.
Some of the key players operating in the boric oxide market are Etimine USA,Inc., National Borax Corp., U.S. Borax Inc., Henan DaKen Chemical CO.,LTD., Shanghai Zheyan Biotech Co.,Ltd., Strem Chemicals,Inc., Henan Tianfu Chemical Co.,Ltd., CJ Chemicals, SAE Manufacturing Specialties Corp, American Borate Co..
The boric oxide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boric Oxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boric Oxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boric Oxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boric Oxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boric Oxide Market Size & Forecast, 2020-2028
4.5.1 Boric Oxide Market Size and Y-o-Y Growth
4.5.2 Boric Oxide Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity 98%
5.2.2 Purity 99.99%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Special Glasses
6.2.2 Refractory
6.2.3 Special Ceramics
6.2.4 Metallurgical Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boric Oxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boric Oxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity 98%
9.6.2 Purity 99.99%
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Special Glasses
9.10.2 Refractory
9.10.3 Special Ceramics
9.10.4 Metallurgical Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity 98%
10.6.2 Purity 99.99%
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Special Glasses
10.10.2 Refractory
10.10.3 Special Ceramics
10.10.4 Metallurgical Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity 98%
11.6.2 Purity 99.99%
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Special Glasses
11.10.2 Refractory
11.10.3 Special Ceramics
11.10.4 Metallurgical Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity 98%
12.6.2 Purity 99.99%
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Special Glasses
12.10.2 Refractory
12.10.3 Special Ceramics
12.10.4 Metallurgical Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity 98%
13.6.2 Purity 99.99%
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Special Glasses
13.10.2 Refractory
13.10.3 Special Ceramics
13.10.4 Metallurgical Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boric Oxide Market: Competitive Dashboard
14.2 Global Boric Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Etimine USA,Inc.
14.3.2 National Borax Corp.
14.3.3 U.S. Borax Inc.
14.3.4 Henan DaKen Chemical CO.,LTD.
14.3.5 Shanghai Zheyan Biotech Co.,Ltd.
14.3.6 Strem Chemicals,Inc.
14.3.7 Henan Tianfu Chemical Co.,Ltd.
14.3.8 CJ Chemicals
14.3.9 SAE Manufacturing Specialties Corp
14.3.10 American Borate Co.
