Market Overview:
The global sodium borate 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 washing powder, glass, gem, and other applications. Sodium borate is used as an additive in these applications to improve their performance. In addition, the growing demand for environmentally friendly products is also driving the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Sodium Borate is a salt of boric acid and sodium hydroxide. It is a colorless solid that dissolves in water to give the borate ion, [BO3]−. Sodium Borate is used as an insecticide, antiseptic, and flame retardant.
Crystal:
Crystal is a solid material produced by the alignment of molecules in a particular way. Crystals have different structures and sizes, based on their functions and applications. Sodium borate is used as an additive for polyvinyl chloride (PVC) resin to improve its chemical resistance properties. It also helps to increase the strength of resins that are used in pipes, joints, and other construction materials that require high-temperature resistance.
Powder:
Powder is a mixture of boron, sulfur and other impurities. It is produced by the reaction between boric acid and lime (calcium oxide) in an electric arc furnace. Boron nitride, also known asBN or tungsten disulfide,is formed when powder is exposed to moist air; it has high thermal conductivity and low electrical conductivity.
Application Insights:
The washing powder segment led the market and accounted for more than 35% of the global sodium borate demand in 2017. The growth is attributed to rising use of detergents in various applications including automotive, industrial, and household. In addition, increasing consumer preference for a clean environment owing to growing concerns about hygiene is expected to propel product demand over the forecast period.
The medicine segment was valued at USD 1.5 million in 2017.
Regional Analysis:
Asia Pacific sodium borate market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing consumer disposable income levels in emerging economies such as China, India, Indonesia, Malaysia and Thailand. In addition, rising demand for washing powder due to growing population has resulted in a significant increase in production capacity of washing soda across these countries over the past few years. This trend is projected to continue over the next eight years thereby driving growth across this region.
Europe was estimated as having been one of the largest markets for sodium borate with a volume share of around 25% in 2017 owing high consumption levels coupled with Gem processing industry located primarily along Spain border which accounted for majority share within this region. The gemstone industry has witnessed an upsurge due mainly on increased demand from U .S.
Growth Factors:
- Increasing demand from end-use industries such as textiles, detergents, and pulp and paper is expected to drive the sodium borate market growth over the forecast period.
- Sodium borate is used as a flame retardant in various applications such as construction materials, insulation materials, carpets & rugs, and furniture upholstery which is further expected to fuel the market growth.
- Growing environmental concerns among consumers regarding hazardous chemicals used in various applications is projected to propel the demand for sodium borate over the next few years.
- The increasing use of sodium borate in personal care products owing to its skin conditioning properties is another key factor that would fuel its demand during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Borate Market Research Report
By Type
Crystal, Powder
By Application
Washing Powder, Glass, Gem, Medicine, Other
By Companies
Etimine, Larderello, Quiborax, Rio Tinto Group, Etimine
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Borate Market Report Segments:
The global Sodium Borate market is segmented on the basis of:
Types
Crystal, Powder
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
Washing Powder, Glass, Gem, Medicine, Other
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
- Larderello
- Quiborax
- Rio Tinto Group
- Etimine
Highlights of The Sodium Borate 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:
- Crystal
- Powder
- By Application:
- Washing Powder
- Glass
- Gem
- Medicine
- Other
- 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 Sodium Borate 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?
Sodium borate is a chemical compound with the formula NaBO3. It is a white powder that is soluble in water and most other organic solvents. Sodium borate has many industrial applications, including as an agricultural pesticide and fertilizer additive.
Some of the key players operating in the sodium borate market are Etimine, Larderello, Quiborax, Rio Tinto Group, Etimine.
The sodium borate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Borate 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 Sodium Borate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Borate 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 Sodium Borate 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 Sodium Borate Market Size & Forecast, 2020-2028
4.5.1 Sodium Borate Market Size and Y-o-Y Growth
4.5.2 Sodium Borate 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 Crystal
5.2.2 Powder
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 Washing Powder
6.2.2 Glass
6.2.3 Gem
6.2.4 Medicine
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Borate 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 Sodium Borate 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 Crystal
9.6.2 Powder
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 Washing Powder
9.10.2 Glass
9.10.3 Gem
9.10.4 Medicine
9.10.5 Other
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 Crystal
10.6.2 Powder
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 Washing Powder
10.10.2 Glass
10.10.3 Gem
10.10.4 Medicine
10.10.5 Other
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 Crystal
11.6.2 Powder
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 Washing Powder
11.10.2 Glass
11.10.3 Gem
11.10.4 Medicine
11.10.5 Other
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 Crystal
12.6.2 Powder
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 Washing Powder
12.10.2 Glass
12.10.3 Gem
12.10.4 Medicine
12.10.5 Other
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 Crystal
13.6.2 Powder
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 Washing Powder
13.10.2 Glass
13.10.3 Gem
13.10.4 Medicine
13.10.5 Other
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 Sodium Borate Market: Competitive Dashboard
14.2 Global Sodium Borate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Etimine
14.3.2 Larderello
14.3.3 Quiborax
14.3.4 Rio Tinto Group
14.3.5 Etimine
