Boron Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 161 SKU: IRTNTR77659

Boron Market Forecast 2024-2028

The Boron Market size is forecast to increase by USD 1.53 billion at a CAGR of 10.13% between 2023 and 2028. 

The market's growth rate is influenced by various factors, including the escalating demand from developing nations, the increasing need for energy-efficient buildings, and the upsurge in consumer disposable income. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.

What will be the Market Size During the Forecast Period?

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Market Definition 

Boron is a chemical element and has properties of both metals and non-metals. It is an essential nutrient for plants and is used in various industrial applications such as the manufacturing of glass, ceramics, and detergents. It is also used in nuclear reactors as a neutron-absorbing material and in some medical applications such as cancer therapy.

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Market Dynamics

The market is driven by increased demand for fiberglass and boron-related products across various industries. Key sectors like the ceramics industry and semiconductor manufacturing rely on boron for its unique properties, such as thermal expansion and shock resistance. The use of boron in precision agriculture, incorporating technologies like GPS and sensors, is a notable trend. However, environmental concerns and the need for sustainable farming techniques present challenges. Overall, the rising demand for boron in diverse applications, from semiconductors to agriculture, defines the market's dynamic landscape. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

An increase in demand from developing countries is notably driving the market. The demand for boron from developing countries such as China, India, Brazil, Mexico, the Philippines, and Indonesia is expected to increase in the next five years. Many companies with boron consumption are shifting their manufacturing units to these regions due to factors like low transportation costs, easy land availability, cheap labor, easy access to raw materials, and less stringent government regulations and policies.

The expanding population, high disposable income, increasing purchasing power, and increasing environmental concerns in developing countries of APAC and South America are prompting higher investments in the ceramics sector and the pharmaceutical and cosmetics industries. The growing use of boron to manufacture semiconductors, transistors, glass, and ceramics is expected to foster the market's growth. The increase in foreign direct investment (FDI) in countries like India is expected to drive the growth of the regional manufacturing and construction markets. The growing construction activities in APAC and the Middle East will boost the demand for boron. Hence, such factors will drive market growth during the forecast period.

Significant  Market Trends 

Growing demand from the renewable energy sector is an emerging trend in the market. The increasing demand for heat-resistant borosilicate glass used in solar thermal heating is expected to foster the growth of the market.  In addition, to domestic solar heating systems, the glass tube has a solar collector to capture solar energy. Furthermore, the industrial version of a solar power plant uses glass tubes with a large diameter to carry the heat transfer fluid.

Moreover, due to the declining cost of solar technologies as well as the anticipation of a more carbon-constrained future, the growth of the global renewable energy industry is driven by the establishment of solar projects by energy corporations and utilities. Furthermore, governments across different regions are focusing on developing solar energy systems. Hence, such factors will drive market growth during the forecast period.

Major Challenge

Stringent regulations and policies are a major challenge hindering market growth. The vigilant regulations from regulatory agencies, including the Environmental Protection Agency (EPA) operating in the US and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), which is a European Union (EU) regulatory body, on the use of this chemical for various industrial applications, such as agriculture, pharmaceutical, and cosmetics.

Moreover, in the US, the Occupational Safety and Health Administration (OSHA) sets regulations related to workplace safety, including exposure limits for airborne fibers, such as those from glass and glass fiber. In addition, the EPA regulates the environmental impact of processes involved in manufacturing glass fiber, particularly air and water emissions, waste disposal, and compliance with hazardous waste management regulations. Hence, such regulations will hinder the growth of the global market during the forecast period.

Segmentation by Application, End-user, and Geography

Application Analysis 

The glass segment is estimated to witness significant growth during the forecast period. Boron is a main ingredient in the manufacturing of glass, particularly borosilicate glass, textile fiberglass, and insulation fiberglass (IFG). In addition, it provides high thermal resistance, chemical durability, breakage index, and brightness of glass, which makes it suitable for the production of a variety of glasses, including laboratory glassware, kitchenware, and high-quality optical lenses.

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The glass segment was the largest segment and was valued at USD 889.86 million in 2018. Moreover, in reinforcement fiberglass (RFG) and IFG, the use of it improves the fiberizing efficiency and fluxing capabilities of the batch. In addition, with its scratch resistance, electrical neutrality, high strength, and chemical resistance, the demand for this chemical in the production of borosilicate glass is increasing. Furthermore, these glasses are widely used in the production of pharmaceutical packaging, thin film transistor liquid crystal display (TFT-LCD) glass, and liquid crystals. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

End-user Analysis 

Based on the end-user, the market has been segmented into construction, agriculture, personal care, automotive, and others. The construction segment will account for the largest share of this segment. Boron and its compounds are used in various construction materials and processes due to their strength, durability, and resistance to thermal shock. In addition, there has been growing interest in boron for its potential use in advanced construction materials, such as boron carbide for abrasion-resistant coatings and boron nitride for high-temperature applications. Moreover, some of the major applications in the construction sector. Furthermore, it is one of the hardest known materials and is used in the production of abrasives, cutting tools, and wear-resistance coatings used in the construction of cutting and drilling equipment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Region Analysis

APAC is estimated to contribute 55% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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In APAC, the increasing demand for boron from the glass and ceramics, pharmaceutical and cosmetics, and detergent industries is expected to drive market growth in the region. In addition, the demand for IFT glass for energy-efficient buildings and the use of this chemical in the production of gypsum board and ceramic and enamel coating in the construction industry will fuel the growth of the regional market. Furthermore, the growing demand for glass and ceramics from the construction industry in developing countries such as India and China is expected to foster the growth of the APAC market. Hence, such factors are driving the market growth in APAC during the forecast period.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

3M Co: The company offers boron such as Boron Carbide, Boron Carbide Abrasive powders, and 10B Enriched Boron.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Alpha Chemika, American Borate Co., Boron Rubbers India, Boron Specialties LLC, Central Drug House P Ltd., Eti Maden isletmeleri Genel Mudurlugu, Goodfellow Cambridge Ltd., Minera Santa Rita Srl, MSE Supplies LLC, NANOGRAFI Co. Inc., Nanoshel LLC, Orocobre Ltd., Quiborax, Rose Mill Co., SB Boron Corp., SCL Italia Spa, Stanford Advanced Materials, Welvic Australia Pty Ltd., and Rio Tinto Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Glass
    • Fertilizers
    • Ceramics
    • Detergents
    • Others
  • End-user Outlook
    • Construction
    • Agriculture
    • Personal care
    • Automotive
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is closely tied to various end-user industries, driven by the consumption of boron, denoted by the chemical symbol "B" and atomic number 5. As a metalloid naturally occurring in the Earth's crust, boron is sourced from borate minerals. While its scarcity is a consideration, boron finds extensive use in the ceramics sector, contributing to the thermal expansion and thermal shock resistance of glass products, heat-resistant ceramics, and other applications in the ceramics and glass industries. In the electronics sector, boron plays a pivotal role in semiconductor manufacturing, particularly as a key material for P-type semiconductors used in transistors and diodes. Its unique properties facilitate the controlled flow of electric current in semiconductor devices.

However, extraction raises environmental concerns due to potential habitat destruction and water resource utilization, prompting sustainability concerns and environmental restrictions. Mitigating these challenges requires comprehensive operating strategies, including environmental impact evaluations and the development of extraction techniques that minimize harm to flora and wildlife. Moreover, the market intersects with precision agriculture, where the adoption of advanced agricultural techniques contributes to sustainable practices and environmental conservation. Overall, the market is intricately linked to diverse industries, necessitating a balance between technological advancements and environmental responsibility.

The market is influenced by various factors, including Boron consumption in key industries such as the glass industry and ceramics industry. Its role as a crucial element in P-type semiconductor materials impacts electric current flow in electronic components like transistors and diodes. However, Boron's extraction through mining raises concerns related to water resource use and potential environmental impact, leading to the exploration of mitigation methods. The diverse applications of Boron extend to textile-type fiberglass, insulation-type fiberglass, and collaborations with stakeholders like Searles Valley Minerals, contributing to production capacity and innovation in the market. Stakeholders, including glass container manufacturers and flat glass manufacturers, rely on Boron for glass fiber production, emphasizing its integral role in various industries.

In agriculture, it plays a vital role in the adoption of Agriculture Techniques like precision farming, utilizing technologies such as GPS, sensors, and data analytics. It contributes to micronutrient management, ensuring crop health and quality. Boron-containing fertilizers enhance nitrogen uptake and support sustainable farming practices. The market dynamics are further influenced by global factors, including trade sanctions and the intricacies of global supply chain networks. In summary, the market is intricately tied to technological advancements, environmental considerations, and global demand across diverse sectors, driving innovations and sustainable practices.

Market Scope

Report Coverage

Details

Page number

161

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.13%

Market Growth 2024-2028

USD 1.53 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

12.75

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 55%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Alpha Chemika, American Borate Co., Boron Rubbers India, Boron Specialties LLC, Central Drug House P Ltd., Eti Maden isletmeleri Genel Mudurlugu, Goodfellow Cambridge Ltd., Minera Santa Rita Srl, MSE Supplies LLC, NANOGRAFI Co. Inc., Nanoshel LLC, Orocobre Ltd., Quiborax, Rose Mill Co., SB Boron Corp., SCL Italia Spa, Stanford Advanced Materials, Welvic Australia Pty Ltd., and Rio Tinto Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global boron market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global boron market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Glass - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Glass - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Glass - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Glass - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Glass - Year-over-year growth 2023-2028 (%)
    • 6.4 Fertilizers - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Fertilizers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Fertilizers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Fertilizers - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Fertilizers - Year-over-year growth 2023-2028 (%)
    • 6.5 Ceramics - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Ceramics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Ceramics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Ceramics - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Ceramics - Year-over-year growth 2023-2028 (%)
    • 6.6 Detergents - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Detergents - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Detergents - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Detergents - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Detergents - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Construction - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Construction - Year-over-year growth 2023-2028 (%)
    • 7.4 Agriculture - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Agriculture - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Agriculture - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Agriculture - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Agriculture - Year-over-year growth 2023-2028 (%)
    • 7.5 Personal care - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Personal care - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Data Table on Personal care - Market size and forecast 2023-2028 ($ million)
      • Exhibit 70: Chart on Personal care - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Personal care - Year-over-year growth 2023-2028 (%)
    • 7.6 Automotive - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 74: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 78: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 80: Market opportunity by End-user ($ million)
      • Exhibit 81: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 84: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 99: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 111: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 123: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 124: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 125: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ million)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 135: 3M Co. - Overview
              • Exhibit 136: 3M Co. - Business segments
              • Exhibit 137: 3M Co. - Key news
              • Exhibit 138: 3M Co. - Key offerings
              • Exhibit 139: 3M Co. - Segment focus
            • 12.4 American Borate Co.
              • Exhibit 140: American Borate Co. - Overview
              • Exhibit 141: American Borate Co. - Product / Service
              • Exhibit 142: American Borate Co. - Key offerings
            • 12.5 Boron Specialties LLC
              • Exhibit 143: Boron Specialties LLC - Overview
              • Exhibit 144: Boron Specialties LLC - Product / Service
              • Exhibit 145: Boron Specialties LLC - Key offerings
            • 12.6 Eti Maden isletmeleri Genel Mudurlugu
              • Exhibit 146: Eti Maden isletmeleri Genel Mudurlugu - Overview
              • Exhibit 147: Eti Maden isletmeleri Genel Mudurlugu - Product / Service
              • Exhibit 148: Eti Maden isletmeleri Genel Mudurlugu - Key offerings
            • 12.7 Goodfellow Cambridge Ltd.
              • Exhibit 149: Goodfellow Cambridge Ltd. - Overview
              • Exhibit 150: Goodfellow Cambridge Ltd. - Product / Service
              • Exhibit 151: Goodfellow Cambridge Ltd. - Key offerings
            • 12.8 Minera Santa Rita Srl
              • Exhibit 152: Minera Santa Rita Srl - Overview
              • Exhibit 153: Minera Santa Rita Srl - Product / Service
              • Exhibit 154: Minera Santa Rita Srl - Key offerings
            • 12.9 Nanoshel LLC
              • Exhibit 155: Nanoshel LLC - Overview
              • Exhibit 156: Nanoshel LLC - Product / Service
              • Exhibit 157: Nanoshel LLC - Key offerings
            • 12.10 Orocobre Ltd.
              • Exhibit 158: Orocobre Ltd. - Overview
              • Exhibit 159: Orocobre Ltd. - Business segments
              • Exhibit 160: Orocobre Ltd. - Key offerings
              • Exhibit 161: Orocobre Ltd. - Segment focus
            • 12.11 Quiborax
              • Exhibit 162: Quiborax - Overview
              • Exhibit 163: Quiborax - Product / Service
              • Exhibit 164: Quiborax - Key offerings
            • 12.12 Rio Tinto Ltd.
              • Exhibit 165: Rio Tinto Ltd. - Overview
              • Exhibit 166: Rio Tinto Ltd. - Business segments
              • Exhibit 167: Rio Tinto Ltd. - Key news
              • Exhibit 168: Rio Tinto Ltd. - Key offerings
              • Exhibit 169: Rio Tinto Ltd. - Segment focus
            • 12.13 Rose Mill Co.
              • Exhibit 170: Rose Mill Co. - Overview
              • Exhibit 171: Rose Mill Co. - Product / Service
              • Exhibit 172: Rose Mill Co. - Key offerings
            • 12.14 SB Boron Corp.
              • Exhibit 173: SB Boron Corp. - Overview
              • Exhibit 174: SB Boron Corp. - Product / Service
              • Exhibit 175: SB Boron Corp. - Key offerings
            • 12.15 SCL Italia Spa
              • Exhibit 176: SCL Italia Spa - Overview
              • Exhibit 177: SCL Italia Spa - Product / Service
              • Exhibit 178: SCL Italia Spa - Key offerings
            • 12.16 Stanford Advanced Materials
              • Exhibit 179: Stanford Advanced Materials - Overview
              • Exhibit 180: Stanford Advanced Materials - Product / Service
              • Exhibit 181: Stanford Advanced Materials - Key offerings
            • 12.17 Welvic Australia Pty Ltd.
              • Exhibit 182: Welvic Australia Pty Ltd. - Overview
              • Exhibit 183: Welvic Australia Pty Ltd. - Product / Service
              • Exhibit 184: Welvic Australia Pty Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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