Boron Compounds Market to Observe Strong Development | 2020
A
recent report published by Transparency Market Research pegs the
value of the global boron compounds market at US$1.98 bn in 2013. The
market, according to the report, is likely to reach an estimated
valuation of US$3.15 bn by the end of 2020. If the figures hold true,
the market will exhibit a positive CAGR of 6.9% during the
aforementioned forecast period. The report is titled “Boron
Compounds Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020” and is available on the company
website for sale.
Read
Report Overview @
The
report presents a comprehensive overview of the global boron
compounds market and provides insights into the factors that are
likely to drive or restrain the growth of the market. Based on
in-depth research, the report states that the total production volume
of boron compounds stood at 1,759 kilo tons in 2013.
Increasing
demand from the ceramic tile industry for boric acid, which is an
oxidized product derived from boron, will push the demand for boron
compounds. Furthermore, rising application of boric acid in
fiberglass is also anticipated to fuel demand from the global boron
compounds market, states the report. While growth prospects for the
market may seem rather positive, abundant availability of close
substitutes is a major threat that might hinder its progress in the
long run. The limited availability of boron ore, concentrated only in
a few regions around the world, also makes it difficult for companies
in the industry to ensure smooth operation. With an aim to present an
executive-level snapshot of the market, the report studies in great
detail every factor that is likely to have an impact on the growth
trajectory of the global boron compounds market.
The
boron compounds market comprises borax, boric acid, and other
compounds such as boron oxide, sodium metaborate, boron trifluoride,
and sodium perborate. Of these, the demand for boric acid, as per the
report, is anticipated to register the fastest growth. In this
regard, a lead TMR analyst said, “Increasing application of boric
acid in the production of fiberglass and borosilicate glass boosts
its demand in the global market”.
Other
boron compounds including boron oxide, sodium metaborate, boron
trifluoride, and sodium perborate collectively held 19.1% of the
global boron compounds market in 2013. In terms of application, the
global market for boron compounds is segmented into agriculture,
borosilicate glass, soaps, ceramics, detergents, fiberglass, and
others. In 2013, the market was led by the fiberglass segment, which
accounted for 31% of the total market.
Request
to view Sample Report:
In
terms of geography, the boron compounds market in Asia Pacific led
the global boron compounds market in 2013. TMR analysts project the
market to expand at a CAGR of 6% between 2014 and 2020. During the
same period, the boron compounds markets in North America and Europe
are likely to exhibit a moderate growth rate. The report profiles
leading companies operating in the market to study its competitive
landscape. The companies profiled in the report include Borax Morarji
Ltd., AkzoNobel, Boron Compoundss Ltd., Eti Maden, ESK Ceramics, and
BASF.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment