Boron Compound Market to Reach Us$3.15 Billion by 2020 Owing to Rising Demand for Boric Acid

Transparency Market
Research

Boron Compounds Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2014 – 2020

Published Date
26-11-2014

89 Page Report

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Press Release

Boron Compound Market to reach US$3.15 billion by 2020 owing
to Rising Demand for Boric Acid

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Boron Compound Market

REPORT DESCRIPTION

Transparency Market Research has recently released a market study on the global boron compounds
market, in which the market, which stood at US$1.98 billion in 2013, has been estimated to develop at a
CAGR of 6.9% during the period from 2014 to 2020 and reach US$3.15 billion by the end of the forecast
period.The study, titled “Boron Compounds Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020”, states that the production volume of boron compounds
was 1,759 kilo tons in 2013.Further, it determines that the rise in demand for boric acid, an oxidation
product of boron, from the ceramic tile industry is the key factor driving the global market for boron
compounds. In addition to this, the increasing application of boric acid in fiberglass is poised to fuel the
market, globally, over the forecast period.
The report also discusses the challenges faced by the worldwide boron compound market. Abundant
availability of alternatives is one of the major issues that the global market face. Apart from this, boron ore
reserves have limited availability and are concentrated in certain regions, which makes it difficult for
companies in other regions to operate effectively.The boron compounds market is evaluated on the basis
of products, applications, and regional markets in this market study to offer a comprehensive picture of the
overall industry.
Browse the full Boron...