What is Global Elemental Boron Market?
The Global Elemental Boron Market is a vast and dynamic sector that deals with the production, distribution, and consumption of elemental boron. Elemental boron is a chemical element with the symbol B and atomic number 5. It is produced entirely by cosmic ray spallation and supernovae and not by stellar nucleosynthesis. It is a low-abundance element in the Solar system and in the Earth's crust. Boron is concentrated on Earth by the water-solubility of its more common naturally occurring compounds, the borate minerals. These are mined industrially as evaporites, such as borax and kernite. The largest known boron deposits are in Turkey, the largest producer of boron minerals. Elemental boron is a metalloid that is found in small amounts in meteoroids but chemically uncombined boron is not otherwise found naturally on Earth. Industrially, very pure boron is produced with difficulty because of refractory contamination by carbon or other elements. Several allotropes of boron exist: amorphous boron is a brown powder; crystalline boron is silvery to black, extremely hard (about 9.5 on the Mohs scale), and a poor electrical conductor at room temperature. The primary use of elemental boron is as boron filaments with applications similar to carbon fibers in some high-strength materials.
Amorphous Boron, Crystalline Boron in the Global Elemental Boron Market:
The Global Elemental Boron Market is segmented into two main categories: Amorphous Boron and Crystalline Boron. Amorphous Boron is a brown powder that is used in pyrotechnic flares to provide a distinctive green color, and in rockets as an igniter. It is also used in the semiconductor industry. On the other hand, Crystalline Boron is silvery to black, extremely hard, and a poor electrical conductor at room temperature. It is used in bulletproof vests and tanks and in the control rods of nuclear reactors. It is also used in the production of boron filaments, which are used in the aerospace industry and in sports equipment. The Global Elemental Boron Market is dominated by a few key players who hold a significant share of the market. However, the market is also characterized by the presence of several small and medium-sized enterprises that contribute to the market's growth.
Metallurgy, Automotive, Aerospace and Defense, Ceramics, Other in the Global Elemental Boron Market:
The Global Elemental Boron Market finds its applications in various sectors such as Metallurgy, Automotive, Aerospace and Defense, Ceramics, among others. In Metallurgy, boron is used as a hardening agent, a high-temperature buffer, and a refining aid. In the Automotive industry, boron is used in the production of boron steel which is used in car safety systems due to its high strength and light weight. In the Aerospace and Defense sector, boron is used in the production of rocket fuel and in the manufacture of body armor and bulletproof vests. In the Ceramics industry, boron is used in the production of borosilicate glass, which is resistant to thermal shock. Other applications of boron include its use in the production of detergents, as a component in the manufacture of fiberglass, and as a micronutrient in agriculture.
Global Elemental Boron Market Outlook:
The Global Elemental Boron Market, which was valued at US$ 53 million in 2022, is projected to reach a value of US$ 69 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2029. The market is dominated by the top five manufacturers who collectively hold a share of about 66%. In terms of product segmentation, Amorphous Boron holds the largest share, accounting for over 87% of the market. This data provides a snapshot of the current state of the Global Elemental Boron Market and serves as a valuable guide for potential investors, manufacturers, and suppliers in this market.
| Report Metric | Details |
| Report Name | Elemental Boron Market |
| Accounted market size in 2022 | US$ 53 in million |
| Forecasted market size in 2029 | US$ 69 million |
| CAGR | 3.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | SB Boron, Pavezyum Kimya, Höganäs, Noah Technologies Corporation, Borman（Tronox）, New Metals and Chemicals, YingKou Liaobin Fine Chemicals, Baoding Pengda New Material Technology, Dandong Chemical Engineering Institute (DCEI), SkySpring Nanomaterials |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
