What is Global Elemental Boron Market?
The Global Elemental Boron Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of elemental boron across the globe. Elemental boron, a metalloid chemical element, is a crucial component in a variety of industries due to its unique properties such as hardness, resistance to oxidation at room temperature, and ability to conduct electricity at high temperatures. The market's value was estimated at US$ 53 million in 2023 and is projected to grow to US$ 69 million by 2030. This growth is driven by the increasing demand for elemental boron in various sectors, including metallurgy, automotive, aerospace and defense, ceramics, and others. The market is also influenced by the strategies of key players, technological advancements, and regulatory policies in different regions.
Amorphous Boron, Crystalline Boron in the Global Elemental Boron Market:
The Global Elemental Boron Market is segmented into two main types: Amorphous Boron and Crystalline Boron. Amorphous boron, which accounts for over 87% of the market, is a brown powder that is unreactive to oxygen, water, acids, and alkalis. It is primarily used in the production of boron alloys, in the ignition of rockets, and as a reducing agent in metallurgical processes. On the other hand, crystalline boron is a hard, black material with a brilliant lustre. It is used in abrasive materials for grinding and polishing, in control rods for nuclear reactors, and in the manufacture of strong, lightweight materials for aerospace applications. The market for these two types of elemental boron is influenced by factors such as production capacity, output, demand, price, and gross margin of manufacturers.
Metallurgy, Automotive, Aerospace and Defense, Ceramics, Other in the Global Elemental Boron Market:
Elemental boron is used in a variety of sectors due to its unique properties. In metallurgy, it is used as a hardening agent, a neutron absorber, and a deoxidizer. In the automotive industry, it is used in the production of boron steel, which is stronger and lighter than conventional steel. In the aerospace and defense sector, it is used in the manufacture of rocket fuel igniters, control rods for nuclear reactors, and high-strength, lightweight materials. In ceramics, it is used to increase the toughness and thermal shock resistance of ceramic products. Other uses of elemental boron include the production of borosilicate glass, the manufacture of semiconductors, and the production of catalysts for organic synthesis.
Global Elemental Boron Market Outlook:
The future of the Global Elemental Boron Market looks promising, with a projected growth rate of 3.9% from 2024 to 2030. The market, which was valued at US$ 53 million in 2023, is expected to reach US$ 69 million by 2030. This growth is primarily driven by the increasing demand for elemental boron in various sectors, including metallurgy, automotive, aerospace and defense, ceramics, and others. The market is dominated by the top five manufacturers, who collectively hold a 66% market share. The largest segment of the market is Amorphous Boron, which accounts for over 87% of the market.
| Report Metric | Details |
| Report Name | Elemental Boron Market |
| Accounted market size in 2023 | US$ 53 million |
| Forecasted market size in 2030 | US$ 69 million |
| CAGR | 3.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
