BORON
MARKET

The borates market typically grows at levels equal to, or above GDP growth in key demand markets.

Increased demand for agricultural applications continues with Africa and India showing improved adoption of using borates as a micro-nutrient to increase crop productivity. Heightened demand for refined borates products and boric acid reflect increased consumption in both agriculture and industrial markets.

Continued market growth at approximately GDP rates or above is expected, driven by innovation in the boro-silicate glass industry and fracking in the Americas, as well as increasing and more widespread consumption of borates in agricultural applications.

GLOBAL REFINED BORATES DEMAND B2O3 KT

REFINED BORATES MARKET

  • Overall 4.5% CAGR from 2013 to 2018
  • Growth driven by Agriculture (6%), Borosilicate Glass (4%)
  • As the market continues to improve, Insulation Fibre Glass in the North American housing market will also stimulate growth.

B2O3 KT

MINERAL BORATES MARKET

  • Overall 4% CAGR from 2013 to 2018
  • Growth driven by Agriculture (6%), Insulation Fiber Glass (4%) and Frits and Ceramics (4%)
  • Minerals used in Asia for direct use and conversion to refined products and in North / South America directly in end-uses.

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