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 while Africa and India show improved adoption of using borates as a micronutrient to increase crop productivity. Heightened demand for refined borates products and boric acid reflect increased consumption in agriculture applications and within chemical feedstocks.

Continued market growth at approximately GDP rates or above is expected, driven by innovation in Asia’s 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 in the Americas and Asia (6%), Borosilicate Glass in China (4%)
  • As the market continues to improve, Insulation Fiber 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 conversion to refined products and in North/South America directly in end-uses
  • Fracking application is developing in North America based on ulexite

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