Global Information would like to present a new market research report, "Boron: Global Industry Markets & Outlook, 13th Edition 2015" by Roskill Information Services.
Between the years 2005 and 2008, the global demand for borates experienced strong growth at 8% per year. As the worlds largest boron market, the Chinese market largely drove this growth. Borate consumption in the Chinese market grew astronomically at a rate of 15% per year between 2000 and 2008. A shift in production of textile-grade fiberglass, ceramics, and borosilicate glass away from Europe and North America towards countries with lower production costs is partially illustrated by the rise of market shares held by Asian countries.
Despite a sharp decline in demand for borates in the year 2009, the latter half of the year experienced market recoveries in both borosilicate glass and textile-grade fiberglass. Moreover, demand for borosilicate glass in LCD screens is projected to rise by 15% during 2010. Additionally, restarts in construction activity should help drive a recovering market for insulation-grade fiberglass in the medium term.
Nevertheless, Turkey and the US continue to be the two dominant global suppliers of natural and refined borates; both countries combined account for approximately 75% of the worlds supply. Currently, in terms of grade quality and quantity, Chinese boron is lacking and insufficient to fulfill its domestic demand. Hence, China is presently the largest importer of both boric acid and natural borates.
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