PUBLISHER: The Business Research Company | PRODUCT CODE: 1929345
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929345
Boron refers to the process of extracting boron and its compounds, which are utilized in various applications such as glass manufacturing, pest control, fire retardants, fireworks, and medicine.
The primary types of boron are aerospace composite materials, boronated glasses, and other miscellaneous forms. Boronated glasses specifically pertain to silicate glass containing a minimum of five percent boron oxide, primarily employed in the production of heat-resistant glassware. The various applications of boron encompass glass manufacturing, ceramics, agriculture, and detergents. Mining methods for boron extraction include both underground mining and surface mining.
Tariffs are influencing the boron market by increasing costs of imported mining equipment, processing systems, and specialty refining technologies required for boronated glass and composite materials. Manufacturing hubs in Europe and North America are most affected due to reliance on imported boron intermediates, while Asia-Pacific faces export pricing pressures. These tariffs are raising production costs and impacting supply contracts. However, they are also supporting domestic boron processing, regional material innovation, and long-term supply chain diversification.
The boron market research report is one of a series of new reports from The Business Research Company that provides boron market statistics, including boron industry global market size, regional shares, competitors with a boron market share, detailed boron market segments, market trends and opportunities, and any further data you may need to thrive in the boron industry. This boron market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The boron market size has grown strongly in recent years. It will grow from $3.63 billion in 2025 to $3.88 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of boron mining activities, rising demand from glass manufacturing industries, growth in boron-based chemical production, availability of surface mining reserves, increasing industrial applications of boron compounds.
The boron market size is expected to see steady growth in the next few years. It will grow to $4.57 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to growing adoption of boron in aerospace composites, rising demand for boron-based fire retardants, expansion of specialty glass production, increasing investments in boron refining technologies, growing use of boron in medical applications. Major trends in the forecast period include increasing demand for boron-based advanced materials, growing use of boron in glass and composite manufacturing, expansion of high-purity boron processing, rising focus on lightweight and heat-resistant applications, enhanced integration of boron in specialty chemicals.
The surge in construction activities is expected to drive growth in the boron market in the coming years. Construction activities encompass the various processes, tasks, and operations involved in planning, designing, and building structures or infrastructure. Boron is utilized in construction mainly as a key ingredient in borosilicate glass and fiberglass materials, which offer enhanced thermal and chemical resistance for applications such as windows, insulation, and structural components. For instance, in August 2024, Eurostat, a Luxembourg-based government agency, reported a 1.0% increase in construction production in the euro area from June 2023 to June 2024. Thus, the growing construction activities are contributing to the expansion of the boron market.
Major companies in the boron market are actively developing new products, such as fertilizer formulations, to gain a competitive advantage. Fertilizer products are essential substances applied to soil or plants to supply the nutrients necessary for plant growth and improved crop yields. For instance, in April 2024, Fauji Fertilizer Company Ltd, a Pakistan-based chemical manufacturing firm, launched Sona Boron DAP. This fertilizer contains 18% nitrogen and 46% phosphorus-key macronutrients for plant growth-and includes 0.1% boron, an essential micronutrient that enhances crop development, particularly during the reproductive and fruit-setting stages. This product addresses the critical issue of boron deficiency in Pakistani soils, where approximately 60% of soils are identified as lacking this micronutrient. The formulation ensures the even distribution of boron in the soil, increasing its availability and effectiveness for crops. Such innovations are expected to significantly boost crop production and yield potential, meeting the micronutrient needs of modern agriculture.
In November 2025, Worldwide Diversified Holdings, Inc., a U.S.-based investment firm, acquired a controlling stake in American Lithium Minerals, Inc. for an undisclosed sum. Through this acquisition, Worldwide Diversified seeks to progress its global mineral and rare earth development strategy by utilizing American Lithium Minerals' 1,730-acre property in Nevada that contains lithium and boron, which are essential materials for electric vehicle batteries and advanced manufacturing, thereby reinforcing its portfolio of strategic mineral assets. American Lithium Minerals, Inc. is a U.S.-based mineral exploration company focused on developing lithium and boron resources in Nevada.
Major companies operating in the boron market are Rio Tinto Group, Borusan Holding A.S., Searles Valley Minerals Inc., Ceradyne Inc., Borax Inc., SB Boron Corporation, Boron Molecular PTY. Limited, Gujarat Boron Derivatives Pvt. Ltd., China National Bluestar Group Co. Ltd., Minera Santa Rita SRL (MSR), Qinghai Zhongtian Boron Lithium Mining Co. Ltd., Quiborax S.A., Boron Specialities LLC, Eti Maden Isletmeleri Genel Mudurlugu, Qinghai Huaxia Boron Co. Ltd., Inner Mongolia Mengyuan Boron Co. Ltd., Sichuan Tianli Group Co. Ltd., Henan Sanxing Boron Co. Ltd., Jiangxi Lianyi New Materials Co. Ltd., Xinjiang Yutai Boron Compounds Co. Ltd., Fujian Minnan Borate Co. Ltd., Shanxi Borui New Materials Co. Ltd., Hebei Xin'an Boron New Materials Co. Ltd., Hunan Bolin New Materials Co. Ltd.
Middle East was the largest region in the boron market in 2025. The regions covered in the boron market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the boron market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The boron market includes revenues earned by entities by providing mining for boron compounds such as colemanite, ulexite, tincal, and kernite. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Boron Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses boron market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for boron ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The boron market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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