South & Central America Boron Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The boron market in South and Central America is projected to grow from US$ 216.21 million in 2023 to US$ 254.75 million by 2031, reflecting a compound annual growth rate (CAGR) of 2.1% during this period.

Executive Summary and Market Analysis

The increase in the boron market, particularly in Brazil and Argentina, is largely driven by the rising demand in the glass manufacturing sector. Brazilian glass manufacturers are innovating to create advanced glass solutions for various applications in corporate, residential, and institutional buildings. For example, GlassecViracon introduced innovative glass products in November 2019 that enhance thermal and acoustic performance, safety, and aesthetics for construction projects. This trend, alongside a surge in infrastructure development, is expected to significantly boost the boron market.

Additionally, environmental and energy policies are fostering the growth of solar technology in the region. Regulations aimed at improving building energy efficiency are promoting the use of solar glass, which incorporates boron in its production. Notably, Brazil ranked fourth in the US Green Building Council's 2022 list of the top countries for LEED certification, highlighting the increasing adoption of solar glass and its reliance on boron.

Market Segmentation Analysis

The South and Central America boron market can be segmented by derivatives and end-use industries.

1. Derivatives: The market includes borax, boric acid, boron nitride, boron carbide, boron oxide, and others. In 2023, boron nitride emerged as the leading segment.

2. End-Use Industries: The market is also categorized into agrochemicals, glass, ceramics, detergents, pharmaceuticals, electrical and electronics, and others. The glass industry held the largest market share in 2023.

Market Outlook

The utilization of boron nanoparticles is on the rise due to their unique properties and potential applications across various sectors. These nanoparticles are known for their durability, thermal stability, chemical inertness, and neutron absorption capabilities. In aerospace, boron nanoparticles are enhancing the strength and durability of composite materials. Recent research from the ARC Centre of Excellence for Transformative Meta-Optical Systems in June 2023 indicated that hexagonal boron nitride could potentially replace diamond in quantum sensing applications.

Moreover, boron nanoparticles are being explored for targeted drug delivery systems, particularly in cancer treatment. A study published in April 2024 by the American Chemical Society highlighted a boron-containing agent designed for targeted delivery to liver cancer cells using Boron Neutron Capture Therapy. Additionally, boron nitride quantum dots, known as white graphene, are being investigated for their biocompatibility and unique chemical, optical, electrochemical, and catalytic properties, suggesting vast potential in sensing, photocatalysis, chemotherapy, bioimaging, and metal ion detection. The increasing application of boron nanoparticles is anticipated to further stimulate market growth in the coming years.

Country Insights

The South and Central America boron market is primarily composed of Brazil, Argentina, and other regions. Brazil accounted for the largest market share in 2023, being one of the leading glass producers in the area with 3,365 glass manufacturing companies. Sao Paulo is the main hub for glass production in Brazil, which is also benefiting from both domestic and export opportunities.

The agricultural sector in Brazil is a significant driver of economic growth, with the country being the fourth largest global producer of grains such as rice, barley, soybeans, corn, and wheat, contributing to 7.8% of global production according to the Food and Agriculture Organization (FAO). The expansion of the agricultural industry is expected to increase the demand for crop protection chemicals, further driving the boron market in Brazil.

Company Profiles

Key players in the boron market include Hoganas AB, 3M Co, Ube Corporation, Arkema SA, JFE Mineral & Alloy Co Ltd, Tokyo Chemical Industry Co Ltd, Rio Tinto Ltd, Compagnie de Saint Gobain SA, Eti Maden, Nippon Denko Co., Ltd., Stella Chemifa Corporation, FREEMAN (JAPAN) CO., LTD, KROSAKI HARIMA CORPORATION, Washington Mills Electro Minerals Limited, and Boron Specialties LLC. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products.

Product Code: BMIRE00032113

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. South & Central America Boron Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Boron Manufacturers
- 4.3.3 Distributors
- 4.3.4 End-Use Industry

5. South & Central America Boron Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of Glass & Ceramics Industry
- 5.1.2 Surge in Demand from Agrochemicals Industry
5.2 Market Restraints
- 5.2.1 Fluctuations in Boron Prices
5.3 Market Opportunities
- 5.3.1 Growing Investments in Aerospace & Defense Industry
5.4 Future Trends
- 5.4.1 Surging Utilization of Boron Nanoparticles in Several Industries
5.5 Impact of Drivers and Restraints:

6. Boron Market - South & Central America Analysis

6.1 South & Central America Boron Market Volume (Kilo Tons), 2021-2031
6.2 South & Central America Boron Market Volume Forecast and Analysis (Kilo Tons)
6.3 South & Central America Boron Market Revenue (US$ Million), 2023-2031
6.4 South & Central America Boron Market Forecast and Analysis

7. South & Central America Boron Market Volume and Revenue Analysis - by Derivatives

7.1 Borax
- 7.1.1 Overview
- 7.1.2 Borax: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Borax: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Boric Acid
- 7.2.1 Overview
- 7.2.2 Boric Acid: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Boric Acid: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Boron Nitride
- 7.3.1 Overview
- 7.3.2 Boron Nitride: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Boron Nitride: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Boron Carbide
- 7.4.1 Overview
- 7.4.2 Boron Carbide: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Boron Carbide: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Boron Oxide
- 7.5.1 Overview
- 7.5.2 Boron Oxide: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 Boron Oxide: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: South & Central America Boron Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.6.3 Others: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Boron Market Revenue Analysis - by End-use Industry

8.1 Agrochemicals
- 8.1.1 Overview
- 8.1.2 Agrochemicals: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Glass
- 8.2.1 Overview
- 8.2.2 Glass: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Ceramics
- 8.3.1 Overview
- 8.3.2 Ceramics: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Detergents
- 8.4.1 Overview
- 8.4.2 Detergents: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.5 Pharmaceuticals
- 8.5.1 Overview
- 8.5.2 Pharmaceuticals: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.6 Electrical and Electronics
- 8.6.1 Overview
- 8.6.2 Electrical and Electronics: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Boron Market - Country Analysis

9.1 South & Central America
- 9.1.1 South & Central America Boron Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.1 South & Central America Boron Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 South & Central America Boron Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 Brazil: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.3.1 Brazil: South & Central America Boron Market Share - by Derivatives
    - 9.1.1.3.2 Brazil: South & Central America Boron Market Share - by End-use Industry
  - 9.1.1.4 Argentina: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.4.1 Argentina: South & Central America Boron Market Share - by Derivatives
    - 9.1.1.4.2 Argentina: South & Central America Boron Market Share - by End-use Industry
  - 9.1.1.5 Rest of South & Central America: South & Central America Boron Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.5.1 Rest of South & Central America: South & Central America Boron Market Share - by Derivatives
    - 9.1.1.5.2 Rest of South & Central America: South & Central America Boron Market Share - by End-use Industry

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Partnerships and Collaborations

12. Company Profiles

12.1 Nippon Denko Co., Ltd.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Hoganas AB
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 3M Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 UBE Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Arkema SA
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 JFE Mineral & Alloy Co Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Tokyo Chemical Industry Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Rio Tinto Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Compagnie de Saint Gobain SA
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Eti Maden
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
12.11 Stella Chemifa Corporation
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
12.12 FREEMAN (JAPAN) CO., LTD.
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
12.13 KROSAKI HARIMA CORPORATION
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
12.14 Washington Mills Electro Minerals Limited
- 12.14.1 Key Facts
- 12.14.2 Business Description
- 12.14.3 Products and Services
- 12.14.4 Financial Overview
- 12.14.5 SWOT Analysis
- 12.14.6 Key Developments
12.15 Boron Specialties, LLC
- 12.15.1 Key Facts
- 12.15.2 Business Description
- 12.15.3 Products and Services
- 12.15.4 Financial Overview
- 12.15.5 SWOT Analysis
- 12.15.6 Key Developments

13. Appendix

13.1 About Us