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Calcium Borate Market is set for a Rapid Growth and is anticipated to grow at a CAGR of around 6.5% between 2019 and 2026

iCrowdNewswire   Oct 6, 20202:20 PM ET

Zion Market Research has published a new report titled “Calcium Borate by Application (Ceramic Flux & Glazes, Fertilizer, Flame Retardants, and Reinforced Glass Fiber), and by End-Use Industry (Automotive, Construction, Agriculture, and Others), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2026.” According to the report, the calcium borate market is anticipated to grow at a CAGR of around 6.5% between 2019 and 2026.

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The global calcium borate market is anticipated to observe significant growth over the years. It is commercially manufactured through a reaction of calcium salts with boric acid. It can also be sourced from ulexite and colemanite ores and has major applications in fertilizers, flame retardants, and ceramic fluxes. U.S. and Turkey have the largest reserves of colemanite and ulexite ores. They then refine it and export calcium borate to other countries. Calcium borate is also used in textile glass fiber reinforcement. The growing need for increasing the yield of crops from farms is a major growth driver of the calcium borate market in agricultural applications.

Based on application the calcium borate market can be segmented into ceramic flux & glazes, fertilizer, flame retardants, and reinforced glass fiber. The rising demand for ceramics and flame retardants in the construction & building industry is a major driver for the calcium borate market. The major use of flame retardants is in reducing the risk of fire. The rapid urbanization has opened up new opportunities for calcium borate in Latin America and Asia Pacific region, especially in emerging economies such as India, China, etc. Additionally, growing governmental regulations and mandates to incorporate flame retardant additives for consumer safety has boosted the market for the calcium borate market. These emerging economies also have an open market in industry sectors such as, automobiles, which is projected to show a large scale demand for calcium borate owing to its use in reinforced glass fibers employed in high-performance rubber tires.

Based on the end-use industry the calcium borate market can be segmented into automotive, construction, agriculture, and others. Calcium borate fertilizers are widely used in agricultural farmland and are basically in the form of a liquid foliar spray which is applied by using a controlled-release mechanism. The rising need for increased per hectare yield of crops has significantly increased the demand calcium borate market.

Some key players in operating in the calcium borate market are Chemtura, Akzonobel N.V, Albemarle Corporation, Clariant AG, BASF SE, Bayer Material Science, Corporation, E.I. Du Pont De Nemours and Company, Hainan Zhongxin Chemical Co., Ltd, Lanxess, Oceanchem Group Limited, Novista Chemicals, Shandong Shouguang Shen Runfa Ocean Chemical Co., Ltd, Weifang Graceland Chemicals Co. Ltd, and Qingdao On-Billion Industrial Co., Ltd among others.

This report segments the global calcium borates market as follows:

Global Calcium Borate Market: Application Segment Analysis

Global Calcium Borate Market: End-Use Industry Segment Analysis

Global Calcium Borate Market: Regional Segment Analysis

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Keywords:    Calcium Borate Market

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