Quick Summary:
In the rapidly evolving and expanding global borax industry, having accurate, comprehensive, and authoritative market intelligence is not just beneficial but critical to maintaining a competitive edge. Our exhaustive market report, projecting the phenomenal growth to reach $2.7 billion by 2030, provides unparalleled insights, forecasts, and analyses you need to make informed strategic decisions in steering your business towards successful market navigation.
This research report offers broad coverage on geographic markets including the U.S., China, Japan, Canada, and Germany, featuring the growth trends, market size, and competitive landscape of each. With our report, you get privileged access to online interactive peer-to-peer collaborative bespoke updates, a comprehensive research platform, and complimentary updates for a year. Our dedicated focus on borax industry-specific concerns gives your business the strategic advantage of superior knowledge, foresight, and actionable data.
Global Borax Market to Reach $2.7 Billion by 2030
The global market for Borax estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2022-2030. Fiberglass, one of the segments analyzed in the report, is projected to record 9.8% CAGR and reach US$1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Borosilicate Glass segment is readjusted to a revised 9.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $358.2 Million, While China is Forecast to Grow at 13.6% CAGR
The Borax market in the U.S. is estimated at US$358.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$611.4 Million by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 43 Featured) -
- Dalian Jinma
- Eti
- Fengcheng
- INKABOR
- Kuandian
- QUIBORAX
- RTM
- RUSSIAN BOR
- Searles
- SRL
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Borax?
What is the growth rate of the Global Market for Borax?
What is the forecasted size of the Global Market for Borax?
Who are the key companies in the Global Market for Borax?
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 2.7 Billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Dalian Jinma
- Eti
- Fengcheng
- INKABOR
- Kuandian
- QUIBORAX
- RTM
- RUSSIAN BOR
- Searles
- SRL
