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Calcium Borate Market - Forecast (2022 - 2027)

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  • 105 Pages
  • March 2022
  • Region: Global
  • IndustryARC
  • ID: 5616455
The Calcium Borate Market size is forecast to reach $XX million by 2027, after growing at a CAGR of 6.4% during 2022-2027. The main drivers that boost the industry are the use of ceramic and flame retardants in the construction industry. The adoption of flame retardants is driven by a growing number of government regulations to incorporate flame retardant additives for consumer safety, which in turn stimulates the growth of the calcium borate market. Calcium borate is also used in the reinforcement of textile glass fiber. Textile glass fibers are high quality fibers made up of glass used for home furnishing of fabrics, tires, and reinforced plastics. The growing need for increasing the yield of crops is further driving the usage of calcium borate as a fertilizer.

Calcium Borate Market Report Coverage

The report: “Calcium Borate Market- Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Calcium Borate Industry.
  • By Application: Flame Retardants, Ceramic Flux & Glazes, Fertilizer, Reinforced Glass Fiber and others.
  • By End Use Industry: Construction, Automotive, Agriculture and Others.
  • By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • the Asia Pacific dominates the Calcium Borate market, owing to the increasing manufacturing & construction activities in the region due to various government initiatives such as 100 smart cities and Housing for all by 2022 in the region.
  • The growth in the automobile industry is boosting the demand for calcium borate owing to its use in reinforced glass fibers employed in high performance rubber tires.
  • According to OICA, in 2018 the production of light commercial vehicles and heavy trucks increased by 5.9% and 3.5% from 2017. In addition, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally and the number will increase up to 125 million by 2030.
  • Due to the COVID-19 pandemic, most of the countries have gone under lockdown, due to which operations of various industries including construction, automotive and so on has been negatively affected, which is hampering the calcium borate market growth.

Calcium Borate Market Segment Analysis - By Application

Flame retardant held the largest share in the calcium borate market in 2019, owning to wide usage of calcium borate as a flame retardant. Calcium borate releases water vapor and carbon dioxide during their thermal decomposition as a method of overcoming fire. Calcium borate used in combination with halogenated flame retardants due to its synergistic effects. The addition of calcium borate helps reduce smoke density. However, they have recently set up growing applications in halogen-free formulations and are especially effective as partial replacements for hydrated fillers. Calcium borate applied to other flame retardants helps minimize heat release rate and total heat release, helps reduce smoke emissions, and prolongs the time needed for composite ignition. Growth in strict fire safety regulations drives the growth of the calcium borate market.

Calcium Borate Market Segment Analysis - By End Use Industry

The construction segment held the largest share in the calcium borate market in 2019 and is growing at a CAGR of 6.7%. Calcium borates are used in cement production as fluxing agents because they minimize the melt's viscosity and surface tension. Furthermore, these are used in flame retardants, glazes & ceramic flux. The increasing demand from the building & construction industry for flame retardants and ceramics has propelled the calcium borate market. According to the U.S Census bureau, in January 2020 value of construction put in place in residential and nonresidential construction increased to $567,555 million and $470,986 million from $546,532 million and $466,436 million in December 2019. Mexico is also witnessing high housing demand, therefore attracting noticeable investment into construction. For instance, In January 2019, Inter-American Development Bank (IDB) granted a local currency financing program to the Mexican company Procsa up to 150 million Mexican pesos ($7.8 million), in order to financing for land acquisition, development, and commercialization of housing for low and middle-income families in the country. Therefore, the growth in construction projects and investments is driving calcium borate market growth.

Calcium Borate Market Segment Analysis - By Geography

The Asia Pacific held the largest share in the Calcium Borate market in 2019 up to 30%, due to the growth of the construction industry in countries such as India, China, and Singapore due to economic reforms, infrastructural development, and rising per capita income of the individuals. Also, the population growth is resulting in the need for more residential and commercial sectors. The Indian government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. According to the Australian trade and investment commission, the Singapore government spends at least S$2 billion on public infrastructure each month. Also, the government reported Singapore’s average construction demand for 2018 and 2019 between S$26 billion to S$35 billion. China's construction value in 2018 was USD 893.58, according to the International Trade Administration (ITA), and the Chinese construction sector is expected to expand at an annual rate of 5% in real terms between 2019 and 2023. Such investments and initiatives by the government in the APAC region are anticipated to drive the calcium borate market during the forecast period.

Calcium Borate Market Drivers

Increasing demand from various industries

A major factor driving the market for calcium borate is the increasing demand for flame retardants and ceramics in the construction industry. Flame retardants are used to minimize the risk of fire and are used as an important safety function. This role increases the level of protection by increasing the time available to evacuate in the case of a fire. The rising safety regulations have increased the demand in the construction industry for this chemical. In addition, the large-scale consumption of calcium borate has been responsible for the use of calcium borate in the manufacture of ceramic flux for the manufacture of ceramics. The use of calcium borate fertilizers in agricultural farmlands is widespread. These fertilizers are in liquid foliar spray form and are applied using the mechanism of controlled release. The growth of the demand for calcium borate has been spurred by the increasing need to increase the per hectare yield of agricultural crops. Furthermore, the rising GDP of emerging economies is further expected to open new opportunities for the calcium borate market, in the coming years.

Calcium Borate Market Challenges

The high price of calcium borate

The calcium borate production process involves precipitation from the aqueous solution of ulexite. Ulexite is dissolved in hydrochloric acid. Calcium chloride is first added to the acid solution and then neutralized to precipitate the calcium borates. Calcium borates so developed are useful as glass forming, a lot of ingredients that can be compacted into agglomerates and preheated. However, the price of calcium borate is relatively higher than that used for specific applications. They are used in medicines, ceramic glasses, food preservatives, and many more. Therefore, the high price of calcium borate limits the growth of the calcium borate market.

Calcium Borate Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Calcium Borate Market. In 2019, the market of Calcium Borate Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Calcium Borate market includes 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, among others.

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Table of Contents

1. Calcium Borate Market- Market Overview
1.1 Definitions and Scope
2. Calcium Borate Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Application
2.3 Key Trends by End Use Industry
2.4 Key Trends by Geography
3. Calcium Borate Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Calcium Borate Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Calcium Borate Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Calcium Borate Market- By Application (Market Size -$Million / $Billion)
6.1 Flame Retardants
6.2 Ceramic Flux & Glazes
6.3 Fertilizer
6.4 Reinforced Glass Fiber
6.5 Others
7. Calcium Borate Market- By End Use Industry (Market Size -$Million / $Billion)
7.1 Automotive
7.2 Construction
7.3 Agriculture
7.4 Others
8. Calcium Borate Market - By Geography (Market Size -$Million / $Billion)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Rest of South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Russia
8.3.7 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Taiwan
8.4.5 South Korea
8.4.6 Rest of Asia Pacific
8.5 ROW
8.5.1 Middle East
8.5.2 Africa
9. Calcium Borate Market- Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Calcium Borate Market Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more