The global colemanite market has grown steadily in recent years. It will grow from $1.58 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing demand for boron products, growing adoption of colemanite in agriculture, growing urbanization, rise in renewable energy, increasing demand for ceramics.
The global colemanite market is expected to see steady growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to rising construction sector growth, demand form healthcare and pharmaceuticals utilizing colemanite, increasing demand for fertilizers, increasing demand for borosilicate glass. Major trends in the forecast period include advancements in mining and extraction technologies, technological innovation in colemanite processing, international trade and export opportunities, expansion of the glass and ceramics industry, customized colemanite product offerings, sustainability and eco-friendly products, boron-based nanomaterials development.
The increasing need for steel is anticipated to drive the expansion of the colemanite market in the future. Steel, a metal alloy primarily composed of iron, carbon, and trace elements, is renowned for its strength, resilience, and versatility, making it a highly sought-after material. The growing demand for steel has a direct impact on the colemanite market, as colemanite serves as a critical source of boron. Boron, an essential element used as an alloying agent in steel production, significantly enhances steel's strength and performance across various industries. For example, as per the World Steel Association in April 2023, steel demand is projected to rebound by 2.3%, reaching a total of 1,822.3 million metric tons (Mt) in 2023 and 2024. Additionally, steel demand is expected to rise by 1.7%, reaching a capacity of 1,854.0 million metric tons (Mt) in 2024. Hence, the escalating demand for steel is a key driver of the colemanite market's growth.
The growing production of minerals and metals is poised to drive the expansion of the colemanite market in the future. Colemanite, a hydrated calcium borate, plays a vital role in various industrial applications, particularly in the realm of minerals and metals. It serves as a crucial source of boron, enabling the extraction of boron compounds essential for applications such as glass and ceramics, detergents, metal alloys, agrochemicals, and more. For instance, as of May 2023, data from Natural Resource Canada, an official Canadian government source, indicates that the total value of mineral production in Canada for 2021 reached $55.5 billion. This represents a substantial 20% increase compared to the 2020 value of $46.4 billion, with the value of metal production alone experiencing a notable 13% increase in 2020. Thus, the rise in mineral and metal production is a significant driver of the colemanite market's growth.
Environmental concerns are poised to impede the growth of the colemanite market. The extraction and processing of colemanite may have adverse environmental consequences, particularly concerning water resources. The use of chemicals and heavy machinery in colemanite mining can contribute to problems such as soil erosion and water pollution. For instance, as of May 2022, data from ReliefWeb, a US-based source of information on global crises and disasters, reveals that a staggering 380 billion cubic meters of municipal wastewater is generated globally annually. This wastewater production is expected to increase by 24% by 2030 and a substantial 51% by 2050. Thus, mounting environmental concerns are acting as a deterrent to the growth of the colemanite market.
Leading companies in the colemanite market are increasingly focusing on the development of personalized formulations to optimize their market revenue. Customized formulations involve the creation of unique and tailor-made ingredient combinations designed to meet specific needs. For instance, in January 2021, U.S. Borax, Inc., a US-based mining firm, introduced ANHYBOR and ZINCUBOR, two solutions addressing boron and zinc deficiencies in agriculture. ANHYBOR offers versatile applications for fertilizer manufacturers, enhancing the granulation and compaction processes. ZINCUBOR combines zinc and boron in a 2:1 ratio, catering to the diverse requirements of various crops. These innovations are expected to enhance crop production and yield potential while meeting the micronutrient needs of modern agriculture.
In December 2022, Golden Wattle Springs Pty Ltd., a privately-held Australian company, purchased Borax Argentina S.A. from Alkem Limited for an undisclosed sum. This acquisition is part of Golden Wattle's strategy to enhance its market presence through the inclusion of borax mining operations. Borax Argentina S.A. is an Argentinean firm known for its expertise in refined chemical and mineral manufacturing, which includes colemanite and hydroboracite.
Major players in the colemanite market are BASF SE, Rio Tinto PLC, Liaoning Shougang Boron Iron Co. Ltd., Kemira Oyj, Omya International AG, Searles Valley Minerals Inc., Orocobre Limited, U.S. Borax Inc., Active Minerals International LLC, Mining Associates Pvt. Ltd., AMCOL International Corporation, Eti Soda AS, Borax Argentina S.A., American Borate Company, Raj Borax Limited, Minera Santa Rita S.R.L., Gujarat Boron Derivatives Pvt. Ltd., Quiborax S.A., Eti Bakir Co., American Colloid Company, Borochemie International, Eti Maden İşletmeleri Genel Müdürlüğü, Palmers Chemical Inc., Dhairya International, Sun Borax Industries.
North America was the largest region in the colemanite market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in colemanite report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the colemanite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main categories of colemanite include primary boron and subprimary boron. Primary boron denotes boron resources that are directly extracted from natural deposits or mines. Colemanite serves as a primary source of boron, playing a crucial role in the production of essential boron-based products that find application in various industrial sectors, including steel manufacturing, ceramics, glass production, and agriculture. These boron products are available in fine-grade and standard-grade variants, catering to applications within the steel industry, plastics industry, glass fiber production, and more.
This report provides colemanite market statistics, including colemanite industry global market size, regional shares, competitors with a colemanite market share, detailed colemanite market segments, market trends and opportunities and any further data you may need to thrive in the colemanite industry. This colemanite 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 colemanite market consists of sales of boric acid, borax, boron fertilizers, fiberglass, enamels and glazes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
The global colemanite market is expected to see steady growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to rising construction sector growth, demand form healthcare and pharmaceuticals utilizing colemanite, increasing demand for fertilizers, increasing demand for borosilicate glass. Major trends in the forecast period include advancements in mining and extraction technologies, technological innovation in colemanite processing, international trade and export opportunities, expansion of the glass and ceramics industry, customized colemanite product offerings, sustainability and eco-friendly products, boron-based nanomaterials development.
The increasing need for steel is anticipated to drive the expansion of the colemanite market in the future. Steel, a metal alloy primarily composed of iron, carbon, and trace elements, is renowned for its strength, resilience, and versatility, making it a highly sought-after material. The growing demand for steel has a direct impact on the colemanite market, as colemanite serves as a critical source of boron. Boron, an essential element used as an alloying agent in steel production, significantly enhances steel's strength and performance across various industries. For example, as per the World Steel Association in April 2023, steel demand is projected to rebound by 2.3%, reaching a total of 1,822.3 million metric tons (Mt) in 2023 and 2024. Additionally, steel demand is expected to rise by 1.7%, reaching a capacity of 1,854.0 million metric tons (Mt) in 2024. Hence, the escalating demand for steel is a key driver of the colemanite market's growth.
The growing production of minerals and metals is poised to drive the expansion of the colemanite market in the future. Colemanite, a hydrated calcium borate, plays a vital role in various industrial applications, particularly in the realm of minerals and metals. It serves as a crucial source of boron, enabling the extraction of boron compounds essential for applications such as glass and ceramics, detergents, metal alloys, agrochemicals, and more. For instance, as of May 2023, data from Natural Resource Canada, an official Canadian government source, indicates that the total value of mineral production in Canada for 2021 reached $55.5 billion. This represents a substantial 20% increase compared to the 2020 value of $46.4 billion, with the value of metal production alone experiencing a notable 13% increase in 2020. Thus, the rise in mineral and metal production is a significant driver of the colemanite market's growth.
Environmental concerns are poised to impede the growth of the colemanite market. The extraction and processing of colemanite may have adverse environmental consequences, particularly concerning water resources. The use of chemicals and heavy machinery in colemanite mining can contribute to problems such as soil erosion and water pollution. For instance, as of May 2022, data from ReliefWeb, a US-based source of information on global crises and disasters, reveals that a staggering 380 billion cubic meters of municipal wastewater is generated globally annually. This wastewater production is expected to increase by 24% by 2030 and a substantial 51% by 2050. Thus, mounting environmental concerns are acting as a deterrent to the growth of the colemanite market.
Leading companies in the colemanite market are increasingly focusing on the development of personalized formulations to optimize their market revenue. Customized formulations involve the creation of unique and tailor-made ingredient combinations designed to meet specific needs. For instance, in January 2021, U.S. Borax, Inc., a US-based mining firm, introduced ANHYBOR and ZINCUBOR, two solutions addressing boron and zinc deficiencies in agriculture. ANHYBOR offers versatile applications for fertilizer manufacturers, enhancing the granulation and compaction processes. ZINCUBOR combines zinc and boron in a 2:1 ratio, catering to the diverse requirements of various crops. These innovations are expected to enhance crop production and yield potential while meeting the micronutrient needs of modern agriculture.
In December 2022, Golden Wattle Springs Pty Ltd., a privately-held Australian company, purchased Borax Argentina S.A. from Alkem Limited for an undisclosed sum. This acquisition is part of Golden Wattle's strategy to enhance its market presence through the inclusion of borax mining operations. Borax Argentina S.A. is an Argentinean firm known for its expertise in refined chemical and mineral manufacturing, which includes colemanite and hydroboracite.
Major players in the colemanite market are BASF SE, Rio Tinto PLC, Liaoning Shougang Boron Iron Co. Ltd., Kemira Oyj, Omya International AG, Searles Valley Minerals Inc., Orocobre Limited, U.S. Borax Inc., Active Minerals International LLC, Mining Associates Pvt. Ltd., AMCOL International Corporation, Eti Soda AS, Borax Argentina S.A., American Borate Company, Raj Borax Limited, Minera Santa Rita S.R.L., Gujarat Boron Derivatives Pvt. Ltd., Quiborax S.A., Eti Bakir Co., American Colloid Company, Borochemie International, Eti Maden İşletmeleri Genel Müdürlüğü, Palmers Chemical Inc., Dhairya International, Sun Borax Industries.
North America was the largest region in the colemanite market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in colemanite report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the colemanite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main categories of colemanite include primary boron and subprimary boron. Primary boron denotes boron resources that are directly extracted from natural deposits or mines. Colemanite serves as a primary source of boron, playing a crucial role in the production of essential boron-based products that find application in various industrial sectors, including steel manufacturing, ceramics, glass production, and agriculture. These boron products are available in fine-grade and standard-grade variants, catering to applications within the steel industry, plastics industry, glass fiber production, and more.
This report provides colemanite market statistics, including colemanite industry global market size, regional shares, competitors with a colemanite market share, detailed colemanite market segments, market trends and opportunities and any further data you may need to thrive in the colemanite industry. This colemanite 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 colemanite market consists of sales of boric acid, borax, boron fertilizers, fiberglass, enamels and glazes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Colemanite Market Characteristics3. Colemanite Market Trends and Strategies32. Global Colemanite Market Competitive Benchmarking33. Global Colemanite Market Competitive Dashboard34. Key Mergers and Acquisitions in the Colemanite Market
4. Colemanite Market - Macro Economic Scenario
5. Global Colemanite Market Size and Growth
6. Colemanite Market Segmentation
7. Colemanite Market Regional and Country Analysis
8. Asia-Pacific Colemanite Market
9. China Colemanite Market
10. India Colemanite Market
11. Japan Colemanite Market
12. Australia Colemanite Market
13. Indonesia Colemanite Market
14. South Korea Colemanite Market
15. Western Europe Colemanite Market
16. UK Colemanite Market
17. Germany Colemanite Market
18. France Colemanite Market
19. Italy Colemanite Market
20. Spain Colemanite Market
21. Eastern Europe Colemanite Market
22. Russia Colemanite Market
23. North America Colemanite Market
24. USA Colemanite Market
25. Canada Colemanite Market
26. South America Colemanite Market
27. Brazil Colemanite Market
28. Middle East Colemanite Market
29. Africa Colemanite Market
30. Colemanite Market Competitive Landscape and Company Profiles
31. Colemanite Market Other Major and Innovative Companies
35. Colemanite Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on colemanite 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.
Reasons to Purchase
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Description
Where is the largest and fastest growing market for colemanite? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Primary Boron; Subprimary Boron2) By Form: Fine Grade; Standard Grade
3) By Application: Steel Industry; Plastics Industry; Glass Fiber; Other Applications
Key Companies Mentioned: BASF SE; Rio Tinto plc; Liaoning Shougang Boron Iron Co. Ltd.; Kemira Oyj; Omya International AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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