Boron Oxide and Boric Acid Market

Boron oxide and boric acid market: download newly released information empowered by an Ai-driven market intelligence tool. Statistics cover trade, production, companies, consumption, imports, exports, market prices, and market size. Here is a split by country, including EU, Africa, Latin America, China, the Middle East, Russia, the U.S., and the U.K. Market trends and forecast to 2030 are also provided in the snapshots.

Need Boron Oxide and Boric Acid Market data? GET FREE ACCESS

Boron Oxide and Boric Acid - World's Largest Markets

In value terms, Turkey, China and the United States were the countries with the highest levels of market value in 2020, together accounting for 54% of the global market.

Turkey (+362.8% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while boron oxide and boric acid market for the other global leaders experienced more modest paces of growth.

Boron Oxide and Boric Acid Prices

Boron Oxide and Boric Acid - Top Importers

In value terms, China ($159M) constitutes the largest market for imported oxides of boron and boric acids worldwide, comprising 31% of global imports. The second position in the ranking was occupied by South Korea ($34M), with a 6.6% share of global imports. It was followed by the United States, with a 6.1% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at -4.9%. In the other countries, the average annual rates were as follows: South Korea (-11.2% per year) and the United States (-1.8% per year).

Boron Oxide and Boric Acid - Top Exporters

In value terms, the United States ($160M) remains the largest boron oxide and boric acid supplier worldwide, comprising 50% of global exports. The second position in the ranking was occupied by Chile ($50M), with a 16% share of global exports. It was followed by Russia, with a 11% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -1.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+3.9% per year) and Russia (-10.4% per year).

Boron Oxide and Boric Acid - Market Forecast

The market for boron oxide and boric acid is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.8% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Boron Oxide and Boric Acid - Product Coverage

• HS 2810 - Oxides of boron; boric acids