Global Borax Pentahydrate Market By Type (Borax Decahydrate (Na2B4O7·10H2O), Anhydrous Borax and Others), By End-User (Glasses and Fiber Glass, Glazes and Enamels, Detergents and Bleach Other Applications) and By Regions - Global Forecast to 2030

Market.US announces publication of its most recently generated research report titled, “Global Borax Pentahydrate Market by Application (Glasses and Fiber Glass, Glazes and Enamels, Detergents and Bleach, Flame Retardancy, Other Applications), and by Region – Global Forecast to 2030.”, which offers a holistic view of the global borax pentahydrate market through systematic segmentation that covers every aspect of the target market.

The Global Borax Pentahydrate Market is projected to be US$ 654.9 in 2020 to reach US$ 924.6 by 2030 at a CAGR of 3.6%.

Borax – a boron compound, is mined from the ground or collected from evaporated deposits. Based on the water content, borax is divided into three types, including borax decahydrate (Na2B4O7·10H2O), anhydrous borax, or sodium tetraborate (Na2B4O7), and borax pentahydrate (Na2B4O7·5H2O). Borax pentahydrate is a natural mineral used in several industries such as glass, ceramics, laundry detergents, and among others. Borax pentahydrate is a common form of sodium borate, boron minerals, which show high demand in the glass and ceramics industry, owing to its inherent properties.

Global Borax Pentahydrate Market Revenue (US$ Mn), 2020–2030

Increasing usage of borax pentahydrate for diversified applications is expected to drive the market growth. For instance, borax pentahydrate is used in laundry detergents, chemical production, and household cleaner applications such as cleaning glass, metals, machinery, floor, and many others. Stabilized enzymes, enhanced stain removal and bleaching, softening water, act as a biostat, and also helps in controlling bacteria and fungi, controlling viscosity and others which are some unique benefits provided by borax pentahydrate. The availability of substitute materials for boron and boron compounds may also have an adverse impact on the growth of the market.

The Global Borax Pentahydrate Market is segmented into by application and by region. The application type is segmented into glasses and fiber glass, glazes and enamels, detergents and bleach, flame retardancy, and other applications. Borax pentahydrate is highly used in glasses and fiber glass applications owing to its heat resistant, scratch and shock-resistant properties. Based on the region, the global borax pentahydrate market can be segmented into North America, Europe, Asia Pacific, South-America, Middle East & Africa. Among the region, the Asia Pacific market is estimated to account for the highest revenue share and is projected to dominate the borax pentahydrate market in the near future. North America and Europe are estimated to follow by the Asia Pacific region in terms of consumption of borax pentahydrate.

Global Borax Pentahydrate Market Attractiveness Analysis by Application, 2014–2030

The research report on the global borax pentahydrate market includes profiles of some of the major companies such as Rio Tinto Plc (U.S. Borax Incorporated), Etimaden, Searles Valley Minerals Inc., Orocobre Limited, Shanghai Yixin Chemical Co., Ltd, Rose Mill Co., Dhairya International, Fluobor India Pvt. Ltd., Shree Sai Shraddha Industries, and Maas Graphite & Carbon Products.

Segmentation of the Global Borax Pentahydrate Market:

Segmentation by Type:

• Borax Decahydrate (Na2B4O7·10H2O)
• Anhydrous Borax
• Sodium Tetraborate (Na2B4O7)
• Borax Pentahydrate (Na2B4O7·5H2O)

Segmentation by Application:

• Glasses and Fiber Glass
• Glazes and Enamels
• Detergents and Bleach
• Flame Retardancy
• Other Applications

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• Rio Tinto Plc (U.S. Borax Incorporated)
• Etimaden
• Searles Valley Minerals Inc.
• Orocobre Limited
• Shanghai Yixin Chemical Co. Ltd
• Rose Mill Co.
• Dhairya International
• Fluobor India Pvt. Ltd.
• Shree Sai Shraddha Industries
• Maas Graphite & Carbon Products

For the Borax Pentahydrate Market research study, the following years have been considered to estimate the market size: