TheBusinessResearchCompany’s Boron Mining Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The boron mining market consists of sales of boron by entities (organizations, sole traders and partnerships) that mine boron. The boron element is used in applications including boronated fiberglass, borosilicate glass, boron carbide ceramic, high-hardness and abrasive compounds, boron metal coatings, detergent formulations and bleaching agents, insecticides, semiconductors, magnets, shielding and neutron absorbers in nuclear reactors, other nonmedical uses, pharmaceutical and biological applications, and research areas.
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The boron mining market expected to reach a value of nearly $1.67 billion by 2022, significantly decline at a CAGR of 0.7% during the forecast period. The growth in the boron mining market is due to increasing demand for mining, improving technologies and emerging markets.
However, the market for boron mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
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The present study exhibits the trends and market dynamics of the Boron Mining market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
The global boron mining market is further segmented based on type and geography.
By Type – The boron mining market is segmented into aerospace composite materials, boronated glasses, others – boron.
By Geography – The global boron mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Middle East boron mining market accounts the largest share in the global boron mining market.
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Some of the major players involved in the Boron Mining market are Boron Molecular PTY Limited, Boron Specialities LLC., Ceradyne Inc., 3M, SB Boron Corporation.
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This post was originally published on The Market Plan