The boron minerals and chemicals market is projected to surpass a significant valuation by 2027 owing to soaring product demand for glass and ceramics in the construction industry across the globe.

Boron compounds are used as intermediates and raw materials in producing several products across various industrial verticals, including textile, automotive, construction, and food & beverages, among others. Escalating demand for boron minerals and chemicals from energy-saving appliances has fueled product demand in recent years.

The boron minerals and chemicals market has been segmented based on application, product type, and region. With respect to product type, the market has further been categorized boron chemicals and boron minerals. The boron minerals segment is set to showcase steady growth at about 3.5% CAGR through the forecast period.

Under boron minerals, the boron minerals and chemicals market has been divided into tourmaline, colemanite, and ulexite. The ulexite segment is estimated to amass considerable gains over 2021-2027 owing to prominent utilization of ulexite in fiberglass manufacturing with specific reference to heat-resistant application glasses. The tourmaline segment is slated to expand notably over the study timeline due to the extensive usage of tourmaline in pressure gauges. Moreover, tourmaline also finds widespread application in air and water purifiers due to its piezoelectric properties, which is likely to drive segmental demand.

The boron chemicals sub-segment is expected to attain more than 85% in the global boron minerals and chemicals market by 2027. Under boron chemicals, the boron minerals and chemicals market has been bifurcated into anhydrous borax, boric acid, borax, boron halides, anhydrous borates, boron carbide, boric acid esters, boron nitride, boron hydrides, and others.

The anhydrous borates segment is speculated to reach a sizable valuation by the end of 2027 on account of its wide-ranging applications in the glass and ceramics industry. The anhydrous borax segment is anticipated to grow at a solid pace through the assessment timeframe due to the excellent durability that the product offers in glass formulations.

The boron halides segment is projected to develop significantly owing to its prevalent use as a catalyst in the petrochemical industry. Under boron halides, the boron minerals and chemicals market has been segregated into boron trifluoride, boron tribromide, boron trichloride, and others. The boron trichloride segment is expected to grow considerably over the stipulated timeline. This growth is attributed to increasing consumption of boron trichloride in the metal and alloy industry for refining, soldering, and aluminum casting.

The boron trifluoride segment is likely to grow at approximately 4.5% CAGR over the review period. The boron tribromide segment is poised to hold more than 30% share in the boron halides product segment by 2027. The others boron halides segment includes boron triiodide and is slated to exceed a valuation of USD 10 million by the end of 2027.

The boric acid esters segment is anticipated to progress at a substantial rate through the analysis timeline owing to its excellent chemical and physical properties for glass manufacturing. The boron hydrides segment is foreseen to expand at a CAGR of above 2.5% over the estimated period. Under boron hydrides, the boron minerals and chemicals market has been segmented into arachno borane, closo borane, and nido borane.

The closo borane segment is seen to exhibit sturdy growth over 2021-2027 due to high consumption of closo borane as chemical intermediates in laboratories and industrial-scale production of chemicals. The nido borane segment is expected to observe notable growth by 2027 owing to mounting use of nido borane as reagents as well as for hydroboration in organic synthesis. The arachno boranes segment is set to witness sturdy expansion over the projected period owing to its potential use as fuels for rockets and for automotive uses.

The boron minerals and chemicals industry share from the boron carbide segment is calculated to progress at an exponential pace over the forecast period owing to soaring adoption of boron carbides as adhesives in ceramic bonding applications.

The boron nitride segment is set to garner more than 2% share in the boron chemicals product segment by 2027. Under boron nitride, the boron minerals and chemicals market has been divided into wurtzite boron nitride, hexagonal boron nitride, and cubic boron nitride. The hexagonal boron nitride segment is likely to showcase robust growth through the stipulated period owing to its prominent utilization in heat-resistant paints and coatings. Moreover, increased product usage in cosmetics, mainly in skincare products, is expected to drive segmental development.

The cubic boron nitride segment is foreseen to progress at a CAGR of around 2.5% over the review period. The wurtzite boron nitride segment is projected to attain a sizable market share by 2027. Escalating demand for cutting grinding tools across various sectors, such as aerospace, defense, automotive, and industrial machinery, among others, has boosted the demand for polycrystalline structure powders, which is estimated to drive segmental expansion in the coming time period. The others boron chemicals product segment is anticipated to be valued at nearly USD 50 million by 2027. Other products include ferroboron, sodium metaborate, and zinc borate.

On the application spectrum, the boron minerals and chemicals market has been categorized into adhesives, glass and ceramics, agrochemicals, alloy and metals, detergents & bleaches, and others. The alloy and metals segment is speculated to register substantial growth by 2027 on account of rising use of boron minerals and compounds in alloys and metals in the upcoming years due to its strong durability.

The adhesives segment is slated to exhibit a solid growth trajectory over the analysis timeline owing to prevalent usage of boron oxide and boric acid in silicone adhesives. The others segment is expected to surpass USD 350 million in revenue by 2027. Other applications of boron minerals and chemicals include flame retardants, industrial fluids, and wood preservatives.

In terms of region, the LATAM boron minerals and chemicals market accounts for a market share of about 7.5% and is poised to witness optimistic growth over 2021-2027. The MEA boron minerals and chemicals market is estimated to observe steady expansion through the forecast period. Growing sophistication in the glass and ceramics industry across major emerging economies in the Middle East & Africa region is calculated to impel market growth in the future.