Boron Compounds Market to reach US$3.15 billion by 2020, Asia Pacific to Lead Global Market: Transparency Market Research

ALBANY, N.Y.

A recent report published by Transparency Market Research pegs the value of the global boron compounds market at US$1.98 billion in 2013. The market, according to the report, is likely to reach an estimated valuation of US$3.15 billion by the end of 2020. If the figures hold true, the market will exhibit a positive CAGR of 6.9% during the aforementioned forecast period.

Browse Report:http://www.transparencymarketresearch.com/boron-compounds-market.html

The report presents a comprehensive overview of the global boron compounds market and provides insights into the factors that are likely to drive or restrain the growth of the market. Based on in-depth research, the report states that the total production volume of boron compounds stood at 1,759 kilo tons in 2013.

Increasing demand from the ceramic tile industry for boric acid, which is an oxidized product derived from boron, will push the demand for boron compounds. Furthermore, rising application of boric acid in fiberglass is also anticipated to fuel demand from the global boron compounds market, states the report. The limited availability of boron ore, concentrated only in a few regions around the world, also makes it difficult for companies in the industry to ensure smooth operation. With an aim to present an executive-level snapshot of the market, the report studies in great detail every factor that is likely to have an impact on the growth trajectory of the global boron compounds market.

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TMR analysts project the market to expand at a CAGR of 6% between 2014 and 2020. During the same period, the boron compounds markets in North America and Europe are likely to exhibit a moderate growth rate. The companies profiled in the report include Borax Morarji Ltd., AkzoNobel, Boron Compoundss Ltd., Eti Maden, ESK Ceramics, and BASF.

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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