Calcium borate is sourced from colemanite and ulexite ores. It is commercially manufactured through a reaction of calcium salts with boric acid. Its major applications are fertilizers, flame retardants and as ceramic fluxes. Calcium borate is also used in textile glass fiber reinforcement. Textile glass fibers are high strength fibers which are used in furnishing fabrics, tires and reinforced plastics.
The raw materials are geographically concentrated in Turkey and the U.S. These countries refine and sell calcium borate to other parts of the world.
The growing demand for flame retardants and ceramics in the construction industry is a major driver for the calcium borate market. Flame retardants are used to reduce the risk of a fire and are used as an important safety function. This function increases the safety level by increasing the time duration available for escaping in case of a fire. The growing safety regulations have increased the demand for this chemical in the construction industry. Agricultural farms in Latin America, China and India are the major consumers of calcium borate as a fertilizer. The growing need for increasing the yield of crops from farms is a major growth driver of calcium borate market in agricultural applications.
This report identifies the global calcium Borate market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global calcium Borate market.
Geographically European and North American markets are estimated to witness a sluggish growth in the calcium borate market. The key growth markets for calcium borate are estimated to be Asia-Pacific and RoW regions. The growing automobile production and construction activities are projected to be the major growth drivers.
This report segments calcium borate market on the basis of application, end-use industry and regional market as follows:
- Calcium Borate Market, by Application: Flame Retardants, Ceramic Flux & Glazes, Fertilizer and Reinforced Glass Fiber
- Calcium Borate Market, by End-Use Industry: Construction, Automotive, Agriculture and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the Calcium Borate market. Some of the major companies’ profiles in detail are as follows:
- Akzonobel N.V
- Albemarle Corporation
- Clariant AG
- BASF SE