Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 56 million | USD 71 million | 3.95% | 2022 |
FrequentlyAsked Questions
Elemental boron is a non-metallic chemical element that is the lightest member of the boron group in the periodic table. Elemental boron is a dark, lustrous, brittle solid that is insoluble in water.
The global elemental boron market cap may grow owing to the increasing demand for elemental boron in the aerospace industry. Significant growth opportunities can be expected due to the growth of green technology.
According to study, the global elemental boron market size was worth around USD 56 million in 2022 and is predicted to grow to around USD 71 million by 2030.
The CAGR value of the elemental boron market is expected to be around 3.95% during 2023-2030.
The global elemental boron market growth is expected to be driven by Asia Pacific. It is currently the world’s highest revenue-generating market owing to the strong electronic industry and booming aerospace and defense sector.
The global elemental boron market is led by players like SB Boron, Pavezyum Kimya, Höganäs, Noah Technologies Corporation, Borman (Tronox), New Metals and Chemicals, YingKou Liaobin Fine Chemicals, Baoding Pengda New Material Technology, Dandong Chemical Engineering Institute (DCEI), and SkySpring Nanomaterials
The report analyzes the global elemental boron market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the elemental boron industry.
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