
Global Borax Pentahydrate Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Borax Pentahydrate Market Introduction
Demand for Borax Pentahydrate from 2015 to 2020 Vs. Future Market Projections for 2021-2031
From 2015 to 2020, sales of borax pentahydrate have increased at a stable rate, expanding over 3.6% CAGR.
Borax, also known as sodium borate (Na2B4O7.10H2) and boric acid (H3BO3), is a colorless salt-like substance with a physical appearance of a white powder. Borax and boric acid have many legal uses and are widely used in the manufacture of detergents, water softeners and weak preservatives. Borax pentahydrate is widely used in glass and ceramic industries owing to its inherent properties. Their water content distinguishes borax in the following compounds:
- Anhydrous borax or sodium tetraborate (Na2B4O7)
- Borax pentahydrate (Na2B4O7·5H2O)
- Borax decahydrate (Na2B4O7·10H2O)
Global Borax Pentahydrate Market Revenue Outlook:
The global borax pentahydrate market was valued at over US$ 654.9 Mn in 2020 and is projected to register а САGR approximately to 3.6% by 2031.
Increasing demand for powerful laundry detergents amidst the COVID-19 pandemic is expected to impact the target market growth positively. Borax pentahydrate is mainly consumed for glasses and fiberglass applications, but some are also used in industries, including agriculture, chemical, engineering, infrastructure, automotive, and electronics. In addition, borax pentahydrate is an excellent choice for cleaning metal surfaces and various other metal operations owing to its mild or moderate abrasive properties, anti-corrosive, and water-softening capabilities.
Regulatory Framework for Boric Acid and Sodium Borate
Regulations REACH Regulation CLP Regulation Environment and Waste Regulation XX XX COVID-19 Impact Analysis
The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The onset of this given pandemic has also impacted the respective supply chains of these companies. As major economies imposed precautionary manufacturing lockdowns, a considerable gap between market supply and demand has been created, making it difficult for manufacturers and distributors to manage their supply operations effectively. This is a primary factor that is expected to negatively influence future revenue growth prospects for the global borax pentahydrate market. A potentially looming economic recession is also likely to affect future investments in this sector adversely.
Import-Export Data of Disodium tetraborate "Refined Borax" under HS code (284019)
Year Import (Value US $ ‘000) Import (Volume Tons) Export (Value US $ ‘000) Export (Volume Tons) 2020 599924 - 296837 663776 2019 XX XX XX XX 2018 XX XX XX XX 2017 XX XX XX XX 2016 XX XX XX XX 2015 XX XX XX XX Factors limiting the growth of the borax pentahydrate market
The availability of alternative products such as vinegar, lemon, baking soda, to borax for cleaning purposes with similar properties and end-use applications is expected to limit the growth of this target market. Moreover, several countries such as the European Union (EU), Canada, and Indonesia have considered borax and boric acid exposure a potential health risk that may cause respiratory and skin irritation if inhaled in large quantities.
Products containing borax as an essential ingredient
Products Flame Retardants Teeth Bleaching Products Glass, Ceramics, and Pottery Enamel Glazes Flux For Welding Iron And Steel XXX XXX Opportunities for the revenue growth of key players operating in this target industry
Major companies are now focusing on adopting multiple strategic policies to expand their business on a global scale. Policies such as strategic mergers & acquisitions, joint ventures and partnerships with other companies to ducts, and expanding existing product portfolios, with the aim to maintain This is also another factor that is expected further to improve the financial development of this particular market period.
- In April 2019, Rio Tinto entered into a joint venture with Alcoa, one of the largest aluminum producers, and named the joint venture “ELYSIS”. This new research and development facility is in Saguenay–Lac-Saint-Jean region in Québec.
Market Dynamics:
The global borax pentahydrate market is segmented into application and region. The application segment is further categorized into glasses and fiberglass, glazes and enamels, detergents and bleach, flame retardancy, and other applications. The glasses and fiberglass segment is expected to create a major share and hold the leading position in this target market. The glasses and fiberglass segment is estimated to account for a 53.1% revenue share in 2020 and is expected to register a CAGR of 3.8% during the forecast period.
The Asia-Pacific region is anticipated to hold a significant share of the global borax pentahydrate market. Increasing demand for end-use products containing borax coupled with increased import-export activities from emerging economies such as Chine, etc., is expected to boost the revenue growth for this target market in the region. Moreover, prominent players in the region are also expected to support the market revenue growth. The first five-year cumulative revenue (2021–2025) for the Asia-Pacific market is estimated to be US$ 1,826.3 Mn, as compared to a moderately higher cumulative revenue of US$ XX Mn for the latter five years of the forecast period (2026–2030).
Borates Consumption by Region, 2020
Competitive Landscape:
The borax pentahydrate market landscape appears highly consolidated, with a significant chunk of it being dominated by players in the European region.
- Rio Tinto Plc (U.S. Borax Incorporated)
- Etimaden
- Searles Valley Minerals Inc.
- Orocobre Limited
- Shanghai Yixin Chemical Co., Ltd
- Rose Mill Co.
- Dhairya International
- Fluobor India Pvt. Ltd.
- Shree Sai Shraddha Industries
- Maas Graphite & Carbon Products
- Other Key Industry Players
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Key Regions Covered
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Israel
- Rest of MEA
Key Segments Covered
Borax Pentahydrate Market, By Application
- Glasses and Fiberglass
- Glazes and Enamels
- Detergents and Bleach
- Flame Retardancy
- Other Applications
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- Chapter 1 Global Borax Pentahydrate Outlook
- 1.1 Introduction
- 1.2 Segmentation of Borax Pentahydrate Based On Application and Region
- 1.3 Drivers
- 1.4 Restraints
- 1.5 Opportunities
- 1.6 Trends
- 1.7 Macro-economic Factors
- 1.8 Regulatory Framework
- 1.9 Global Borax Pentahydrate Pricing Analysis by Region, 2021
- 1.10 Opportunity Map Analysis
- 1.10.1 Optimistic Scenario
- 1.10.2 Likely Scenario
- 1.10.3 Conservative Scenari
- 1.11 Opportunity Orbits
- 1.12 Market Investment Feasibility Index
- 1.13 PEST Analysis
- 1.14 PORTER’S Five Force Analysis
- 1.15 Drivers & Restraints Impact Analysis
- 1.16 Marketing Strategy
- 1.17 Product Life Cycle Analysis
- 1.18 Value Chain Analysis
- 1.19 Cost Structure Analysis
- 1.20 Regional Market Share and BPS Analysis in Borax Pentahydrate
- 1.21 COVID-19 Impact Analysis
- Chapter 2 Global Borax Pentahydrate Overview
- 2.1 Global Market Value & Volume Comparison by Application (2015-2031)
- 2.1.1 Global Market Value & Volume Market Share by Application in 2021
- 2.1.2 Global Market Attractiveness Analysis by Application, 2015-2022
- 2.2 Global Market Outlook by Region
- 2.2.1 Global Market Value & Volume Comparison by Region (2015-2031)
- 2.2.2 Global Market Value & Volume Market Share by Region in 2021
- 2.2.3 Global Market Attractiveness Analysis by Region, 2015-2022
- 2.3 Global Market Outlook (2015-2031)
- 2.3.1 Global Market Value & Volume (2015-2022)
- 2.3.2 Global Market Value & Volume (2023-2031)
- 2.4 Global Market Value & Volume by Regions
- 2.4.1 Global Market Value & Volume Comparison by Region (2015-2022)
- 2.4.2 Global Market Value & Volume Comparison by Region (2023-2031)
- 2.5 Global Market Value & Volume by Application
- 2.5.1 Global Market Value & Volume Comparison by Application (2015-2022)
- 2.5.2 Global Market Value & Volume Comparison by Application (2023-2031)
- 2.6 Global Market Y-o-Y Growth Rate Comparison 2016–2031
- 2.6.1 Global Market Y-o-Y Growth Rate by Region
- 2.6.2 Global Market Y-o-Y Growth Rate by Application
- 2.7 Global Market Share Comparison 2015–2031
- 2.7.1 Global Market Share by Region
- 2.7.2 Global Market Share by Application
- 2.1 Global Market Value & Volume Comparison by Application (2015-2031)
- Chapter 3 North America Borax Pentahydrate Overview
- 3.1 North America Market by Application
- 3.1.1 North America Market Value & Volume Comparison by Application (2015-2031)
- 3.1.2 North America Market Value & Volume Market Share by Application in 2021
- 3.2 North America Market Outlook by Region
- 3.2.1 North America Market Value & Volume Comparison by Region (2015-2031)
- 3.2.2 North America l Market Value & Volume Market Share by Region in 2021
- 3.2.3 North America Market Attractiveness Analysis by Region, 2015-2022
- 3.3 North America Market Outlook (2015-2031)
- 3.3.1 North America Market Value & Volume (2015-2022)
- 3.3.2 North America Market Value & Volume (2023-2031)
- 3.4 North America Market Value & Volume by Regions
- 3.4.1 North America Market Value & Volume Comparison by Region (2015-2022)
- 3.4.2 North America Market Value & Volume Comparison by Region (2023-2031)
- 3.5 North America Market Value & Volume by Application
- 3.5.1 North America Market Value & Volume Comparison by Application (2015-2022)
- 3.5.2 North America Market Value & Volume Comparison by Application (2023-2031)
- 3.6 North America Market Y-o-Y Growth Rate Comparison 2016–2031
- 3.6.1 North America Market Y-o-Y Growth Rate by Region
- 3.6.2 North America Market Y-o-Y Growth Rate by Application
- 3.7 North America Market Share Comparison 2015–2031
- 3.7.1 North America Market Share by Region
- 3.7.2 North America Market Share by Application
- 3.1 North America Market by Application
- Chapter 4 Europe Borax Pentahydrate Overview
- 4.1 Europe Market by Application
- 4.1.1 Europe Market Value & Volume Comparison by Application (2015-2031)
- 4.1.2 Europe Market Value & Volume Market Share by Application in 2021
- 4.2 Europe Market Outlook by Region
- 4.2.1 Europe Market Value & Volume Comparison by Region (2015-2031)
- 4.2.2 Europe Market Value & Volume Market Share by Region in 2021
- 4.2.3 Europe Market Attractiveness Analysis by Region, 2015-2022
- 4.3 Europe Market Outlook (2015-2031)
- 4.3.1 Europe Market Value & Volume (2015-2022)
- 4.3.2 Europe Market Value & Volume (2023-2031)
- 4.4 Europe Market Value & Volume by Regions
- 4.4.1 Europe Market Value & Volume Comparison by Region (2015-2022)
- 4.4.2 Europe Market Value & Volume Comparison by Region (2023-2031)
- 4.5 Europe Market Value & Volume by Application
- 4.5.1 Europe Market Value & Volume Comparison by Application (2015-2022)
- 4.5.2 Europe Market Value & Volume Comparison by Application (2023-2031)
- 4.6 Europe Market Y-o-Y Growth Rate Comparison 2016–2031
- 4.6.1 Europe Market Y-o-Y Growth Rate by Region
- 4.6.2 Europe Market Y-o-Y Growth Rate by Application
- 4.7 Europe Market Share Comparison 2015–2031
- 4.7.1 Europe Market Share by Region
- 4.7.2 Europe Market Share by Application
- 4.1 Europe Market by Application
- Chapter 5 Asia-Pacific Borax Pentahydrate Overview
- 5.1 Asia-Pacific Market by Application
- 5.1.1 Asia-Pacific Market Value & Volume Comparison by Application (2015-2031)
- 5.1.2 Asia-Pacific Market Value & Volume Market Share by Application in 2021
- 5.2 Asia-Pacific Market Outlook by Region
- 5.2.1 Asia-Pacific Market Value & Volume Comparison by Region (2015-2031)
- 5.2.2 Asia-Pacific Market Value & Volume Market Share by Region in 2021
- 5.2.3 Asia-Pacific Market Attractiveness Analysis by Region, 2015-2022
- 5.3 Asia-Pacific Market Outlook (2015-2031)
- 5.3.1 Asia-Pacific Market Value & Volume (2015-2022)
- 5.3.2 Asia-Pacific Market Value & Volume (2023-2031)
- 5.4 Asia-Pacific Market Value & Volume by Regions
- 5.4.1 Asia-Pacific Market Value & Volume Comparison by Region (2015-2022)
- 5.4.2 Asia-Pacific Market Value & Volume Comparison by Region (2023-2031)
- 5.5 Asia-Pacific Market Value & Volume by Application
- 5.5.1 Asia-Pacific Market Value & Volume Comparison by Application (2015-2022)
- 5.5.2 Asia-Pacific Market Value & Volume Comparison by Application (2023-2031)
- 5.6 Asia-Pacific Market Y-o-Y Growth Rate Comparison 2016–2031
- 5.6.1 Asia-Pacific Market Y-o-Y Growth Rate by Region
- 5.6.2 Asia-Pacific Market Y-o-Y Growth Rate by Application
- 5.7 Asia-Pacific Market Share Comparison 2015–2031
- 5.7.1 Asia-Pacific Market Share by Region
- 5.7.2 Asia-Pacific Market Share by Application
- 5.1 Asia-Pacific Market by Application
- Chapter 6 South America Borax Pentahydrate Overview
- 6.1 South America Market by Application
- 6.1.1 South America Market Value & Volume Comparison by Application (2015-2031)
- 6.1.2 South America Market Value & Volume Market Share by Application in 2021
- 6.2 South America Market Outlook by Region
- 6.2.1 South America Market Value & Volume Comparison by Region (2015-2031)
- 6.2.2 South America Market Value & Volume Market Share by Region in 2021
- 6.2.3 South America Market Attractiveness Analysis by Region, 2015-2022
- 6.3 South America Market Outlook (2015-2031)
- 6.3.1 South America Market Value & Volume (2015-2022)
- 6.3.2 South America Market Value & Volume (2023-2031)
- 6.4 South America Market Value & Volume by Regions
- 6.4.1 South America Market Value & Volume Comparison by Region (2015-2022)
- 6.4.2 South America Market Value & Volume Comparison by Region (2023-2031)
- 6.5 South America Market Value & Volume by Application
- 6.5.1 South America Market Value & Volume Comparison by Application (2015-2022)
- 6.5.2 South America Market Value & Volume Comparison by Application (2023-2031)
- 6.6 South America Market Y-o-Y Growth Rate Comparison 2016–2031
- 6.6.1 South America Market Y-o-Y Growth Rate by Region
- 6.6.2 South America Market Y-o-Y Growth Rate by Application
- 6.7 South America Market Share Comparison 2015–2031
- 6.7.1 South America Market Share by Region
- 6.7.2 South America Market Share by Application
- 6.1 South America Market by Application
- Chapter 7 MEA Borax Pentahydrate Overview
- 7.1 MEA Market by Application
- 7.1.1 MEA Market Value & Volume Comparison by Application (2015-2031)
- 7.1.2 MEA Market Value & Volume Market Share by Application in 2021
- 7.2 MEA Market Outlook by Region
- 7.2.1 MEA Market Value & Volume Comparison by Region (2015-2031)
- 7.2.2 MEA Market Value & Volume Market Share by Region in 2021
- 7.2.3 MEA Market Attractiveness Analysis by Region, 2015-2022
- 7.3 MEA Market Outlook (2015-2031)
- 7.3.1 MEA Market Value & Volume (2015-2022)
- 7.3.2 MEA Market Value & Volume (2023-2031)
- 7.4 MEA d.keyword} Market Value & Volume by Regions
- 7.4.1 MEA Market Value & Volume Comparison by Region (2015-2022)
- 7.4.2 MEA Market Value & Volume Comparison by Region (2023-2031)
- 7.5 MEA Market Value & Volume by Application
- 7.5.1 MEA Market Value & Volume Comparison by Application (2015-2022)
- 7.5.2 MEA Market Value & Volume Comparison by Application (2023-2031)
- 7.6 MEA Market Y-o-Y Growth Rate Comparison 2016–2031
- 7.6.1 MEA Market Y-o-Y Growth Rate by Region
- 7.6.2 MEA d.keyword} Market Y-o-Y Growth Rate by Application
- 7.7 MEA Market Share Comparison 2015–2031
- 7.7.1 MEA Market Share by Region
- 7.7.2 MEA Market Share by Application
- 7.1 MEA Market by Application
- Chapter 8 Global Borax Pentahydrate Company Profiles
- 8.1 Market Competition Scenario Analysis, By Company
- 8.2 Competitor Landscape
- 8.3 Company Share Analysis
- 8.4 Company Profiles
- 8.4.1 Rio Tinto Plc
- 8.4.1.1 Company Overview
- 8.4.1.2 Business Description
- 8.4.1.3 Product Portfolio
- 8.4.1.4 Key Financials
- 8.4.1.5 Key Developments
- 8.4.1.6 SWOT Analysis
- 8.4.2 Searles Valley Minerals Inc.
- 8.4.2.1 Company Overview
- 8.4.2.2 Business Description
- 8.4.2.3 Product Portfolio
- 8.4.2.4 Key Financials
- 8.4.2.5 Key Developments
- 8.4.2.6 SWOT Analysis
- 8.4.3 Orocobre Limited
- 8.4.3.1 Company Overview
- 8.4.3.2 Business Description
- 8.4.3.3 Product Portfolio
- 8.4.3.4 Key Financials
- 8.4.3.5 Key Developments
- 8.4.3.6 SWOT Analysis
- 8.4.4 Shanghai Yixin Chemical Co., Ltd
- 8.4.4.1 Company Overview
- 8.4.4.2 Business Description
- 8.4.4.3 Product Portfolio
- 8.4.4.4 Key Financials
- 8.4.4.5 Key Developments
- 8.4.4.6 SWOT Analysis
- 8.4.5 Rose Mill Co.
- 8.4.5.1 Company Overview
- 8.4.5.2 Business Description
- 8.4.5.3 Product Portfolio
- 8.4.5.4 Key Financials
- 8.4.5.5 Key Developments
- 8.4.5.6 SWOT Analysis
- 8.4.6 Dhairya International
- 8.4.6.1 Company Overview
- 8.4.6.2 Business Description
- 8.4.6.3 Product Portfolio
- 8.4.6.4 Key Financials
- 8.4.6.5 Key Developments
- 8.4.6.6 SWOT Analysis
- 8.4.7 Fluobor India Pvt. Ltd.
- 8.4.7.1 Company Overview
- 8.4.7.2 Business Description
- 8.4.7.3 Product Portfolio
- 8.4.7.4 Key Financials
- 8.4.7.5 Key Developments
- 8.4.7.6 SWOT Analysis
- 8.4.8 Shree Sai Shraddha Industries
- 8.4.8.1 Company Overview
- 8.4.8.2 Business Description
- 8.4.8.3 Product Portfolio
- 8.4.8.4 Key Financials
- 8.4.8.5 Key Developments
- 8.4.8.6 SWOT Analysis
- 8.4.9 Maas Graphite & Carbon Products
- 8.4.9.1 Company Overview
- 8.4.9.2 Business Description
- 8.4.9.3 Product Portfolio
- 8.4.9.4 Key Financials
- 8.4.9.5 Key Developments
- 8.4.9.6 SWOT Analysis
- 8.4.10 Etimaden
- 8.4.10.1 Company Overview
- 8.4.10.2 Business Description
- 8.4.10.3 Product Portfolio
- 8.4.10.4 Key Financials
- 8.4.10.5 Key Developments
- 8.4.10.6 SWOT Analysis
- 8.4.12 Other Key Players
- 8.4.1 Rio Tinto Plc
- Chapter 9 Research Methodology
- 9.1 Research Methodology
- 9.2 Primary Research
- 9.3 Secondary Research
- 9.4 Report Scope
- Chapter 10 About Us
- 10.1 Who we are:
- Chapter 11 Disclaimer
- Chapter 1 Global Borax Pentahydrate Outlook
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- Rio Tinto Plc (U.S. Borax Incorporated)
- Etimaden
- Searles Valley Minerals Inc.
- Orocobre Limited
- Shanghai Yixin Chemical Co., Ltd
- Rose Mill Co.
- Dhairya International
- Fluobor India Pvt. Ltd.
- Shree Sai Shraddha Industries
- Maas Graphite & Carbon Products
- Other Key Industry Players