Sodium Borate Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2023–2030
Sodium Borate report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.
The forecast period is expected to witness a steady growth in revenue for the global sodium Borate market. The primary drivers behind this revenue growth are the increasing demand for hygienic and detergent products as a response to the ongoing pandemic, as well as its various applications in laboratory settings.
Borax, also known as sodium borate, sodium tetraborate, and disodium tetraborate, is a white powder. It occurs naturally and can be found in trace amounts in soil, water, plants, and animals, with sediment and sedimentary rock formations being the most abundant sources. Seasonal lakes that have dried up, such as those in the Mojave Desert in California, contain the majority of borax. It is commonly used as a household cleanser and as a laundry detergent booster. Its composition consists of boron, sodium, and oxygen.
Borates significantly enhance the cleaning action and prevent dirt redeposition in laundry soap bars, resulting in brighter and cleaner garments. Borates can be directly added to powdered detergents to improve their cleaning performance, or they can be combined with sodium perborate for a whitening effect. Liquid detergents also incorporate borates to stabilize enzymes used for stain removal in fluid solutions, and these compounds have proven to be highly effective in this aspect. In the glass industry, boric oxide is now added to the silica matrix in the range of 5-20% to lower the melting temperature and viscosity, inhibit crystallization, control thermal expansion, and prevent devitrification. The resulting material exhibits strength to withstand significant mechanical or thermal shocks and possesses inherent durability and chemical resistance.
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Major Companies in the Market Include:
- Etimine S.A. EtiMaden (U.S.)
- Larderello Group (Italy)
- Quiborax S.A. (Chile)
- Rio Tinto Group (U.K.)
- Fuji Kasei Co., Ltd. (Japan)
- JC & AT Searle Pty Ltd. (Australia)
- Inkabor SAC (Peru)
- Dado Chemicals Co., Ltd. (China)
- Alfa Aesar Inc. (U.S.)
- Indo Borax & Chemicals Ltd. (India)
Factors Driving the Sodium Borate Market
The sodium borate market is influenced by various factors that contribute to its growth and development. Some of the key driving factors include:
- Growing Industrial Applications: Sodium borate finds extensive usage in multiple industrial sectors. It is utilized in the manufacturing of glass, ceramics, detergents, soaps, cosmetics, and fire retardants. The increasing demand for these products across industries fuels the growth of the sodium borate market.
- Agricultural Sector: Sodium borate is an essential micronutrient for plant growth and plays a crucial role in agriculture. It is used as a fertilizer to improve crop yield and enhance the quality of fruits, vegetables, and grains. The rising global population and the need for higher agricultural productivity contribute to the demand for sodium borate in the agricultural sector.
- Consumer Goods: Sodium borate is a common ingredient in household products such as cleaning agents, laundry detergents, and personal care items. The growing awareness regarding hygiene and cleanliness among consumers drives the demand for these products, consequently propelling the sodium borate market.
- Research and Development: Ongoing research and development activities focusing on the development of new applications and innovative uses of sodium borate contribute to market growth. The exploration of its potential in areas like pharmaceuticals, energy storage, and water treatment opens up new opportunities for the sodium borate industry.
- Environmental Regulations: The implementation of stringent environmental regulations regarding the use of harmful chemicals promotes the adoption of eco-friendly alternatives like sodium borate. Its non-toxic nature and low environmental impact make it a preferred choice in various applications, driving market growth.
These driving factors collectively contribute to the expansion of the sodium borate market and are expected to sustain its growth in the foreseeable future.
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The global sodium borate market has been segmented as follows:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Crystal
- Powder
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Washing Powder
- Glass
- Gem
- Medicine
- Other
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
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