Today, we'll continue our look at a number of markets where boron and borax compounds are used, including the Boron Trifluoride Market, Potassium Fluoborate Market, the Tin Fluoborate Market, the Permanent Magnets Market, the Super Abrasives Market, the Cubic Boron Nitride Market, the Hexagonal Boron Nitride Market, the Lithium BIS Borate Market, and the Cubic Boron Nitrates Market.
Transcripts
Speaker:
Welcome back to Borates Today.
Speaker:
Today, we're going to look at the second part of our guide to Boron Markets.
Speaker:
In part one, we looked at the Global Boron Mining Market, the Boric Acid
Speaker:
Market, the Sodium Tetraborate Market, Boron Fertilizers, Neodymium Iron
Speaker:
Boron Magnets, Pyrolytic Boron Nitride, Boron Carbide, and the Boron-doped
Speaker:
Diamond Electrode or BDD Market.
Speaker:
Today, we're going to look at a number of markets, and the first one we'll start
Speaker:
with is the Boron Trifluoride Market.
Speaker:
According to Future Market Insights, the Boron Trifluoride and Complexes
Speaker:
Market will grow due to substantial advancement in end-use industries.
Speaker:
The chemical and petrochemical industries are expected to be the
Speaker:
major consumers of Boron Trifluoride.
Speaker:
BF3 gas and its complexes are used as catalysts in the pharmaceutical
Speaker:
industry to produce antibiotics, drugs, and various pharmaceutics.
Speaker:
The link to the reference article is via Future Market Insights, who
Speaker:
published the Boron Trifluoride Market Report in July, 2022.
Speaker:
The next market to look at is the Potassium Fluoborate Market.
Speaker:
One of the main factors behind the growth of the Potassium Fluoborate
Speaker:
Market is the need for abrasives, which are an increasing demand in polishing
Speaker:
applications for end-use industries like electrical and electronic equipment,
Speaker:
machinery, automotive and others.
Speaker:
The increased need for metal processing in the industrial and automotive sectors
Speaker:
and the use of Potassium Fluoborate an admixture in manufacturing aluminum boron
Speaker:
alloy, is spurring the market forward.
Speaker:
The link to the reference article is, again, via Future Market
Speaker:
Insights who publish the Potassium Fluoborate Market report describing
Speaker:
the aspects of market growth.
Speaker:
The third market to look at today is the Tin Fluoborate Market.
Speaker:
The Tin Fluoborate Market is experiencing a rise in the application
Speaker:
of electroplating in industries like automotive, electronics.
Speaker:
aircraft, agriculture, and recreation.
Speaker:
It's predicted that Asia Pacific will have the highest market share
Speaker:
due to rapid industrialization.
Speaker:
This is because electroplating is one of the most essential processes
Speaker:
for creating electronic components to strengthen electrical conductivity,
Speaker:
and resistance to corrosion.
Speaker:
The electrical and electronics industry is expected to dominate the global Tin
Speaker:
Fluoborate M arket for these reasons.
Speaker:
The link to the reference article is via Future Market Insights who published
Speaker:
the Tin Fluoborate Market Report.
Speaker:
Next is the Permanent Magnets Market.
Speaker:
The Tin Fluoborate Market share will expand because of higher
Speaker:
demand in the automotive sector.
Speaker:
These advancements in the sector, increased demand for more sophisticated
Speaker:
vehicle control systems that consume less fuel and emit less pollution.
Speaker:
This is particularly widespread in economies, such as the
Speaker:
US, India, Japan and China.
Speaker:
The increased use of permanent magnets necessitates using rare
Speaker:
earth materials and manufacturing, compact and strong magnets, which
Speaker:
include neodymium ferro-boron magnets.
Speaker:
Variables such as varying raw material costs though, may hinder market growth.
Speaker:
China, India and Japan are the major markets for permanent magnets.
Speaker:
This is due to increased demand for hard drives from data centers.
Speaker:
The use of Neo-dymium Ferro-boron in the military, electronics, healthcare,
Speaker:
and other markets and the constrained availability of substitutes will
Speaker:
also drive market share growth.
Speaker:
Technavio published the Permanent Magnets Market Report in December, 2021.
Speaker:
Next is the Super Abrasives Market.
Speaker:
The electronics and transportation industries are the major factors
Speaker:
influencing the growth of the Super Abrasives Market, though
Speaker:
factors such as strict government regulations may hinder market growth.
Speaker:
Because of the low cost and the ability to provide superior
Speaker:
finishes and super abrasives like cubic boron nitride, there's high
Speaker:
demand in electronics industry.
Speaker:
Another trend influencing growth is the innovation of advanced machinery.
Speaker:
Super abrasives' superior finishing and low cost have increased demand in the
Speaker:
cutting tool industry, for instance.
Speaker:
The APAC region is predicted to have the largest market share with Japan, China,
Speaker:
and South Korea being the main markets.
Speaker:
Once again, Technavio published the Super Abrasives Market Report in August, 2022.
Speaker:
Moving on, the Cubic Boron Nitride Market is predicted to surge
Speaker:
with its rising demand in x-ray applications, automotive, construction,
Speaker:
nanotechnology, and electronics.
Speaker:
North America will be responsible for the highest market share in the
Speaker:
automotive and construction industries.
Speaker:
Europe, will also have market growth due to increasing R&D activities
Speaker:
to create new applications.
Speaker:
The link to the reference article is via Business Research Insights who
Speaker:
published the Cubic Boron Nitride Market Report in January, 2022.
Speaker:
Next is the Hexagonal Boron Nitride Market.
Speaker:
The Hexagonal Boron Nitride Market will experience high demand in high
Speaker:
temperature paints, coatings, and electronic and electrical sectors.
Speaker:
Growing demand from the personal care sector will also offer various
Speaker:
opportunities to manufacturers.
Speaker:
The ASEAN region has the most fiber and consumer electronics sector in Asia
Speaker:
Pacific with electrical and electronics production being the leading sectors.
Speaker:
The link to the reference article is via Mordaunt Intelligence who
Speaker:
published the Hexagonal Boron Nitride Market Report in 2021.
Speaker:
Next is the Lithium BIS Borate Market.
Speaker:
Lithium Bis(oxalato) is an effective electrolyte additive for enhancing
Speaker:
lithium ion battery efficiency.
Speaker:
This has a high solubility in organic solvents, in thermal stability.
Speaker:
It's low cost with high conductivity and has excellent
Speaker:
electric chemical performance.
Speaker:
LiBOB is a patented conductive agent used in high performance,
Speaker:
lithium batteries, polymer batteries and lithium ion batteries.
Speaker:
This halide-free product can be used in addition to conventional fluorinated
Speaker:
compounds such LiBF4, LiPF6, Li-triflate, imides, methanides, and so on.
Speaker:
The link to the reference article is via Albermarle, who published
Speaker:
the study on Lithium BIS Borate.
Speaker:
The next market to look at is the Cubic Boron Nitrates Market.
Speaker:
The global market for cubic boron nitrates has began to appear
Speaker:
as COVID-19 slowly dies out.
Speaker:
Inserts and wheels are the two segments that have experienced readjustment
Speaker:
for growth after the pandemic.
Speaker:
China is expected to show the fastest growth in the Cubic Boron Nitrates Market.
Speaker:
The link to the reference article is the Global Strategic Business Report.
Speaker:
This was published on Research and Markets in October, 2022 and describes all aspects
Speaker:
of the Cubic Boron Nitrates Market growth.
Speaker:
And that concludes our look at multiple markets where boron is a
Speaker:
component and important resource.
Speaker:
We hope you've enjoyed this look and for further material and references,
