Zinc Borate Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
317951 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Zinc Borate market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Zinc Borate is projected to rise moderately in the projected time frame of 2023-2030.
Zinc borate, also known to be borate of zinc is an inorganic compound. The material comes in white crystalline color or in form of amorphous powder that is unsolvable in water. Moreover, the compound\'s toxicity is usually low and has a melting point of about 980 °C.
In the chemistry field, zinc borate is referred to as an inorganic compound (a borate of zinc). This chemical compound has different variations due to the ration of zinc/boron and the water content in it. The forms include 2ZnO•3 B2O3•3.5H2O, 2ZnO•3 B2O3, 4ZnO•B2O3•H2O), 4ZnO•6B2O3•7H2O, 2ZnO•2B2O3•3H2O.
Among those types, 2ZnO•3 B2O3•3.5H2O is the most widely used one.
Zinc borate is primarily used in plastics and cellulose fibers, paper, rubbers and the textiles industry because of its flame retardant feature. Also, it is a useful smoke suppressant in the plastic and rubber industry. Due to its distinctive performance, it can also be found in other fields, such as fertilizer, painting, adhesive and so on. Among those applications, function as flame retardant/smoke suppressant holds the largest market share in zinc borate applications, which was 89.12% in 2015.
North America, Europe and China are the major production base of zinc borate. The three regions contributed about 87.69% share in the global production market in 2015. In addition, North America is the largest production base for the time being, of which production reached to 30803 MT in 2015. The industry is relatively concentrated. Borax, Chemtura, Wuwei Industrial,Societa Chimica Larderello and so on are the leading giants in the zinc borate market.
As for consumption, North America, Europe and China are the major consumers as well. Industries, such as plastics, rubber, provide sufficient support for the development of zinc borate. In 2015, North America, Europe and China consumed about 29221MT, 14908MT and 18736 MT respectively, with a total share of 81.97% in the consumption market.
Although there are some alternatives of zinc borate in the flame retardant field, due to its own characteristics, zinc borate still has a rigid demand in some field. Market insiders think the market of zinc borate will keep growing in the coming years. Whereas, considering the fierce completion caused by alternatives and the various zinc borate manufacturers, the market is estimated to face uncertainties as well, such as price fluctuations.
Global Zinc Borate market size will increase to 12 Million US$ by 2030, from 10 Million US$ in 2020, at a CAGR of 2.2% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Zinc Borate.
Objectives of Research:
The overview of the global Zinc Borate market
Report comprised of the market companies, to describe and define and analyze the Zinc Borate market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, Borax, Chemtura, Wuwei Industrial, Societa Chimica Larderello, Royce, Wallace FR, Taixing Fine Chemicals, C-Tech, Chuanjun, Shandong Bio, Enter Chemical, Sakai Chemical, Xusen, Lida Chemical
Market by Order Type
2ZnO·3 B2O3·3.5H2O
2ZnO·3 B2O3
4ZnO·B2O3·H2O
4ZnO·6B2O3·7H2O
2ZnO·2B2O3·3H2O
Zinc Borate Data by Application
Flame Retardant
Compound Formulation
Others
Zinc Borate Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Zinc Borate market comprising definition
Zinc Borate Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Zinc Borate market
Zinc Borate Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Zinc Borate market?
What are the growth strategies of the key players to sustain hold at intervals in the global Zinc Borate market?
Zinc Borate Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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