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increasing demand for mining, improving technologies, and emerging markets are expected to drive innovation in boron manufacturing, thus driving the market during the forecast period.

The global boron market is expected to grow from $3.87 billion in 2022 to $4 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. The boron market size is expected to grow from $4.88 billion in 2027 at a CAGR of 5.1%.

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Global Boron Market Segments Include:

• By Type: Aerospace Composite Materials, Boronated Glasses, and Other Types- Boron
• By Mining Type: Underground Mining, Surface Mining
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, The Middle East is the largest region in the global boron market in 2021.

Major Market Players in the boron market include Boron Molecular Pty Limited, Boron Specialities LLC., Ceradyne Inc., 3M, and S B Boron Corporation.

Modular components designed with 3D printing are being widely used in the mining industry. 3D printing technology enables companies in remote locations to manufacture critical parts onsite as per the requirement, thereby reducing delays due to unplanned maintenance and also eliminating the need for holding inventories, which is the major trend in the Boron market.

The Boron Global Market Report 2023  provides a boron market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boron market forecast analyzes boron market size, boron market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Boron refers to the process of mining boron and its compounds are used in various glass manufacturing, pest controls, fire retardants, fireworks, and medicine.

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