Borates Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 – 2023.

Large number of boron containing oxyanions is usually termed as borates. The term is sometimes referred to tetrahedral boron anions. In natural state, boron occurs as borates in forms of boronsilicates and borate minerals. Borates are used in wide range of applications. The versatility of the borate compounds stems from the unique structural and bonding characteristic of borates. Borates are one of the essential ingredients for living things, while it also important in various industrial applications.

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Borates are an essential material for higher plants and these chemicals are extensively used in agriculture for improving the crop quality and crop yield. Borates also find applications in the formulations of certain insecticides. It can inhibit the growth of fungi and bacteria and is extensively used for improving the durability of wood based construction products. Borates protect the wood by destroying wood damaging insects. Some forms of borates are used to produce industrial or household cleaners, laundry detergents, and personal care products. Borates are also used in the glass-forming applications, where it modifies the structure of the glass and makes it chemical and heat resistant. Borates also find applications in ceramic glazes, specialty glasses and durable fiberglass. Borate glasses form one of the most important components of modern day display panels of computers, televisions, mobiles and various other devices. Another important application for borates includes its use for nuclear shielding. Borates have a unique ability of absorbing radiations and therefore are utilized in shielding safety and control of nuclear reactors employed in medical therapeutics. Applications such as electronic displays and agriculture are expected to drive the demand for borates across the globe. The use of borates as fertilizer and pesticide is expected to be one of the major...