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An Introduction to the Global Boron Market
The Boron Market refers to the global market for boron products and its derivatives. The market has seen significant growth in recent years due to the increasing demand for boron-based products in various industries such as construction, agriculture, and electronics. Boron-based products are used as a hardening agent in steel, as a dopant in semiconductors, and as a fertilizer in agriculture.
The market is driven by the increasing demand for boron-based products in the construction industry. The increasing use of boron in the production of high-strength, low-weight materials for use in the automotive and aerospace industries is also driving the market growth. Additionally, the increasing use of boron in the electronics industry is expected to further boost the market growth. The Asia-Pacific region is expected to be the fastest-growing market, driven by the increasing demand for boron in China, India, and Japan.
BORON MARKETS FORECAST
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Pyrolytic Boron Nitride Market set to grow due to OLED TVs at 5.2% CAGR to a valuation above $333.9M USD by 2032
Pyrolytic Boron Nitride (PBN) is used in the production of OLEDs this market is expected to witness robust growth due to the popularity of OLED displays in both TVs and computer displays.