Ulexite Market Report 2025 (Global Edition)

Global Ulexite Market Report 2024 Market Size Split by Type (White, Transparent), by Application (Agriculture, Glass and Fiberglass, Oilfield, Ceramics, Pulp and Paper, Others), by End-User (Agricultu...

Ulexite Market Report Description

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Ulexite Market Insights Video

Competitive Landscape of the Ulexite Market

The mining, production, and distribution sectors are home to major firms in the competitive ulexite market. Rio Tinto, Quiborax, Eti Maden, and Minera Santa Rita are a few notable businesses. These businesses concentrate on developing new markets, enhancing extraction technology, and increasing production capabilities. The need for boron in glass, ceramics, and agriculture drives competition. Furthermore, regional competitiveness is heightened by the geographic concentration of ulexite reserves in nations such as Argentina, Chile, and Turkey; maintaining cost leadership and an efficient supply chain is essential.

In June 2023, At its Boron, California operation, Rio Tinto successfully finished converting all of its heavy machinery from fossil diesel to renewable fuel, making it the first open pit mine in history to reach this significant milestone. The shift at Boron is a critical first step that will surely open up more chances for the corporation to decarbonize its worldwide operations. (Source: https://www.riotinto.com/en/news/releases/2023/rio-tinto-u_s_-borax-becomes-first-open-pit-mine-to-transition-to-renewable-diesel) In December 2022, In order to help the mining industry further minimize risk while recovering the minerals required for the global energy transition from what was previously considered "waste," OZ Minerals, Boliden, and Rio Tinto collaborated to unlock new and creative solutions for managing tailings. Through materials, finance, technical assistance, and the possibility of field trials at mine operations, the partnership will assist innovators. (Source: https://www.riotinto.com/en/news/releases/2022/oz-minerals-boliden-and-rio-tinto-partnership) In October 2022, In order to position Rio Tinto as a center of excellence for key minerals processing and to decarbonize its Rio Tinto Fer et Titane (RTFT) operations in Sorel-Tracy, Québec, the company teamed up with the Government of Canada to invest up to C$737 million (US$537 million) over the next eight years. As a first step toward cutting greenhouse gas emissions from RTFT's titanium dioxide, steel, and metal powders business by up to 70%, the cooperation will promote innovations in technology. (Source: https://www.riotinto.com/en/news/releases/2022/rio-tinto-partners-with-government-of-canada-to-decarbonise-rtft-and-boost-critical-minerals-processing)

Top Companies Market Share in Ulexite Industry: (In no particular order of Rank)

• Rio Tinto
• ETI MADEN
• American Borate Company
• Minera Santa Rita
• Quiborax
• Bisley & Company
• Amalgamated Metal Corporation
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Regional Analysis of the Ulexite Market

Which Region Dominates the Ulexite Market in 2024?

According to Cognitive Market Research, North America currently dominates the Ulexite market, and the region is expected to have significant growth during the projected period. Growing demands from the construction and agricultural industries are driving the ulexite market in North America. The usage of boron-rich fertilizers made from ulexite is growing as a result of the adoption of sustainable agricultural practices, particularly in the Corn Belt region of the United States, to solve fertilizer deficiencies in the soil. Additionally, driving up demand for boron is the region's growing glass production sector, which is especially strong in fields like electronics and renewable energy. Development prospects are presented, for instance, by the growing usage of borosilicate glass in solar panels and other high-tech equipment. Reducing reliance on imports from places like South America and home production is also made possible by developments in eco-friendly processing techniques and mining technologies.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The ulexite market in the Asia-Pacific region is growing rapidly as a result of rising industrial and agricultural activity. An increasing number of boron-rich fertilizers are needed, particularly in China and India, as a result of initiatives to improve agricultural yields and correct nutrient shortages in the soil. Further opportunities are created by the region's expanding glass manufacturing sector, which is encouraged by the demand for electronics, building supplies, and renewable energy technology. For instance, borosilicate glass is increasingly being used in consumer electronics and solar panels. The requirement for boron-based materials is additionally supported by investments in infrastructure and industrial growth, especially in Southeast Asia, which is driving the ulexite market.

The current report Scope analyzes Ulexite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ulexite Market

According to Cognitive Market Research, the global Ulexite market size was estimated at USD 105.9 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 42.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ulexite market with a market size of USD 33.42 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Growing US demand for borosilicate glass and high-tech electronics.
• The Canada Ulexite market had a market share of USD 5.08 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Increase in Canada's ulexite and other mineral mining operations.
• The Mexico Ulexite market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 3.85 million in 2024.

Europe Ulexite Market

According to Cognitive Market Research, the global Ulexite market size was estimated at USD 105.9 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 31.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• The United Kingdom Ulexite market had a market share of USD 5.34 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Specialized glass is in demand in the UK's automotive and industrial sectors.
• The France Ulexite market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 2.92 million in 2024.
• According to Cognitive Market Research, the German Ulexite market size was valued at USD 6.29 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Increasing German usage of ulexite in solar panel manufacturing.
• The Italy Ulexite market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 2.73 million in 2024.
• The Russia Ulexite market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 4.92 million in 2024.
• The Spain Ulexite market is projected to witness growth at a CAGR of 10.1% during the forecast period with a market size of USD 2.61 million in 2024
• The Luxembourg Ulexite market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 0.98 million in 2024.
• The Portugal Ulexite market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 0.67 million in 2024.
• The Greece Ulexite market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 0.38 million in 2024.
• The Rest of Europe's Ulexite market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 4.92 million in 2024.

Asia Pacific Ulexite Market

According to Cognitive Market Research, the global Ulexite market size was estimated at USD 105.9 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 24.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Ulexite market size was valued at USD 10.96 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. Rising ulexite demand in China's glass and ceramic industries.
• The Japan Ulexite market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 3.36 million in 2024.
• The India Ulexite market had a market share of USD 2.92 million in 2024 and is projected to grow at a CAGR of 16.3% during the forecast period. Growing demand in India's varied crops for fertilizers based on boron.
• The South Korean Ulexite market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 2.44 million in 2024.
• The Australian Ulexite market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 1.27 million in 2024.
• The Southeast Asia Ulexite market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 1.68 million in 2024.
• The Rest of Asia Pacific Ulexite market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 1.73 million in 2024.

South America Ulexite Market

According to Cognitive Market Research, the global Ulexite market size was estimated at USD 105.9 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 5.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Ulexite market size was valued at USD 2.27 million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. Brazil's use of fertilizers based on ulexite to increase crop productivity.
• Argentina's Ulexite market had a market share of USD 0.89 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. Argentina's construction and industrial application sectors are growing.
• Colombia's Ulexite market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 0.47 million in 2024.
• Peru Ulexite market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 0.43 million in 2024.
• Chile's Ulexite market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 0.38 million in 2024.
• The Rest of Latin America's Ulexite market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 0.85 million in 2024.

Middle East and Africa Ulexite Market

According to Cognitive Market Research, the global Ulexite market size was estimated at USD 105.9 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2.12 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031..

• The GCC Countries Ulexite market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 0.91 million in 2024. The utilization of ulexite in GCC countries for insulation and sustainable construction techniques.
• The Egypt Ulexite market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 0.22 million in 2024.
• The South Africa Ulexite market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 0.33 million in 2024. Growth of South African mineral mining operations for ulexite and other minerals.
• The Turkey Ulexite market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 0.18 million in 2024.
• The Nigeria Ulexite market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 0.22 million in 2024.
• The Rest of the MEA Ulexite market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 0.25 million in 2024.

Ulexite Market Analysis

How are Segments Performing in the Global Ulexite Market?

Ulexite Market Type Segment Analysis

According to Cognitive Market Research, the White category is likely to dominate the Ulexite Market over the forecast period. A rising number of sectors are requesting more white ulexite due to its distinctive optical characteristics and high boron concentration. Most of this demand is driven by its primary application in agriculture as a vital component of fertilizers high in boron, particularly in areas with soils poor in boron. Furthermore, the mineral is in high demand in the ceramics and glass industries because it improves heat resistance and durability. White ulexite's purity also makes it perfect for specific uses, such as the production of borosilicate glass for the solar energy and electronics industries, which increases demand for the material.

The Transparent category is the fastest-growing segment in the Ulexite Market. Transparent ulexite also referred to as "TV rock" because of its fiber-optic qualities, is in high demand for specialized and industrial uses. It is useful for optical experiments, decorative items, and instructional tools because of its exceptional capacity to transfer light via its fibers. The boron-rich clear ulexite is used in glass, ceramics, and fertilizers for agriculture. There is also a growing demand in specialist scientific research and design domains due to its optical features. Its contribution to the borosilicate glass industry for the high-tech and renewable energy sectors further increases its market appeal.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ulexite Industry. Request a Free Sample PDF!

Ulexite Market Application Segment Analysis

According to Cognitive Market Research, the Glass and Fiberglass segment holds the largest share of the market. Due to ulexite's high boron content, which improves the toughness, chemical stability, and heat resistance of glass products, the glass and fiberglass industries are major consumers of this mineral. Within the glass industry, ulexite plays a crucial role in the production of borosilicate glass, which is found in cookware, laboratory apparatuses, and advanced technology such as solar panels. The strength and thermal insulation qualities of fiberglass are enhanced, which is beneficial for the building and automobile sectors. The requirement for ulexite keeps rising since there is an increasing need for strong, high-performing glass and fiberglass.

In the Ulexite Market, the Agriculture segment has been expanding at a rapid pace. Because ulexite has a significant quantity of boron, which is necessary for proper plant growth, the agriculture industry is a major consumer of this mineral. In order to address boron deficits in soils, which can result in stunted plant development and low yields, ulexite is a crucial component of boron-based fertilizers. For example, boron has a major role in the reproductive growth and nutrient absorption of crops like corn, cotton, and alfalfa. Growing demand for ulexite-based fertilizers, especially in North America and Asia, is a result of global agricultural methods that emphasize micronutrient deficits and increasing crop yield.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ulexite End-User Segment Analysis

Ulexite Market End-User Segment Analysis

According to Cognitive Market Research, the agriculture industry segment holds the largest market share. Due to its potential to increase soil fertility and crop resilience, ulexite is in considerable demand in the agriculture sector. Being a naturally occurring supply of boron, ulexite facilitates better nutrient absorption, especially for crops like fruits, vegetables, and legumes that are susceptible to boron deficits. Farmers are using it more and more in sustainable agriculture and precision farming as they concentrate on raising the quality of their yields. In regions of Africa and Southeast Asia with low soil boron levels, ulexite-based fertilizers are particularly sought after since they aid in increasing food security and optimizing land usage.

Construction industry is anticipated to be the fastest-growing segment in the Ulexite market. Ulexite is largely needed in the construction sector since it is used to make borosilicate glass and insulating materials. Glass wool, a common insulating material in buildings, is made more resistant to heat and chemicals by the boron component of ulexite. Moreover, it fortifies and enhances the resilience of glass used in windows and other structural elements. The need for high-performance insulating materials, such as those containing ulexite, is growing as attention turns to sustainable and energy-efficient building practices. The necessity for ulexite in construction is further increased by its use in ceramic tiles and other construction supplies.

• Agriculture Industry
• Construction Industry
• Manufacturing Industry
• Others

Ulexite Distribution Channel Segment Analysis

Ulexite Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Direct sales segment dominates the market. Ulexite direct sales channels are becoming more and more popular, especially in sectors where specialized supply and reliable quality are essential. Businesses in the glass and agricultural industries frequently favor direct purchases from suppliers in order to guarantee dependable sourcing and customized product specifications. To address the precise nutrient needs of their crops, large-scale agricultural cooperatives, for instance, can buy ulexite-based fertilizers directly from mining corporations. Thus, glass producers may enter into direct agreements with ulexite suppliers in order to ensure a consistent supply for the manufacturing of borosilicate glass. By cutting out intermediaries, this direct sales strategy offers better pricing and increased supply chain management.

The Distributors category is projected to be the fastest-growing segment in the Ulexite market. Distributors bridge the gap between suppliers and end-users, which is critical in satisfying the increasing demand for ulexite across diverse industries. A vast array of ulexite goods are supplied by distributors to industries such as glass, ceramics, and agriculture, guaranteeing prompt delivery and accessibility in the area. To help farmers in remote areas handle crop boron deficits, agricultural distributors, for instance, frequently offer fertilizers based on ulexite. Similar to this, producers of glass and ceramics depend on distributors to supply ulexite in large quantities so that their manufacturing processes are consistently supplied and they may take advantage of the distributors' logistical networks.

• Direct sales
• Distributors
• Online sales

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion