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High Purity Boron Market

High Purity Boron Market Analysis by Product Type (5N High Purity Boron & 6N High Purity Boron) By Application (Silicon Wafers, Industrial, Aerospace & Military) By Region, Forecast 2022-2032)

Analysis of High Purity Boron market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global High Purity Boron Market Outlook

The global high purity boron market is estimated at USD 1,057.4 Million in 2022 and is forecast to surpass USD 1,498.7 Million by 2032, growing at a CAGR of 3.5% from 2022 to 2032.

Report Attributes


Base Year Value (2021A)

USD 1,026.6 Million

Estimated Year Value (2022E)

USD 1,057.4 Million

Projected Year Value (2032F)

USD 1,498.7 Million

Global Growth Rate (2022-2032)

 CAGR 3.5%

North America Market Share in 2021


North America Growth Rate (2022-2032)

CAGR ~3.9%

Collective Value Share (US, China, India) 2022: Top 3 Countries


Top 5 Companies Market Share in 2021


Key Companies Profiled

  • SB Boron
  • H.C. Starck GmbH
  • SkySpring Nanomaterials Inc.
  • CRS Chemicals
  • Boading Zhongpuruituo Technology
  • New Metals and Chemicals Ltd.
  • Noah Technologies Corporation
  • YingKou Liaobin Fine Chemicals
  • Dandong Chemicals Engineering Institute (DCEI)
  • Tangshan Weihao Magnesium Powder
  • Other Market Players

The global high purity boron market is likely to create an absolute dollar opportunity of USD 441.3 Million by the end of 2032. The global high purity boron market holds ~42% of the global boron market.

2017-2021 Global High Purity Boron Market Outlook in Comparison to 2022-2032 Growth Forecast

In the recent years, high purity boron has been gaining increasing adoption in semiconductor industry and in laser technology. Addition of small amounts of high purity boron can modify the electrical properties of semiconductor materials. High purity boron is relatively expensive as compared to the regular variant and is usually sold in powdered form. Rising scope of application of high purity boron such as a cleaning agent in smelting process of copper and steel alloy, to remove gas is likely to influence growth of high purity boron market. They can also be used to produce borides, in medicine, and in ceramic industries.

High purity boron market is expected to gain high traction in the coming years, owing to increasing use as raw material for the control rod of atomic reactor and as catalyst in organic synthetic process. Insolubility of high purity boron in water, alcohol, hydrochloric acid, and ether is the key demand driving determinant. Top players operating in high purity boron market are focusing on the development of enriched products for specific applications. Emerging trends of incorporating nano-materials across various industries are likely to expand the application of high purity boron which in turn favors the market growth.

Fact.MR projects the high purity boron market is expected to witness exhibiting growth at 3.5% CAGR during 2022 and 2032 in comparison to a CAGR of 2.2% with which it grew from 2017 and 2021.

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Features Supporting High Purity Boron Market Growth

High purity metal industry experiences the pressure of providing better performance, quality, and affordability. High purity boron is highly sought after in the electronics industry. Further, it is utilized as a semiconductor dopant (for monocrystalline silicon doping), target material, coating or hardening agent, oxygen scavenger, refractory additive, and neutron absorber in nuclear reactor controls. Boron carbide is used in lightweight armor applications for military purposes.

Absent in free form, boron is naturally found as compounds of borates, colemanite, and orthoboric acid. Worldwide industries utilize mainly four forms of borate minerals including colemanite, kernite, tincal, and ulexite to produce different forms of boron. Turkey and the United States hold the largest resources of boron, followed by North America, South America, Europe, and Asia.

According to the U.S. Geological Survey, Approximately 70% of all deposits present in Turkey are colemanite. The deposits present in the U.S. consist majorly of tincal, kernite, and borates contained in brines, and to a lesser extent ulexite and colemanite. It has been estimated that at the current level of boron consumption, the world resources are adequate for future utilization.

Manufacturers deliver different grades of high purity boron starting from 99% to 99.9999% according to the end-user application. The highest purity levels are also sold under the name of ultra-high purity boron. As demand for high purity metals is rising, only a number of global manufacturers are dominating the global. However, other specialty chemical providers are gradually entering the global market with different purity grades of boron.

Disruptive Growth of Semiconductor Industry to Fuel Utilization

According to the World Semiconductor Trade Statistics’ (WSTS) latest forecast, the global semiconductor market is expected to reach US$ 451 billion in 2018, representing 9.5% of overall market growth. Rising penetration of artificial intelligence (AI), Internet of Things (IoT), and cloud based technology has fueled the use of optoelectronics and sensors.

Increased adoption of these devices has led to the rapid growth of the semiconductors industry. High purity boron is used in the manufacturing of silicon wafers where it is one of the elements used in the doping process along with other metals such as phosphorous and gallium. With the growing utilization of semiconductors, demand for high purity metals including boron is likely to rise in the foreseeable future.

High Purity Boron Market

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Advances in Nanomaterial Technology to Influence Future Market Growth

Nanomaterials have now become an integral part of several industries including construction, packaging, healthcare, electrical and electronics, chemical products, and energy among others. High melting points, hardness, low density and electron-deficient nature of boron make it suitable for the development of nanomaterials such as boron nanowires, nanotubes, nanobelts, nanoribbons, and nanosheets among others. Boron nanomaterials find application in hydrogen storage, batteries, catalyst, superconductors, and other electronic components.

Further, research in the field of boron nanomaterials in underway to enhance its application potential. For instance, recently a combination of hexagonal boron nitride and graphene has been studied to enhance the capacities of valleytronics, an emerging field of semiconductor technology. Another study on boron nitride nanotubes (BNNTs) has revealed that BNNT microfibrils remain stable at higher temperatures such as 1000OC. The observation can be further extended in the aircraft industry to use BNNTs as an alternative to carbon nanotubes (CNTs).

In conclusion, the global high purity boron market growth is mainly spurred by the expansion of semiconductor industry as well as innovations in nanomaterial technology. Details highlighted are thoroughly discussed in the report, providing the most credible source of the research for the global high purity boron market.

Competitive Landscape: Top Companies in High Purity Boron Market

The global high purity boron market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of high purity boron.

Fact.MR has provided detailed information about price points of key manufacturers in high purity boron market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • H.C. Starck GmbH in 2019 underwent new branding efforts to be known as H.C. Starck Solutions. This branding initiative will support them being a solution based provider and will also strengthen the brand image of the company in the marketplace

Global High Purity Boron Market by Category

  • By Product Type, Global High Purity Boron Market is segmented as:

    • 5N High Purity Boron
    • 6N High Purity Boron
    • Other Product Types
  • By Application, Global High Purity Boron Market is segmented as:

    • Silicon Wafers
    • Industrial
    • Aerospace
    • Military
    • Others
  • By Region, Global High Purity Boron Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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- FAQs -

The global value of high purity boron market is estimated to be worth over USD 1,057.4 Million in 2022.

The demand is anticipated to surpass USD 1,498.7 Million by 2032 end.

During 2017-2021, global high purity boron market grew at 2.2% CAGR.

Some of the prominent players in high purity boron market are SB Boron, SkySpring Nanomaterials Inc., CRS Chemicals, Noah Technologies Corporation, YingKou Liaobin Fine Chemicals, etc.

North America tops the global high purity boron market accounting for 35.1% of global market share in 2022.

6N segment under the product type segment contributes 41.3% of market share in global sales of high purity boron.

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