Product Code: ETC192816 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India borax market import shipments demonstrated robust growth with a high CAGR from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024, indicating a minor slowdown in the market expansion momentum. Overall, the market trend shows strong expansion followed by a stabilization phase.
India is one of the largest markets for borax in Asia Pacific. The country has been witnessing an increasing demand for this mineral from various end-use industries such as pharmaceuticals, cosmetics, and others over the past few years. Rising awareness about the importance of using boron compounds to improve crop yield and soil composition have further accelerated its demand in India. Some factors driving growth in India Borax market include rising population leading to increased agricultural activities, government initiatives promoting usage of fertilizers containing borates minerals, increasing use of borate compounds as fire retardants by textiles & furniture industry etc. Growing urbanization is also expected to fuel the future growth prospects for Borax market in India during forecast period 2025-2031.
The growing demand for glass products in construction activities is driving up the consumption of Borax in India markets. Additionally, new innovations being made in ceramic tiles are also fueling the growth of Borax usage as a flux agent during firing processes. Apart from this, rising agricultural output coupled with government initiatives aimed at promoting organic farming techniques will further aid the growth prospects for Borax market in India over the forecast period (2025-2031).
Despite various positives associated with Boron compounds like being low cost and non toxic nature availability remains an issue because most countries do not produce large quantities domestically but rather import them from abroad thereby resulting high prices which affects affordability among lower income groups or people living remote areas where transportation costs can be higher than other parts of country thus creating supply chain disruption issues affecting both buyers & sellers across India market. Moreover , stringent environmental regulations regarding disposal & recycle process are majorly impacting revenue generation opportunities since improper disposal over long term may lead serious health concerns amongst population.
Some major players operating in Indiaboron oxide industry include Shree Baidyanath Ayurved Bhawan Pvt Ltd., Iolite Corporation Private Limited., GHCL Limited., Hindustan National Glass Industries Ltd (HNG), TATA Chemicals Limited etc. These companies are actively engaged either through their own or through joint ventures/collaborations with others local players. Companies are focusing more towards backward integration so that they can reduce dependence on imported raw material by setting up captive refineries within their premises.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Borax Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Borax Market Revenues & Volume, 2021 & 2031F |
3.3 India Borax Market - Industry Life Cycle |
3.4 India Borax Market - Porter's Five Forces |
3.5 India Borax Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Borax Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Borax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for boron-based products in industries like agriculture, glass, ceramics, and detergents. |
4.2.2 Increasing adoption of borax as a raw material in manufacturing processes. |
4.2.3 Rise in awareness about the benefits of borax in various applications. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs. |
4.3.2 Stringent regulations related to environmental impact and safety concerns. |
4.3.3 Competition from alternative chemicals affecting market share. |
5 India Borax Market Trends |
6 India Borax Market, By Types |
6.1 India Borax Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Borax Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Borax Market Revenues & Volume, By Anhydrous Borax, 2021-2031F |
6.1.4 India Borax Market Revenues & Volume, By Borax Pentahydrate, 2021-2031F |
6.1.5 India Borax Market Revenues & Volume, By Borax Decahydrate, 2021-2031F |
6.2 India Borax Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Borax Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 India Borax Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.4 India Borax Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.2.5 India Borax Market Revenues & Volume, By Detergents, 2021-2031F |
6.2.6 India Borax Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.7 India Borax Market Revenues & Volume, By Electronics, 2021-2031F |
7 India Borax Market Import-Export Trade Statistics |
7.1 India Borax Market Export to Major Countries |
7.2 India Borax Market Imports from Major Countries |
8 India Borax Market Key Performance Indicators |
8.1 Average selling price of borax products. |
8.2 Number of new product developments or innovations in the borax market. |
8.3 Growth rate of end-user industries utilizing borax in their processes. |
8.4 Adoption rate of sustainable practices in borax production. |
9 India Borax Market - Opportunity Assessment |
9.1 India Borax Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Borax Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Borax Market - Competitive Landscape |
10.1 India Borax Market Revenue Share, By Companies, 2024 |
10.2 India Borax Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |