Zinc Borate Market
The market for Zinc Borate was estimated at $756 million in 2024; it is anticipated to increase to $1.15 billion by 2030, with projections indicating growth to around $1.64 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Zinc Borate Market Outlook
Revenue, 2024
$756M
Forecast, 2034
$1.53B
CAGR, 2025 - 2034
7.3%
The Zinc Borate industry revenue is expected to be around $811.2 million in 2025 and expected to showcase growth with 7.3% CAGR between 2025 and 2034. From flame retardants to ceramics. Creating vast opportunities for expansion and development due, to its fire resistant characteristics and adaptable uses that contribute to industrial advancements and safety improvements.
Zinc Borate is an inorganic compound known for its distinct qualities such as strong thermal resistance and durability against water and UV light exposure. It plays a role in recent progress across different industries. Particularly in the growing demand for flame retardant products due to its effectiveness, in reducing smoke and afterglow.
Market Key Insights
- The Zinc Borate market is projected to grow from $756.0 million in 2024 to $1.53 billion in 2034. This represents a CAGR of 7.3%, reflecting rising demand across Flame Retardant Additives, Agricultural Pesticides and Wood Composites and Building Materials.
- Borax, Lanxess (Chemtura), Zibo Wuwei Industrial are among the leading players in this market, shaping its competitive landscape.
- China and U.S. are the top markets within the Zinc Borate market and are expected to observe the growth CAGR of 4.7% to 7.0% between 2024 and 2030.
- Emerging markets including Turkey, Brazil and Malaysia are expected to observe highest growth with CAGR ranging between 8.4% to 10.1%.
- Transition like Shift to Green Building Materials is expected to add $42 million to the Zinc Borate market growth by 2030.
- The Zinc Borate market is set to add $773 million between 2024 and 2034, with manufacturer targeting Wood Preservations & Plastics Applications projected to gain a larger market share.
- With
increased demand in flame retardants, and
technological innovations in manufacturing, Zinc Borate market to expand 102% between 2024 and 2034.
Opportunities in the Zinc Borate
Zinc borate shows potential in the agriculture industry as both a pesticide and fertilizer offering benefits, for crop protection and growth enhancement.
Growth Opportunities in North America and Europe
In North America. Mainly driven by the United States. The Zinc Borate market is extensive due to its use in industrial sectors like manufacturing and construction that require flame retardant materials. The demand has surged with the growth in these industries and strong competition among existing players in the region vying for a market share is evident. Technological advancements in production methods indicate opportunities for further growth and expansion, in the sector.
In Europe's market landscape is changing due to fire safety rules driving the need for Zinc Borate products to rise in demand steadily In the market share race the UK and Germany are leading with their heightened use of these products in wood composites and textiles Eastern Europe shows potential, for growth as industries expand offering new market opportunities
Market Dynamics and Supply Chain
01
Driver: Increased Demand in Flame Retardants, and Growth in the Construction Industry
The increasing need for Zinc Borate in the fire retardant sector is also a contributor to market expansion as it offers exceptional flame resistant qualities that are also vital in items such, as textiles and construction materials. The Zinc Borate market is also benefiting from the increasing activity in the construction sector globally because Zinc Borate is also commonly employed as a fire retardant and smoke suppressant in building materials. The continuous rapid urbanization across the globe and the subsequent increase, in construction work are also projected to boost this demand more.
Many companies are also looking to enhance their manufacturing processes with advancements to improve production efficiency and product quality, which is also a significant factor driving the growth of the Zinc Borate market This push for innovation could also lead to the introduction of higher quality zinc borate products, in the market.
02
Restraint: Strict Regulatory Landscape
The stringent and constantly changing regulations from authorities worldwide are a significant obstacle to the expansion of the Zinc Borate market. In areas with stringent environmental laws such, as Europe and North America where failing to comply can result in severe fines and even business license revocation reflects a noteworthy challenge faced by industry participants linked to the use and disposal of Zinc Borate.
03
Opportunity: Rising Application in Flame Retardants and Uptake in Wood Preservation
The growing focus on fire safety across sectors is leading to a rising need for efficient flame retardants. Zinc borate stands out for its flame retardant characteristics and is seeing a growing use in a variety of areas such as household gadgets, car parts and electronic equipment. The increasing demand for these items is creating possibilities, for the expansion of the Zinc borate market.
The increasing emphasis on building methods has led to a significant increase in the use of Zinc borate for preserving wood materials in construction projects. Zinc borates qualities as an eco friendly pesticide and fungicide have made it a popular choice for protecting wood in the construction sector. This unique use of Zinc borate shows promise, for expanding its market reach.
04
Challenge: Highly Competitive Market
The market, for Zinc Borate is fiercely competitive as numerous major players compete for a slice of the market share. This intense competition leads to price battles and shrinking profit margins which ultimately hinder the markets expansion.
Supply Chain Landscape
1
Raw Material Acquisition
Teck Resources LtdGlencore
2
Zinc Borate Production
BoraxSigma-Aldrich
3
Distribution & Wholesale
BrenntagUnivar Solutions
4
End Users
Fire Retardants IndustryPaints and Coatings IndustryTextile Industry
1
Raw Material Acquisition
Teck Resources LtdGlencore
2
Zinc Borate Production
BoraxSigma-Aldrich
3
Distribution & Wholesale
BrenntagUnivar Solutions
4
End Users
Fire Retardants IndustryPaints and Coatings IndustryTextile Industry
Use Cases of Zinc Borate in Flame Retardant Additives & Agricultural Pesticides
Flame Retardant Additives : The usage of Zinc Borate as a flame retardant additive is growing in popularity in industries such as plastics and textiles due to its toxicity and enhanced functionality compared to conventional retardants like Borax Inc and Alpha Chemicals Pvt Ltd that are leading players, in this sector.
Wood Composites and Building Materials : Zinc Borate is widely utilized in the production of wood composites and construction materials to act as a preservative that enhances the longevity and resilience of such products. This application not provides environmental advantages but also proves cost effective for companies like Venator Materials PLC and Ozark Chemical Company by giving them a competitive advantage, in the market.
Agricultural Pesticides : The fungicidal and insecticidal traits of Zinc Borate are beneficial in creating pesticides that offer a safer and eco friendly option for protecting crops in the market sector with companies like Mosselman S. A and Chemical & Mineral Industries Pvt Ltd leading the way, in its application.
Recent Developments
Lately there has been a growing need for zinc borate as it is known for its effectiveness in fire prevention and limiting smoke emissions in sectors like plastics manufacturing textiles and electronics industry This rise, in demand has prompted leading industry players to ramp up their production capabilities to ensure a consistent product supply
December 2024 : Sigma Aldrich Corporation made a decision to include Advanced Zinc Borate products in their catalog to expand their offerings. This upgrade is expected to enhance fire resistance.
October 2024 : Cabot Corporation and Borax Inc. through an effort brought forth ZS7. A cutting edge addition to the Zinc Borate sector with a focus, on the paints and coatings field.
July 2024 : Umicore SA/NV expanded its Zinc Borate product line by introducing eco options catered towards the sustainable construction materials sector.
Impact of Industry Transitions on the Zinc Borate Market
As a core segment of the Specialty Chemicals industry,
the Zinc Borate market develops in line with broader industry shifts.
Over recent years, transitions such as Shift to Green Building Materials and Stringent Safety Regulations Boost Demand have redefined priorities
across the Specialty Chemicals sector,
influencing how the Zinc Borate market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift to Green Building Materials
The growing focus on friendly and fire resistant building materials in the construction industry is pushing changes in the Zinc Borate market. Zinc Borate as a halogen fire retardant is experiencing a rise in demand due to global initiatives and consumer preferences shifting towards sustainable and safe options, for building materials.
02
Stringent Safety Regulations Boost Demand
The implementation of rigorous safety measures in sectors such as plastics, textiles and wood composites has greatly increased the need for Zinc Borate. Businesses are utilizing Zinc Borates fire retardant characteristics to adhere to the safety standards in place resulting in a noticeable transformation, in its market dynamics.