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Zinc Borate Market
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Zinc Borate Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1309006, Published - January 2025

Segmented in Application (Industrial Grade, Laboratory Grade), End User (Textile Industry, Rubber Industry, Fiberglass Industry, Ceramic Industry), Product Type, Manufacturing Process and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Zinc Borate Market Outlook

The increasing global demand for Zinc Borate reflects its presence in various industries today. The market, for Zinc borate was estimated at $156.3 million in 2024. It is anticipated to increase to $242.6 million by 2030 with projections indicating a growth to around $350 million by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.6% over the forecast period. 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 Size Forecast & Key Insights

2019
$156M2024
2029
$325M2034

Absolute Growth Opportunity = $169M

The Zinc Borate market is projected to grow from $156.3 million in 2024 to $325 million in 2034. This represents a CAGR of 7.6%, reflecting rising demand across Flame Retardant Additives, Agricultural Pesticides and Wood Composites and Building Materials.

The Zinc Borate market is set to add $169 million between 2024 and 2034, with manufacturer targeting Rubber Industry & Fiberglass Industry End User projected to gain a larger market share.

With Increased demand in flame retardants, and Technological innovations in manufacturing, Zinc Borate market to expand 108% between 2024 and 2034.

Opportunities in the Zinc Borate Market

Advancing Role in Agriculture

Zinc borate shows potential in the agriculture industry as both a pesticide and fertilizer offering benefits, for crop protection and growth enhancement.

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.

Growth Opportunities in North America and Europe

Europe Outlook

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

North America Outlook

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.

North America Outlook

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.

Europe Outlook

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

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : China, United States, Germany, India, Japan are expected to grow at 4.9% to 7.3% CAGR

2

Emerging Markets : Turkey, Brazil, Malaysia are expected to grow at 8.7% to 10.5% CAGR

Market Analysis Chart

The increased need for zinc borate as a flame retardant and smoke suppressant has led to a rise in demand in response to heightened worries about fire safety across industries like rubber and plastic manufacturing textiles and the electronics sector due, to its versatile qualities making it widely accepted within these business sectors—a trend that is pushing market growth upwards.

Recent Developments and Technological Advancement

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.

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

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.

1

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.

2

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.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Specialty Chemicals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Specialty Chemicals industry cascade into the Zinc Borate market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

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.

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.

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

Raw Material Acquisition

Teck Resources Ltd

Glencore

Zinc Borate Production

Borax

Sigma-Aldrich

Distribution & Wholesale
Brenntag / Univar Solutions
End Users
Fire Retardants Industry / Paints and Coatings Industry / Textile Industry
Raw Material Acquisition

Teck Resources Ltd

Glencore

Zinc Borate Production

Borax

Sigma-Aldrich

Distribution & Wholesale

Brenntag

Univar Solutions

End Users

Fire Retardants Industry

Paints and Coatings Industry

Textile Industry

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Flame Retardant
Chemicals and Plastics
Borax, Chemtura, US Borax
Diversification of product portfolio, Innovation in fire-resistant properties, Increased investment in R&D
Smoke Suppressant
Building Industry
Borax, US Borax, CHT Group
Development of safer, eco-friendly products, Strategic partnerships and collaborations, Re-investment in infrastructure
Anticorrosive
Metal Industry
Chemtura, Borax, CHT Group
Innovations in new formulations, Expansion in global markets, Increasing production capacity
Wood Preservative
Plywood Industry
US Borax, CHT Group, Borax
Sustainable production practices, Advancements in wood treatment techniques, Focus on non-toxic solutions

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Zinc Borate market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Zinc Borate in Flame Retardant Additives, Agricultural Pesticides and Wood Composites and Building Materials

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.

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.

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.

Zinc Borate vs. Substitutes:
Performance and Positioning Analysis

Compared to options available on the market zinc borate stands out for its exceptional flame retardant and smoke suppressing qualities. Its versatility makes it a popular choice in industries such as construction, textiles and electrical engineering due, to its long lasting market appeal.

Zinc Borate
  • Aluminum Hydroxide /
  • Magnesium Hydroxide /
  • Antimony Trioxide
    High thermal stability, excellent flame retarding property
    Limited water solubility, potential health risks upon prolonged exposure
    Low toxicity levels, environment friendly
    Lower fire-retardant properties, expensive to produce

Zinc Borate vs. Substitutes:
Performance and Positioning Analysis

Zinc Borate

  • High thermal stability, excellent flame retarding property
  • Limited water solubility, potential health risks upon prolonged exposure

Aluminum Hydroxide / Magnesium Hydroxide / Antimony Trioxide

  • Low toxicity levels, environment friendly
  • Lower fire-retardant properties, expensive to produce

Compared to options available on the market zinc borate stands out for its exceptional flame retardant and smoke suppressing qualities. Its versatility makes it a popular choice in industries such as construction, textiles and electrical engineering due, to its long lasting market appeal.

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Research Methodology

This market research methodology defines the Zinc Borate market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Specialty Chemicals ecosystem, we analyze Zinc Borate across Textile Industry, Rubber Industry, and Fiberglass Industry Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Chemtura Corporation, Italmatch Chemicals, and Borax Morarji by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Zinc Borate Production, and Distribution & Wholesale. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Specialty Chemicals revenues to estimate the Zinc Borate segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (Teck Resources Ltd, Glencore), Zinc Borate Production (Borax, Sigma-Aldrich), and Distribution & Wholesale. Our parallel substitute analysis examines Aluminum Hydroxide, Magnesium Hydroxide, and Antimony Trioxide, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Chemtura Corporation, Italmatch Chemicals, and Borax Morarji, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Zinc Borate market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Zinc Borate Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 168 million
Revenue Forecast in 2034USD 325 million
Growth RateCAGR of 7.6% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024156 million
Growth OpportunityUSD 169 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024156 million USD
Market Size 2027194 million USD
Market Size 2029225 million USD
Market Size 2030242 million USD
Market Size 2034325 million USD
Market Size 2035349 million USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredApplication, End User, Product Type, Manufacturing Process
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledChemtura Corporation, Italmatch Chemicals, Borax Morarji, Zibo Wuwei Industrial, Royce International, Boron Compounds, SCL Italia, Wallace FR Flame Retardants, C-Tech Corporation, Shandong Chuanjun Chemical, Richest Group and Anhui Shenjian New Materials
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Zinc Borate Market Size, Opportunities & Strategic Insights, by Application

4.1Industrial Grade
4.2Laboratory Grade
Chapter 5

Zinc Borate Market Size, Opportunities & Strategic Insights, by End User

5.1Textile Industry
5.2Rubber Industry
5.3Fiberglass Industry
5.4Ceramic Industry
Chapter 6

Zinc Borate Market Size, Opportunities & Strategic Insights, by Product Type

6.12ZnO3 B2O33.5H2O
6.22ZnO3B2O3
Chapter 7

Zinc Borate Market Size, Opportunities & Strategic Insights, by Manufacturing Process

7.1Direct Synthesis
7.2Fusion Method
Chapter 8

Zinc Borate Market, by Region

8.1North America Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Zinc Borate Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Chemtura Corporation
9.2.2Italmatch Chemicals
9.2.3Borax Morarji
9.2.4Zibo Wuwei Industrial
9.2.5Royce International
9.2.6Boron Compounds
9.2.7SCL Italia
9.2.8Wallace FR Flame Retardants
9.2.9C-Tech Corporation
9.2.10Shandong Chuanjun Chemical
9.2.11Richest Group
9.2.12Anhui Shenjian New Materials