Global Ulexite Market Is Anticipated To Reach USD 511.7 Million By 2035 | CAGR of 4.8%
Category: Chemicals & MaterialsGlobal Ulexite Market Is Anticipated To Reach USD 511.7 Million By 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Ulexite Market Size is estimated to Grow from USD 305.4 Million in 2024 to USD 511.7 Million by 2035, at a CAGR of 4.8% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Ulexite Market Size, Share, and COVID-19 Impact Analysis, By Type (White and Transparent), By Application (Agriculture, Glass and Fiberglass, Oilfield, Ceramics, Pulp and Paper, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ulexite-market
The ulexite market involves the production and use of ulexite, a key source of boron compounds essential for ceramics, glass, fertilizers, and specialty chemicals. Borates enhance thermal resistance, durability, and strength in glass and ceramic products, driving demand from construction, electronics, and renewable energy sectors. Growing awareness of soil health and the need to improve crop yields in boron-deficient regions is increasing the use of boron fertilizers. Additional growth factors include expansion of fiberglass, insulation, automotive, and wind energy industries, which rely on borosilicate glass. Market opportunities include producing low-impurity, high-grade ulexite for optical and electronic applications, supported by rising investments and a shift toward advanced and sustainable farming practices. The ulexite market faces constraints from limited natural availability, geographic concentration, and high mining and purification costs.
The white segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the ulexite market is divided into white and transparent. Among these, the white segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The white ulexite grade is favored for glass and ceramic production due to low impurities and uniform quality, improving product durability and clarity. Its application in fertilizers and chemical formulations also sustains consistent demand, especially in regions prioritizing soil micronutrient enrichment.
The agriculture segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the ulexite market is divided into agriculture, glass and fiberglass, oilfield, ceramics, pulp and paper, and others. Among these, the agriculture segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. By improving crop yields and quality, Ulexite has gained wider acceptance among farmers and fertilizer manufacturers. Increasing focus on sustainable agriculture and balanced nutrient application has further driven demand, reinforcing agriculture as the leading segment in the global ulexite market.
Asia Pacific is expected to hold the majority share of the global ulexite market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global ulexite market during the forecast period. The region’s leadership is driven by a broad agricultural expansion, increasing use of boron-enriched fertilizers, and accelerating industrial growth in major economies such as China, India, and Indonesia. As a primary boron source, ulexite supports rising demand for soil micronutrient enrichment, particularly in intensive, high-yield farming areas.
North America is anticipated to grow at the fastest pace in the global ulexite market during the forecast period. North America’s ulexite market is projected to grow rapidly due to rising demand from agriculture, glass, ceramics, and renewable energy industries, along with increased use of boron-based fertilizers, technological advancements, and strong government support for critical mineral production and supply chain security.
Major vendors in the global ulexite market are Minera Santa Rita, BISLEY, ETI MADEN, Quiborax S.A., American Borate Company, Rio Tinto Group, Industrial Tierra S.A., Inca Mining Pty Ltd, Orocobre Limited, InCide Technologies Inc., Searles Valley Minerals Inc., Inkabor S.A.C., Dalian Jinma Boron Technology Group Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2025, India amended the Fertiliser Control Order to include multi-nutrient blends with N, P, K, and elements like boron, calcium, and magnesium. The update also revises nano-fertiliser specifications, including nano zinc and copper, enabling tailored applications for improved soil health, crop yields, and overall agricultural productivity.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the ulexite market based on the below-mentioned segments:
Global Ulexite Market, By Type
- White
- Transparent
Global Ulexite Market, By Application
- Agriculture
- Glass and Fiberglass
- Oilfield
- Ceramics
- Pulp and Paper
- Others
Global Ulexite Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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