According to a new report by UnivDatos, The Global Ulexite Market was valued at USD 171.08 million in 2024 and is expected to grow at a CAGR of around 6.34% during the forecast period (2025–2033F).

The ulexite market is globally on steady growth due to the rising demand for eco-friendly ulexite applications in agriculture, glass production, and high-tech ceramics. The peculiar features of ulexite, including a large level of solubility and a naturally high level of boron, make it possible to use the element in fertilizers and specialty chemicals. With industries demanding a more sustainable and efficient substitute, ulexites have expanded, as they could deliver multiple advantages, such as better soil health and higher crop yields. Recent changes in its extraction and processing methods contribute to an even greater attraction to the market, which guarantees a higher quality and efficient production. Moreover, an increasing level of demand for boron as a renewable energy technology and manufacturing elements of power batteries in electric vehicles is driving the growth. With the rising demand to adopt greener means, the ulexite market will only gain further ground in the various industries.

Rio Tinto      

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining and alumina refining, smelting, and recycling. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining and processing of borates, titanium dioxide feedstock, and iron concentrate and pellets; diamond mining, sorting, and marketing; and development projects for battery materials, such as lithium. It also owns and operates open pit and underground mines; refineries, smelters, processing plants, power, and shipping facilities. The company was founded in 1873 and is headquartered in London, the United Kingdom.

Eti Maden   

Eti Maden Isletmeleri Genel Müdürlügü engages in the exploration, production, and marketing of boron minerals. Its products are used in cleaning products, agriculture, metallurgy and materials, ceramic, wood protection, glass products, insulation, textile type fiberglass, construction and cement, automobile, health, missile/flight fuels, boron solid fuels/fuel cells, energy production and heat storage, fiber optic, cosmetics, rubber and plastics industry, photography, explosive substances, antifreezes and hydraulic oils, abrasives and corrosives, composite materials, magnetic devices, advanced technology researches (molecular biology), mummification, and other uses, as well as oil dyes, non-combustible and insoluble dyes, and textile dyes. The company sells its products through agencies and distributors in Turkey and internationally. Eti Maden Isletmeleri Genel Müdürlügü was formerly known as Eti Holding, Inc. and changed its name to Eti Maden Isletmeleri Genel Müdürlügü in January 2004. The company was founded in 1935 and is based in Ankara, Turkey. It has additional offices in Ankara, Balikesir, Eskisehir, Kutahya, and Istanbul, Turkey.           

American Borate Company

American Borate Company, L.L.C. operates as a supplier of borates, providing various boron products for multiple applications. It offers borates for agriculture, ceramics, fiberglass, detergents, and other uses, including EPA-registered products for insecticides and cleaning formulations. American Borate Company, L.L.C. serves clients across multiple markets and has established a distributor network to meet customer needs.         

Minera Santa Rita S.R.L. (MSR) is a family-owned company that specializes in the extraction, production, and international marketing of Borates, its derivatives, and other specialties. The company owns mining reserves located in the main salt lakes of the Los Andes region of Argentina and operates at a rate of 60,000 tpa, with reserves of over 2,000,000 tons. MSR has production lines for refined borates, granular boron, spray dryer plants, flash dryers, and granular dryers. The products are exported to a client portfolio that includes companies from 20 countries worldwide.

Inkabor S.A.C.                    

Inkabor SAC is a leading producer of Boro in South America and a subsidiary of the Colorobbia Group. Their products are used as raw materials and final products in various industries, with a focus on agriculture, specifically as fertilizers for edibles and foliar use. Their main products include granular boronic acid in different grades, dehydrated borax, tetrahydrated sodas, and granular ulexite.            

The market is driven by the rising need for fertilizers to boost market growth, growing boron demand in agriculture & boron-driven applications, and technological improvements in extraction & processing.

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