Global Zinc Borate Market to Reach $139.5 Million by 2029

A new industry report reveals the global zinc borate market is on a steady growth trajectory. Valued at approximately $101.4 million in 2023, it is projected to hit $139.5 million by 2029 with a 5.5% CAGR. Asia-Pacific dominates the market, expected to reach $92 million by 2029, followed by North America ($26 million) and Europe ($16 million).

The plastic industry accounts for 46% of demand, while 3.5-hydrate zinc borate captures 79.9% of product share. Stringent fire safety regulations across construction, automotive, and electronics sectors drive demand, though competition from alternative flame retardants and raw material price volatility pose challenges.