Global tributyl borate market size was valued at USD 540 million in 2024. The market is projected to grow from USD 580 million in 2025 to USD 830 million by 2032, exhibiting a CAGR of 5.2% during the forecast period. This sustained expansion is primarily driven by increasing industrial applications in flame retardants, lubricants, and specialty coatings, particularly within developing economies where manufacturing sectors are rapidly modernizing.