According to a new report published by Data Bridge Market Research, titled, "Boric Acid Market," The Boric Acid market size is growing at a CAGR of 5.60% from 2021 to 2028.
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Scope & Size
Chapter Three: Market Analysis & Insight
Chapter Four: Market Regional Level Analysis
Chapter Five: Market Share Analysis
Chapter Six: Market Key Players
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Some of the key questions answered in this report:
- At what growth rate will the market be projected to grow during the forecast period of 2021 to 2028?
- Which market segments are covered in this report?
- Who are the major players operating in the market?
- Which countries data are covered in the report?
BORIC ACID Scope and Market Size
- The boric acid market is segmented on the basis of purity grade, application, end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of purity grade, the boric acid market is segmented into <995.60% and ≥995.60%.
- On the basis of application, the boric acid market is segmented into glass and fiberglass, medical, personal care, flame retardants, wood preservatives, pest control, nutritional supplements and others.
- On the basis of end user, the boric acid market is segmented into fiberglass industry, building and construction, ceramics, pharmaceuticals and others.
- On the basis of distribution channel, the boric acid market is segmented into wholesale, e-commerce, retail shop, hypermarket/supermarket, independent shop and convenient shop.
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Market Analysis and Insights: BORIC ACID
- Boric acid also called hydrogen borate, boracic acid and orthoboracic acid refers to an odorless, white and weak monobasic acid. It displays a crystalline structure generally available as a water-soluble powder form and antibiotic properties against both bacterial and fungal infections. This naturally occurring compound consisting of element boron exists in powder form as well as a white powder or colorless crystals. It is consumed in both industrial and household applications in the manufacturing of textile fibre glasses, soldering operations and making lubricants and also utilized as antibacterial compound, flame retardant, insecticides, antiseptic and to treat boron deficiencies in plants.
- The rise in demand for boric acid in energy saving appliances such as insulation of residential and commercial buildings, acts as one of the major factors driving the boric acid market. The growing rate of building and construction activities, because of increase in per capita income, increasing popularity of the product in fiberglass insulation and growth in awareness of energy conservation methods accelerate the boric acid market growth. The increasing popularity of the product in fiberglass insulation, rise in growing demand for borate and boron products in the oil and gas sector as a viscosity and Ph modifier and increase in demand for consumer electronics and glazed ceramics further influence the boric acid market. Additionally, rapid urbanization, industrialization, growing energy needs, rising per capita income and employment rate and expansion of industries globally positively affect the boric acid market. Furthermore, rise in demand as an energy efficient compound coupled with the demand for borosilicate glass in cookware and laboratory applications extend profitable opportunities to the boric acid market players in the forecast period of 2021 to 2028.
BORIC ACID - Regional Level Analysis
- North America: U.S., Canada, Mexico
- Europe: Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe
- Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of APAC
- Middle East and Africa (MEA): Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of MEA
- South America: Brazil, Argentina, Rest of South America
BORIC ACID - Share Analysis:
- The boric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to boric acid market.
Key player - BORIC ACID
- 3M
- BASF SE
- Avantor, Inc.
- S. Borax
- Eti Maden
- Gujarat Boron Derivatives
- TOMIYAMA PURE CHEMICAL INDUSTRIES,LTD
- Sociedad Industrial Tierra S.A
- SCL Italia S.p.A.
- MCC Russian Bor
- Searles Valley Minerals
- Minera Santa Rita S.R.L.
- Quiborax
- ORGANIC INDUSTRIES PVT LTD
- Indo Borax & Chemicals Limited
- The Chemical Company
- Hemadri Chemicals
- Singhania International Limited
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