Boric Acid Market Global Analysis, Product Overview, Scope, Prospect, Cost analysis and Forecast 2023

  • Carol Callahan
    Carol Callahan
  • March 17, 2019
  • Comments Off on Boric Acid Market Global Analysis, Product Overview, Scope, Prospect, Cost analysis and Forecast 2023

Boric Acid

Boric Acid Market Report provides current scenario, opportunities, restraints, drivers and the growth forecasts of the market for 2018-2023. The Boric Acid Market report presents a detailed analysis of the industry by Market Size, Growth Rate, Key Trends, Top Manufacturers, Regions, Product Types & Applications.

Boric Acid industry report splits Global into several key Countries, with sales, revenue, market share of top 5 Manufacturers in these Countries.

Synopsis: “Boric acid” is also called as “hydrogen borate”, or “boracic acid”. It is a weak, monobasic used as an antiseptic, insecticide, flame retardant. It exists in colorless crystals or a white powder that dissolves in water. 

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Boric Acid Market Segment by Manufacturers, this report covers:

  • Ricca Chemical, Etimine USA, Promega Corporation, Quiborax, Minera Santa Rita SRL (MSR), Southern Agricultural Insecticides, Inkabor

The Boric Acid market research report analyzes adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, market ecosystem, and revenue chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Boric Acid market. The report is thoroughly segmented by product type, application, vertical, and region.

Boric Acid Market Segment by Applications, can be divided into:

  • Glass
  • Ceramics
  • Pharmaceutical
  • Pesticide
  • Fertilizer
  • Textile Industry
  • Others

Boric Acid Market Segment by Type, covers:

  • Medical Grade
  • Industrial Grade
  • Others

Market Segment by Regions, regional analysis covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Scope of Boric Acid Market:

This report focuses on the Boric Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The global demand for insulation materials drives the boric acid market with increase in demand for residential and commercial applications. In addition, rise in building and construction owing to increase in macro-economic factors such as increase in per capita income has triggered the growth of the boric acid market. Furthermore, the rise in demand for boric acid in fiberglass insulation has majorly boosted the market growth, and this trend is expected to continue in the coming years. The growing demand for borate and boron products in the oil and gas sector as a viscosity and Ph modifier is likely to offer the boric acid market with growth opportunities. Furthermore, increase in demand for consumer electronics and glazed ceramics are projected to boost the demand for boric acid. However, the use of boric acid in personal care items is restricted under the European regulations, which have classified it under the category of a carcinogenic compound and this is likely to hinder the market growth. However, the increase in demand as an energy efficient compound coupled with the demand for borosilicate glass in cookware and laboratory applications are likely to create potential growth avenues for the market.

APAC accounted for the maximum market share and will continue to dominate the boric acid market during the forecast period. This increase corresponds to the rising demand for glass and fiberglass from construction and automotive industries in the region. Other aspects that propel market growth include the growing demand for boric acid in household insecticide products and industrial applications and their benefits as an antiseptic and wood preservative.

The worldwide market for Boric Acid is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017

Further in the report, Boric Acid Market is examined for price, cost and gross revenue. These three points are analysed for types, companies and regions. In prolongation with this data sale price for various types, applications and region is also included. The Boric Acid market consumption for major regions is given. Additionally, type wise and application wise consumption figures are also given.

The report helps answer the following questions:

– What is the current size of the Boric Acid market?
– How is the Boric Acid market divided into different types of product segments?
– How are the overall market and different product segments growing?
– How is the market predicted to develop in the future?

The latest industry data included in this report:

– Overall Boric Acid market size, 2013-2023
– Boric Acid market size by product segment, 2013-2023
– Growth rates of the overall market and different product segments, 2013-2023
– Shares of different product segments of the overall Boric Acid market, 2013, 2018, and 2023

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Other Major Topics Covered in Boric Acid market research report are as follows: Marketing Strategy Analysis, Distributors/Traders included in Boric Acid Industry: Market Effect Factors Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers in Boric Acid Market, Manufacturing Expenses, Market Drivers and Opportunities, Mergers & Acquisitions, Expansion, Key Suppliers of Raw Materials, Research Findings and Conclusion, Market Size (Value and Volume) analysis of Boric Acid market and another component …

Carol Callahan