Industry Overview
According to the HTF Market Report, the Boric Acid market is expected to see a growth of 6% and may reach a market size of 2.5Billion by 2031, currently valued at 1.5Billion.Boric acid is a crystalline compound derived from borax. It is used as mild antiseptic and in the manufacture of heat resistant glass. Boric acid market has high growth prospects owing to increasing demand from the tiles, ceramic and fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics industry. Further, increasing demand from the developing economies expected to drive the demand for boric acid over the forecasted period.
The chemical industry is a building block of the world's economy, driving innovation in sectors like pharmaceuticals and agriculture. It covers the production of base materials, including chemicals, polymers, and specialty compounds, integral to practically all products and processes. Companies in this sector are primary actors in supply chains, ensuring raw materials for manufacturing, construction, and consumer goods. With a focus on sustainability, the industry is increasingly investing in green chemistry and circular economy initiatives to reduce environmental impact. This industry will continue to grow with technological advancements, regulatory compliance, and market demand for more sustainable and innovative solutions; hence, it is energetic and a significant contributor in the business arena.
Boric Acid Market Size in (USD Billion) CAGR Growth Rate 6%
| Study Period | 2019-2031 |
| Market Size (2023): | 1.5Billion |
| Market Size (2031): | 2.5Billion |
| CAGR (2023 - 2031): | 6% |
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Key Player Analysis
The key players in the Boric Acid are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as 3M (United States), Avantor Performance Materials (United States), BASF SE (Germany), Eti Maden (Turkey), Gujarat Boron Derivatives (India), Minera Santa Rita (Argentina), Borax (United States), Quiborax (Chile) are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Additionally, these industry leaders are actively acquiring smaller companies to broaden their regional presence and strengthen their market share. These acquisitions not only diversify product portfolios but also provide access to new technologies and markets, fostering growth within the Boric Acid through operational streamlining and cost reduction.
Moreover, there is a clear shift toward green investments, with companies allocating more resources to sustainable practices and the development of environmentally friendly products. This response to increasing consumer demand for sustainable solutions and stricter environmental regulations positions these companies as leaders in green chemistry, further driving market growth.
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach. We also include recent years' innovation and strategies followed by companies who are growing in the market:
- 3M (United States)
- Avantor Performance Materials (United States)
- BASF SE (Germany)
- Eti Maden (Turkey)
- Gujarat Boron Derivatives (India)
- Minera Santa Rita (Argentina)
- Borax (United States)
- Quiborax (Chile)
Boric Acid Market Segmentation by Players
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Regional Insights
The chemical industry exhibits significant regional variation, driven by factors such as resource availability, regulatory environments, and economic conditions. In North America, the industry is maintained by abundant natural resources, particularly shale gas, which provides a competitive advantage in petrochemical production. The U.S. remains a key player, with ongoing investments in advanced manufacturing technologies and sustainable practices positioning the region as a leader in innovation.In Europe, stringent environmental regulations and a strong emphasis on sustainability are shaping the chemical industry. The European Green Deal is pushing companies toward greener production methods, fostering growth in bio-based chemicals and recycling initiatives. Despite these opportunities, the region faces challenges from high energy costs and regulatory pressures, which are driving companies to seek efficiencies and explore new markets.
Asia-Pacific is the fastest-growing region, fuelled by rapid industrialization, urbanization, and a growing middle class. China dominates the regional market, supported by substantial investments in infrastructure and innovation. India and Southeast Asia are also emerging as key players, with increasing demand for chemicals in agriculture, construction, and electronics sectors.
Overall, regional dynamics in the chemical industry are shaped by local market conditions, regulatory landscapes, and the global push for sustainability, leading to diverse growth opportunities across different markets.
This report also splits the market by region
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
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Market Segmentation
Segmentation by Type
- Powder
- Granular
- Liquid
- Industrial Grade
Boric Acid Market Segmentation by Type
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Segmentation by Application
- Pest Control
- Fertilizers
- Pharmaceuticals
- Cosmetics
- Wood Preservation
Boric Acid Market Segmentation by Application
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Regulatory Overview
The chemical industry is based on a regulatory framework that makes sure the industry does not harm the people, or the environment, or breach international standards. These regulations run from production to handling, storage, and disposal. The key legislations generally include the EU's REACH system and the US TSCA, which have also put stringent testing, reporting, and labeling requirements for chemical substances. Compliance with the above legislation requires that companies implement good safety management systems, conduct periodic audits, and monitor environmental performance continually. Apart from that, industry players also have to be abreast of changing legislation and newly emerging global standards on hazardous substances, waste management, and sustainability undertakings. Non-compliance can lead to substantial penalties, reputational damage, and operational discontinuations, which make adherence a key business issue.Boric Acid Market Dynamics
Market Growth Drivers:The Boric Acid Market is experiencing significant growth due to various factors.
- Rising Demand Of Boric Acid For Manufacturing Automotive Glass And Fiberglass
- Increasing Demand From The Developing Economies
Influencing Trend:
The Boric Acid Market is growing rapidly due to various factors.
- Rising Demand of Borosilicate Glass
- Growing Laboratory Applications of Boric Acid
Opportunities:
The Boric Acid has several opportunities, particularly in developing countries where industrialization is growing.
- Rising Demand Of Boric Acid For Manufacturing Automotive Glass And Fiberglass
- Increasing Demand From The Developing Economies
Challenges:
The market for fluid power systems faces several obstacles despite its promising growth possibilities.
- Environmental Impact
- Regulations
Report Infographics:
|
Report Features
|
Details
|
|
Base Year
|
2023
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|
Based Year Market Size
|
1.5Billion
|
|
Historical Period
|
2019
|
|
CAGR (2023 to 2030)
|
6%
|
|
Forecast Period
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2031
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|
Forecasted Period Market Size (2030)
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2.5Billion
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|
Scope of the Report
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Powder, Granular, Liquid, Industrial Grade, Pest Control, Fertilizers, Pharmaceuticals, Cosmetics, Wood Preservation
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|
Regions Covered
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North America, Europe, Asia Pacific, Latin America, and MEA
|
|
Companies Covered
|
3M (United States), Avantor Performance Materials (United States), BASF SE (Germany), Eti Maden (Turkey), Gujarat Boron Derivatives (India), Minera Santa Rita (Argentina), Borax (United States), Quiborax (Chile)
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
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PDF and Excel through Email
|
Report Coverage
The study on the Boric Acid market provides a thorough examination of the sector. Important company profiles, new product releases, significant mergers, acquisitions, and collaborations, as well as the incidence of osteoarthritis in important nations, are also highlighted in the research.
Boric Acid - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Boric Acid Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Boric Acid Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Boric Acid Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Rising Demand of Boric Acid for Manufacturing Automotive Glass and Fiberglass
- 3.1.2 Increasing Demand from the Developing Economies
-
3.2 Available Opportunities
- 3.2.1 Rising Demand of Boric Acid for Manufacturing Automotive Glass and Fiberglass
-
3.3 Influencing Trends
- 3.3.1 Rising Demand of Borosilicate Glass
- 3.3.2 Growing Laboratory Applications of Boric
-
3.4 Challenges
- 3.4.1 Environmental Impact
- 3.4.2 Regulations
- 3.4.3 Sourcing
- 3.5 Regional Dynamics
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Chapter 4 : Global Boric Acid Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Boric Acid Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Boric Acid : Competition Benchmarking & Performance Evaluation
- 5.1 Global Boric Acid Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Boric Acid Revenue 2023
- 5.3 Global Boric Acid Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Strategic Group Analysis
- 5.6 5C’s Analysis
Chapter 6: Global Boric Acid Market: Company Profiles
- 6.1 3M (United States)
- 6.1.1 3M (United States) Company Overview
- 6.1.2 3M (United States) Product/Service Portfolio & Specifications
- 6.1.3 3M (United States) Key Financial Metrics
- 6.1.4 3M (United States) SWOT Analysis
- 6.1.5 3M (United States) Development Activities
- 6.2 Avantor Performance Materials (United States)
- 6.3 BASF SE (Germany)
- 6.4 Eti Maden (Turkey)
- 6.5 Gujarat Boron Derivatives (India)
- 6.6 Minera Santa Rita (Argentina)
- 6.7 Borax (United States)
- 6.8 Quiborax (Chile)
- 6.9
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Chapter 7 : Global Boric Acid by Type & Application (2019-2031)
-
7.1 Global Boric Acid Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Powder
- 7.1.2 Granular
- 7.1.3 Liquid
- 7.1.4 Industrial Grade
- 7.1.5 Pharmaceutical Grade
-
7.2 Global Boric Acid Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Pest Control
- 7.2.2 Fertilizers
- 7.2.3 Pharmaceuticals
- 7.2.4 Cosmetics
- 7.2.5 Wood Preservation
- 7.3 Global Boric Acid Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Boric Acid Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Boric Acid Market Breakdown by Country, Type & Application
- 8.1 North America Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Powder
- 8.2.2 Granular
- 8.2.3 Liquid
- 8.2.4 Industrial Grade
- 8.2.5 Pharmaceutical Grade
-
8.3 North America Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Pest Control
- 8.3.2 Fertilizers
- 8.3.3 Pharmaceuticals
- 8.3.4 Cosmetics
- 8.3.5 Wood Preservation
- 8.4 North America Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Boric Acid Market Breakdown by Country, Type & Application
- 9.1 LATAM Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Powder
- 9.2.2 Granular
- 9.2.3 Liquid
- 9.2.4 Industrial Grade
- 9.2.5 Pharmaceutical Grade
-
9.3 LATAM Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Pest Control
- 9.3.2 Fertilizers
- 9.3.3 Pharmaceuticals
- 9.3.4 Cosmetics
- 9.3.5 Wood Preservation
- 9.4 LATAM Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Boric Acid Market Breakdown by Country, Type & Application
- 10.1 West Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Powder
- 10.2.2 Granular
- 10.2.3 Liquid
- 10.2.4 Industrial Grade
- 10.2.5 Pharmaceutical Grade
-
10.3 West Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Pest Control
- 10.3.2 Fertilizers
- 10.3.3 Pharmaceuticals
- 10.3.4 Cosmetics
- 10.3.5 Wood Preservation
- 10.4 West Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Boric Acid Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Powder
- 11.2.2 Granular
- 11.2.3 Liquid
- 11.2.4 Industrial Grade
- 11.2.5 Pharmaceutical Grade
-
11.3 Central & Eastern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Pest Control
- 11.3.2 Fertilizers
- 11.3.3 Pharmaceuticals
- 11.3.4 Cosmetics
- 11.3.5 Wood Preservation
- 11.4 Central & Eastern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Boric Acid Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Powder
- 12.2.2 Granular
- 12.2.3 Liquid
- 12.2.4 Industrial Grade
- 12.2.5 Pharmaceutical Grade
-
12.3 Northern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Pest Control
- 12.3.2 Fertilizers
- 12.3.3 Pharmaceuticals
- 12.3.4 Cosmetics
- 12.3.5 Wood Preservation
- 12.4 Northern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Boric Acid Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Powder
- 13.2.2 Granular
- 13.2.3 Liquid
- 13.2.4 Industrial Grade
- 13.2.5 Pharmaceutical Grade
-
13.3 Southern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Pest Control
- 13.3.2 Fertilizers
- 13.3.3 Pharmaceuticals
- 13.3.4 Cosmetics
- 13.3.5 Wood Preservation
- 13.4 Southern Europe Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Boric Acid Market Breakdown by Country, Type & Application
- 14.1 East Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Powder
- 14.2.2 Granular
- 14.2.3 Liquid
- 14.2.4 Industrial Grade
- 14.2.5 Pharmaceutical Grade
-
14.3 East Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Pest Control
- 14.3.2 Fertilizers
- 14.3.3 Pharmaceuticals
- 14.3.4 Cosmetics
- 14.3.5 Wood Preservation
- 14.4 East Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Boric Acid Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Powder
- 15.2.2 Granular
- 15.2.3 Liquid
- 15.2.4 Industrial Grade
- 15.2.5 Pharmaceutical Grade
-
15.3 Southeast Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Pest Control
- 15.3.2 Fertilizers
- 15.3.3 Pharmaceuticals
- 15.3.4 Cosmetics
- 15.3.5 Wood Preservation
- 15.4 Southeast Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Boric Acid Market Breakdown by Country, Type & Application
- 16.1 South Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Powder
- 16.2.2 Granular
- 16.2.3 Liquid
- 16.2.4 Industrial Grade
- 16.2.5 Pharmaceutical Grade
-
16.3 South Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Pest Control
- 16.3.2 Fertilizers
- 16.3.3 Pharmaceuticals
- 16.3.4 Cosmetics
- 16.3.5 Wood Preservation
- 16.4 South Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Boric Acid Market Breakdown by Country, Type & Application
- 17.1 Central Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Powder
- 17.2.2 Granular
- 17.2.3 Liquid
- 17.2.4 Industrial Grade
- 17.2.5 Pharmaceutical Grade
-
17.3 Central Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Pest Control
- 17.3.2 Fertilizers
- 17.3.3 Pharmaceuticals
- 17.3.4 Cosmetics
- 17.3.5 Wood Preservation
- 17.4 Central Asia Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Boric Acid Market Breakdown by Country, Type & Application
- 18.1 Oceania Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Powder
- 18.2.2 Granular
- 18.2.3 Liquid
- 18.2.4 Industrial Grade
- 18.2.5 Pharmaceutical Grade
-
18.3 Oceania Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Pest Control
- 18.3.2 Fertilizers
- 18.3.3 Pharmaceuticals
- 18.3.4 Cosmetics
- 18.3.5 Wood Preservation
- 18.4 Oceania Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Boric Acid Market Breakdown by Country, Type & Application
- 19.1 MEA Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Powder
- 19.2.2 Granular
- 19.2.3 Liquid
- 19.2.4 Industrial Grade
- 19.2.5 Pharmaceutical Grade
-
19.3 MEA Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Pest Control
- 19.3.2 Fertilizers
- 19.3.3 Pharmaceuticals
- 19.3.4 Cosmetics
- 19.3.5 Wood Preservation
- 19.4 MEA Boric Acid Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Boric Acid Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Boric Acid Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Boric Acid market is estimated to see a CAGR of 6% and may reach an estimated market size of 6% 2.5 Billion by 2031.
The Boric Acid Market is growing at a CAGR of 6% over the forecasted period 2023 - 2031.
The changing dynamics and trends such as Rising Demand Of Borosilicate Glass,
Growing Laboratory Applications Of Boric Acid,
are seen as major Game Changer in Global Boric Acid Market.
The leaders in the Global Boric Acid Market such as 3M (United States), Avantor Performance Materials (United States), BASF SE (Germany), Eti Maden (Turkey), Gujarat Boron Derivatives (India), Minera Santa Rita (Argentina), Borax (United States), Quiborax (Chile), are targeting innovative and differentiated growth drivers some of them are Rising Demand Of Boric Acid For Manufacturing Automotive Glass And Fiberglass,
Increasing Demand From The Developing Economies,
As Industry players prepare to scale up, Boric Acid Market sees major concern such as Environmental Impact, Regulations, Sourcing.
Some of the opportunities that Analyst at HTF MI have identified in Boric Acid Market are:
- Rising Demand Of Boric Acid For Manufacturing Automotive Glass And Fiberglass
- Increasing Demand From The Developing Economies
3M (United States), Avantor Performance Materials (United States), BASF SE (Germany), Eti Maden (Turkey), Gujarat Boron Derivatives (India), Minera Santa Rita (Argentina), Borax (United States), Quiborax (Chile), etc are the main players listed in the Global Boric Acid Market Study.
The Global Boric Acid Market Study is Broken down by applications such as Pest Control, Fertilizers, Pharmaceuticals, Cosmetics, Wood Preservation.
The Global Boric Acid Market Study is segmented by Powder, Granular, Liquid, Industrial Grade, Pharmaceutical Grade.
The Global Boric Acid Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
The Boric Acid Market is studied from 2019 - 2031.
Boric acid is a crystalline compound derived from borax. It is used as mild antiseptic and in the manufacture of heat resistant glass. Boric acid market has high growth prospects owing to increasing demand from the tiles, ceramic and fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics industry. Further, increasing demand from the developing economies expected to drive the demand for boric acid over the forecasted period.
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