Boric Acid Market

Boric Acid Market by Applications (Industry & Commercial and Household), Distribution Channels (Wholesale, E-Commerce, and Retail Shops), End-users (Ceramics, Tiles, Fiberglass, Agriculture, Wood Preservation, Pharmaceuticals, and Cosmetics), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: MC-4384
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 178
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The global boric acid market is anticipated to expand at a robust CAGR during the forecast period, between 2021-2028. Boric acid is a weak acid that is used as an antiseptic and flame retardant. It is in colorless form or powder form and it is odorless and soluble in water. Boric acid is used to bind steel-smelting furnaces for manufacturing magnesia refractory bricks.

Boric Acid Market key takeaways

The COVID-19 pandemic affected the business across the globe. Governments of numerous countries across the world took lockdown measures to control the spread of the disease. This has resulted in the halt of manufacturing operations, restrictions on supply and transport, and infrastructure.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for boric acid in ceramics, wood preservatives, fiberglass, nutritional supplements, and pest control applications is driving the boric acid market.
  • Usage of boric acid is restricted in personal care applications can hamper the growth of the market.
  • Growing adoption of boric acid for making glass designs to decrease melting temperatures, increase thermal resistance & mechanical strength, and improve aqueous and chemical durability is projected to boost the boric acid market during the forecast period

Scope of the report

The report of boric acid market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Boric Acid Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Applications (Industry & Commercial and Household), Distribution Channels (Wholesale, E-Commerce, and Retail Shops), End-users (Ceramics, Tiles, Fiberglass, Agriculture, Wood Preservation, Pharmaceuticals, and Cosmetics)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

3M Company, Avantor Performance Materials, LLC, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita S.R.L., Organic Industries Pvt. Ltd. and QUIBORAX S.A

 

Boric Acid Market Segment Insights

Industry & commercial segment to exhibit a high CAGR during the forecast period

On the basis of applications, the market can be segmented into industry & commercial and household. The industry & commercial segment is estimated to exhibit a high CAGR during the forecast period. Boric acid is used as an energy-saving tool and also as an insulation for commercial and residential buildings. Boric acid is also used for generation of energy from oil extracts and the wind.

Boric Acid Market by applications

Wholesale segment is anticipated to grow at a sustainable rate during the forecast period

On the basis of distribution channels, the market can be divided into wholesale, e-commerce, and retail shops. The wholesale segment is anticipated to grow at a sustainable rate during the forecast period. The wholesale segment provides a large amount of boric acid at a cheap price as compared to other distribution channels. Industries require a large amount of boric acid for the formation of fiberglass and ceramics and the wholesale distribution channel provides them considerable discount as the quantity required by them is huge.

Fiberglass segment is estimated to grow at a robust rate

Based on the end-users the market is segregated into ceramics, tiles, fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics. The fiberglass segment is anticipated to grow at a robust rate during the forecast period. High demand for the fiberglass and glass in the market is propelling the segment growth. It helps in reducing the melting temperature and provides mechanical strength. However, the ceramics and tiles segments are also anticipated to have a significant market share during the forecast period due to increasing construction activities in emerging economies.

Asia pacific is projected to hold a large share in the market

In terms of regions the market can be divided into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific accounted for a large share of the market in 2020, and is anticipated to grow at a rapid pace during the forecast period. The huge availability of glass and ceramic manufacturers in the region is propelling the market growth. Moreover, rapid industrialization and growing construction industry in countries such as China and India are major factors that are spurring the regional market growth. However, the market in North America is projected to hold a significant market share, and is expected to register a substantial CAGR during the forecast period.

Boric Acid Market by regions

Segments

By Applications
  • Industry & Commercial
  • Household
By Distribution Channels
  • Wholesale
  • E-commerce
  • Retail Shops
 By End-users
  • Ceramics
  • Tiles
  • Fiberglass
  • Agriculture
  • Wood Preservation
  • Pharmaceuticals
  • Cosmetics
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • 3M Company
  • Avantor Performance Materials, LLC
  • Eti Maden
  • Gujarat Boron Derivatives
  • Minera Santa Rita S.R.L.
  • Organic Industries Pvt. Ltd.
  • QUIBORAX S.A

Competitive Landscape

The key players in the market are 3M Company, Avantor Performance Materials, LLC, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita S.R.L., Organic Industries Pvt. Ltd. and QUIBORAX S.A. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Boric Acid Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Boric Acid Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Boric Acid Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Boric Acid Market - Supply Chain
  4.5. Global Boric Acid Market Forecast
     4.5.1. Boric Acid Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Boric Acid Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Boric Acid Market Absolute $ Opportunity
5. Global Boric Acid Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Boric Acid Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Boric Acid Demand Share Forecast, 2019-2026
6. North America Boric Acid Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Boric Acid Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Boric Acid Demand Share Forecast, 2019-2026
7. Latin America Boric Acid Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Boric Acid Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Boric Acid Demand Share Forecast, 2019-2026
8. Europe Boric Acid Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Boric Acid Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Boric Acid Demand Share Forecast, 2019-2026
9. Asia Pacific Boric Acid Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Boric Acid Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Boric Acid Demand Share Forecast, 2019-2026
10. Middle East & Africa Boric Acid Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Boric Acid Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Boric Acid Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Boric Acid Market: Market Share Analysis
  11.2. Boric Acid Distributors and Customers
  11.3. Boric Acid Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 3M Company
     11.4.2. Avantor Performance Materials, LLC
     11.4.3. Eti Maden
     11.4.4. Gujarat Boron Derivatives
     11.4.5. Minera Santa Rita S.R.L.
     11.4.6. Organic Industries Pvt. Ltd.
     11.4.7. QUIBORAX S.A
By Applications
  • Industry & Commercial
  • Household
By Distribution Channels
  • Wholesale
  • E-commerce
  • Retail Shops
 By End-users
  • Ceramics
  • Tiles
  • Fiberglass
  • Agriculture
  • Wood Preservation
  • Pharmaceuticals
  • Cosmetics
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • 3M Company
  • Avantor Performance Materials, LLC
  • Eti Maden
  • Gujarat Boron Derivatives
  • Minera Santa Rita S.R.L.
  • Organic Industries Pvt. Ltd.
  • QUIBORAX S.A

The key players in the market are 3M Company, Avantor Performance Materials, LLC, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita S.R.L., Organic Industries Pvt. Ltd. and QUIBORAX S.A. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Boric Acid Market by key players

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