What is Boric Acid Market Scope?
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.
Influencing Trend:
Rising Demand of Borosilicate Glass and Growing Laboratory Applications of Boric Acid
Market Growth Drivers:
Rising Demand for Glass and Fiberglass in Construction and Increasing Demand Ceramic and Fiberglass Industry
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations Regarding Boric Acid
Opportunities:
Rising Demand of Boric Acid for Manufacturing Automotive Glass and Fiberglass and Increasing Demand from the Developing Economies
The Boric Acid market study is being classified by Type (Medical Grade, Industrial Grade and Others), by Application and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Boric Acid market throughout the predicted period.
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) and Quiborax (Chile) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tomiyama Pure Chemical Industries, Ltd (Japan) and Cargille-Sacher Laboratories Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Boric Acid market by Type, Application and Region.
On the basis of geography, the market of Boric Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
“According to the Environmental Protection Agency (EPA), three phytotoxicity studies to further assess the risks of boric acid and its sodium salts to non-target plants and endangered plant species are required. However, these studies are not part of the target database and do not affect the reregistration eligibility of boric acid and related active ingredients. The Agency also is requiring product-specific data including product chemistry, acute toxicity, and efficacy studies, revised Confidential Statements of Formula, and revised product labeling for reregistration.”
Key Target Audience
Boric Acid Manufacturer, Boric Acid Distributors, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others
Boric Acid Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Boric Acid Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Boric Acid industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.