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.
The market study is being classified by Type (Medical Grade, Industrial Grade and Others), by Application (Industrial, Commercial and Household) 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. Research Analyst at AMA predicts that United States Vendors 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).
AdvanceMarketAnalytics has segmented the market 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). If we see Market by Distribution Channel, the sub-segment i.e. Wholesale will boost the Boric Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Tiles will boost the Boric Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
“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.”
- Rising Demand of Borosilicate Glass
- Growing Laboratory Applications of Boric Acid
- Rising Demand for Glass and Fiberglass in Construction
- Increasing Demand Ceramic and Fiberglass Industry
- Rising Demand of Boric Acid for Manufacturing Automotive Glass and Fiberglass
- Increasing Demand from the Developing Economies
- Stringent Government Regulations Regarding Boric Acid
- Lack of Awareness in the Emerging Economies
Key Target AudienceBoric Acid Manufacturer, Boric Acid Distributors, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others
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