Boric Acid Market 2024-2028
The boric acid market is forecasted to grow by USD 262.8 mn during 2023-2028, accelerating at a CAGR of 5.9% during the forecast period. The report on the boric acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand from developing countries, growing demand for energy-efficient buildings, and increase in demand from glass industry.
Technavio's boric acid market is segmented as below:
By Application
- Glass and ceramics
- Agriculture
- Detergents
- Others
By End-user
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand from renewable energy sector as one of the prime reasons driving the boric acid market growth during the next few years. Also, development of boron-based nano-lubrication additives and increase in global nuclear power capacity will lead to sizable demand in the market.
The report on the boric acid market covers the following areas:
- Boric Acid Market sizing
- Boric Acid Market forecast
- Boric Acid Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading boric acid market vendors that include 3M Co., American Borate Co., Avantor Inc., Eti Maden isletmeleri Genel Mudurlugu, Gujarat Boron Derivatives Pvt. Ltd., Hemadri Chemicals, Indo Borox and Chemicals Ltd., Innova Corporate India, Minera Santa Rita Srl, Organic Industries Pvt. Ltd., Orocobre Ltd., Quiborax, Rio Tinto Ltd., SCL Italia Spa, SQM S.A., The Chemical Co., The Dharamsi Morarji Chemical Co. Ltd., Tokyo Chemical Industry Co., Ltd., and Tomiyama Pure Chemical Industries Ltd.. Also, the boric acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.