Global Boric Acid Market Growth 2023-2029

Global Boric Acid Market Growth 2023-2029

“Boric acid” is also called as “hydrogen borate”, or “boracic acid”. It is a weak, monobasic used as an antiseptic, insecticide, flame retardant. It exists in colorless crystals or a white powder that dissolves in water. 

LPI (LP Information)' newest research report, the “Boric Acid Industry Forecast” looks at past sales and reviews total world Boric Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Boric Acid sales for 2023 through 2029. With Boric Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Boric Acid industry.

This Insight Report provides a comprehensive analysis of the global Boric Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Boric Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Boric Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Boric Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Boric Acid.

The global Boric Acid market size is projected to grow from US$ 1361 million in 2022 to US$ 2008.3 million in 2029; it is expected to grow at a CAGR of 2008.3 from 2023 to 2029.

The global demand for insulation materials drives the boric acid market with increase in demand for residential and commercial applications. In addition, rise in building and construction owing to increase in macro-economic factors such as increase in per capita income has triggered the growth of the boric acid market. Furthermore, the rise in demand for boric acid in fiberglass insulation has majorly boosted the market growth, and this trend is expected to continue in the coming years. The growing demand for borate and boron products in the oil and gas sector as a viscosity and Ph modifier is likely to offer the boric acid market with growth opportunities. Furthermore, increase in demand for consumer electronics and glazed ceramics are projected to boost the demand for boric acid. However, the use of boric acid in personal care items is restricted under the European regulations, which have classified it under the category of a carcinogenic compound and this is likely to hinder the market growth. However, the increase in demand as an energy efficient compound coupled with the demand for borosilicate glass in cookware and laboratory applications are likely to create potential growth avenues for the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Boric Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Medical Grade
Industrial Grade
Others

Segmentation by application
Glass
Ceramics
Pharmaceutical
Pesticide
Fertilizer
Textile Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ricca Chemical
Etimine USA
Promega Corporation
Quiborax
Minera Santa Rita SRL (MSR)
Southern Agricultural Insecticides
Inkabor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Boric Acid market?

What factors are driving Boric Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Boric Acid market opportunities vary by end market size?

How does Boric Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.