Market Overview:
The global Boron Trifluoride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for boron trifluoride in various applications such as catalyst, antioxidant, hardener and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand from countries such as China and India.
Product Definition:
Boron trifluoride is a colorless, corrosive gas with a pungent odor. It is used in the manufacture of aluminum and other fluorinated compounds and as a etching agent in semiconductor fabrication.
Sulfuric Acid Method:
Sulfuric acid method is used for the production of boron trifluoride. It is a highly reactive and corrosive chemical, which has wide applications in metallurgical and industrial processes. The method involves the reaction of sulfuric acid with calcium fluoride or sodium fluoride to produce boron trifluoride as a by-product.
Thermal Decomposition Method:
The thermal decomposition method is used to produce boron trifluoride (NF3), which is a chemical compound. NF3 has the ability to remove moisture from air and can be used in various applications such as for cleaning silicon wafers in semiconductor manufacturing, desiccant drying for space missions, removing moisture from gas streams and dry cleaning of circuit boards.
Application Insights:
The boron trifluoride used in the sulfuric acid method accounts for a major share of over 60% in terms of volume as well as revenue. The product is extensively utilized to produce high purity H2SO4 which has wide applications across several industries including pharmaceuticals, chemical synthesis, and oil & gas. In addition, it is also widely used as a catalyst in the production of other chemicals such Borax (Borate) which further drives its demand.
The antioxidant segment accounted for over 10% market share by volume on account of growing demand from various end-use industries globally coupled with rising awareness regarding health benefits associated with antioxidants. Antioxidants help protect against free radical damage to lipids, proteins and DNA that causes cell death and aging process resulting into reduced immunity and increased risk of chronic diseases among others leading to higher adoption rate among consumers globally.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness significant growth over the forecast period. The region accounts for a major share of global boron production, which is mainly attributed to low labor costs and easy availability of land. China emerged as a major consumer owing to its growing chemical industry. In addition, increasing demand from other Asian countries such as India and Japan will drive the APAC regional market further.
The Latin American market also presents immense potential for Boron Trifluoride (BF3) due to high mineral reserves across Brazil, Argentina, Venezuela, Peru & Chile that are yet untapped opportunities for domestic producers coupled with growing demand from end-use industries such as automotive & aerospace in these countries will drive this segment at a significant pace over the next eight years. Moreover Boron Trifluoride Market by country in Latin America (Brazil, Argentina etc.
Growth Factors:
- Increasing demand from end-use industries such as electronics and semiconductors
- Growing application in fiberglass insulation and other construction materials
- Rising popularity of boron trifluoride as a precursor for manufacturing optical fibers
- Increasing use of the gas in chemical processing and refining operations
- Growing investments in research and development to develop new applications for boron trifluoride
Scope Of The Report
Report Attributes
Report Details
Report Title
Boron Trifluoride Market Research Report
By Type
Sulfuric Acid Method, Thermal Decomposition Method
By Application
Catalyst, Antioxidant, Hardener, Others
By Companies
DOW, BASF, Honeywell, Praxair, DuPont, Voltaix, Air Liquide, Linde US Industrial Gases, Stella Chemifa Corporation, Zibo Shuanglian Chemical, Dalian Special Gases, Shandong Wanbang Chemical Industry, Rugao Zhongchang Chemical, Qingzhou Chenkai Chemical, Shanghai CarFluor Chemicals, Dongying Xuben Kehou Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Boron Trifluoride Market Report Segments:
The global Boron Trifluoride market is segmented on the basis of:
Types
Sulfuric Acid Method, Thermal Decomposition Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Catalyst, Antioxidant, Hardener, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DOW
- BASF
- Honeywell
- Praxair
- DuPont
- Voltaix
- Air Liquide
- Linde US Industrial Gases
- Stella Chemifa Corporation
- Zibo Shuanglian Chemical
- Dalian Special Gases
- Shandong Wanbang Chemical Industry
- Rugao Zhongchang Chemical
- Qingzhou Chenkai Chemical
- Shanghai CarFluor Chemicals
- Dongying Xuben Kehou Chemical
Highlights of The Boron Trifluoride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sulfuric Acid Method
- Thermal Decomposition Method
- By Application:
- Catalyst
- Antioxidant
- Hardener
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boron Trifluoride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Boron trifluoride is a chemical compound with the formula BF3. It is a white solid that is soluble in water and most other organic solvents. Boron trifluoride has low reactivity and does not form stable compounds with other elements, making it an ideal material for use in gas-phase chemistry.
Some of the key players operating in the boron trifluoride market are DOW, BASF, Honeywell, Praxair, DuPont, Voltaix, Air Liquide, Linde US Industrial Gases, Stella Chemifa Corporation, Zibo Shuanglian Chemical, Dalian Special Gases, Shandong Wanbang Chemical Industry, Rugao Zhongchang Chemical, Qingzhou Chenkai Chemical, Shanghai CarFluor Chemicals, Dongying Xuben Kehou Chemical.
The boron trifluoride market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Boron Trifluoride 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. Boron Trifluoride Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Boron Trifluoride Market - Supply Chain
4.5. Global Boron Trifluoride Market Forecast
4.5.1. Boron Trifluoride Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Boron Trifluoride Market Size (000 Units) and Y-o-Y Growth
4.5.3. Boron Trifluoride Market Absolute $ Opportunity
5. Global Boron Trifluoride Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Boron Trifluoride Market Size and Volume Forecast by Type
5.3.1. Sulfuric Acid Method
5.3.2. Thermal Decomposition Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Boron Trifluoride Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Boron Trifluoride Market Size and Volume Forecast by Application
6.3.1. Catalyst
6.3.2. Antioxidant
6.3.3. Hardener
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Boron Trifluoride Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Boron Trifluoride Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Boron Trifluoride Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Boron Trifluoride Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Boron Trifluoride Demand Share Forecast, 2019-2029
9. North America Boron Trifluoride 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
9.2. North America Boron Trifluoride Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Boron Trifluoride Market Size and Volume Forecast by Application
9.4.1. Catalyst
9.4.2. Antioxidant
9.4.3. Hardener
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Boron Trifluoride Market Size and Volume Forecast by Type
9.7.1. Sulfuric Acid Method
9.7.2. Thermal Decomposition Method
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Boron Trifluoride Demand Share Forecast, 2019-2029
10. Latin America Boron Trifluoride 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. Latin America Average Pricing Analysis
10.2. Latin America Boron Trifluoride Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Boron Trifluoride Market Size and Volume Forecast by Application
10.4.1. Catalyst
10.4.2. Antioxidant
10.4.3. Hardener
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Boron Trifluoride Market Size and Volume Forecast by Type
10.7.1. Sulfuric Acid Method
10.7.2. Thermal Decomposition Method
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Boron Trifluoride Demand Share Forecast, 2019-2029
11. Europe Boron Trifluoride Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Boron Trifluoride Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Boron Trifluoride Market Size and Volume Forecast by Application
11.4.1. Catalyst
11.4.2. Antioxidant
11.4.3. Hardener
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Boron Trifluoride Market Size and Volume Forecast by Type
11.7.1. Sulfuric Acid Method
11.7.2. Thermal Decomposition Method
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Boron Trifluoride Demand Share, 2019-2029
12. Asia Pacific Boron Trifluoride Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Boron Trifluoride Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Boron Trifluoride Market Size and Volume Forecast by Application
12.4.1. Catalyst
12.4.2. Antioxidant
12.4.3. Hardener
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Boron Trifluoride Market Size and Volume Forecast by Type
12.7.1. Sulfuric Acid Method
12.7.2. Thermal Decomposition Method
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Boron Trifluoride Demand Share, 2019-2029
13. Middle East & Africa Boron Trifluoride Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Boron Trifluoride Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Boron Trifluoride Market Size and Volume Forecast by Application
13.4.1. Catalyst
13.4.2. Antioxidant
13.4.3. Hardener
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Boron Trifluoride Market Size and Volume Forecast by Type
13.7.1. Sulfuric Acid Method
13.7.2. Thermal Decomposition Method
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Boron Trifluoride Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Boron Trifluoride Market: Market Share Analysis
14.2. Boron Trifluoride Distributors and Customers
14.3. Boron Trifluoride Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DOW
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honeywell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Praxair
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DuPont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Voltaix
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Air Liquide
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Linde US Industrial Gases
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Stella Chemifa Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zibo Shuanglian Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dalian Special Gases
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shandong Wanbang Chemical Industry
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rugao Zhongchang Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Qingzhou Chenkai Chemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai CarFluor Chemicals
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dongying Xuben Kehou Chemical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
