Market Overview:
The global boric acid compound market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for boric acid compound from various applications such as pharmatheutics, chemical, material and others. North America is expected to dominate the global boric acid compound market during the forecast period owing to the presence of key players in this region and growing demand for boric acid compounds from various end-use industries. Asia Pacific is projected to be the fastest-growing region in terms of CAGR during the forecast period owing to rapid industrialization and growth in end-use industries such as pharma, chemical and others.
Product Definition:
Boric acid is a weak, colorless, odorless powder that is used as an insecticide, antiseptic and disinfectant. It can also be found in some eyewashes and lotions. Boric acid is nontoxic to humans but it can be toxic to some plants.
Anhydrous Borate:
Anhydrous borate is a colorless salt that dissolves in water and is soluble in alkali. It has a molecular weight of 132.4 and the formula B(OH) 4 . Anhydrous borate exists as an monohydrate, which has four molecules of water of hydration (B(OH) 4 •H 2 O).
Borate With Water:
Borate with water is a chemical compound, which consists of boron and oxygen with a water molecule. It has an odor similar to that of fresh urine. Borate with water is used in the formulating for boric acid, which is used as an antiseptic and insecticide agent.
Application Insights:
The pharmatheutics segment dominated the global market in 2017. The growth of this segment can be attributed to the increasing use of boric acid compounds for formulation of pharmaceutical drugs. According to a study published in Journal Of Pharmaceutical Sciences, India, it was observed that potassium borate salts are effective antacids and protect against heartburn gastroesophageal reflux disease (GERD). Thus, rising applications in drug formulations is expected to drive the product demand over the forecast period.
Boric acid has wide application scope as an additive for manufacturing chemicals across diverse industries such as agriculture, water treatment and pulp & paper among others. It is used as an active material for producing oxides, carbonates and sulfates which are further utilized in various ways including fertilizers and pesticides production along with other applications such as metal plating industry which paints & coatings uses them extensively along with other additives such as metals hydroxides or carbonates etc.
Regional Analysis:
Asia Pacific was the largest market for global boric acid compounds in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and GDP, which makes it a key regional market. China is projected to be one of the fastest-growing markets in Asia Pacific due to rapid industrialization coupled with government support for infrastructure development.
North America emerged as the second-largest consumer of boron products owing Borax Inc., U.S., with an estimated consumption volume exceeding 1,400 kilotons in 2016 (kilo tons = 1000 tons). The growth can be attributed to increasing demand from various end-use industries such as pharmaceuticals, agrochemicals & pesticides, food & beverage processing among others across Mexico and Canada on account Borax Canada Ltd., Montreal; Chemtura Corporation; FMC Corporation; Cargill Inc.; Incoa LLC.; Nouryon Bâtiment inc.
Growth Factors:
- Increasing demand from end-use industries such as textiles, agriculture, and construction
- Growing awareness about the benefits of boric acid compound among consumers
- Rising investments by key players in research and development to develop new applications for boric acid compound
- Expansion of distribution channels by manufacturers to reach a wider customer base
- Growing popularity of boric acid compound as an environmentally friendly alternative to conventional pesticides and fertilizers
Scope Of The Report
Report Attributes
Report Details
Report Title
Boric Acid Compound Market Research Report
By Type
Anhydrous Borate, Borate With Water
By Application
Pharmatheutics, Chemical, Material, Others
By Companies
Borax Morarji, Gujarat Boron Derivatives Private, Mizushima Ferroalloy, Russian Bor, Rio Tinto Group, Searles Valley Minerals, Tomiyama Pure, Borax Morarji
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Boric Acid Compound Market Report Segments:
The global Boric Acid Compound market is segmented on the basis of:
Types
Anhydrous Borate, Borate With Water
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
Pharmatheutics, Chemical, Material, 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:
- Borax Morarji
- Gujarat Boron Derivatives Private
- Mizushima Ferroalloy
- Russian Bor
- Rio Tinto Group
- Searles Valley Minerals
- Tomiyama Pure
- Borax Morarji
Highlights of The Boric Acid Compound 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:
- Anhydrous Borate
- Borate With Water
- By Application:
- Pharmatheutics
- Chemical
- Material
- 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 Boric Acid Compound 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?
Boric acid is a white, crystalline compound with the chemical formula H3BO3. It is used as a food preservative and in the manufacture of glass and ceramics.
Some of the key players operating in the boric acid compound market are Borax Morarji, Gujarat Boron Derivatives Private, Mizushima Ferroalloy, Russian Bor, Rio Tinto Group, Searles Valley Minerals, Tomiyama Pure, Borax Morarji.
The boric acid compound market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boric Acid Compound Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boric Acid Compound Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boric Acid Compound Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boric Acid Compound Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boric Acid Compound Market Size & Forecast, 2020-2028
4.5.1 Boric Acid Compound Market Size and Y-o-Y Growth
4.5.2 Boric Acid Compound Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Anhydrous Borate
5.2.2 Borate With Water
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmatheutics
6.2.2 Chemical
6.2.3 Material
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boric Acid Compound Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boric Acid Compound Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Anhydrous Borate
9.6.2 Borate With Water
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmatheutics
9.10.2 Chemical
9.10.3 Material
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Anhydrous Borate
10.6.2 Borate With Water
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmatheutics
10.10.2 Chemical
10.10.3 Material
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Anhydrous Borate
11.6.2 Borate With Water
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmatheutics
11.10.2 Chemical
11.10.3 Material
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Anhydrous Borate
12.6.2 Borate With Water
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmatheutics
12.10.2 Chemical
12.10.3 Material
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Anhydrous Borate
13.6.2 Borate With Water
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmatheutics
13.10.2 Chemical
13.10.3 Material
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boric Acid Compound Market: Competitive Dashboard
14.2 Global Boric Acid Compound Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Borax Morarji
14.3.2 Gujarat Boron Derivatives Private
14.3.3 Mizushima Ferroalloy
14.3.4 Russian Bor
14.3.5 Rio Tinto Group
14.3.6 Searles Valley Minerals
14.3.7 Tomiyama Pure
14.3.8 Borax Morarji
