Market Overview:
The global boric acid 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 boric acid from various applications such as glass, ceramics, pharmaceuticals, pesticides, fertilizers and textile industry. Moreover, rising demand for boric acid in emerging countries is also contributing to the growth of this market. However, availability of substitutes may restrain the growth of this market during the forecast period. On basis of type, medical grade segment is expected to hold major share in global boric acid market during forecast period due high adoption rate by medical sector across globe.
Product Definition:
Boric acid is a weak, monobasic Lewis acid of boron. It is an odorless, white solid that is soluble in water to the extent of about 3.3% by weight. Borate minerals are the main commercial source of boric acid. Boric acid has many uses including as a flame retardant, in enamels and glass manufacture, and as a food additive.
Medical Grade:
Medical-grade boric acid is a pure, crystalline form of boric acid. It has no color and taste. It is odorless and tasteless which makes it suitable for medical use in the pharmaceutical industry as an excipient or filler in tablets & capsules formulation. Medical grade boric acid can be used as an antiseptic, insecticide, fungicide and rodenticide owing to its properties such as non-toxic nature and high purity level.
Industrial Grade:
Industrial grade is a high purity form of boric acid which has been processed to remove any trace of moisture and other impurities. It is used as an ingredient in the production of several chemicals such as fertilizers, pesticides, and insecticides. The global demand for industrial grade boric acid is expected to witness significant growth over the forecast period owing to increasing demand from emerging economies such as China and India.
Application Insights:
The glass industry was the largest application segment for boric acid, accounting for over 50% of the global market in 2016. The product is used as a fusing agent and fluxing agent in the glass manufacturing process. Fluxes are used to carry away excess carbon from silica sand during the production of soda-lime glasses. Boric acid acts as a cleaning solution when etchants are used to remove oxides from raw materials during float-glass processing at temperatures below 1200°C.
Boric acid is also widely utilized in ceramic ware production owing to its superior properties including low melting point, high solubility and high corrosion resistance which make it suitable for use in pottery kiln shelves, firebrick & stoneware bodies and tiles respectively.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region comprises several emerging economies, such as China, India, Indonesia, Vietnam and Thailand. Rapidly growing end-use industries coupled with rising demand for boric acid from these countries are projected to drive growth in Asia Pacific region.
China is one of the major producers of boric acid globally owing to easy availability of raw materials at low cost along with high production capacity. Moreover, increasing investments by foreign players for setting up manufacturing facilities in China due to favorable government policies are likely to boost product demand over the coming years.
In terms of revenue share, Europe was valued at USD X million in 2017 and is anticipated to witness steady growth rate over the forecast period on account of presence of a large number chemical manufacturers across Germany and Russia which consume large quantities boric acid for producing various products including pesticides & fertilizers as well as glass ceramics etc.).
Growth Factors:
- Increasing demand from end-use industries such as textiles, agriculture, and construction is expected to drive the growth of the global boric acid market during the forecast period.
- The increasing use of boric acid in flame retardants is another key factor that is expected to fuel the growth of this market in the near future.
- Growing awareness about hygiene and sanitation among consumers is also projected to boost demand for boric acid products in the coming years.
- Stringent regulations pertaining to environmental safety are likely to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Boric Acid Market Research Report
By Type
Medical Grade, Industrial Grade, Others
By Application
Glass, Ceramics, Pharmaceutical, Pesticide, Fertilizer, Textile Industry, Others
By Companies
Ricca Chemical, Etimine USA, Promega Corporation, Quiborax, Minera Santa Rita SRL (MSR), Southern Agricultural Insecticides, Inkabor, Ricca 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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Boric Acid Market Report Segments:
The global Boric Acid market is segmented on the basis of:
Types
Medical Grade, Industrial Grade, Others
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
Glass, Ceramics, Pharmaceutical, Pesticide, Fertilizer, Textile Industry, 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:
- Ricca Chemical
- Etimine USA
- Promega Corporation
- Quiborax
- Minera Santa Rita SRL (MSR)
- Southern Agricultural Insecticides
- Inkabor
- Ricca Chemical
Highlights of The Boric Acid 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:
- Medical Grade
- Industrial Grade
- Others
- By Application:
- Glass
- Ceramics
- Pharmaceutical
- Pesticide
- Fertilizer
- Textile Industry
- 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 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 powder that is used as a food preservative and to control odors. It can also be used in cosmetics, detergents, and other products.
Some of the key players operating in the boric acid market are Ricca Chemical, Etimine USA, Promega Corporation, Quiborax, Minera Santa Rita SRL (MSR), Southern Agricultural Insecticides, Inkabor, Ricca Chemical.
The boric acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boric Acid 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boric Acid 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 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 Market Size & Forecast, 2018-2028
4.5.1 Boric Acid Market Size and Y-o-Y Growth
4.5.2 Boric Acid Market Absolute $ Opportunity
Chapter 5 Global Boric Acid 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 Boric Acid Market Size Forecast by Type
5.2.1 Medical Grade
5.2.2 Industrial Grade
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boric Acid 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 Boric Acid Market Size Forecast by Applications
6.2.1 Glass
6.2.2 Ceramics
6.2.3 Pharmaceutical
6.2.4 Pesticide
6.2.5 Fertilizer
6.2.6 Textile Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boric Acid 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 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 Boric Acid Analysis and Forecast
9.1 Introduction
9.2 North America Boric Acid 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 Boric Acid Market Size Forecast by Type
9.6.1 Medical Grade
9.6.2 Industrial Grade
9.6.3 Others
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 Boric Acid Market Size Forecast by Applications
9.10.1 Glass
9.10.2 Ceramics
9.10.3 Pharmaceutical
9.10.4 Pesticide
9.10.5 Fertilizer
9.10.6 Textile Industry
9.10.7 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 Boric Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Boric Acid 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 Boric Acid Market Size Forecast by Type
10.6.1 Medical Grade
10.6.2 Industrial Grade
10.6.3 Others
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 Boric Acid Market Size Forecast by Applications
10.10.1 Glass
10.10.2 Ceramics
10.10.3 Pharmaceutical
10.10.4 Pesticide
10.10.5 Fertilizer
10.10.6 Textile Industry
10.10.7 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 Boric Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boric Acid 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 Boric Acid Market Size Forecast by Type
11.6.1 Medical Grade
11.6.2 Industrial Grade
11.6.3 Others
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 Boric Acid Market Size Forecast by Applications
11.10.1 Glass
11.10.2 Ceramics
11.10.3 Pharmaceutical
11.10.4 Pesticide
11.10.5 Fertilizer
11.10.6 Textile Industry
11.10.7 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 Boric Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Boric Acid 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 Boric Acid Market Size Forecast by Type
12.6.1 Medical Grade
12.6.2 Industrial Grade
12.6.3 Others
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 Boric Acid Market Size Forecast by Applications
12.10.1 Glass
12.10.2 Ceramics
12.10.3 Pharmaceutical
12.10.4 Pesticide
12.10.5 Fertilizer
12.10.6 Textile Industry
12.10.7 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) Boric Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boric Acid 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) Boric Acid Market Size Forecast by Type
13.6.1 Medical Grade
13.6.2 Industrial Grade
13.6.3 Others
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) Boric Acid Market Size Forecast by Applications
13.10.1 Glass
13.10.2 Ceramics
13.10.3 Pharmaceutical
13.10.4 Pesticide
13.10.5 Fertilizer
13.10.6 Textile Industry
13.10.7 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 Market: Competitive Dashboard
14.2 Global Boric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ricca Chemical
14.3.2 Etimine USA
14.3.3 Promega Corporation
14.3.4 Quiborax
14.3.5 Minera Santa Rita SRL (MSR)
14.3.6 Southern Agricultural Insecticides
14.3.7 Inkabor
14.3.8 Ricca Chemical
