The global Boric Acid market was valued at US$ 1431.5 million in 2022 and is projected to reach US$ 2051.2 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
“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.
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This report aims to provide a comprehensive presentation of the global market for Boric Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Boric Acid. This report contains market size and forecasts of Boric Acid in global, including the following market information:
Global Boric Acid Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Boric Acid Market Sales, 2018-2023, 2024-2032, (K MT)
Global top five Boric Acid companies in 2022 (%)
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Boric Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Boric Acid Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Boric Acid Market Segment Percentages, by Type, 2022 (%)
Medical Grade
Industrial Grade
Others
Global Boric Acid Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Boric Acid Market Segment Percentages, by Application, 2022 (%)
Glass
Ceramics
Pharmaceutical
Pesticide
Fertilizer
Textile Industry
Others
Global Boric Acid Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Boric Acid Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Boric Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Boric Acid revenues share in global market, 2022 (%)
Key companies Boric Acid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Boric Acid sales share in global market, 2022 (%)
Key players include:
Ricca Chemical
Etimine USA
Promega Corporation
Quiborax
Minera Santa Rita SRL (MSR)
Southern Agricultural Insecticides
Inkabor
Outline of Major Chapters:
Chapter 1: Introduces the definition of Boric Acid, market overview.
Chapter 2: Global Boric Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Boric Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Boric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Boric Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports 1.1 Boric Acid Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Boric Acid Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Boric Acid Overall Market Size 2.1 Global Boric Acid Market Size: 2022 VS 2032 2.2 Global Boric Acid Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Boric Acid Sales: 2018-2032 3 Company Landscape 3.1 Top Boric Acid Players in Global Market 3.2 Top Global Boric Acid Companies Ranked by Revenue 3.3 Global Boric Acid Revenue by Companies 3.4 Global Boric Acid Sales by Companies 3.5 Global Boric Acid Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Boric Acid Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Boric Acid Product Type 3.8 Tier 1, Tier 2 and Tier 3 Boric Acid Players in Global Market 3.8.1 List of Global Tier 1 Boric Acid Companies 3.8.2 List of Global Tier 2 and Tier 3 Boric Acid Companies 4 Sights by Product 4.1 Overview 4.1.1 By Type - Global Boric Acid Market Size Markets, 2022 & 2032 4.1.2 Medical Grade 4.1.3 Industrial Grade 4.1.4 Others 4.2 By Type - Global Bori
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