Boric Acid Market 2019 Segmentation, Application, Technology & Market Analysis Research Report to 2023

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Boric Acid Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Boric Acid Market Research Report- Forecast to
2023
Boric Acid Market - Overview
Boric acid is an odourless, weak, monobasic
acid, and is a naturally occurring compound
containing the element boron. It exists in powder
form as well as a white powder or colourless
crystals, which are soluble in water. It shows
antibiotic properties against against both
bacterial and fungal infections. Boric acid is
used in both industrial and household
applications. It is used in the manufacture of
textile fibre glasses, soldering operations, and
making lubricants. It is also used as
insecticides, antiseptic, antibacterial compound,
flame retardant, and to treat boron deficiencies
in plants. With the increase in urbanisation,
and rise in per capita income, boric acid market
is growing with a faster pace. Growing
construction activities in emerging economies
such as India and China have boosted the use of
fibre glass in building and construction. The
growing demand of boric acid as an energy
sufficient compound and its use in laboratory
applications is fuelling the growth of the
market. In addition, its use as pH modifier and
viscosity modifier in oil and gas sector is also
driving the growth of boric acid market.
Furthermore, some other factors trending the
growth of this market includes the rising demand
from cosmetics, pharmaceuticals, and agriculture
industries. It is used to treat the boron
deficiencies in plants, and to preserve woods
against fungal attacks.
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Boric Acid Market Research Report- Forecast to
2023
Segmental Analysis
The Global Boric Acid Market has been segmented
on the basis of End-Use, Application and
Region. Based on End-Use, the fiberglass segment
accounted for the largest share in the Global
Boric Acid Market in 2017. Fiber glass is used in
building and construction activities, and is also
used in automotives, With the growing population,
the construction and automotive industries are
also growing, due to the surge in demand and
rapid urbanization. Especially in developing
countries such as China, India, Korea, and
Taiwan, fibre glass segment is witnessing higher
growth. The segment is expected to continue its
dominance over the forecast period. By
Application, industrial segment held the largest
share in the Global Boric Acid Market in 2017.
The increasing use of Boric Acid in
pharmaceuticals, cosmetics, fiberglass,
insecticides, and power generation are
contributing to the growth. In addition, boric
acid is also used in electronics industry and
borate and boron products are used in the oil
gas industry. Furthermore, growth of the
healthcare, power energy, automotive, and
construction are fueling the growth of Boric
Acid. Industrial segment is thus projected to
grow at a higher CAGR during the forecast
period. Get Complete Report _at_ https//www.marketr
esearchfuture.com/reports/boric-acid-market-7294


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Boric Acid Market Research Report- Forecast to
2023
Regional Outlook
Global Boric Acid Market has been analyzed
across five regions Asia Pacific, North America,
Europe, Latin America, and the Middle East
Africa. Among them, Asia-Pacific held the largest
and fastest growing market in 2017, owing to the
growth of construction and agriculture industries
in this region. North American market accounted
for the second largest share in the Global Boric
Acid Market, due to the increased use of boric
acid in cosmetics and pharmaceuticals, besides
construction. Furthermore, Europe is expected to
show considerable growth in the product market
during the review period. However, the Latin
America and the Middle East Africa markets are
projected to show moderate and steady growth
respectively during the forecast years.
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Boric Acid Market Research Report- Forecast to
2023
Major Players in this Research

• Boric Acid Market Prominent Players
• 3M (US)
• Avantor, Inc (US)
• BASF SE (Germany)
• Borax (US)
• Eti Maden (US)
• Gujarat Boron Derivatives (India)
• Minera Santa Rita (Argentina)
• Russian Bor Concern OJSC (Russia)
• Borax Morarji Ltd (India)
• Tomiyama Pure Chemical Industries, Ltd (Japan)

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