Boric Acid Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast 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. By End-Use, Global Boric Acid Market has
been segmented into tiles, ceramics, fiberglass,
flame retardants, agriculture, wood preservation,
pharmaceutical, cosmetics, and others. The
market is also segmented on the basis of
application into industrial and household. View
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Boric Acid Market Research Report- Forecast to
2023
Regional Outlook
The Global Boric Acid Market has been spanned
across five regions, namely, Asia-Pacific, North
America, Europe, Latin America, and the Middle
East Africa. Asia-Pacific accounted for the
largest share in the Global Boric Acid Market in
2017. The rapidly growing construction industry
is the prime driver for his growth of the product
market in this region. Emerging economies such as
India, China, and Korea are witnessing rising
constructional activities in their countries due
to growing urbanization and other macro-economic
factor such as rising per capita income. The
region is expected to continue its dominance over
the forecast period. North America held the
second largest share in the Global Boric Acid
Market in 2017. The growth is attributed to the
increasing use of boric acid in construction,
pharmaceutical, and automotive industries. The
region is projected to show remarkable growth
during the review period. European market is
expected to grow at a healthy CAGR during the
review period. Owing to the growing building and
construction activity, coupled with the
increasing use of boric acid in electronics
industry. Boric Acid is also largely used
producing cookware and laboratory
equipment's. The increasing cosmetics industry
and the growing demand of Boric Acid in making
cosmetic products and other personal care items,
are boosting the demand for Boric Acid in Latin
America. In addition, the growing electronics
industry is also contributing to the growth of
boric acid market in this region. Latin American
market is expected to show steady growth during
the review period. The Middle East Africa
market is expected to show steady growth during
the review period. Growth is attributed to the
increasing constructional activities in this
region.
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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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