Boron Trifluoride & Complexes Market Size, Growth Analysis Report, Forecast to 2029

 The global boron trifluoride and complexes market is projected to reach a value of US$ 389.4 Million by 2029, with the market expanding at a moderate CAGR of 5.3% from 2022 to 2029. Valued at US$ 257.2 Million in 2021, the target market is expected to reach an estimated US$ 270.7 Million in 2022.

Owing to an escalation in the application of boron trifluoride as a catalyst in the chemical industry, the boron trifluoride and complexes market is expected to expand steadily during the forecast period. Predominantly used as a catalyst in the chemical, agricultural, petrochemical, and pharmaceutical industries, boron trifluoride (BF3) is a compressed, non-flammable gas.

The global market for boron trifluoride & complexes is likely to register impressive growth in the next few years due to its immense application in various end-use industries. The chemicals and petrochemical industries are projected to continue as one of the primary growth drivers of the target market.

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Competitive Landscape 

BASF SE, Voltaix LLC ( acquired by Air Liquide), NAVIN FLUORINE INTERNATIONAL LIMITED, Praxair Technology, Inc., Honeywell International Inc., Stella Chemifa Corporation, Matheson Tri-Gas Inc., Arkema, Gulbrandsen, Entegris, Inc., Tanfac Industries Ltd., Qingzhou Chenkai Chemical Co., Ltd., The Linde Group, Hunan Heaven Materials Development Co., Zibo Shuanglian Petroleum & Chemical Co., Ltd., and Wujiang City Fuhua Chemical Co., Ltd., among others, are some of the major players in the boron trifluoride and complexes market profiled in the full version of the report.

Key market players are concentrating on entering markets in emerging economies to cater to the growing demand for mono propylene glycol. These businesses are keen on improving their R&D activities, increasing their production capabilities, releasing more products, and adopting mergers and acquisition strategies to gain a competitive advantage.

More Insights into Boron Trifluoride & Complexes Market Report

In its latest report, FMI offers an unbiased analysis of the global boron trifluoride and complexes market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2029. To understand the global market potential, growth, and scope, the market is segmented based on type, application, end-user, and region.

According to the latest FMI reports, based on segmentation, the BF3 gas segment is predicted to perform well during the observation period. The segment will reach an estimated US$ 150.6 Million in the Asia Pacific (excluding Japan) by the end of 2029. While the technical grade segment will grow at a 5.5% CAGR, the catalyst application segment will reach US$ 279.8 Million by the end of 2029.

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