Boric Acid Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032

 The global boric acid market is expected to grow from US$ 840.7 million in 2022 to US$ 1,409 million in 2022 Year 2032 will grow at a CAGR of 5.3% over the forecast period. Increasing demand for electricity, increased awareness of energy-saving techniques and the rapid pace of urbanization are driving the demand for boric acid.

In addition, increasing investment in the glassmaking, cosmetics, and construction industries will be driven by the growing population and purchasing power of emerging economies. Boric acid also known as hydrogen borate, orthoboric acid, and boracic acid is odorless, white, weak monobasic acid.  It has a crystalline structure usually available in a water-soluble powder form.

The global boric acid market is expected to have a significant growth rate, attributed to the growing energy-saving appliances market. Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy due to the rapidly growing population in the region, especially in China and India.

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Global Boric Acid Market Player:

A few players in the global boric acid market include Borax, Tomiyama Pure Chemical Industries, 3M, Sociedad Industrial Tierra, Avantor Performance Materials, Societa Chimica Larderello (SCL), BASF, Russian Bor, Searles Valley Reserves, Eti Maden, Minera Santa Rita (MSR), Gujarat Boron Derivatives, and Quiborax.

Key Segments Profiled in the Boric Acid Market Survey

By End-User:

  • Tiles, Ceramic, and Fiberglass Manufacturers
  • Flame Retardants
  • Agriculture
  • Wood Preservation
  • Pharmaceuticals
  • Cosmetics

By Application:

  • Industrial/Commercial
  • Household

By Distribution Channel:

  • Wholesale
  • E-Commerce
  • Retail Shop
  • Hypermarket/Supermarket
  • Independent Shop
  • Convenient Shop

Global Boric Acid Market Regional Outlook:

Based on the geographies, the global boric acid market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the regions, North America accounts for a significant share of the global boric acid market in terms of value, attributed to the rising employment rate and rising disposable income. Western Europe’s revenue share is followed by the North American region in the global boric acid market, whereas the growth of the boric acid market is relatively low than other regions.

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