Boric Acid Market Size 2020 | 3M (US), Avantor, Inc (US), BASF SE (Germany), Borax (US), Eti Maden (US)

Boric Acid Market Size

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 2020. Fiberglass is used in building and construction activities and is also used in automotive, 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, the fiber glass segment is witnessing higher growth. The segment is expected to continue its dominance over the forecast period.

By application, the industrial segment held the largest share in the global Boric Acid Market Size in 2020. The increasing use of boric acid in pharmaceuticals, cosmetics, fiberglass, insecticides, and power generation is contributing to the growth. In addition, boric acid is also used in the electronics industry and borate and boron products are used in the oil & gas industry. Furthermore, the growth of healthcare, power & energy, automotive, and construction are fueling the growth of boric acid. The industrial segment is thus projected to grow at a higher CAGR during the forecast period.

Regional Analysis:

The 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 2020, 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.

Get a Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/7294

Key Players:

Some of the key players in the global boric acid market are 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), and Borax Morarji Ltd (India), and Tomiyama Pure Chemical Industries, Ltd (Japan)

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Markets Structure

Browse Complete Report for Better Understanding https://www.marketresearchfuture.com/reports/boric-acid-market-7294

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics Of Global Water Treatment Chemicals Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com


Comments

Post a Comment

Popular posts from this blog

Carbon Black Market: Anticipated Expansion and Key Developments (2023-2033)

  The carbon black market has experienced significant growth in recent years, driven by its wide range of applications across various industries. Carbon black is a fine powder produced by the incomplete combustion of hydrocarbons. It is primarily composed of carbon and possesses unique properties such as high tensile strength, conductivity, and ultraviolet (UV) resistance. The market for carbon black is influenced by factors such as the expanding automotive industry, the growing demand for specialty carbon black, and increasing applications in the construction sector. One of the key drivers for the carbon black market is the automotive industry. Carbon black is extensively used in the manufacturing of tires and rubber products. It improves the strength, durability, and abrasion resistance of tires, enhancing their performance and safety. With the rising demand for vehicles worldwide, especially in emerging economies, the demand for carbon black in the automotive sector has witnessed s
Read more

Recovered Carbon Black Market 2023, Size, Global Trends, Industry Share, Growth Rate, Top Players, Business Opportunities, Demand, Forecast 2032

 The  recovered carbon black (rCB) market  has experienced significant growth in recent years, driven by factors such as the increasing demand for sustainable products, stringent environmental regulations, and the growing emphasis on circular economy practices. Recovered carbon black refers to the recycled form of carbon black, which is a fine powder derived from the incomplete combustion of hydrocarbons. One of the key drivers for the growth of the PCB market is the rising demand for sustainable alternatives to conventional carbon black. Carbon black is widely used in various industries, including rubber manufacturing, plastics, and coatings, due to its excellent reinforcing properties and UV resistance. However, the production of virgin carbon black involves the emission of greenhouse gases and other pollutants. As a result, there is a growing need to adopt more environmentally friendly solutions, leading to the increased utilization of recovered carbon black. The market for recove
Read more

Active Calcium Silicate Market: Growth Prospects and Technological Advancements (2023-2033)

  Active Calcium Silicate Market The Active calcium silicate market has been witnessing significant growth due to the increasing demand for thermoplastic polyurethane (TPU), biocomposites, and synthetic rubber across various industries. Active calcium silicate, also known as calcium metasilicate, is a versatile material that finds applications in diverse sectors such as construction, automotive, healthcare, and food processing. One of the key drivers of the active calcium silicate market is the growing demand for thermoplastic polyurethane. TPU is a type of elastomer that offers excellent mechanical properties, including high elasticity, durability, and resistance to abrasion, chemicals, and UV radiation. TPU is widely used in the manufacturing of footwear, automotive parts, industrial belts, and sports equipment. Active calcium silicate is used as a reinforcing filler in TPU formulations, enhancing its mechanical strength, dimensional stability, and flame retardancy. Biocomposites ,
Read more