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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