Boric Acid Market 2019 | Technology, Applications, Growth and Region Forecast 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
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. The demand for
borosilicate glass in cookware items, its use as
lubricant on metal surfaces, and the increasing
construction industry across the globe, are the
growth opportunities of the global boric acid
market. However, as per the European
regulations, manufacturers of the personal care
items are prohibited from using boric acid, due
to its categorization under the carcinogenic
compounds. Additionally, boric acid is toxic if
inhaled or consumed by any means. These factors
are expected to restrain the market growth in the
coming years.
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Boric Acid Market Research Report- Forecast to
2023
Segmental Analysis
The Global Boric Acid Market has been segmented
based on 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 Based on Application
into Industrial and Household. View Full Press
Release _at_ https//www.marketresearchfuture.com/rep
orts/boric-acid-market-7294
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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 he 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 equipments. 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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