Maximize Market Research, a leading “Chemical&Material” business consultancy and research firm has published a report on the “Boric Acid Market”. The total market opportunity for Boric Acid Market was USD 890 Mn in 2023 and is expected to grow at a CAGR of 5.8 percent through the forecast period, reaching USD 1320.66 Mn by 2030. As per the report, the global Boric Acid Market is expected to be dominated by the North America and Europe region to grow at a significant growth rate during the forecast period.
Market Size in 2021 USD 890 Mn.
Market Size in 2029 USD 1320.66 Mn.
CAGR 5.8 percent (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 195
No. of Tables 127
No. of Charts and Figures 106
Segment Covered Grade, Application, Distribution Channel, and End-User
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
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Boric Acid Market Scope and Research Methodology
The report on Boric Acid Market provides a thorough analysis of the market structure and the nature of competition in the market. The Boric Acid Market size was estimated meticulously by using a bottom-up approach to get an understanding of the market growth. Key insights covered in the report include the major drivers of the market at the global and regional level, challenges for future growth and various opportunities in the market.
Regional analysis is conducted to provide information on the market leaders in various regions, market penetration and demographic factors affecting the regional Boric Acid industry. For the competitive analysis of the Boric Acid Market, a competitive matrix is made covering market leaders and new entrants. The report presents an overview of each company along with important takeaways based on the revenue generated, financial health, technological advancements, recent developments, mergers and acquisitions, joint ventures, alliances and marketing tactics.
The report also covers a strategic study of key market players in the market. The Boric Acid Market report presents the key player’s in-depth analysis of the industry, including company profile, revenue, product specifications, technology development and product sales, price, and gross margin sales. The market overview of the industry and market development of Boric Acid is given in the report. The SWOT analysis was used to study the strengths and weaknesses of the Boric Acid Market.
Boric Acid Market Overview
The Boric Acid industry presents an appealing prospect for manufacturers, retailers, and designers to capitalize on. By continuing agreement with evolving pharmaceutical industry and diverse trends involved in construction developments, there exists significant potential for innovations. Whether the increasing popularity of borosilicate glass products such as Pyrex and Duran further fuel the demand for boric acid are commonly engage with consumers and fosters market growth.
Boric Acid Market Dynamics
The increasing popularity of borosilicate glass products such as Pyrex and Duran further fuel the demand for boric acid during the forecast period. The shifting preferences of the ceramics industry, boric acid is used as a flux, also it is used in personal care products such as cosmetics and soups which are driving the market. The fluctuating prices of raw materials due to the unpredictable climatic conditions pose a challenge to the global Boric Acid industry’s growth. The market growth is also expected to be restrained by the availability of substitutes for Boric Acid such as Oats and other Foods over the forecast period.
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Boric Acid Market Regional Insights
In Asia Pacific, the Boric Acid Market is expected to grow over the forecast period
The Countries like India and China led the Boric Acid Market with the largest market share in 2023 and is expected to maintain its position in the Asia Pacific region during the forecast period. The market growth is driven by the increasing construction and Pharmaceuticals Developments are key factors that are expected to fuel the market in the region.
Boric Acid Market Segmentation
By Grade:
- Industrial
- Pharmaceutical
By Application:
- Industrial
- Household
By Distribution Channel:
- Wholesale
- E-Commerce
- Retail Shop
- Hypermarket/Supermarket
- Independent Shop
- Convenient Shop
By End-User:
- Glass
- Ceramic
- Agriculture
- Medical
- Cosmetics
- Wood Preservation
- Flame Retardants
- Other
Boric Acid Market Key Competitors include:
North America Boric Acid Market Key Players:
- Rose Mill Company
- PhytoTech Lab
- Ricca Chemicals
- S. Borax
Europe Boric Acid Market Key Players:
- BASF
- Chemische Fabrik Karl Bucher GmbH
Asia Pacific Boric Acid Market Key Players:
- Tomiyama Pure Chemical Industries
- Suvidhi Industries
- Bhavani Chemicals
- Hemadri Chemicals
- Kanto Denka Kogyo Company
- Junsei Chemical Co.,Ltd.
- Dhairya International
- Iffco Chemical Industries
Middle East&Africa Boric Acid Market Key Players:
- Eti Maden
South Ameica Boric Acid Market Key Players:
- Inkabor
- Quiborax
Key questions answered in the Boric Acid Market are:
- What is Boric Acid?
- What is the current growth rate of the Boric Acid Market?
- Who are the key players in the Boric Acid Market?
- What are the factors affecting growth in the Boric Acid Market?
- Who held the largest market share in Boric Acid Market?
- What is the demand pattern for the Boric Acid Market?
- What are the opportunities for the Boric Acid Market?
- What are the strategies used by competitors in the Boric Acid Market?
- What are the growth prospects in developing countries for the Boric Acid Market?
- Which segment is expected to witness the fastest growth and why in the Boric Acid Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018-2022)
- Past Pricing and price curve by region (2018-2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Product, Distribution and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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