Boric Acid Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Boric Acid Market Research Report- Forecast to 2023 Boric acid is an odourless, weak, monobasic acid, and is a naturally occurring compound containing the element boron. It exists in powder form as well as a white powder or colourless crystals, which are soluble in water. It shows antibiotic properties against against both bacterial and fungal infections. Boric acid is used in both industrial and household applications. It is used in the manufacture of textile fibre glasses, soldering operations, and making lubricants. It is also used as insecticides, antiseptic, antibacterial compound, flame retardant, and to treat boron deficiencies in plants. 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. Boric Acid Market - Overview

Boric Acid Market Research Report- Forecast to 2023 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 Fiber glass is used in building and construction activities, and is also used in automotives, 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, fibre glass segment is witnessing higher growth. The segment is expected to continue its dominance over the forecast period. By Application, industrial segment held the largest share in the Global Boric Acid Market in The increasing use of Boric Acid in pharmaceuticals, cosmetics, fiberglass, insecticides, and power generation are contributing to the growth. In addition, boric acid is also used in electronics industry and borate and boron products are used in the oil & gas industry. Furthermore, growth of the healthcare, power & energy, automotive, and construction are fueling the growth of Boric Acid. Industrial segment is thus projected to grow at a higher CAGR during the forecast period. Get Complete Segmental Analysis

Boric Acid Market Research Report- Forecast to 2023 Regional Outlook 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 2017, 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.

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) Get Free Sample

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