The global boric acid market size reached US$ 845 Million in 2022. Looking forward, the publisher expects the market to reach US$ 1,178 Million by 2028, exhibiting a CAGR of 5.69% during 2022-2028. The increasing product utilization in the pharmaceutical industry, the widespread product adoption for manufacturing fiberglass, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Boric acid B(OH)3 is a colorless or white crystalline compound that occurs naturally or is produced artificially from borax. It is also known as acidum boricum, hydrogen borate, boracic acid, and orthoboric acid. It is soluble in water and does not have any characteristic odor. Boric acid yields various borate anions and salts and can react with alcohols to form borate esters. It is widely used in many chemical products as an antiseptic, insecticide, flame retardant, neutron absorber, or precursor. It is also used to manufacture cosmetics, cement, pottery, enamels, glazes, and artificial gems and in tanning, printing, dyeing, painting, and photography. It is a weak acid that exhibits antiviral, antifungal, and antiseptic properties. As a result, boric acid finds extensive applications across the pharmaceuticals, agricultural, chemical processing, building and construction industries.
The report has provided a detailed breakup and analysis of the boric acid market based on purity. This includes < 99% and =99%. According to the report, =99% represented the largest segment.
Boric acid B(OH)3 is a colorless or white crystalline compound that occurs naturally or is produced artificially from borax. It is also known as acidum boricum, hydrogen borate, boracic acid, and orthoboric acid. It is soluble in water and does not have any characteristic odor. Boric acid yields various borate anions and salts and can react with alcohols to form borate esters. It is widely used in many chemical products as an antiseptic, insecticide, flame retardant, neutron absorber, or precursor. It is also used to manufacture cosmetics, cement, pottery, enamels, glazes, and artificial gems and in tanning, printing, dyeing, painting, and photography. It is a weak acid that exhibits antiviral, antifungal, and antiseptic properties. As a result, boric acid finds extensive applications across the pharmaceuticals, agricultural, chemical processing, building and construction industries.
Boric Acid Market Trends:
The increasing product demand in the pharmaceutical industry across the globe is one of the key factors driving the market growth. Boric acid is used in treating vaginal yeast infections and ear infections in animals and humans due to its antibacterial and antifungal properties. In line with this, the widespread product utilization for external applications, including eye disinfectants, contact lens solutions, anti-aging preparations, and baby powders, is acting as another growth-inducing factor. Moreover, the increasing application of boric acid in agricultural chemicals as well as in coal-fired power plants, as it is an essential ingredient in pesticides used against spiders, mites, and algae, is favoring the market growth. Apart from this, the introduction of new advanced methods that helps in producing boric acid without any harmful waste material and offers an alternative process to commercial production methods is providing an impetus to the market growth. Additionally, the increasing product utilization in manufacturing fiberglass and specialty glass, as it offers chemical and heat resistance, transparency, and brightness to glass and assists in reducing melting point, viscosity, and increasing breakage index, is facilitating the market growth. Furthermore, the widespread product adoption as a nutritional supplement and fortifying agent in processed food is positively influencing the market growth. Other factors, including significant growth in the construction industry, increasing agricultural activities and extensive research and development (R&D) activities, are anticipated to drive the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global boric acid market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on purity, application, distribution channel, and end user.Purity Insights:
- < 99%
The report has provided a detailed breakup and analysis of the boric acid market based on purity. This includes < 99% and =99%. According to the report, =99% represented the largest segment.
Application Insights:
- Flame Retardants
- Ceramics & Fiberglass
- Wood Preservatives
- Nutritional Supplements
- Pest Control
- Others
Distribution Channel Insights:
- Wholesale
- E-Commerce
- Retail Stores
- Supermarkets and Hypermarkets
- Independent Stores
- Others
End User Insights:
- Pharmaceuticals
- Agricultural
- Chemical Processing
- Building & Construction
- Nuclear
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global boric acid market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3M Company, Avantor Inc., Eti Maden, Gujarat Boron Derivatives Pvt. Ltd., Indo Borax & Chemicals Limited, Minera Santa Rita S.R.L., Organic Industries Pvt. Ltd., Quiborax SA, SCL Italia S.p.A., Singhania International Limited, Sociedad Industrial Tierra S.A., The Chemical Company, Tomiyama Pure Chemical Industries Ltd., U.S. Borax Inc. (Rio Tinto plc), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global boric acid market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global boric acid market?
- What are the key regional markets?
- Which countries represent the most attractive boric acid markets?
- What is the breakup of the market based on purity?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on distribution channel?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global boric acid market?
- Who are the key players/companies in the global boric acid market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Boric Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Purity
6.1 < 99%
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 =99%
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Flame Retardants
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Ceramics & Fiberglas
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Wood Preservatives
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Nutritional Supplements
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Pest Control
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Wholesale
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 E-Commerce
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Retail Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Supermarkets and Hypermarkets
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Independent Stores
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by End User
9.1 Pharmaceuticals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Agricultural
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Chemical Processing
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Building & Construction
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Nuclear
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 3M Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Avantor Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Eti Maden
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Gujarat Boron Derivatives Pvt. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Indo Borax & Chemicals Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Minera Santa Rita S.R.L.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Organic Industries Pvt. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Quiborax SA
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 SCL Italia S.p.A.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Singhania International Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Sociedad Industrial Tierra S.A.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 The Chemical Company
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Tomiyama Pure Chemical Industries Ltd.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.15 U.S. Borax Inc. (Rio Tinto plc)
15.3.15.1 Company Overview
15.3.15.2 Product Portfolio
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
Figure 1: Global: Boric Acid Market: Major Drivers and Challenges
Figure 2: Global: Boric Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Boric Acid Market: Breakup by Purity (in %), 2022
Figure 5: Global: Boric Acid Market: Breakup by Application (in %), 2022
Figure 6: Global: Boric Acid Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Boric Acid Market: Breakup by End User (in %), 2022
Figure 8: Global: Boric Acid Market: Breakup by Region (in %), 2022
Figure 9: Global: Boric Acid (< 99%) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Boric Acid (< 99%) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Boric Acid (≥99%) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Boric Acid (≥99%) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Boric Acid (Flame Retardants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Boric Acid (Flame Retardants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Boric Acid (Ceramics & Fiberglas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Boric Acid (Ceramics & Fiberglas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Boric Acid (Wood Preservatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Boric Acid (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Boric Acid (Nutritional Supplements) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Boric Acid (Nutritional Supplements) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Boric Acid (Pest Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Boric Acid (Pest Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Boric Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Boric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Boric Acid (Wholesale) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Boric Acid (Wholesale) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Boric Acid (E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Boric Acid (E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Boric Acid (Retail Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Boric Acid (Retail Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Boric Acid (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Boric Acid (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Boric Acid (Independent Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Boric Acid (Independent Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Boric Acid (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Boric Acid (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Boric Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Boric Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Boric Acid (Agricultural) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Boric Acid (Agricultural) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Boric Acid (Chemical Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Boric Acid (Chemical Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Boric Acid (Building & Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Boric Acid (Building & Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Boric Acid (Nuclear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Boric Acid (Nuclear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Boric Acid (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Boric Acid (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: North America: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: North America: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United States: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United States: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Canada: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Canada: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Asia-Pacific: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Asia-Pacific: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: China: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: China: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Japan: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Japan: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: India: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: India: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: South Korea: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: South Korea: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Australia: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Australia: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Indonesia: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Indonesia: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Europe: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Europe: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Germany: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Germany: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: France: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: France: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: United Kingdom: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: United Kingdom: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Italy: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Italy: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Spain: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Spain: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Russia: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Russia: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Latin America: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Latin America: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Brazil: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Brazil: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Mexico: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Mexico: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Others: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Middle East and Africa: Boric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Middle East and Africa: Boric Acid Market: Breakup by Country (in %), 2022
Figure 97: Middle East and Africa: Boric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Global: Boric Acid Industry: Drivers, Restraints, and Opportunities
Figure 99: Global: Boric Acid Industry: Value Chain Analysis
Figure 100: Global: Boric Acid Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Boric Acid Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Boric Acid Market Forecast: Breakup by Purity (in Million US$), 2023-2028
Table 3: Global: Boric Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Boric Acid Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Boric Acid Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Boric Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Boric Acid Market: Competitive Structure
Table 8: Global: Boric Acid Market: Key Players
Companies Mentioned
- 3M Company
- Avantor Inc.
- Eti Maden
- Gujarat Boron Derivatives Pvt. Ltd.
- Indo Borax & Chemicals Limited
- Minera Santa Rita S.R.L.
- Organic Industries Pvt. Ltd.
- Quiborax SA
- SCL Italia S.p.A.
- Singhania International Limited
- Sociedad Industrial Tierra S.A.
- The Chemical Company
- Tomiyama Pure Chemical Industries Ltd.
- U.S. Borax Inc. (Rio Tinto plc)
Methodology
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