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Global Boric Acid Market 2016-2020

Global Boric Acid Market 2016-2020

About Boric Acid

Boric acid is an odorless, nearly tasteless, and non-flammable compound. It is used as a minor antiseptic, anti-fungal agent, and insecticide for control of cockroaches, termites, fire ants, and fleas. It is also used in the manufacture of glass and fiberglass, halogen light bulbs, laboratory glassware and circuit boards, and in nuclear power plants to slow down the rate of the fission reaction.

Technavio’s analysts forecast the global boric acid market to grow at a CAGR of 7.44% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global boric acid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of boric acid in several industries including glass and fiberglass, pharmaceuticals and personal care products, flame retardants, wood preservatives and pest control, nutritional supplements, and other segments by considering 2015 as the base year.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Boric Acid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • 3M
  • Avantor Performance Materials
  • BASF
  • Borax
  • Eti Maden
  • Gujarat Boron Derivatives
Other prominent vendors
  • Minera Santa Rita (MSR)
  • Quiborax
  • Russian Bor
  • Searles Valley Reserves
  • Sociedad Industrial Tierra
  • Societa Chimica Larderello (SCL)
  • Tomiyama Pure Chemical Industries
Market driver
  • Rising demand from fiberglass and other end-user segments.
  • For a full, detailed list, view our report
Market challenge
  • Toxicity and bioaccumulation potential of boric acid.
  • For a full, detailed list, view our report
Market trend
  • Production of boric acid from ulexite using trona.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Boric Acid Market 2016-2020

Technavio recognizes the following companies as the key players in the global boric acid market: 3M, Avantor Performance Materials, BASF, Borax, Eti Maden, and Gujarat Boron Derivatives.

Other prominent vendors in the market are: Minera Santa Rita (MSR), Quiborax, Russian Bor, Searles Valley Reserves, Sociedad Industrial Tierra, Societa Chimica Larderello (SCL), and Tomiyama Pure Chemical Industries.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is high demand for boric acid in energy saving appliances. The demand for boric acid used in energy-saving applications such as the insulation for commercial and residential buildings is on the rise. The compound is also used for energy generation from oil extraction and wind. In North America, especially in the US, the reduction in unemployment rates and stable income levels have increased construction activities. This factor along with an increase in consumer spending will foster the demand for boric acid, thereby driving the market growth during the forecast period.”

According to the report, one of the primary drivers in the market is rapid urbanization. Urbanization, energy needs, and the demand for food products globally are fostering the global boric acid market. Urbanization and rising disposable incomes, especially in developing economies, have elevated the demand for glazed ceramics, electronic devices, and LCD televisions. These appliances contain borosilicate glass and textile fiberglass.

Further, the report states that one major challenge in the market is ban on cosmetic products containing boric acid by EU. Cosmetic products containing boric acid are banned in EU legislation, and no exception to the ban has been granted. The compound has been classified as carcinogenic, mutagenic, or toxic for reproduction (CMR), by the grouping 1B of Regulation (EC) 790/2009 adjusting Regulation 1272/2008 on the classification, labeling, and packaging of substances and mixtures (CLP Regulation). This was as a result of being included in Part 3 of Annex VI of the CLP Regulation.



Companies Mentioned

3M, Avantor Performance Materials, BASF, Borax, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita (MSR), Quiborax, Russian Bor, Searles Valley Reserves, Sociedad Industrial Tierra, Societa Chimica Larderello (SCL), Tomiyama Pure Chemical Industries.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global boric acid market
      • Table Global boric acid market by application
      • Table Global boric acid market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Product definition
    • Production process
    • Price trends
      • Table Price trend for boric acid 2014-2020 ($ per metric ton)
    • Outlook
  • Market landscape
    • Market size and forecast
      • Table Global boric acid market 2015-2020 (thousand metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global boric acid market by application 2015
      • Table Global boric acid market by application 2020
    • Global boric acid market in glass and fiberglass segment
      • Table Global boric acid market in glass and fiberglass segment 2015-2020 (thousand metric tons)
    • Global boric acid market in pharmaceuticals and personal care products segment
      • Table Global boric acid market in pharmaceuticals and personal care products segment 2015-2020 (thousand metric tons)
    • Global boric acid market in flame retardants segment
      • Table Global boric acid market in flame retardants segment 2015-2020 (thousand metric tons)
    • Global boric acid market in wood preservative and pest control segment
      • Table Global boric acid market in wood preservative and pest control segment 2015-2020 (thousand metric tons)
    • Global boric acid market in nutritional supplements segment
      • Table Global boric acid market in nutritional supplements segment 2015-2020 (thousand metric tons)
    • Global boric acid market in other segments
      • Table Global boric acid market in other segments 2015-2020 (thousand metric tons)
  • Market segmentation by geography
    • Market overview
      • Table Global boric acid market by geography 2015
      • Table Global boric acid market by geography 2020
    • Boric acid market in APAC
      • Table Boric acid market in APAC 2015-2020 (thousand metric tons)
    • Boric acid market in Europe
      • Table Boric acid market in Europe 2015-2020 (thousand metric tons)
    • Boric acid market in North America
      • Table Boric acid market in North America 2015-2020 (thousand metric tons)
    • Boric acid market in ROW
      • Table Boric acid market in ROW 2015-2020 (thousand metric tons)
  • Market drivers
    • Rising demand from fiberglass and other end-user segments
      • Table Expected residential construction spending in US 2015-2019 ($ billions)
    • Rapid urbanization
    • High demand for borosilicate glass
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Toxicity and bioaccumulation potential of boric acid
    • Ban on cosmetic products containing boric acid by EU
    • Side effects of boric acid use
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • High demand for boric acid in energy saving appliances
      • Table Expected construction spending in US 2015-2019 ($ trillions)
    • Production of boric acid from ulexite using trona
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global boric acid market: Major Vendors 2015
    • Other prominent vendors
    • 3M
      • Table 3M: Business segmentation by revenue 2015
      • Table 3M: Geographic segmentation by revenue 2015
    • Avantor Performance Materials
      • Table Avantor Performance Materials: Product segmentation
    • BASF
      • Table BASF: Business segmentation by revenue 2015
    • Borax
      • Table Borax: Product categories
    • Eti Maden
      • Table Eti Maden: Geographic presence
      • Table Eti Maden: Product segmentation
    • Gujarat Boron Derivatives
      • Table Gujarat Boron Derivatives: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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