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ホウ酸の世界市場:純度別、用途別、流通チャネル別、エンドユーザー別、地域別、2024~2032年

Boric Acid Market Report by Purity, Application, Distribution Channel, End User, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 137 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.91円
ホウ酸の世界市場:純度別、用途別、流通チャネル別、エンドユーザー別、地域別、2024~2032年
出版日: 2024年04月08日
発行: IMARC
ページ情報: 英文 137 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のホウ酸の市場規模は、2023年に8億9,320万米ドルに達し、2024~2032年にかけてCAGR 4.8%で成長し、2032年までに13億7,970万米ドルに達すると予測されています。さまざまな産業での製品用途の拡大、農業や建設分野での需要の増加、ハイテク用途での使用の増加、製薬・ヘルスケア分野の強化などが、市場を推進している主な要因です。

ホウ酸はホウ素、酸素、水素からなる化合物で、化学式はH3BO3です。白色で無臭の結晶性粉末として存在します。この万能物質は、防腐剤、収斂剤、殺虫剤、肥料として、医薬品、農業、化粧品を含む様々な産業での用途を見つける。この他に、ホウ酸はフラックスとして機能する能力により、ガラス、セラミックス、エナメルの製造に利用されます。その穏やかな防腐性の特性はまたスキンケアプロダクトおよび目薬でそれを普及したようにします。

農業、製陶術、ガラスおよび薬剤のようなさまざまな最終用途工業のホウ酸の増加する要求は、主に市場の成長に燃料を供給しています。これに加えて、特に開発途上地域の農業部門の増強成長は、ホウ酸基づかせていた肥料および殺虫剤のための必要性を穀物の収穫を高めるために燃料を供給しています。さらに、構造の為にガラス繊維および絶縁材の生産のホウ酸のための上昇の要求は市場の拡張に貢献しています。これと同時に、スキンケア製品や目薬のホウ酸の利点についての意識の高まりは、それによって市場の成長を強化し、化粧品やヘルスケア産業での雇用を後押ししています。さらに、新興経済諸国における急速な工業化、都市化、インフラ開拓など、その他のさまざまな要因が市場拡大の有利な機会をもたらしています。

ホウ酸市場の動向と促進要因:

様々な産業における多様な用途

ホウ酸の汎用性と多様な産業における幅広い用途は、市場の成長を後押しする主な要因です。さらに、健康な植物の成長を促進し、収穫を増加させるために穀物のための必要な微量栄養素として繁栄している農業セクターを渡る急上昇のプロダクト採用は前方に市場を促進しています。これと同時に、ホウ酸は材料の融点を下げ、ガラスおよび製陶術プロダクトの製造工程を高める製陶術およびガラス企業で変化として機能します。この用途は、電子部品、ディスプレイパネル、絶縁目的のためのガラス繊維の生産において特に重要です。さらに、ホウ酸は防腐剤や収斂剤として医薬品に応用され、ヘルスケア分野での使用に貢献しています。

新興国における農業セクターの成長

拡大する農業部門、特に新興国では、世界のホウ酸市場の重要な成長促進要因として機能しています。世界の人口が成長し続けると同時に、農産物のための要求はそれによりホウ酸基づかせていた肥料および殺虫剤のための必要性を高める上がります。成長する地域は食糧のための上昇の要求に応じるために農業活動の増加をもたらす急速な工業化および都市化を示しています。ホウ素ベースの肥料や農薬などの農業投入物としてのホウ酸の重要性は、土壌肥沃度と植物の健康を改善する役割のために牽引力を得ています。新興国が農業の近代化と投資を続けているため、ホウ酸の需要は着実に伸びると予想されます。

構造および下部組織の開発からの上昇の要求

世界中の建設産業の成長と拡大するインフラ整備は、市場の成長を促す主な要因の一部です。ホウ酸は、建設プロジェクトの不可欠な構成要素であるガラス繊維や断熱材の製造に利用されています。これらの材料は優れた断熱性と遮音性を発揮するため、建築物、自動車、航空宇宙分野で不可欠なものとなっています。その結果、急速な都市化および世界の建設活動のサージによって、これらの適用のホウ酸のための需要は市場の拡大のための肯定的な見通しを作成する大幅な成長を示すと期待されます。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データ情報源
  • 市場推定
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界のホウ酸市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:純度別

  • 99%未満
  • 99%以上

第7章 市場内訳:用途別

  • 難燃剤
  • セラミックス・ガラス繊維
  • 木材保存剤
  • 栄養補助食品
  • 害虫駆除
  • その他

第8章 市場内訳:流通チャネル別

  • 卸売
  • eコマース
  • 小売店
  • スーパーマーケット・ハイパーマーケット
  • 個人商店
  • その他

第9章 市場内訳:エンドユーザー別

  • 医薬品
  • 農業
  • 化学加工
  • 建築・建設
  • 原子力
  • その他

第10章 市場内訳:地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ

第11章 促進要因、抑制要因、機会

  • 市場概要
  • 促進要因
  • 抑制要因
  • 機会

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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)
図表

List of Figures

  • Figure 1: Global: Boric Acid Market: Major Drivers and Challenges
  • Figure 2: Global: Boric Acid Market: Sales Value (in Million US$), 2018-2023
  • Figure 3: Global: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 4: Global: Boric Acid Market: Breakup by Purity (in %), 2023
  • Figure 5: Global: Boric Acid Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Boric Acid Market: Breakup by Distribution Channel (in %), 2023
  • Figure 7: Global: Boric Acid Market: Breakup by End User (in %), 2023
  • Figure 8: Global: Boric Acid Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Boric Acid (<99%) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Boric Acid (<99%) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Boric Acid (>=99%) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Boric Acid (>=99%) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Boric Acid (Flame Retardants) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Boric Acid (Flame Retardants) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Boric Acid (Ceramics & Fiberglas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Boric Acid (Ceramics & Fiberglas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Boric Acid (Wood Preservatives) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Boric Acid (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Boric Acid (Nutritional Supplements) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Boric Acid (Nutritional Supplements) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Boric Acid (Pest Control) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Boric Acid (Pest Control) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Boric Acid (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Boric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Boric Acid (Wholesale) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Boric Acid (Wholesale) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Boric Acid (E-Commerce) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Boric Acid (E-Commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Boric Acid (Retail Stores) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Boric Acid (Retail Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Boric Acid (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Boric Acid (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Boric Acid (Independent Stores) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Boric Acid (Independent Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Boric Acid (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Boric Acid (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Global: Boric Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Global: Boric Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Global: Boric Acid (Agricultural) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Global: Boric Acid (Agricultural) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Global: Boric Acid (Chemical Processing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Global: Boric Acid (Chemical Processing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Global: Boric Acid (Building & Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Global: Boric Acid (Building & Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: Global: Boric Acid (Nuclear) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: Global: Boric Acid (Nuclear) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Global: Boric Acid (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Global: Boric Acid (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: North America: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: North America: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: United States: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: United States: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Canada: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Canada: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Asia-Pacific: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Asia-Pacific: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: China: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: China: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: Japan: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: Japan: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: India: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: India: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: South Korea: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: South Korea: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Australia: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Australia: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Indonesia: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Indonesia: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Others: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Europe: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Europe: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Germany: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Germany: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: France: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: France: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: United Kingdom: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: United Kingdom: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Italy: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 80: Italy: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 81: Spain: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 82: Spain: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 83: Russia: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 84: Russia: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 85: Others: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 86: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 87: Latin America: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 88: Latin America: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 89: Brazil: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 90: Brazil: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 91: Mexico: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 92: Mexico: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 93: Others: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 94: Others: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 95: Middle East and Africa: Boric Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 96: Middle East and Africa: Boric Acid Market: Breakup by Country (in %), 2023
  • Figure 97: Middle East and Africa: Boric Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • 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, 2023 & 2032
  • Table 2: Global: Boric Acid Market Forecast: Breakup by Purity (in Million US$), 2024-2032
  • Table 3: Global: Boric Acid Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Boric Acid Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
  • Table 5: Global: Boric Acid Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 6: Global: Boric Acid Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Boric Acid Market: Competitive Structure
  • Table 8: Global: Boric Acid Market: Key Players
目次
Product Code: SR112024A6705

The global boric acid market size reached US$ 893.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,379.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The expanding product applications across various industries, growing demand in agriculture and construction sectors, increasing use in high-tech applications, and the bolstering pharmaceutical and healthcare sectors are some of the major factors propelling the market.

Boric acid is a chemical compound composed of boron, oxygen, and hydrogen, with the chemical formula H3BO3. It exists as a white, odorless, crystalline powder. This versatile substance finds applications in various industries, including pharmaceuticals, agriculture, and cosmetics, as an antiseptic, astringent, pesticide, and fertilizer. Besides this, boric acid is utilized in manufacturing glass, ceramics, and enamel due to its ability to act as a flux. Its mild antiseptic properties also make it popular in skin care products and eye drops.

The increasing demand for boric acid in various end-use industries such as agriculture, ceramics, glass, and pharmaceuticals, is primarily fueling its market growth. In addition to this, the bolstering growth of the agricultural sector, especially in developing regions, is fueling the need for boric acid-based fertilizers and pesticides to enhance crop yield. Furthermore, the rising demand for boric acid in the production of fiberglass and insulation materials for construction purposes is contributing to market expansion. Concurrent with this, the growing awareness about the benefits of boric acid in skin care products and eye drops is boosting its employment in the cosmetics and healthcare industries, thereby strengthening the market growth. Moreover, various other factors, such as rapid industrialization, urbanization, and infrastructure development in emerging economies, are presenting lucrative opportunities for market expansion.

Boric Acid Market Trends/Drivers:

Diverse applications in various industries

Boric acid's versatility and wide range of applications across diverse industries are major factors fueling its market growth. Moreover, the surging product adoption across the thriving agriculture sector as an essential micronutrient for crops to promote healthy plant growth and increase yield is propelling the market forward. Concurrent with this, boric acid acts as a flux in the ceramics and glass industries, reducing the melting point of materials and enhancing the manufacturing process of glass and ceramics products. This application is particularly crucial in the production of electronic components, display panels, and glass fibers for insulation purposes. Furthermore, boric acid finds application in pharmaceuticals as an antiseptic and astringent, contributing to its usage in the healthcare sector.

Growing agricultural sector in emerging economies

The expanding agricultural sector, especially in emerging economies, is acting as a significant growth-inducing driver for the global boric acid market. As the global population continues to grow, the demand for agricultural products rises, thereby increasing the need for boric acid-based fertilizers and pesticides. Developing regions are witnessing rapid industrialization and urbanization, leading to an increase in agricultural activities to meet the rising demand for food. Boric acid's importance as an agricultural input, such as boron-based fertilizers and pesticides, has gained traction due to its role in improving soil fertility and plant health. As emerging economies continue to modernize and invest in agriculture, the demand for boric acid is expected to grow steadily.

Rising demand from construction and infrastructure development

The construction industry's growth and the expanding infrastructure development across the globe are some of the key factors impelling the market growth. Boric acid is utilized in the manufacturing of fiberglass and insulation materials, which are integral components in construction projects. These materials provide excellent thermal and acoustic insulation properties, making them essential in buildings, automotive, and aerospace sectors. As a result, with rapid urbanization and a surge in global construction activities, the demand for boric acid in these applications is expected to witness substantial growth, creating a positive outlook for market expansion.

Boric Acid Industry Segmentation:

IMARC Group 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 levels from 2024-2032. Our report has categorized the market based on purity, application, distribution channel, and end user.

Breakup by Purity:

<99%

>=99%

>=99% dominates the market

The report has provided a detailed breakup and analysis of the market based on purity. This includes <99% and >=99%. According to the report, >=99% represented the largest segment.

The demand for boric acid with a purity of >=99% is propelled by its essential role in high-tech industries and advanced applications. Industries such as electronics and semiconductor manufacturing require boric acid with exceptional purity levels to ensure the production of precise and reliable components. Boron doping in semiconductors is essential for optimizing electrical conductivity and enhancing device performance. Moreover, the aerospace and defense sectors use high-purity boric acid in the development of advanced materials and composites for lightweight and durable applications. As these industries continue to advance and demand cutting-edge technologies, the need for boric acid with purity >=99% is set to increase significantly.

Breakup by Application:

Flame Retardants

Ceramics & Fiberglass

Wood Preservatives

Nutritional Supplements

Pest Control

Others

Ceramics & fiberglass hold the largest share in the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes flame retardants, ceramics and fiberglass, wood preservatives, nutritional supplements, pest control, and others. According to the report, ceramics and fiberglass represented the largest segment.

The demand for boric acid in ceramics and fiberglass industries is primarily driven by its unique properties that enhance product performance and manufacturing efficiency. In the ceramics sector, boric acid acts as a fluxing agent, reducing the melting point of materials and improving their workability during shaping and forming processes. This results in higher-quality ceramic products with enhanced strength and durability. For the fiberglass industry, boric acid is used as a crucial component in the production of glass fibers, providing excellent thermal and acoustic insulation properties. As a result, with the flourishing expansions of the construction and automotive sectors and the subsequent surge in demand for fiberglass-based materials, there is an increasing demand for boric acid.

Breakup by Distribution Channel:

Wholesale

E-Commerce

Retail Stores

Supermarkets and Hypermarkets

Independent Stores

Others

Wholesale dominates the market

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes wholesale, e-commerce, retail stores, supermarkets and hypermarkets, independent stores, and others. According to the report, wholesale represented the largest segment.

The widespread applications of boric acid across various industries and the economies of scale offered by bulk purchases are impelling the product sales through wholesale channels. Besides this, wholesale channels serve as a convenient and cost-effective means for industries to procure boric acid in large quantities, ensuring a steady supply for their manufacturing processes. Moreover, the wholesale distribution network allows buyers to access competitive prices and discounts for bulk orders, making it financially advantageous. Furthermore, wholesale suppliers often cater to a wide range of industries, including agriculture, pharmaceuticals, and construction, further contributing to the consistent demand for boric acid through this distribution channel. As the global market for boric acid continues to grow, wholesale channels will remain pivotal in meeting the increasing demand efficiently.

Breakup by End User:

Pharmaceuticals

Agricultural

Chemical Processing

Building & Construction

Nuclear

Others

Pharmaceuticals hold the largest share in the market

The report has provided a detailed breakup and analysis of the market based on the end user. This includes pharmaceuticals, agricultural, chemical processing, building and construction, nuclear, and others. According to the report, pharmaceuticals represented the largest segment.

The demand for boric acid across the pharmaceutical sector, driven by its valuable properties and diverse applications in medicinal products, is presenting remunerative opportunities for market expansion. Boric acid's antiseptic and astringent characteristics make it a vital ingredient in various pharmaceutical formulations, such as eye drops and topical creams for treating eye infections and skin conditions. Additionally, boric acid is used as a buffering agent in oral medications to maintain their pH levels and stabilize their effectiveness. Moreover, its role as an excipient in tablets and capsules aids in improving drug dissolution and bioavailability. With the continuous need for effective and safe pharmaceutical solutions, the demand for boric acid in the industry is expected to remain robust, creating a favorable outlook for market growth.

Breakup by Region:

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

Asia Pacific exhibits a clear dominance, accounting for the largest boric acid market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Rising industrialization and urbanization in the Asia Pacific region, particularly in countries including China, India, and Southeast Asian nations, are driving the construction and automotive industries, thereby increasing the need for fiberglass and ceramics products where boric acid is a critical component. Moreover, the expanding agricultural sector in the region necessitates the use of boric acid-based fertilizers and pesticides to enhance crop yields, which, in turn, is strengthening the market growth. In addition to this, the growing pharmaceutical and healthcare industries in the Asia Pacific region are contributing to the demand for boric acid's applications in antiseptic and medicinal formulations, which is propelling the market forward.

Competitive Landscape:

The global boric acid market exhibits a competitive landscape with several key players vying for market share. Major manufacturers and suppliers dominate the boric acid market with a wide geographic presence and strong distribution networks. They focus on product innovation, R&D, and strategic partnerships to maintain their competitive edge. Additionally, these players adopt mergers, acquisitions, and collaborations to expand their market outreach and access new regions. The market also witnesses the participation of smaller regional players, who cater to local demands and niche applications. The competitive environment is characterized by price competitiveness, quality assurance, and adherence to international regulations. As the demand for boric acid continues to grow in various industries, competition among key players is expected to intensify, leading to further innovations and market expansion.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market 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)

Recent Developments:

In March 2023, Borax unveiled Optibor(R) BQ, a fresh battery-grade boric acid offering tailored to fulfill the distinct purity and particle size requirements of the industry.

Key Questions Answered in This Report

  • 1. How big is the global boric acid market?
  • 2. What is the expected growth rate of the global boric acid market during 2024-2032?
  • 3. What are the key factors driving the global boric acid market?
  • 4. What has been the impact of COVID-19 on the global boric acid market?
  • 5. What is the breakup of the global boric acid market based on the purity?
  • 6. What is the breakup of the global boric acid market based on the application?
  • 7. What is the breakup of the global boric acid market based on the distribution channel?
  • 8. What is the breakup of the global boric acid market based on the end user?
  • 9. What are the key regions in the global boric acid market?
  • 10. Who are the key players/companies in the global boric acid market?

Table of Contents

1 Preface

2 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