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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 |
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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 |
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
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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。
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。
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.
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.
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.
<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.
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.
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.
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.
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.
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.
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)
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.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report