Boric Acid Market: By End Use (Tiles, Ceramics, Fiberglass, Flame Retardants, Agriculture, Wood Preservation, Pharmaceuticals, Cosmetics), By Application (Industrial, Household), and Region (Asia-Pacific, North America, Europe) - Forecast till 2030
ID: MRFR/CnM/5825-HCR | February 2021 | Region: Global | 140 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Water Treatment Chemicals Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Water Treatment Chemicals Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
Global Water Treatment Chemicals Market, by End-Use
6.1 Introduction
6.2 Ceramics
6.2.1 Market Estimates & Forecast, 2020-2027
6.2.2 Market Estimates & Forecast, by Region, 2020-2027
6.3 Fiber Glass
6.3.1 Market Estimates & Forecast, 2020-2027
6.3.2 Market Estimates & Forecast, by Region, 2020-2027
6.4 Flame Retardants
6.4.1 Market Estimates & Forecast, 2020-2027
6.4.2 Market Estimates & Forecast, by Region, 2020-2027
6.5 Agriculture
6.5.1 Market Estimates & Forecast, 2020-2027
6.5.2 Market Estimates & Forecast, by Region, 2020-2027
6.6 Wood Preservation
6.6.1 Market Estimates & Forecast, 2020-2027
6.6.2 Market Estimates & Forecast, by Region, 2020-2027
6.7 Pharmaceutical
6.7.1 Market Estimates & Forecast, 2020-2027
6.7.2 Market Estimates & Forecast, by Region, 2020-2027
6.8 Cosmetics
6.8.1 Market Estimates & Forecast, 2020-2027
6.8.2 Market Estimates & Forecast, by Region, 2020-2027
6.9 Others
6.9.1 Market Estimates & Forecast, 2020-2027
6.9.2 Market Estimates & Forecast, by Region, 2020-2027
Global Water Treatment Chemicals Market, by Application
7.1 Introduction
7.2 Industrial
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast, by Region, 2020-2027
7.3 Household
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast, by Region, 2020-2027
Global Water Treatment Chemicals Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.2.3 Market Estimates & Forecast, by Application, 2020-2027
8.2.4 US
8.2.4.1 Market Estimates & Forecast, 2020-2027
8.2.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.2.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2020-2027
8.2.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.4 Germany
8.3.4.1 Market Estimates & Forecast, 2020-2027
8.3.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.5 France
8.3.5.1 Market Estimates & Forecast, 2020-2027
8.3.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.6 Italy
8.3.6.1 Market Estimates & Forecast, 2020-2027
8.3.6.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.7 Spain
8.3.7.1 Market Estimates & Forecast, 2020-2027
8.3.7.2 Market Estimates & Forecast, by End-Use,2020-2027
8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.8 UK
8.3.8.1 Market Estimates & Forecast, 2020-2027
8.3.8.2 Market Estimates & Forecast, by End-Use,2020-2027
8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020-2027
8.3.9.2 Market Estimates & Forecast, by End-Use,2020-2027
8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.10 Poland
8.3.10.1 Market Estimates & Forecast, 2020-2027
8.3.10.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027
8.3.11 Rest of Europe
8.3.11.1 Market Estimates & Forecast, 2020-2027
8.3.11.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.4.4 China
8.4.4.1 Market Estimates & Forecast, 2020-2027
8.4.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.4.5 India
8.4.5.1 Market Estimates & Forecast, 2020-2027
8.4.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020-2027
8.4.6.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027
8.4.7 Australia & New Zealand
8.4.7.1 Market Estimates & Forecast, 2020-2027
8.4.7.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2020-2027
8.4.8.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.5.4 GCC
8.5.4.1 Market Estimates & Forecast, 2020-2027
8.5.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.5.5 Israel
8.5.5.1 Market Estimates & Forecast, 2020-2027
8.5.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.5.6 North Africa
8.5.6.1 Market Estimates & Forecast, 2020-2027
8.5.6.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027
8.5.7 Turkey
8.5.7.1 Market Estimates & Forecast, 2020-2027
8.5.7.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027
8.5.8 Rest of Middle East & Africa
8.5.8.1 Market Estimates & Forecast, 2020-2027
8.5.8.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020-2027
8.6.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.6.3 Market Estimates & Forecast, by Application, 2020-2027
8.6.4 Brazil
8.6.4.1 Market Estimates & Forecast, 2020-2027
8.6.4.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027
8.6.5 Argentina
8.6.5.1 Market Estimates & Forecast, 2020-2027
8.6.5.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020-2027
8.6.6.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027
8.6.7 Rest of Latin America
8.6.7.1 Market Estimates & Forecast, 2020-2027
8.6.7.2 Market Estimates & Forecast, by End-Use, 2020-2027
8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027
Company Landscape
9.1 Introduction
9.2 Market Strategy
9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
Company Profiles
10.1 3M
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Product/Business Segment Overview
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 Avantor, Inc
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Product/Business Segment Overview
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 BASF
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Product/Business Segment Overview
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Eti Maden
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Product/Business Segment Overview
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Borax
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product/Business Segment Overview
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 Gujarat Boron Derivatives
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Product/Business Segment Overview
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 Minera Santa Rita
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Product/Business Segment Overview
10.7.4 Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Russian Bor Concern OJSC
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product/Business Segment Overview
10.8.4 Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 Borax Morarji Ltd
10.9.1 Company Overview
10.9.2 Financial Updates
10.9.3 Product/Business Segment Overview
10.9.4 Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 Tomiyama Pure Chemical Industries, Ltd
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Product/Business Segment Overview
10.10.4 Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
Conclusion
LIST OF TABLES
Table 1 Global Water Treatment Chemicals Market: by Region, 2020-2027
Table 2 North America: Water Treatment Chemicals Market, by Country, 2020-2027
Table 3 Europe: Water Treatment Chemicals Market, by Country, 2020-2027
Table 4 Asia-Pacific: Water Treatment Chemicals Market. by Country, 2020-2027
Table 5 Middle East & Africa: Water Treatment Chemicals Market, by Country, 2020-2027
Table 6 Latin America: Water Treatment Chemicals Market, by Country, 2020-2027
Table 7 Global Water Treatment Chemicals End-Use Market, by Regions, 2020-2027
Table 8 North America: Water Treatment Chemicals End-Use Market, by Country, 2020-2027
Table 9 Europe: Water Treatment Chemicals End-Use Market, by Country, 2020-2027
Table10 Asia-Pacific: Water Treatment Chemicals End-Use Market, by Country, 2020-2027
Table11 Middle East & Africa: Water Treatment Chemicals End-Use Market, by Country, 2020-2027
Table12 Latin America: Water Treatment Chemicals End-Use Market, by Country, 2020-2027
Table 13 Global Water Treatment Chemicals Application Market, by Regions, 2020-2027
Table14 North America: Water Treatment Chemicals Application Market, by Country, 2020-2027
Table15 Europe: Water Treatment Chemicals Application Market, by Country, 2020-2027
Table16 Asia-Pacific: Water Treatment Chemicals Application Market, by Country, 2020-2027
Table17 Middle East & Africa: Water Treatment Chemicals Application Market, by Country, 2020-2027
Table18 Latin America: Water Treatment Chemicals by Application Market, by Country, 2016-2023
Table19 Global End-Use Market, by Region, 2020-2027
Table20 Global Application Market, by Region, 2020-2027
Table21 North America: Water Treatment Chemicals Market, by Country, 2020-2027
Table22 North America: Water Treatment Chemicals Market, by End-Use, 2020-2027
Table23 North America: Water Treatment Chemicals Market, by Application, 2020-2027
Table24 Europe: Water Treatment Chemicals Market, by Country, 2020-2027
Table25 Europe: Water Treatment Chemicals Market, by End-Use, 2020-2027
Table26 Europe: Water Treatment Chemicals Market, by Application, 2020-2027
Table27 Asia-Pacific: Water Treatment Chemicals Market, by Country, 2020-2027
Table28 Asia-Pacific: Water Treatment Chemicals Market, by End-Use, 2020-2027
Table29 Asia-Pacific: Water Treatment Chemicals Market, by Application, 2020-2027
Table30 Middle East & Africa: Water Treatment Chemicals Market, by Country, 2020-2027
Table31 Middle East & Africa: Water Treatment Chemicals Market, by End-Use, 2020-2027
Table32 Middle East & Africa: Water Treatment Chemicals Market, by Application, 2020-2027
Table33 Latin America: Water Treatment Chemicals Market, by Country, 2020-2027
Table34 Latin America: Water Treatment Chemicals Market, by End-Use, 2020-2027
Table35 Latin America: Water Treatment Chemicals Market, by Application, 2020-2027
LIST OF FIGURES
FIGURE 1 Global Water Treatment Chemicals Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Water Treatment Chemicals Market
FIGURE 4 Value Chain of Global Water Treatment Chemicals Market
FIGURE 5 Share of Global Water Treatment Chemicals Market in 2020, by Country
FIGURE 6 Global Water Treatment Chemicals Market, 2020-2027,
FIGURE 7 Global Water Treatment Chemicals Market Size, by End-Use, 2020
FIGURE 8 Share of Global Water Treatment Chemicals Market, by End-Use, 2020-2027
FIGURE 9 Global Water Treatment Chemicals Market Size, by Application, 2020
FIGURE10 Share of Global Water Treatment Chemicals Market, by Application, 2020-2027
Boric Acid Market
Boric Acid Market is projected to be worth USD 1,169.89 Million by 2030, registering a CAGR of 5.8% during the forecast period (2022- 2030).
$1,169.89 million
Market Size
5.8%
CAGR
Asia-Pacific
Dominating Region
2022 - 2030
Forecast Period
Segmentation
Key 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)
- and Borax Morarji Ltd (India)
- and Tomiyama Pure Chemical Industries
- Ltd (Japan)
Drivers
- Construction industry is growing at a higher pace in this region
- which is driving the market
Boric Acid Market Synopsis:
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.
The demand for borosilicate glass in cookware items, its use as lubricant on metal surfaces, and the increasing construction industry across the globe, are the growth opportunities of the global boric acid market.
However, as per the European regulations, manufacturers of the personal care items are prohibited from using boric acid, due to its categorisation under the carcinogenic compounds. Additionally, boric acid is toxic if inhaled or consumed by any means. These factors are expected to restrain the market growth in the coming years.
Boric acid market Regional Analysis:
Boric acid market has been spanned across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific boric acid market accounted for the largest and the fastest growing market in 2017. The region is witnessing rapid urbanisation and increasing population, especially in the emerging countries such as India and China. This has given rise to the increasing constructional activities, which demands the use of boric acid for making textile fibre glass. In addition, the growing agriculture industry is another driver of the boric acid market in this region. It is expected to continue its dominance in the review period.
North American market held the second largest share in the global boric acid market in 2017. The growing use of fibre glass in automotives, constructional activities, and pharmaceuticals has been driving the market in this region. In addition, the growing cosmetics industry has been another major driver for the growth of boric acid market in this region. North America boric acid market is projected to grow at a remarkable CAGR in during the forecast period.
European boric acid market is expected to grow with a healthy CAGR during the review period. Boric acid is abundantly used in making fibre glasses and laboratory equipments. In addition, boric acid is largely used in making insecticide and fungicide. The rising construction and agriculture industry are fuelling the growth of boric acid market in this region.
Latin American market is expected to show moderate growth during the review period. The increasing use of boric acid in cosmetics and agriculture industries are boosting the growth of boric acid market in this region.
The Middle East & Africa market is expected to show steady growth during the review period. Construction industry is growing at a higher pace in this region, which is driving the market for boric acid.
Key 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), and Borax Morarji Ltd (India), and Tomiyama Pure Chemical Industries, Ltd (Japan), are the some of the prominent players operating at the forefront of the global boric acid market.
Global Boric Acid Market, By Application, 2017 (%)
Source: MRFR Analysis
Market Segmentation:
Global boric acid market has been segmented on the basis of end-use, application, and region.
On the basis end-use, global boric acid market has been divided into tiles, ceramics, fiberglass, flame retardants, agriculture, wood preservation, pharmaceutical, cosmetics, and others.
Based on application, global boric acid market has been segmented into industrial and household.
Recent Development
December 2021 - The US Food and Drug Administration has given the approval for Vuity (pilocarpine HCl ophthalmic solution) 1.25%, the once-daily eye drops that help treat presbyopia. VUITY is the first-ever and the only USFDA-approved eye drop that can be used for treating presbyopia, a condition that affects around 128 million Americans, close to half of the total US adult populace. Boric acid is a key ingredient of the eye drop. Boric acid is used in a variety of ophthalmic preparations as buffering agents to balance the pH level and maintain the isotonicity.
September 2021 - Sibanye-Stillwater Ltd. will be investing close to a half-billion dollars into the Rhyolite Ridge project by Ioneer Ltd.’s in Esmeralda County, for a fifty percent stake. Other than lithium, Calaway’s project will also be producing around 175,000 tons of boric acid every year. Over 500 products with boric acid as a primary ingredient are sold in the United States, such as fertilizers, pesticides, laundry detergents, and household cleaners.
Intended Audience:
- Manufacturers & suppliers of Boric Acid
- Traders & Distributors
- Nationalized Laboratories
- Research & Development Organizations
- Potential Investors
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: Significant Value |
| CAGR | Substantial Value |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Basis of end-use, application, and region. |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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), and Borax Morarji Ltd (India), and Tomiyama Pure Chemical Industries, Ltd (Japan), |
| Key Market Opportunities | Increasing use of boric acid in cosmetics and agriculture industries are boosting the growth. |
| Key Market Drivers | Construction industry is growing at a higher pace in this region, which is driving the market. |
Frequently Asked Questions (FAQ) :
Boric acid is a naturally occurring compound that is used in both industrial & household applications, such as in the manufacturing of textile fibre glasses and lubricants, to treat boron deficiencies in plants, in soldering operations, as insecticides, antiseptic, antibacterial compound, and flame retardant.
Tiles, Fiberglass, Ceramics, Flame Retardants, Wood Preservation, Agriculture, Pharmaceuticals, and Cosmetics are some of the major end-use industries of boric acid.
Based on end-use, the fiberglass segment and by application, the industrial segment account for the leading share in the global boric acid market.
Asia Pacific holds the largest share in the global boric acid market, followed by North America and Europe, respectively.
Avantor, Inc. (US), 3M (US), BASF SE (Germany), Eti Maden (US), Borax (US), Gujarat Boron Derivatives (India), Russian Bor Concern OJSC (Russia), Minera Santa Rita (Argentina), Tomiyama Pure Chemical Industries, Ltd (Japan), and Borax Morarji Ltd (India), are some of the major players operating in the boric acid market.
