{"product_id":"boric-acid-market-by-purity-99-99-application-flame-retardants-ceramics-fiberglass-wood-preservatives-nutritional-supplements-pest-control-and-others-distribution-channel-wholesale-e-commerce-retail-stores-supermarkets-and-hypermarket","title":"Boric Acid Market by Purity (\u003c99%, 99%), Application (Flame Retardants, Ceramics \u0026 Fiberglass, Wood Preservatives, Nutritional Supplements, Pest Control, and Others), Distribution Channel (Wholesale, E-Commerce, Retail Stores, Supermarkets and Hypermarket","description":"\u003cp\u003eBoric Acid Market by Purity (\u0026lt;99%, 99%), Application (Flame Retardants, Ceramics \u0026amp; Fiberglass, Wood Preservatives, Nutritional Supplements, Pest Control, and Others), Distribution Channel (Wholesale, E-Commerce, Retail Stores, Supermarkets and Hypermarkets, Independent Stores, and Others), End User (Pharmaceuticals, Agricultural, Chemical Processing, Building \u0026amp; Construction, Nuclear, and Others), and Region 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global boric acid market size reached US$ 845 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,178 Million by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028. The increasing product utilization in the pharmaceutical industry, the widespread product adoption for manufacturing fiberglass, and extensive research and development (R\u0026amp;D) activities represent some of the key factors driving the market.\u003c\/p\u003e\n\n\u003cp\u003eBoric 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.\u003c\/p\u003e\n\n\u003cp\u003eBoric Acid Market Trends:\u003c\/p\u003e\n\n\u003cp\u003eThe 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\u0026amp;D) activities, are anticipated to drive the market growth.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC 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 level from 2023-2028. Our report has categorized the market based on purity, application, distribution channel, and end user.\u003c\/p\u003e\n\n\u003cp\u003ePurity Insights:\u003c\/p\u003e\n\n\u003cp\u003e\u0026lt;99%\u003cbr\u003e\n?99%\u003c\/p\u003e\n\n\u003cp\u003eThe report has provided a detailed breakup and analysis of the boric acid market based on purity. This includes \u0026lt;99% and ?99%. According to the report, ?99% represented the largest segment.\u003c\/p\u003e\n\n\u003cp\u003eApplication Insights:\u003c\/p\u003e\n\n\u003cp\u003eFlame Retardants\u003cbr\u003e\nCeramics \u0026amp; Fiberglass\u003cbr\u003e\nWood Preservatives\u003cbr\u003e\nNutritional Supplements\u003cbr\u003e\nPest Control\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eThe report has provided a detailed breakup and analysis of the boric acid 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.\u003c\/p\u003e\n\n\u003cp\u003eDistribution Channel Insights:\u003c\/p\u003e\n\n\u003cp\u003eWholesale\u003cbr\u003e\nE-Commerce\u003cbr\u003e\nRetail Stores\u003cbr\u003e\nSupermarkets and Hypermarkets\u003cbr\u003e\nIndependent Stores\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eThe report has provided a detailed breakup and analysis of the boric acid 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.\u003c\/p\u003e\n\n\u003cp\u003eEnd User Insights:\u003c\/p\u003e\n\n\u003cp\u003ePharmaceuticals\u003cbr\u003e\nAgricultural\u003cbr\u003e\nChemical Processing\u003cbr\u003e\nBuilding \u0026amp; Construction\u003cbr\u003e\nNuclear\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eThe report has provided a detailed breakup and analysis of the boric acid 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.\u003c\/p\u003e\n\n\u003cp\u003eRegional Insights:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eThe report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for boric acid. Some of the factors driving the Asia Pacific boric acid market included significant growth in the construction industry, rising applications of fiberglass, and extensive research and development (R\u0026amp;D) activities.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe 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 \u0026amp; 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.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global boric acid market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat are the drivers, restraints, and opportunities in the global boric acid market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhich countries represent the most attractive boric acid markets?\u003cbr\u003e\nWhat is the breakup of the market based on purity?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat is the breakup of the market based on distribution channel?\u003cbr\u003e\nWhat is the breakup of the market based on the end user?\u003cbr\u003e\nWhat is the competitive structure of the global boric acid market?\u003cbr\u003e\nWho are the key players\/companies in the global boric acid market?\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"February, 2023 \/ 145 Pages \/ MCW16271390","offer_id":47707491664178,"sku":null,"price":3127.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/boric-acid-market-by-purity-99-99-application-flame-retardants-ceramics-fiberglass-wood-preservatives-nutritional-supplements-pest-control-and-others-distribution-channel-wholesale-e-commerce-retail-stores-supermarkets-and-hypermarket","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}