Los Angeles, CA -- (SBWire) -- 03/15/2019 --"Boric acid" is also called as "hydrogen borate", or "boracic acid". It is a weak, monobasic used as an antiseptic, insecticide, flame retardant. It exists in colorless crystals or a white powder that dissolves in water. The global demand for insulation materials drives the boric acid market with increase in demand for residential and commercial applications. In addition, rise in building and construction owing to increase in macro-economic factors such as increase in per capita income has triggered the growth of the boric acid market. Furthermore, the rise in demand for boric acid in fiberglass insulation has majorly boosted the market growth, and this trend is expected to continue in the coming years.
The growing demand for borate and boron products in the oil and gas sector as a viscosity and Ph modifier is likely to offer the boric acid market with growth opportunities. Furthermore, increase in demand for consumer electronics and glazed ceramics are projected to boost the demand for boric acid. However, the use of boric acid in personal care items is restricted under the European regulations, which have classified it under the category of a carcinogenic compound and this is likely to hinder the market growth. However, the increase in demand as an energy efficient compound coupled with the demand for borosilicate glass in cookware and laboratory applications are likely to create potential growth avenues for the market.
APAC accounted for the maximum market share and will continue to dominate the boric acid market during the forecast period. This increase corresponds to the rising demand for glass and fiberglass from construction and automotive industries in the region. Other aspects that propel market growth include the growing demand for boric acid in household insecticide products and industrial applications and their benefits as an antiseptic and wood preservative.
The global Boric Acid market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. This report focuses on Boric Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Boric Acid market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
Get PDF Version of this Report at https://www.qyresearch.com/sample-form/form/987828/global-boric-acid-market
The following manufacturers are covered:
Ricca Chemical
Etimine USA
Promega Corporation
Quiborax
Minera Santa Rita SRL (MSR)
Southern Agricultural Insecticides
Inkabor
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Medical Grade
Industrial Grade
Others
Segment by Application
Glass
Ceramics
Pharmaceutical
Get Complete Report Within 24 hours at https://www.qyresearch.com/settlement/pre/30b5b2542558ea36fa4ef3cbc6f6f462,0,1,Global%20Boric%20Acid%20Market%20Outlook%20(2014-2025)
About QYResearch
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
Boric Acid Market Share, Size, Revenue, Gross Margin and Growth Rate Analysis 2019-2025
Boric Acid Market report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and investment.