Global Market Insights, Inc.

Potassium Tetrafluoroborate Market Size, Growth, Application : Key Players Are Alfa Aesar, Honeywell Fine Chemicals, American Elements, Solvay

Rapid industrial development across the construction and automotive sectors is anticipated to propel global potassium tetrafluoroborate market size.

 

Sellbyville, DE -- (SBWIRE) -- 05/15/2020 -- Potassium tetrafluoroborate market demand is likely to witness a considerable surge owing to the growing requirement for chemicals used for surface treatments in order to generate better wear resistance, hardness and to enhance adhesion properties. The product is widely used in the production of light metals including titanium and aluminum that need surface treatments like electroplating in order to induce anodic oxidation and create metallic coating on the surfaces.

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In terms of purity, the 98% purity segment of the global potassium tetrafluoroborate market is set to witness significant growth in the ensuing years, with an anticipated consumption of over 55 kilo tons by 2025. The escalating demand for abrasives from the automotive industry is also expected to foster industry development, given the component's key role in noise level reduction and mitigation of CO2 emissions in high-performance engines. Potassium tetrafluoroborate is also an important active caulking component in resin-fused abrasives production, which may further fuel product demand in the industry.

Rapid industrial development across the construction and automotive sectors is anticipated to propel global potassium tetrafluoroborate market size. This growth can be attributed to the rising consumption of metals like aluminum, iron and steel, among others in the industries. These metals and alloys call for specific processes after their extraction from the cores, for which potassium tetrafluoroborate is the ideal basic material.

Potassium tetrafluoroborate is a commonly used additive in the alloying industry and also demonstrates potential as a welding agent, which is likely to add further impetus to the regional market outlook. The soldering agent application segment of the 98% purity potassium tetrafluoroborate market in Germany recorded remuneration of over $1 million in 2018.

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In China, the 99% purity potassium tetrafluoroborate market segment from metal processing applications is expected to witness gains of over 4.5% through 2025, given the region's extensive investment activities in various chemical industries. The product has considerable application potential in electrochemical processes as a chemical reagent in numerous metal-processing activities, asserting a positive influence on the regional potassium tetrafluoroborate market dynamics.

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