Global Boron Trifluoride and Complexes Market Prospects and Growth Assessment Presented Until the End of 2027

A new Report titled “Global Boron Trifluoride and Complexes Market Prospects and Growth Assessment Presented Until the End of 2027” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Boron Trifluoride market at a global level portraying a holistic analysis of the marketplace along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Boron Trifluoride market across the globe.

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The global boron trifluoride and complexes market is relatively consolidated with players such as Honey well International Inc., Navin Fluorine International (India) and Stella-Chemifa Corporation (Japan) leading the market. These are dominant manufacturers of gas in their respective regions. Manufacturers are focusing on applying eco-friendly methods for the production of boron trifluoride, thus reducing any adverse impact on the environment. Asia Pacific is anticipated to hold a dominant share in the global boron trifluoride and complexes market throughout the forecast period, both in terms of production and consumption. Among the product types, BF3 gas is anticipated to hold a dominant share throughout the forecast period. However, complexes are projected to expand with significant CAGR owing to the relative ease of handling associated with their use.
Tremendous growth has been witnessed in hydrocarbons synthesis and other chemicals that employ BF3 as a major catalyst during reaction. Growth in the oil & gas and petrochemical industries is one of the significant reasons behind the development of hydrocarbons synthesis. This factor is contributing to the growth of the global market for boron trifluoride and complexes. The Europe regional market is expected to grab almost 20% share in the global production of plastic. This region has a large number of polymer production companies that use BF3 for isomerization, polymerization and other organic synthesis. An increasing demand for BF3 and its complexes is expected to lead to tremendous growth in the global boron trifluoride and complexes market.
Boron trifluoride is used as an intermediate and catalyst for the manufacture of many pharmaceutical drugs (especially antibiotics) or to accelerate or decelerate the reaction rate.
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There have been significant investments in the setting up of new production plants for pharmaceutical manufacturing in India. The cost of setting up of production plants in India is 40% lower as compared to Western countries. This particular factor is boosting the growth of the global boron trifluoride and complexes market in the Asia Pacific region.
“Polymer and petrochemicals, agrochemicals and pharmaceuticals by far were considered as the largest application area for boron trifluoride. However, over the last few years, boron trifluoride has also been used in other applications such as flavors and fragrances, nuclear power energy and also as an important catalyst in the manufacturing of semiconductors and solar cells. The use of boron trifluoride and its complexes for such applications and industries is anticipated to boost global market demand over the forecast period.”
Boron fluoride finds application as a catalyst in a diverse range of chemical reactions such as isomerization, alkylation, polymerization, esterification, condensation, cyclization, hydration dehydration, suffocation, desulphurization, nitration, halogenation oxidation and acylation. In terms of revenue, the catalyst segment is projected to witness significant growth over the forecast period while expanding at a CAGR of 5.5% during 2018 – 2027. Growth of the polymers and petrochemicals industry is anticipated to lead to an increase in the consumption of boron trifluoride for applications as a catalyst.
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