Press release
Boric Acid Market Industry Analysis 2026 By Key Players 3M, Avantor Performance Materials, BASF SE, U.S. Borax, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita (MSR), Quiborax, Russian Bor
boric acid
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Major driver for growth of the global boric acid market is increasing application of boron in fiberglass and specialty glass (carbon fiber). Boric acid offers specific benefits to glass such as chemical and heat resistance, can reduce melting point, viscosity and increase breakage index, and offers transparency and brightness to glass.
Market Outlook
Asia Pacific is expected to witness significant growth in the market, with China and India poised as the growth engine. This is owing to increasing medicinal use of boric acid as antiseptic. For instance, according to International Trade Association, China is the second largest pharmaceutical market worldwide and the pharmaceutical market of China was valued at US$ 108 billion in 2015, and is expected to reach US$ 167 billion by 2020, witnessing a CAGR of 9.1%. Moreover, China's total public and private healthcare expenditure was valued at US$ 640 billion in 2015, and expected to reach US$ 1.1 trillion by 2020
Key Players
Key players operating in the global boric acid market include, 3M, Avantor Performance Materials, BASF SE, U.S. Borax, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita (MSR), Quiborax, Russian Bor, and Tomiyama Pure Chemicals Industries, Babcock International Group, and others.
Market Taxonomy
On the basis of application, the global boric acid market is segmented into:
Medical
Flame Retardants
Glass and Fiberglass
Wood Preservatives
Pest Control (Household)
Others (Nutritional Supplements etc.)
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