Press release
Boron Trifluoride Market size is expected to reach nearly USD 424.94 Mn, as per Maximize Market Research
Boron Trifluoride Market
Boron Trifluoride Market Dynamics
Boron trifluoride, a compressed non-flammable gas is used a catalyst in organic synthesis reactions. This includes production of lubricant additives, synthetic oils, and high-purity boron isotopes. Various processes including the alkylation of aromatic hydrocarbons, polymerization of phenolic and epoxy resins, and various isomerization, esterification, and condensation reactions. This diversified use of BF3 is expected to drive the Boron Trifluoride Market. Recently Linde plc, which is world's largest industrial gas company was created, when Praxair joined hands with Linde AG. With growing demand in pharmaceuticals and electronics industries the market for Boron Trifluoride is on the rise. However high productions cost with complexity of production and storage may become one of the factors to hinder the market growth.
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Boron Trifluoride Market Regional Analysis
North America leads the Boron Trifluoride (BF3) market due to its strong chemical manufacturing industry and advanced technology. It not only meets its own demands but also exports BF3 globally. Driven by their growing semiconductor and electronics industries in the Asia-Pacific, countries like China, South Korea, and Japan are major producers and consumers. Europe's demand for BF3 is rising, particularly to be used in pharmaceuticals and specialty chemicals. North America's exports to Asia-Pacific and Europe highlight the global nature of the BF3 market. While South America and the Middle East have smaller BF3 markets, they are expected to grow steadily due to expanding industrial activities.
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Boron Trifluoride Market Scope
Market Size in 2023 USD 290.18 Mn.
Market Size in 2030 USD 424.94 Mn.
CAGR 5.6% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Boron Trifluoride Market Segmentation
by Type
1. BF3 (Gas)
2. BF3 Tetrahydrofuran Complex
3. BF3 Methanol Complex
4. BF3 Diethyl Etherate Complex
5. BF3 Acetonitrile Complex
6. Others
by Grade
1. Electronic grade
2. Chemical grade
3. Reagent grade
by End Use
1. Semiconductor Manufacturing
2. Chemical Manufacturing
3. Pharmaceutical
4. Polymer and Petrochemicals
5. Agrochemicals
6. Others
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-boron-trifluoride-market/64257/
Boron Trifluoride Market Key Players
1. 3M Company - St. Paul, Minnesota, USA
2. Air Liquide UK Ltd - Guildford, Surrey, United Kingdom
3. Airgas - Radnor, Pennsylvania, USA
4. American Elements - Los Angeles, California, USA
5. Arkema - Colombes, France
6. ATCO Atmospheric and Speciality Gases Private Limited - Ahmedabad, India
7. BASF - Ludwigshafen, Germany
8. Borman - San Francisco, California, USA
9. DuPont - Wilmington, Delaware, USA
10. Entegris, Inc - Billerica, Massachusetts, USA
11. Honeywell - Charlotte, North Carolina, USA
12. Jigs chemical - Mumbai, India
13. Kishida Chemical Co., Ltd. - Tokyo, Japan
14. Linde plc - Guildford, Surrey, United Kingdom
15. Messer Group - Bad Soden, Germany
16. MilliporeSigma - Burlington, Massachusetts, USA
17. Nacalai - Kyoto, Japan
18. Nippon Gases - Tokyo, Japan
19. SIAD - Bergamo, Italy
20. Sisco Research Laboratories Pvt. Ltd. - Mumbai, India
21. UBE Corporation - Tokyo, Japan
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