Press release
Boric Acid Market to Reach USD 1.32 Billion by 2030, Growing at a 5.8 Percentage CAGR
Boric Acid Market
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Boric Acid Market has been steadily growing due to its extensive use across a variety of industries, including agriculture, chemicals, and personal care. Boric acid serves as an important ingredient in the production of insecticides, flame retardants, and fiberglass. It is also utilized in antiseptic applications and as a preservative in food products. Increasing demand for eco-friendly and sustainable products is further propelling the market, as boric acid is a non-toxic alternative to other chemical agents. The global market is expected to continue expanding with advances in manufacturing processes and a wider array of applications in diverse sectors.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/66557/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ:
The growth of the Boric Acid Market can be largely attributed to its broad range of applications, particularly in the agriculture and manufacturing sectors. The demand for boric acid in agricultural pesticides and fertilizers is on the rise due to the need for improved crop yields and pest control methods. Additionally, the expanding use of boric acid in cosmetics and pharmaceuticals for its antiseptic and antifungal properties is further driving its market growth. Growing awareness about environmental concerns and the shift toward eco-friendly chemicals are also key factors boosting demand, as boric acid is considered safer compared to many synthetic alternatives.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Several trends are shaping the future of the Boric Acid Market. One prominent trend is the increasing demand for boric acid in the production of glass and ceramics, particularly due to its ability to enhance the durability and heat resistance of these materials. Another significant trend is the rising popularity of boric acid in personal care and hygiene products, with its natural preservative and antimicrobial properties. Moreover, research and development are focused on improving the efficiency of boric acid in agricultural applications, especially in integrated pest management. The market is also witnessing innovations that align with the growing preference for organic and sustainable products, pushing boric acid to the forefront of environmentally friendly industrial chemicals.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/66557/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's expanding agriculture sector and increasing demand for industrial applications present significant growth opportunities. Key companies like Quang Minh Boric Co. Ltd are advancing to meet local and international demand.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is witnessing a surge in industrial applications, particularly in glass and ceramics production. Recent investments by companies like Thai Boric Acid Co. Ltd highlight the potential for growth.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's steady demand for boric acid, driven by advancements in electronics and glass production, offers opportunities for market expansion. Companies like Sumitomo Chemical are leading in this sector.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ
In South Korea, recent mergers, such as the collaboration between Korea Zinc and Yueyang Dongjiang for boric acid supply, demonstrate consolidation in the industry.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's role as a hub for chemical manufacturing is boosting demand for boric acid. The government's push for sustainable industrial practices encourages innovation, with companies like Zochem focusing on green technologies.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐
The United States holds the largest market share, with significant applications in pharmaceuticals, agriculture, and electronics. Companies such as Etimex are expanding operations to cater to the increasing demand.
๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
In Europe, regulations on fire safety and sustainability are pushing demand for boric acid in industrial applications. Leading European companies, such as BASF, are spearheading efforts to provide eco-friendly solutions.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/66557/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ:
by Grade
Industrial
Pharmaceutical
by Application
Industrial
Household
by Distribution Channel
Wholesale
E-Commerce
Retail Shop
Hypermarket/Supermarket
Independent Shop
Convenient Shop
by End-User
Glass
Ceramic
Agriculture
Medical
Cosmetics
Wood Preservation
Flame Retardants
Other
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐จ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
North America
1. Rose Mill Company
2. PhytoTech Lab
3. Ricca Chemicals
4. U.S. Borax
Europe
5. BASF
6. Chemische Fabrik Karl Bucher GmbH
APAC
7. Tomiyama Pure Chemical Industries
8. Suvidhi Industries
9. Bhavani Chemicals
10. Hemadri Chemicals
11. Kanto Denka Kogyo Company
12. Junsei Chemical Co.,Ltd.
13. Dhairya International
14. Iffco Chemical Industries
ME
15. Eti Maden
South America
16. Inkabor
17. Quiborax
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-boric-acid-market/66557/
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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โฆGlobal Media Planning Software Market https://www.maximizemarketresearch.com/market-report/global-media-planning-software-market/90421/
โฆGlobal Managed Transportation Services Market https://www.maximizemarketresearch.com/market-report/global-managed-transportation-services-market/95103/
โฆGlobal Private Long-Term Evolution (LTE) in Mining Industry Market https://www.maximizemarketresearch.com/market-report/global-private-long-term-evolution-lte-in-mining-industry-market/108500/
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