openPR Logo
Press release

Boric Acid Market to Reach USD 1.32 Billion by 2030, Growing at a 5.8 Percentage CAGR

Boric Acid Market

Boric Acid Market

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 890 million in 2023 and the total ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to grow at a CAGR of 5.8% from 2024 to 2030, reaching nearly USD 1320.66 Million by 2030.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

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.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/66557/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/66557/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

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.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

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.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

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.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ

In South Korea, recent mergers, such as the collaboration between Korea Zinc and Yueyang Dongjiang for boric acid supply, demonstrate consolidation in the industry.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

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.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

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.

๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

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.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/66557/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐๐จ๐ซ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-boric-acid-market/66557/

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆLatin America Digital Transformation Market https://www.maximizemarketresearch.com/market-report/latin-america-digital-transformation-market/2984/

โ™ฆGlobal Returnable Glass Bottle Inks Market https://www.maximizemarketresearch.com/market-report/global-returnable-glass-bottle-inks-market/100431/

โ™ฆNorth America Personal Cloud Market https://www.maximizemarketresearch.com/market-report/north-america-personal-cloud-market/8356/

โ™ฆSmart Wiring Devices Market https://www.maximizemarketresearch.com/market-report/smart-wiring-devices-market/186393/

โ™ฆGlobal Media Planning Software Market https://www.maximizemarketresearch.com/market-report/global-media-planning-software-market/90421/

โ™ฆGlobal Managed Transportation Services Market https://www.maximizemarketresearch.com/market-report/global-managed-transportation-services-market/95103/

โ™ฆGlobal 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/

MAXIMIZE MARKET RESEARCH PVT. LTD.

โฎ 3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is a rapidly expanding global market research and business consulting firm, trusted by a majority of Fortune 500 companies. Our commitment to delivering revenue-driven insights and strategic growth solutions sets us apart. With a diverse portfolio, we cater to a wide range of industries, including IT & Telecom, Chemicals, Food & Beverage, Aerospace & Defense, Healthcare, and more. At Maximize Market Research, we empower businesses worldwide to achieve their goals with actionable intelligence and innovative strategies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Boric Acid Market to Reach USD 1.32 Billion by 2030, Growing at a 5.8 Percentage CAGR here

News-ID: 3803648 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Polymethyl Methacrylate Market Outlook: Expected to Reach USD 7.51 Billion by 2030
Polymethyl Methacrylate Market Outlook: Expected to Reach USD 7.51 Billion by 20 โ€ฆ
Polymethyl Methacrylate Market size was valued at USD 5.30 Billion in 2023 and the total Polymethyl Methacrylate revenue is expected to grow at a CAGR of 5.10% from 2024 to 2030, reaching nearly USD 7.51 Billion by 2030. Polymethyl Methacrylate Market Overview: The Polymethyl Methacrylate (PMMA) Market is witnessing steady growth, driven by its widespread applications across industries such as automotive, construction, electronics, and healthcare. PMMA, also known as acrylic or acrylicโ€ฆ
Household Vacuum Cleaners Market Outlook: Expected to Reach USD 26.85 Billion by 2032
Household Vacuum Cleaners Market Outlook: Expected to Reach USD 26.85 Billion by โ€ฆ
Household Vacuum Cleaners Market size was valued at USD 17.90 Bn. in 2024, and the total Household Vacuum Cleaners Market revenue is expected to grow by 5.2% from 2025 to 2032, reaching nearly USD 26.85 Bn. Household Vacuum Cleaners Market Overview: The Household Vacuum Cleaners Market is experiencing significant growth due to rising consumer awareness about home hygiene and cleanliness. Increasing urbanization, hectic lifestyles, and the demand for efficient cleaning solutions areโ€ฆ
Rugs Market Outlook: Projected to Reach USD 57.30 Billion by 2032
Rugs Market Outlook: Projected to Reach USD 57.30 Billion by 2032
Rug Market size was valued at USD 39.38 Billion in 2024 and the total Rug revenue is expected to grow at a CAGR of 4.8% from 2025 to 2032, reaching nearly USD 57.30 Billion. Rugs Market Overview: The Rugs Market is witnessing substantial growth driven by rising consumer demand for interior decoration and home improvement solutions. Rugs are increasingly used not only for functional purposes, such as comfort and floor protection, butโ€ฆ
Electronic Soap Dispenser Market Outlook: Expected to Reach USD 1.68 Billion by 2029
Electronic Soap Dispenser Market Outlook: Expected to Reach USD 1.68 Billion by โ€ฆ
Electronic Soap Dispenser Market size was valued at USD 1.07 Billion in 2022 and the total Electronic Soap Dispenser Market revenue is expected to grow at a CAGR of 6.7% from 2023 to 2029, reaching nearly USD 1.68 Billion. Electronic Soap Dispenser Market Overview: The Electronic Soap Dispenser Market is experiencing substantial growth, driven by rising hygiene awareness and increasing adoption of touchless technology in both residential and commercial spaces. These dispensersโ€ฆ

All 5 Releases


More Releases for Boric

Enriched boric acid Research:CAGR of 15.4% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Enriched Boric Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years. Theโ€ฆ
Boric Acid Price Trend: A Comprehensive Analysis
Boric acid, a versatile compound with the chemical formula Hโ‚ƒBOโ‚ƒ, is widely used across various industries due to its unique chemical properties. Common applications of boric acid include glass and ceramics manufacturing, agriculture, antiseptics, and the production of fiberglass and flame retardants. Over the years, the price of boric acid has shown significant fluctuations due to changes in demand, raw material availability, production costs, and geopolitical factors. This article provides aโ€ฆ
Boric Acid Market Opportunities, Business Forecast To 2029
According to Precision Business Insights (PBI), the latest report boric acid market was valued at USD 1,035.1 million in 2022, growing at an 5.7% CAGR from 2023 to 2029. The increased demand from the renewable energy sector for industrial-grade boric acid in the glass, textile, and construction activities across the globe is expected to drive the boric acid market, Moreover, the increased popularity of boric acid in the jewellery industryโ€ฆ
Boric Acid Market to Witness Robust Expansion by 2029
The Boric Acid Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2023-2029). Boric acid is used in a variety of applications such as flame retardants, ceramic and fiberglass, wood preservatives, nutritional supplements, and pest control. Boric acid is used in a variety of end-use industries such as pharmaceuticals, agriculture, chemical processing, building and construction, and nuclear power. Among these, building &โ€ฆ
Boric Acid Market : Latest Trends and Key Developments By 2027
Polycarbonate Composites Market: Overview The global polycarbonate composites market is likely to grow at a healthy pace in the coming few years, thanks to the rising increasing demand from the end user industries. Polycarbonate are composites which are mainly produced from polyvinyl in combination with glass, mineral, carbon, graphene, etc. They are known for their excellent insulation, high mechanical strength and excellent flame-retardant properties. Owing to this, they are widely usedโ€ฆ
Boric Acid Market to See Incredible Growth During 2016 - 2026
Boric acid also known as hydrogen borate, orthoboracic acid, and boracic acid is odorless, white, weak monobasic acid. It has a crystalline structure usually available as a water-soluble powder form. The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy dueโ€ฆ