Boric Acid Market Size Will Grow by 321,100 MT | Increase in demand from developing countries to drive market growth

NEW YORK, June 17, 2022 /PRNewswire/ — The “Boric Acid Market by Application and Geography – Forecast and Analysis 2021-2025report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Boric Acid Market by Application and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the boric acid market between 2020 and 2025 is 321,100 MT, according to Technavio’s latest market analysis report. The report also predicts that the market will register an acceleration in growth at a CAGR of 4.68% during the projected period. The increasing demand from developing countries and increasing demand for energy efficient buildings are some of the major market drivers. However, factors such as strict regulations and policies will challenge the growth of the market.

To get the exact annual growth variance and annual growth rate, Read this sample report.

Supplier Landscape

The boric acid market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. To make the most of the opportunities and recover from the post-pandemic impact, market vendors are expected to focus more on growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments. The Boric Acid Market forecast report offers in-depth information about key vendor profiles. The profiles include production, sustainability and outlook information for key companies.

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Key Highlights of Revenue Generating Segment

The Boric Acid market report is segmented by Application (Glass & Ceramics, Agriculture, Detergents & Others) and Geography (APAC, North America, Europe, South Americaand MEA).

  • The glass and ceramic applications segment held the largest boric acid market in 2020. The segment will continue to generate the highest revenue throughout the forecast period. The growth of this segment can be attributed to the increasing use of boric acid in borosilicate glass, textile fiberglass, and IFG is expected to drive the market growth. In reinforcing glass fibers (RFG) and IFG, the use of boric acid improves fiber drawing efficiency and batch flow capabilities.

  • APAC will be the top region with 51% of the market growth during the forecast period. China and India are the major markets for the boric acid market in APAC. The market growth in this region will be faster than the market growth in all other regions. Rising demand for boric acid from glass and ceramics, agriculture, cosmetics and personal care industries will facilitate the growth of the boric acid market in APAC during the period of forecast.

View sample report for an overview of the contribution of all segments and regional opportunities in the report.

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Boric Acid Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4.68%

Market Growth 2021-2025

321.1 e MT

Market structure

Fragmented

Annual growth (%)

4.08

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

Asia-Pacific at 51%

Main consumer countries

China, USA, Turkey, Germany and India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

3M Co., Avantor Inc., Eti Maden isletmeleri Genel Mudurlugu, Orocobre Ltd. Co., Rio Tinto Ltd., SCL Italia Spa, Sociedad Quimica y Minera de Chile SA, The Chemical Co., Tokyo Chemical Industry Co. Ltd., and Tomiyama Pure Chemical Industries Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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