List of Contents

Boric Acid Market Size, Share, and Trends 2024 to 2034

The global boric acid market size was USD 748.48 million in 2023, estimated at USD 779.17 million in 2024 and is anticipated to reach around USD 1157.73 million by 2034, expanding at a CAGR of 4.04% from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 1216
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Boric Acid Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Boric Acid Market

5.1. Covid-19: Boric Acid Industry Impact
5.2. Boric Acid Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Boric Acid Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Boric Acid Market Players to deal with Covid-19 Pandemic Scenario

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Rapid industrialization and urbanization across the world
6.1.1.2. Increasing applications in the construction industries
6.1.2. Market Restraints
6.1.2.1. Fluctuating raw material prices
6.1.3. Market Opportunities
6.1.3.1. Emerging applications

Chapter 7. Global Boric Acid Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Boric Acid Market Revenue by Market Players
7.1.1.2. Boric Acid Market Revenue Market Share by Market Players
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Boric Acid Market, By Grade

8.1. Boric Acid Market, by Type, 2024-2034
8.1.1. Industrial Grade
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Pharmaceutical Grade
8.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Boric Acid Market, By End-use

9.1. Boric Acid Market, by End-use, 2024-2034
9.1.1. Glass
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Ceramic
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Agriculture
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. Medical
9.1.4.1. Market Revenue and Forecast (2021-2034)
9.1.5. Other End-Uses
9.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Boric Acid Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Grade(2021-2034)
10.1.2. Market Revenue Forecast by End-use (2021-2034)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2021-2034)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2021-2034)
10.2. Europe
10.2.1. Market Revenue Forecast by Grade (2021-2034)
10.2.2. Market Revenue Forecast by End-use (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2021-2034)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2021-2034)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Grade (2021-2034)
10.3.2. Market Revenue Forecast by End-use (2021-2034)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2021-2034)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2021-2034)
10.4. LATAM
10.4.1. Market Revenue Forecast by Grade (2021-2034)
10.4.2. Market Revenue Forecast by End-use (2021-2034)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2021-2034)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2021-2034)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Grade (2021-2034)
10.5.2. Market Revenue Forecast by End-use (2021-2034)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2021-2034)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2021-2034)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2021-2034)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2021-2034)

Chapter 11. Company Profiles

11.1. Rio Tinto Group (U.S. Borax Inc.)
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Price, and Gross Margin
11.1.4. Recent Developments and Strategies
11.2. 3M
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Price, and Gross Margin
11.2.4. Recent Developments and Strategies
11.3. EtiMaden
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Price, and Gross Margin
11.3.4. Recent Developments and Strategies
11.4. Nirma Limited (Searles Valley Minerals Inc.)
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Price, and Gross Margin
11.4.4. Recent Developments and Strategies
11.5. NIPPON DENKO CO. LTD.
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Price, and Gross Margin
11.5.4. Recent Developments and Strategies
11.6. Promega Corporation
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Price, and Gross Margin
11.6.4. Recent Developments and Strategies
11.7. Southern Agricultural Insecticides Inc.
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Price, and Gross Margin
11.7.4. Recent Developments and Strategies
11.8. Quiborax S.A.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Price, and Gross Margin
11.8.4. Recent Developments and Strategies
11.9. American Borate Company
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Price, and Gross Margin
11.9.4. Recent Developments and Strategies
11.10. Minera Santa Rita S.R.L. (MSR)
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Price, and Gross Margin
11.10.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Frequently Asked Questions

According to Precedence Research, the global boric acid market size was estimated at USD 748.48 million in 2023 and expected to worth around USD 1157.73 million by 2034.

The global boric acid market is expanding at a CAGR of 4.04% during the forecast period 2024 to 2034.

On the basis of grade, industrial grade segment is expected hold largest revenue share in the forecast period of time 2024-2034. This growth is mainly attributed to increasing adoption of boric acid in the commercial industries such as glass, agriculture ceramic among others.

On the basis of end-use, glass segment accounted for the largest revenue with significant share in 2023. This is growth is increasing adoption of the boric acids in the glass manufacturing industrial worldwide.

In 2020, Asia Pacific conquered the global market with a market share of more than 25%.

The key companies functioning in the worldwide boric acid market are NIPPON DENKO CO. LTD. 3M, Minera Santa Rita S.R.L. (MSR), Southern Agricultural Insecticides Inc., Quiborax S.A. American Borate Company, Nirma Limited (Searles Valley Minerals Inc.), EtiMaden, Promega Corporation, Rio Tinto Group among others.

Increasing demand for the boric acid due to rapid industrialization across the globe is major factor driving growth of the global boric acid market. In addition to this, growing glass and textile industry across the world is demanding boric acid due to its excellent finishing properties which is expected to fuel growth of the target industry in the near future. Further, the oil and gas industry is expending at rapid pace within which boric acid is used widely. This is the crucial factor to anticipate to augment growth of the global industry during the forecast period.

Boric acid is Lewis acid of boron. Excellent finishing property of the boric acid makes it ideal material to be used in the commercial industries for end use applications.

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