According to the new market research report “Boric Acid Market (By Grade: Industrial Grade and Pharmaceutical Grade; By End-use: Ceramic, Medical, Glass, Agriculture and Others) – COVID-19 Impact on Chemical and Material Industry, Global Forecasts to 2030″, published by Precedence Research, The boric acid market is expected to grow at a CAGR of around 5.8% during the forecast period 2021 to 2030.
The boric acid market size is expected to reach US$ 1,117 million by 2030 from US$ 670 million in 2020. The report contains 250+ pages with detailed analysis. The report provides the overall revenue of the global boric acid market from 2017 to 2030, considering 2021 as the base year and 2030 as the forecast year. The study includes drivers and restraints of this global market.
This research report evaluates the boric acid market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global boric acid market for the period from 2017 to 2030.
Crucial factors accountable for market growth are:
- Increasing demand for the boric acid due to rapid industrialization across the globe
- Rising construction activities across the globe are creating huge demand
- Growing glass and textile industry worldwide
- Excellent chemical properties of boric acid offering various benefits
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COVID-19 Impact on Global Boric Acid Market
Outburst of COVID-19 has impacted on most of the key markets across the globe. COVID-19 is have adverse impact on the boric acid market. Asia Pacific is the biggest market for the boric acid, but to the spread of coronavirus and lockdown situations in China, India, Japan has led to reduced supply and demand for the boric acid. Due to COVID-19, supply chain disruption, fluctuations in the raw material supply, insufficient man power in the manufacturing facility and low demand form the end use costumers hampered target industry growth in the developed as well as emerging economies worldwide. However, COVID-19 situation is resolving slowly and most of the industries are started their facilities at full capacity.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by factors such as the increase in demand from developing countries, the growing demand for energy-efficient buildings, and the increase in demand from the glass industry. The boric acid market analysis includes application and geography landscape segments. This study identifies the increase in demand from the glass industry as one of the prime reasons driving the boric acid market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The boric acid market covers the following areas:
Boric Acid Market Sizing
Boric Acid Market Forecast
Boric Acid Market Analysis
Top Players contending in the Market:
The companies focusing on research and development are expected to lead the global boric acid market. Leading competitors contending in global boric acid market are as follows:
- NIPPON DENKO CO. LTD
- Minera Santa Rita S.R.L. (MSR)
- Southern Agricultural Insecticides Inc.
- Quiborax S.A.
- American Borate Company
- Nirma Limited (Searles Valley Minerals Inc.)
- Promega Corporation
- Rio Tinto Group
For the better understanding the recent situation of the global boric acid market and for most policies of the country, Precedence Research forecast the future evolution of the boric acid industry. This research study offers qualitative and measureable insights on boric acid market and valuation of market size and development trends for global market segments.
Key Market Developments:
- In year 2017, EtiMaden a leading key player in the global boric acid market was announced development of its Turkey’s facility in order to deliver the high value added and quality products and to get competitive edge in the target industry.
Major Market Segments Covered:
- Industrial Grade
- Pharmaceutical Grade
- Other End-Uses
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Why should you invest in this report?
If you are aiming to enter the global boric acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for boric acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
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
4.2. 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
Chapter 6. Boric Acid Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
188.8.131.52. Rapid industrialization and urbanization across the world
184.108.40.206. Increasing applications in the construction industries
6.1.2. Market Restraints
220.127.116.11. Fluctuating raw material prices
6.1.3. Market Opportunities
18.104.22.168. Emerging applications
Chapter 7. Global Boric Acid Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
22.214.171.124. Boric Acid Market Revenue by Market Players (2017 – 2020)
126.96.36.199. Boric Acid Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
188.8.131.52. Product Portfolio Expansion, Geographic Expansion, Product Innovation
184.108.40.206. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
220.127.116.11. List of Suppliers
18.104.22.168. List of End-users
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