Global Boric Acid Market-Industry Analysis and Forecast (2020-2027

1. The global boric acid market was documented US$ X.97 Bn and is expected to reach US$ X.44 Bn by 2027, at a CAGR of X.4 % during a forecast period. Global Boric Acid Market Market Definition: Boric acid and its sodium borate salts are pesticides that we can find in nature and many other products. Borax is one of the most common products. Boric acid is an odourless, weak, monobasic acid, and is a naturally occurring compound containing the element boron. Boric acid and its sodium salts each combine boron with other elements in a different way. In general, their toxicities depend on the amount of boron they contain. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis. Growth Fundamentals:

2. The global boric acid market is exceeding owing to their properties like antiseptic, antifungal, and antiviral which is contributing to the widespread adoption of the product, components, and end- products getting utilized in numerous industries. Unstoppable growth in fiberglass making is estimated to increase on the account of rising demand and also development in construction division provided by tiles and ceramics makers used in buildings and infrastructure is expected to drive the market at a significant rate over the forecast period. The rising demand of boric acid as an energy sufficient compound and its use in laboratory applications is running the growth of the market. Additionally, growing laboratory activity boosting the demand of boric acid as a PH modifier, while it works as a viscosity modifier in gas and oil is also driving the growth of the boric acid market. Elevation in demand for electronic devices, LCD televisions, personal care products, nutritional supplements, is raising the demand for the boric acid material. On the other hand, further factors contributing to the growth of the same market embraces the growing demand from pharmaceuticals, cosmetics, and agriculture industries. Other application of boric acid includes treating the boron deficiencies in plants, to preserve woods against fungal attacks and many more. Factors like boric acid are toxic if gasped or consumed by mistake at the workplace and this can be expected to restraint the market growth and create limitations for the introduction of new market players to invest in the market. Boric Acid Market Segment analysis: By the end-user, fiberglass held a significant market share during the projected period. Attributed to the increase in construction, automotive, and electronics industries across the globe expected to raise the market value in the coming years. The housing and construction segment will continue to dominate the market and is expected to account for around X8% of the market share. As per the American Composites Manufacturers Association, the global fiberglass market size was over US$ 15.23 Bn in 2019, and it is expected to increase to US$ 22 Bn by 2027. Boric Acid Market Regional Analysis: Regionally, Asia Pacific is ranked second on a panel in terms of pharmaceutical development thus APAC slated to account for a leading share of 52.0% by 2027 in the boric acid market. The number of industries and manufacturing activities are increasing in this region with rapid urbanization and industrialization in developing countries like Japan, India, and China is also estimated to propel the boric acid market growth in the Asia Pacific Region. China has the largest manufacturing unit, accounted for a prominent market driver in the region. China's pharmaceutical market was held at US$ 110 Bn in 2019 and is anticipated to reach US$ 180.7 Bn during the forecasted period, at an expected CAGR of 9.8 %.

3. For the same segment, North America is expected to dominate the Boric Acid market and is expected to grow at a CAGR of XX % during the forecast period. Developed regions like the U.S and Canada are considered major contributors to the boric acid market growth in the North America region. The objective of the report is to present a comprehensive analysis of the Global Boric Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Boric Acid Market dynamics, structure by analysing the market segments and project the Global Boric Acid Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Boric Acid Market make the report investor’s guide. Visit at-https://www.maximizemarketresearch.com/market-report/global-boric-acid-market/66557/ Scope of Boric Acid Market Global Boric Acid Market, End-User • Tiles • Ceramics • Fiberglass • Flame Retardants • Agriculture • Wood Preservation • Pharmaceuticals • Cosmetics • Others Global Boric Acid Market, By Application

4. • Industrial • Household Global Boric Acid Market, By Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa Key Players Operating the Boric Acid Market, • 3M Company • Avantor Performance Materials, LLC • Eti Maden • Gujarat Boron Derivatives • Minera Santa Rita S.R.L. • Organic Industries Pvt. Ltd. • QUIBORAX S.A. • Russian Bor Concern OJSC • TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD. • U.S. Borax. • Minera Santa Rita (MSR) • Indo Borax & Chemicals Limited • AMERICAN BORATE COMPANY