Boric Acid Market to Reach USD 2.4 Billion by 2030, Expanding at a Healthy 6.9% CAGR

0
58

Boric Acid Market: Growth Trends and Future Outlook

The Boric Acid Market is experiencing steady growth due to its diverse applications across industries. According to Intent Market Research, the market was valued at USD 1.6 billion in 2024 and is projected to surpass USD 2.4 billion by 2030, growing at a CAGR of 6.9% during 2024 - 2030.

What is Boric Acid?

Boric acid is a versatile chemical compound used in agriculture, pharmaceuticals, construction, and personal care products.

Get Access to Free Sample Research Report with Latest Industry Insights @  https://intentmarketresearch.com/request-sample/boric-acid-market-6502

Market Growth Drivers

1. Increasing Demand in Agriculture

Boric acid is widely used as a micronutrient fertilizer and pest control agent.

2. Rising Application in Glass and Ceramics

It enhances heat resistance and durability in glass and ceramic products.

3. Growth in the Pharmaceutical Sector

Boric acid is utilized in antiseptics, antifungal treatments, and skincare products.

Market Segmentation

By Application

·         Agriculture

·         Industrial Manufacturing

·         Pharmaceuticals

·         Personal Care Products

By Region

·         North America

·         Europe

·         Asia-Pacific

·         Middle East & Africa

·         Latin America

Browse Complete Summary, Tables and Figures of the Report @ https://intentmarketresearch.com/latest-reports/boric-acid-market-6502

Some of Leading Companies:

  • U.S. Borax Inc. (A Rio Tinto Group Company)
  • Eti Maden
  • Gujarat Borosil Ltd.
  • Inkabor SA
  • Rose Mill Co.
  • Searles Valley Minerals
  • American Borate Company
  • Quiborax S.A.
  • Minera Santa Rita S.R.L.
  • 3M Company
  • Sigma-Aldrich Corporation (Merck Group)
  • Orocobre Limited
  • Avantor, Inc.
  • BASF SE
  • AkzoNobel N.V. 

Emerging Trends in the Boric Acid Market

1. Eco-Friendly Pest Control Solutions

Boric acid is gaining popularity as a natural and safe pesticide alternative.

2. Increasing Use in Energy-Efficient Glass Production

Enhanced insulation and energy-saving properties.

3. Rising Demand in Personal Care Products

Incorporated in antiseptic creams, eye washes, and cosmetics.

Challenges Facing the Market

1. Stringent Environmental Regulations

Restrictions on chemical-based pesticides.

2. High Production Costs

Fluctuations in raw material prices.

3. Availability of Substitutes

Competition from synthetic alternatives.

Future Outlook: What to Expect by 2030?

By 2030, the Boric Acid Market is expected to reach USD 2.4 billion, driven by:

·         Sustainable agricultural practices

·         Technological advancements in glass manufacturing

·         Growing demand for eco-friendly products

FAQs

1. What are the primary applications of boric acid?
Agriculture, glass manufacturing, pharmaceuticals, and personal care products.

2. What is driving the growth of the boric acid market?
Increasing demand for eco-friendly solutions and technological advancements.

3. What are the major challenges faced by the market?
Environmental regulations and high production costs.

4. Which region is expected to dominate the market by 2030?
Asia-Pacific, due to its booming industrial and agricultural sectors.

5. How is boric acid beneficial in agriculture?
It acts as a micronutrient fertilizer and pest control agent.

Customize This Report As Per Your Requirement @  https://intentmarketresearch.com/ask-for-customization/boric-acid-market-6502

About Us:

Intent Market Research (IMR) is designed to offer unique market insights, with a core focus on sustainable and inclusive growth of our clients. We offer comprehensive market research reports and consulting services to help our clients to take data-driven business decisions.

Our market intelligence reports offer fact-based and relevant insights across a range of industries including chemicals & materials, healthcare, food & beverage, automotive & transportation, energy & power, packaging, industrial equipment, building & construction, aerospace & defense, semiconductor & electronics to name a few.

Our approach is deeply collaborative, working closely with clients to drive transformative change that benefits all stakeholders and has positive impacts. With a strong emphasis on innovation, we’re here to help businesses grow, build sustainable advantages, and bring remarkable changes.

Contact Us:

1846 E Innovation Park DR Site

100 ORO Valley AZ 85755

Email: sales@intentmarketresearch.com

Phone: +1 463-583-2713

 

Pesquisar
Categorias
Leia mais
Outro
Hot Water Circulator Pumps Market Growth Rate, Demands, Status and Application Forecast by 2032
The detailed Hot Water Circulator Pumps Market research report is just idyllic to discover about...
Por Bhavna Kubade 2025-02-14 11:15:50 0 685
Outro
U.S. Anemia Treatment Market Comprehensive Analysis and Forecast 2025 to 2030
The recent analytical report published by Markntel Advisors (a leading consulting, data...
Por Sonu Kumar 2025-02-28 17:15:21 0 643
Shopping
️神経リハビリテーション機器市場の需要は 2031年までに19億6000万ドルから56億3000万ドルに達すると予測
市場概要: Kings...
Por Abhishek Singh 2025-03-05 05:21:18 0 315
Networking
The Future of HPAPI Development: Trends & Innovations in High-Potency Drug Manufacturing
The development of potent therapeutics has gained significant momentum in recent years, with an...
Por Ayesha Jadhav 2025-02-18 15:16:49 0 800
Outro
Saudi Arabia Brake Pad Market Growth- Industry Trends, Growing at a CAGR of 7% and Future Outlook 2023 to 2028: Markntel Advisors
Increasing Penetration of EVs and Advancements in Braking Technologies Markntel Advisors' recent...
Por Akio Komatsu 2024-10-04 15:28:31 0 1KB