The global boric acid market is driven by a number of factors including the growth of fiberglass and ceramics industries. Increasing awareness about energy conservation measures and the emergence of renewable energy resources will also play a vital role in the market’s growth. This report analyzes the key drivers and challenges for the industry. Listed below are some of the market drivers that will help the industry grow in the next few years. The report also lists the key trends and drivers that will influence the market.
The industry is highly fragmented, with many vendors deploying both organic and inorganic growth strategies.
While many segments are expected to grow over the next few years, it is still critical for vendors to focus on the fastest growing segments while preserving their positions in the slow-growing ones. The boric acid market forecast report includes in-depth information on key vendor profiles, including production, sustainability, and future prospects. For example, 3M Co. manufactures 3M 10B enriched boric acid and offers neutron-absorbing chemical shim.
The global pharmaceutical boric acid market is expected to reach USD million by 2021. China is expected to account for % of the market and be worth USD 411 million by 2028, growing at a CAGR of 9.6%. Japan and Germany will also grow at a steady pace, and are expected to contribute a significant portion to the overall market. The report contains detailed information on the global boric acid industry, including sales and revenue, production, and pricing.
This report examines the global boric acid market, highlighting the trends, drivers, and opportunities.
The report also explores the growth opportunities of this acid in various regions. For instance, the market is expected to increase by UDzD $686.1 million by 2020 and UDzD $1,092.6 million by 2030. Additionally, boric acid will continue to see a substantial growth in Asia-Pacific over the next few years, as energy-efficient appliances become more popular.
The global boric acid industry report provides comprehensive analysis of the market through thoughtful insights and factual data. It also covers market segmentation by geography, technology, and application. Using first-hand information and research, the report outlines the historical milestones and competitive landscapes of the industry and its key players. It also includes a comprehensive analysis of the drivers and restraints of the industry. The report also includes market-specific insights from market experts.
While the sodium borate market was led by China, India and Japan are expected to be the next two biggest markets. The North American market will be driven by ceramics, agricultural chemicals, and the water treatment industry. Europe will also drive the sodium borate market. The rest of the world is anticipated to grow strongly over the next few years. The report details the competitive landscape for sodium borate, including major players. One of these companies is the Rio Tint Group, which owns the global boric acid market.