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市场调查报告书
商品编码
1467648
2024-2032 年硼酸市场报告(按纯度、应用、配销通路、最终用户和地区)Boric Acid Market Report by Purity, Application, Distribution Channel, End User, and Region 2024-2032 |
2023年,全球硼酸市场规模达8.932亿IMARC Group。各行业产品应用的不断扩大、农业和建筑行业的需求不断增长、高科技应用的使用不断增加以及製药和医疗保健行业的蓬勃发展是推动市场的一些主要因素。
硼酸是由硼、氧和氢组成的化合物,化学式为H3BO3。它以白色、无味、结晶粉末的形式存在。这种多功能物质可作为防腐剂、收敛剂、杀虫剂和肥料应用于多种行业,包括製药、农业和化妆品。除此之外,硼酸由于其作为助熔剂的能力而被用于製造玻璃、陶瓷和搪瓷。其温和的防腐特性也使其在护肤品和眼药中广受欢迎。
农业、陶瓷、玻璃和製药等各种最终用途行业对硼酸的需求不断增加,主要推动了其市场成长。除此之外,农业部门的强劲成长,特别是在发展中地区,正在推动对硼酸肥料和农药的需求,以提高作物产量。此外,建筑用玻璃纤维和绝缘材料生产中对硼酸的需求不断增长,也促进了市场的扩张。同时,人们越来越认识到硼酸在护肤品和滴眼剂中的好处,这促进了其在化妆品和医疗保健行业的就业,从而加强了市场成长。此外,新兴经济体的快速工业化、城市化和基础设施发展等各种其他因素也为市场扩张提供了丰厚的机会。
各行业多样化应用
硼酸的多功能性和跨行业的广泛应用是推动其市场成长的主要因素。此外,蓬勃发展的农业部门越来越多地采用产品作为作物必需的微量营养素,以促进植物健康生长和提高产量,这正在推动市场向前发展。同时,硼酸在陶瓷和玻璃工业中充当助熔剂,降低材料的熔点并提高玻璃和陶瓷产品的製造流程。这种应用在电子元件、显示面板和绝缘玻璃纤维的生产中尤其重要。此外,硼酸在药物中作为防腐剂和收敛剂得到应用,有助于其在医疗保健领域的使用。
新兴经济体不断成长的农业部门
不断扩大的农业部门,尤其是新兴经济体的农业部门,正成为全球硼酸市场成长的重要推手。随着全球人口持续成长,对农产品的需求增加,增加了对硼酸肥料和农药的需求。发展中地区正在经历快速的工业化和城市化,导致农业活动增加,以满足不断增长的粮食需求。硼酸作为硼基肥料和农药等农业投入品的重要性因其在改善土壤肥力和植物健康方面的作用而受到关注。随着新兴经济体持续现代化和对农业的投资,硼酸的需求预计将稳定成长。
建筑和基础设施发展的需求不断增长
全球建筑业的成长和不断扩大的基础设施发展是推动市场成长的一些关键因素。硼酸用于製造玻璃纤维和绝缘材料,这些是建筑项目的组成部分。这些材料具有出色的隔热和隔音性能,使其在建筑、汽车和航空航天领域至关重要。因此,随着城市化的快速发展和全球建筑活动的激增,这些应用中对硼酸的需求预计将大幅增长,从而为市场扩张创造积极的前景。
The global boric acid market size reached US$ 893.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,379.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The expanding product applications across various industries, growing demand in agriculture and construction sectors, increasing use in high-tech applications, and the bolstering pharmaceutical and healthcare sectors are some of the major factors propelling the market.
Boric acid is a chemical compound composed of boron, oxygen, and hydrogen, with the chemical formula H3BO3. It exists as a white, odorless, crystalline powder. This versatile substance finds applications in various industries, including pharmaceuticals, agriculture, and cosmetics, as an antiseptic, astringent, pesticide, and fertilizer. Besides this, boric acid is utilized in manufacturing glass, ceramics, and enamel due to its ability to act as a flux. Its mild antiseptic properties also make it popular in skin care products and eye drops.
The increasing demand for boric acid in various end-use industries such as agriculture, ceramics, glass, and pharmaceuticals, is primarily fueling its market growth. In addition to this, the bolstering growth of the agricultural sector, especially in developing regions, is fueling the need for boric acid-based fertilizers and pesticides to enhance crop yield. Furthermore, the rising demand for boric acid in the production of fiberglass and insulation materials for construction purposes is contributing to market expansion. Concurrent with this, the growing awareness about the benefits of boric acid in skin care products and eye drops is boosting its employment in the cosmetics and healthcare industries, thereby strengthening the market growth. Moreover, various other factors, such as rapid industrialization, urbanization, and infrastructure development in emerging economies, are presenting lucrative opportunities for market expansion.
Diverse applications in various industries
Boric acid's versatility and wide range of applications across diverse industries are major factors fueling its market growth. Moreover, the surging product adoption across the thriving agriculture sector as an essential micronutrient for crops to promote healthy plant growth and increase yield is propelling the market forward. Concurrent with this, boric acid acts as a flux in the ceramics and glass industries, reducing the melting point of materials and enhancing the manufacturing process of glass and ceramics products. This application is particularly crucial in the production of electronic components, display panels, and glass fibers for insulation purposes. Furthermore, boric acid finds application in pharmaceuticals as an antiseptic and astringent, contributing to its usage in the healthcare sector.
Growing agricultural sector in emerging economies
The expanding agricultural sector, especially in emerging economies, is acting as a significant growth-inducing driver for the global boric acid market. As the global population continues to grow, the demand for agricultural products rises, thereby increasing the need for boric acid-based fertilizers and pesticides. Developing regions are witnessing rapid industrialization and urbanization, leading to an increase in agricultural activities to meet the rising demand for food. Boric acid's importance as an agricultural input, such as boron-based fertilizers and pesticides, has gained traction due to its role in improving soil fertility and plant health. As emerging economies continue to modernize and invest in agriculture, the demand for boric acid is expected to grow steadily.
Rising demand from construction and infrastructure development
The construction industry's growth and the expanding infrastructure development across the globe are some of the key factors impelling the market growth. Boric acid is utilized in the manufacturing of fiberglass and insulation materials, which are integral components in construction projects. These materials provide excellent thermal and acoustic insulation properties, making them essential in buildings, automotive, and aerospace sectors. As a result, with rapid urbanization and a surge in global construction activities, the demand for boric acid in these applications is expected to witness substantial growth, creating a positive outlook for market expansion.
IMARC Group provides an analysis of the key trends in each segment of the global boric acid market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on purity, application, distribution channel, and end user.
<99%
>=99%
>=99% dominates the market
The report has provided a detailed breakup and analysis of the market based on purity. This includes <99% and >=99%. According to the report, >=99% represented the largest segment.
The demand for boric acid with a purity of >=99% is propelled by its essential role in high-tech industries and advanced applications. Industries such as electronics and semiconductor manufacturing require boric acid with exceptional purity levels to ensure the production of precise and reliable components. Boron doping in semiconductors is essential for optimizing electrical conductivity and enhancing device performance. Moreover, the aerospace and defense sectors use high-purity boric acid in the development of advanced materials and composites for lightweight and durable applications. As these industries continue to advance and demand cutting-edge technologies, the need for boric acid with purity >=99% is set to increase significantly.
Flame Retardants
Ceramics & Fiberglass
Wood Preservatives
Nutritional Supplements
Pest Control
Others
Ceramics & fiberglass hold the largest share in the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes flame retardants, ceramics and fiberglass, wood preservatives, nutritional supplements, pest control, and others. According to the report, ceramics and fiberglass represented the largest segment.
The demand for boric acid in ceramics and fiberglass industries is primarily driven by its unique properties that enhance product performance and manufacturing efficiency. In the ceramics sector, boric acid acts as a fluxing agent, reducing the melting point of materials and improving their workability during shaping and forming processes. This results in higher-quality ceramic products with enhanced strength and durability. For the fiberglass industry, boric acid is used as a crucial component in the production of glass fibers, providing excellent thermal and acoustic insulation properties. As a result, with the flourishing expansions of the construction and automotive sectors and the subsequent surge in demand for fiberglass-based materials, there is an increasing demand for boric acid.
Wholesale
E-Commerce
Retail Stores
Supermarkets and Hypermarkets
Independent Stores
Others
Wholesale dominates the market
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes wholesale, e-commerce, retail stores, supermarkets and hypermarkets, independent stores, and others. According to the report, wholesale represented the largest segment.
The widespread applications of boric acid across various industries and the economies of scale offered by bulk purchases are impelling the product sales through wholesale channels. Besides this, wholesale channels serve as a convenient and cost-effective means for industries to procure boric acid in large quantities, ensuring a steady supply for their manufacturing processes. Moreover, the wholesale distribution network allows buyers to access competitive prices and discounts for bulk orders, making it financially advantageous. Furthermore, wholesale suppliers often cater to a wide range of industries, including agriculture, pharmaceuticals, and construction, further contributing to the consistent demand for boric acid through this distribution channel. As the global market for boric acid continues to grow, wholesale channels will remain pivotal in meeting the increasing demand efficiently.
Pharmaceuticals
Agricultural
Chemical Processing
Building & Construction
Nuclear
Others
Pharmaceuticals hold the largest share in the market
The report has provided a detailed breakup and analysis of the market based on the end user. This includes pharmaceuticals, agricultural, chemical processing, building and construction, nuclear, and others. According to the report, pharmaceuticals represented the largest segment.
The demand for boric acid across the pharmaceutical sector, driven by its valuable properties and diverse applications in medicinal products, is presenting remunerative opportunities for market expansion. Boric acid's antiseptic and astringent characteristics make it a vital ingredient in various pharmaceutical formulations, such as eye drops and topical creams for treating eye infections and skin conditions. Additionally, boric acid is used as a buffering agent in oral medications to maintain their pH levels and stabilize their effectiveness. Moreover, its role as an excipient in tablets and capsules aids in improving drug dissolution and bioavailability. With the continuous need for effective and safe pharmaceutical solutions, the demand for boric acid in the industry is expected to remain robust, creating a favorable outlook for market growth.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest boric acid market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Rising industrialization and urbanization in the Asia Pacific region, particularly in countries including China, India, and Southeast Asian nations, are driving the construction and automotive industries, thereby increasing the need for fiberglass and ceramics products where boric acid is a critical component. Moreover, the expanding agricultural sector in the region necessitates the use of boric acid-based fertilizers and pesticides to enhance crop yields, which, in turn, is strengthening the market growth. In addition to this, the growing pharmaceutical and healthcare industries in the Asia Pacific region are contributing to the demand for boric acid's applications in antiseptic and medicinal formulations, which is propelling the market forward.
The global boric acid market exhibits a competitive landscape with several key players vying for market share. Major manufacturers and suppliers dominate the boric acid market with a wide geographic presence and strong distribution networks. They focus on product innovation, R&D, and strategic partnerships to maintain their competitive edge. Additionally, these players adopt mergers, acquisitions, and collaborations to expand their market outreach and access new regions. The market also witnesses the participation of smaller regional players, who cater to local demands and niche applications. The competitive environment is characterized by price competitiveness, quality assurance, and adherence to international regulations. As the demand for boric acid continues to grow in various industries, competition among key players is expected to intensify, leading to further innovations and market expansion.
3M Company
Avantor Inc.
Eti Maden
Gujarat Boron Derivatives Pvt. Ltd.
Indo Borax & Chemicals Limited
Minera Santa Rita S.R.L.
Organic Industries Pvt. Ltd.
Quiborax SA
SCL Italia S.p.A.
Singhania International Limited
Sociedad Industrial Tierra S.A.
The Chemical Company
Tomiyama Pure Chemical Industries Ltd.
U.S. Borax Inc. (Rio Tinto plc)
In March 2023, Borax unveiled Optibor(R) BQ, a fresh battery-grade boric acid offering tailored to fulfill the distinct purity and particle size requirements of the industry.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report