Global Boric Acid Market 2023-2029

According to latest analysis, the global boric acid market was USD 955.0 million in 2022 and is expected to reach USD 1,406.0 million in 2029 and register a CAGR of 5.7% during the forecast period, 2023-2029. Boric acid is a white, crystalline powder that is derived from boron, a naturally occurring element. It is commonly used as an antiseptic, insecticide, and flame retardant. Boric acid is also used in many industrial applications, including the production of glass, ceramics, and fertilizers. In medicine, boric acid is used to treat various skin conditions, such as acne and athlete's foot, and to prevent infections in wounds. It is also used as an eyewash to relieve eye irritation and as a vaginal suppository to treat yeast infections.Boric acid is a white, crystalline powder that is derived from boron, a naturally occurring element. It is commonly used as an antiseptic, insecticide, and flame retardant. Boric acid is also used in many industrial applications, including the production of glass, ceramics, and fertilizers. In medicine, boric acid is used to treat various skin conditions, such as acne and athlete's foot, and to prevent infections in wounds. It is also used as an eyewash to relieve eye irritation and as a vaginal suppository to treat yeast infections.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global boric acid market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, end user, and region. The global market for boric acid can be segmented by application: industrial, household, others. The industrial segment captured the largest share of the market in 2022. Boric acid market is further segmented by end user: tiles, ceramics, fiberglass, flame retardants, agriculture, wood preservation, pharmaceuticals, cosmetics, others. The fiberglass segment held the largest share of the global boric acid market in 2022 and is anticipated to hold its share during the forecast period. Based on region, the boric acid market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2022, Asia-Pacific made up the largest share of revenue generated by the boric acid market.

Market Segmentation
By application: industrial, household, others
By end user: tiles, ceramics, fiberglass, flame retardants, agriculture, wood preservation, pharmaceuticals, cosmetics, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The global boric acid market report offers detailed information on several market vendors, including 3M Company, Avantor Inc., BASF SE, U.S. Borax Inc., Eti Maden, Minera Santa Rita S.R.L., Indo Borax & Chemicals Limited, QUIBORAX S.A., MCC Russian Bor, Inkabor, Minera Santa Rita S.R.L. (MSR), Química Pima, S.A. de C.V., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global boric acid market.
• To classify and forecast the global boric acid market based on application, end user, region.
• To identify drivers and challenges for the global boric acid market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global boric acid market.
• To identify and analyze the profile of leading players operating in the global boric acid market.

Why Choose This Report
• Gain a reliable outlook of the global boric acid market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
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