Dallas, Texas, Oct. 08, 2020 (GLOBE NEWSWIRE) -- The “Boric Acid Market by Application (Fiberglass Industry, Ceramics, Building & Construction, Pharmaceuticals, Others) and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America), Global Forecasts 2020 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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It exists in colorless crystals or a white powder that dissolves in water. Boracic acid is odorless. It has a crystalline structure usually available as a water-soluble powder form. The market is projected to reach USD 8.5 billion by the end of 2028.
A significant growth rate is expected on the global boric acid market as a result of the rising demand in energy saving equipment. Boric acid is used as a commercial and residential building insulation in energy-efficient applications. Boric acid is also advantageous to the fact that it is used in the production of oil and wind energy. The decline in the unoccupied rate and stable employment has increased residential and commercial construction activity in the US.
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In terms of region the global market is divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The increased demand in building and automotive applications for glass and fiberglass has led to the growth of the boric acid market in countries like China and India of the Asian-Pacific region. Asia Pacific is projected to account for more than 50% share over the foreseeable future.
In terms of application the global market is segmented into Fiberglass Industry, Building and Construction, Ceramics, Pharmaceuticals, Others. Ceramics and fiber glass is projected to account for a major market revenue share over the foreseeable future.
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Key players include Minera Santa Rita S.R.L., Gujarat Boron Derivatives, Organic Industries Pvt. Ltd., QUIBORAX S.A., Russian Bor Concern OJSC, TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD., U.S. Borax, Eti Maden, Avantor Performance Materials, LLC, 3M Company.
Major Points from Table of Contents:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Outlook
Chapter 5. Boric Acid Market by Application
Chapter 6. Boric Acid Market by Region
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
Chapter 9. Appendix
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