Global Boric Acid Market

May 2020| VMR2140A| Verified Market Research

Report Highlights

Boric Acid Market Size And Forecast

According To Verified Market Research, Global Boric Acid Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.

VMR2140A

Global Boric Acid Market Outlook

The rising demand for boric acid in energy-saving appliances such as the insulation of residential and commercial buildings is expected to propel the growth of the boric acid market. The macroeconomic factors such as rising per capita income and employment rate, as well as the rapid industrialization, are likely to fuel the market growth. Some other factors trending the boric acid market include the rising demand from pharmaceuticals, cosmetics, agriculture industries and growing demand for fiberglass, growing energy needs, and rising awareness of energy conservation methods. However, as per the European regulations it is classified as a carcinogen. Thus, the usage of boric acid is restricted in personal care applications. 

Global Boric Acid Market Competitive Landscape 

The Global Boric Acid Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Minera Santa Rita S.R.L., Gujarat Boron Derivatives, Eti Maden, Avantor Performance Materials, LLC, 3M Company, Organic Industries Pvt. Ltd., QUIBORAX S.A., Russian Bor Concern OJSC, TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD., and U.S. Borax.

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