Awareness of Energy Conservation Methods is anticipated to fueling the demand of the Boric Acid Market Till 2025: Grand View Research, Inc.

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According to new report by Grand View Research, Emerging Trends in the global Boric Acid Market including high demand for electronic devices, glazed ceramics, and LCD televisions and It is used in energy-saving applications and as insulation of commercial and residential buildings.

Boric acid is also called as hydrogen borate, or boracic acid. It is a weak, monobasic used as an antiseptic, insecticide, flame retardant. It exists in colorless crystals or a white powder that dissolves in water. Macroeconomic factors such as the rising in per capita income, employment rate, and the rapid rate of industrialization are driving the global boric acid market. Besides, increase in energy needs, increase in the awareness of energy conservation methods, and the rapid rate of urbanization is fueling the demand of the boric acid market. There are some factors trending the global boric acid market including high demand for electronic devices, glazed ceramics, and LCD televisions.

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Boracic acid is odorless.It has a crystalline structure usually available as a water-soluble powder form. The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Boric Acid Market is segmented By Application into Industrial/Commercial, Household.

Boric Acid Market is segmented By End-User into Tiles, Ceramic, and Fiberglass Manufacturers, Flame Retardants, Agriculture, Wood Preservation, Pharmaceuticals, Cosmetics. Among all the End–users, the manufacturers of ceramic and tiles and fiberglass segment are expected to contribute for the significant revenue share over the forecast period of 2014-2025, in the globally boric acid market.

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Boric Acid Market is segmented By Geographical Region into North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific except Japan, Japan, and the Middle East & Africa Among the all regions.  Eastern Europe and Japan also account for significant value share in the global boric acid market. The Key Players include 3M, Avantor Performance Material, BASF, Borax, Eti Maden, and Gujarat Boron Derivatives.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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