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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