Technavio Announces the Publication of its Research Report Global Boric Acid Market 2016-2020
Technavio recognizes the following companies as the key players in the global boric acid market: 3M, Avantor Performance Materials, BASF, Borax, Eti Maden, and Gujarat Boron Derivatives.
Other prominent vendors in the market are: Minera Santa Rita (MSR), Quiborax, Russian Bor, Searles Valley Reserves, Sociedad Industrial Tierra, Societa Chimica Larderello (SCL), and Tomiyama Pure Chemical Industries.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is high demand for boric acid in energy saving appliances. The demand for boric acid used in energy-saving applications such as the insulation for commercial and residential buildings is on the rise. The compound is also used for energy generation from oil extraction and wind. In North America, especially in the US, the reduction in unemployment rates and stable income levels have increased construction activities. This factor along with an increase in consumer spending will foster the demand for boric acid, thereby driving the market growth during the forecast period.”
According to
the report, one of the primary drivers in the market is rapid urbanization.
Urbanization, energy needs, and the demand for food products globally are
fostering the global boric acid market. Urbanization and rising disposable
incomes, especially in developing economies, have elevated the demand for
glazed ceramics, electronic devices, and LCD televisions. These appliances
contain borosilicate glass and textile fiberglass.
Further, the report states that one major challenge in the market is ban on cosmetic products containing boric acid by EU. Cosmetic products containing boric acid are banned in EU legislation, and no exception to the ban has been granted. The compound has been classified as carcinogenic, mutagenic, or toxic for reproduction (CMR), by the grouping 1B of Regulation (EC) 790/2009 adjusting Regulation 1272/2008 on the classification, labeling, and packaging of substances and mixtures (CLP Regulation). This was as a result of being included in Part 3 of Annex VI of the CLP Regulation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that one major challenge in the market is ban on cosmetic products containing boric acid by EU. Cosmetic products containing boric acid are banned in EU legislation, and no exception to the ban has been granted. The compound has been classified as carcinogenic, mutagenic, or toxic for reproduction (CMR), by the grouping 1B of Regulation (EC) 790/2009 adjusting Regulation 1272/2008 on the classification, labeling, and packaging of substances and mixtures (CLP Regulation). This was as a result of being included in Part 3 of Annex VI of the CLP Regulation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Boric Acid
Boric acid is an odorless, nearly tasteless, and non-flammable compound. It is used as a minor antiseptic, anti-fungal agent, and insecticide for control of cockroaches, termites, fire ants, and fleas. It is also used in the manufacture of glass and fiberglass, halogen light bulbs, laboratory glassware and circuit boards, and in nuclear power plants to slow down the rate of the fission reaction.
Technavio’s analysts forecast the global boric acid market to grow at a CAGR of 7.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global boric acid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of boric acid in several industries including glass and fiberglass, pharmaceuticals and personal care products, flame retardants, wood preservatives and pest control, nutritional supplements, and other segments by considering 2015 as the base year.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Boric Acid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• 3M
• Avantor Performance Materials
• BASF
• Borax
• Eti Maden
• Gujarat Boron Derivatives
Other prominent vendors
• Minera Santa Rita (MSR)
• Quiborax
• Russian Bor
• Searles Valley Reserves
• Sociedad Industrial Tierra
• Societa Chimica Larderello (SCL)
• Tomiyama Pure Chemical Industries
Market driver
• Rising demand from fiberglass and other end-user segments.
• For a full, detailed list, view our report
Market challenge
• Toxicity and bioaccumulation potential of boric acid.
• For a full, detailed list, view our report
Market trend
• Production of boric acid from ulexite using trona.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Boric acid is an odorless, nearly tasteless, and non-flammable compound. It is used as a minor antiseptic, anti-fungal agent, and insecticide for control of cockroaches, termites, fire ants, and fleas. It is also used in the manufacture of glass and fiberglass, halogen light bulbs, laboratory glassware and circuit boards, and in nuclear power plants to slow down the rate of the fission reaction.
Technavio’s analysts forecast the global boric acid market to grow at a CAGR of 7.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global boric acid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of boric acid in several industries including glass and fiberglass, pharmaceuticals and personal care products, flame retardants, wood preservatives and pest control, nutritional supplements, and other segments by considering 2015 as the base year.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Boric Acid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• 3M
• Avantor Performance Materials
• BASF
• Borax
• Eti Maden
• Gujarat Boron Derivatives
Other prominent vendors
• Minera Santa Rita (MSR)
• Quiborax
• Russian Bor
• Searles Valley Reserves
• Sociedad Industrial Tierra
• Societa Chimica Larderello (SCL)
• Tomiyama Pure Chemical Industries
Market driver
• Rising demand from fiberglass and other end-user segments.
• For a full, detailed list, view our report
Market challenge
• Toxicity and bioaccumulation potential of boric acid.
• For a full, detailed list, view our report
Market trend
• Production of boric acid from ulexite using trona.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table
of content: https://marketreportscenter.com/reports/456011/global-boric-acid-
About
Us:
Market Reports Center is an e-commerce
platform obliging the needs of knowledge workers, experts, professionals who
are subject to market research information for their work, or to make strategic
business decisions. Market Reports Center’s team consistently works to update
and extend our existing repository of market research reports by partnering
with new publishers and adding their studies to our website.
Contact us for more details:
Sam
Collins
Market Reports Center
Phone
No: 1-646-883-3044 (US)
No comments:
Post a Comment