“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 are 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.
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.
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Boric acid is used in
energy-saving applications and as insulation of commercial and residential
buildings. Another benefit of Boric acid is that it is used in the generation
of energy from oil extracts and the wind. In the U.S., it is observed that the
reduction in unoccupied rates and stable income levels have increased the
construction activities of residential and commercial activities. The
“Industrial and commercial” segment has a significant growth rate and it is
expected to have a substantial growth rate during the forecast period.
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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