Product Code: ETC13136719 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Boric Acid Market was valued at USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Boric Acid Market is witnessing steady growth, driven by increasing demand from various end-use industries such as pharmaceuticals, ceramics, agriculture, and textiles. Boric acid is a versatile compound used in a wide range of applications including flame retardants, antiseptics, and as a precursor in the production of boron-containing compounds. The market is also benefiting from the growing awareness regarding the benefits of boric acid in agricultural practices for crop protection and soil treatment. Asia-Pacific region, particularly China, is a major producer and consumer of boric acid due to its expanding industrial base and agriculture sector. The market is characterized by key players focusing on product innovation, strategic partnerships, and expanding their global presence to capitalize on the increasing demand for boric acid across various sectors.
The global boric acid market is witnessing steady growth due to its diverse applications across various industries such as agriculture, pharmaceuticals, and ceramics. One of the key trends in the market is the increasing demand for boric acid in the production of fiberglass, as it is used as a flame retardant and corrosion inhibitor. Additionally, the growing awareness about the benefits of boric acid in agriculture as a micronutrient for crop protection and soil treatment is driving its demand. Furthermore, the rise in research and development activities to explore new applications of boric acid in industries such as cosmetics and textiles presents opportunities for market growth. Companies are focusing on expanding their production capacities and geographical presence to cater to the increasing demand, especially in regions like Asia Pacific and North America.
The Global Boric Acid Market faces several challenges, including fluctuating raw material prices, stringent environmental regulations, and increasing competition from alternative products. The volatility of raw material prices, such as boron minerals, can impact the overall production cost and profit margins of boric acid manufacturers. Additionally, strict environmental regulations regarding the handling and disposal of boric acid present compliance challenges for companies operating in the market. Furthermore, the emergence of substitutes and alternative products in various applications, such as borax and boron-based polymers, poses a threat to the market share of boric acid. To stay competitive and address these challenges, companies in the Global Boric Acid Market need to focus on innovation, sustainable production practices, and strategic partnerships to secure their position in the market.
The global boric acid market is primarily driven by the increasing demand from end-use industries such as glass, ceramics, agriculture, and pharmaceuticals. Boric acid is widely used in the production of glass and ceramics due to its properties of enhancing strength and durability. In the agriculture sector, it is utilized as a fertilizer and pesticide, contributing to its market growth. Additionally, the expanding pharmaceutical industry, where boric acid is utilized in ointments and eye drops, is further propelling market demand. Moreover, the rising awareness regarding the benefits of boric acid in various applications, coupled with its eco-friendly nature and versatile properties, is expected to drive the market growth in the forecast period.
Government policies related to the global boric acid market primarily focus on regulating its production, trade, and use due to its importance in various industries such as glass, ceramics, and agriculture. Regulatory bodies such as the Environmental Protection Agency (EPA) in the United States and the European Chemicals Agency (ECHA) in the European Union enforce guidelines to ensure the safe handling and disposal of boric acid to protect human health and the environment. Additionally, tariffs, import/export restrictions, and quality control measures may be implemented by governments to maintain market stability and prevent unfair trade practices. Overall, government policies play a crucial role in shaping the global boric acid market by promoting sustainability, safety, and fair competition among industry players.
The Global Boric Acid Market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries such as agriculture, pharmaceuticals, and ceramics. The market is projected to be driven by the expanding application scope of boric acid in sectors like personal care products and detergents, as well as its use as a flame retardant in polymers. Additionally, the growing awareness regarding the benefits of boric acid in pest control and wood preservation is likely to further boost market growth. However, fluctuations in raw material prices and stringent regulations related to boric acid usage may pose challenges to market expansion. Overall, the Global Boric Acid Market is anticipated to exhibit moderate growth with opportunities for innovation and product development driving industry growth.
The global boric acid market is experiencing varying trends across different regions. In Asia, particularly in countries like China and India, the market is witnessing significant growth due to the expanding industrial sectors and increasing demand for boric acid in agriculture and construction applications. In North America, the market is driven by the growing adoption of boric acid in the manufacturing of glass, ceramics, and detergents. In Europe, the market is characterized by stringent regulations promoting the use of environmentally friendly products, driving the demand for boric acid in various industries. The Middle East and Africa region is experiencing steady growth in the boric acid market, supported by the expanding mining activities and agriculture sector. In Latin America, the market is witnessing moderate growth due to the rising applications of boric acid in industries such as textiles, pharmaceuticals, and automotive.
Global Boric Acid Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Boric Acid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Boric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Global Boric Acid Market - Industry Life Cycle |
3.4 Global Boric Acid Market - Porter's Five Forces |
3.5 Global Boric Acid Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Boric Acid Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.7 Global Boric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Boric Acid Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.9 Global Boric Acid Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Boric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Boric Acid Market Trends |
6 Global Boric Acid Market, 2021 - 2031 |
6.1 Global Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Boric Acid Market, Revenues & Volume, By <99%, 2021 - 2031 |
6.1.3 Global Boric Acid Market, Revenues & Volume, By 99%, 2021 - 2031 |
6.2 Global Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Boric Acid Market, Revenues & Volume, By Flame Retardants, 2021 - 2031 |
6.2.3 Global Boric Acid Market, Revenues & Volume, By Ceramics And Fiberglass, 2021 - 2031 |
6.2.4 Global Boric Acid Market, Revenues & Volume, By Wood Preservatives, 2021 - 2031 |
6.2.5 Global Boric Acid Market, Revenues & Volume, By Nutritional Supplements, 2021 - 2031 |
6.2.6 Global Boric Acid Market, Revenues & Volume, By Pest Control, 2021 - 2031 |
6.2.7 Global Boric Acid Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Boric Acid Market, Revenues & Volume, By Pharmaceutical, 2021 - 2031 |
6.3.3 Global Boric Acid Market, Revenues & Volume, By Agricultural, 2021 - 2031 |
6.3.4 Global Boric Acid Market, Revenues & Volume, By Chemical Processing, 2021 - 2031 |
6.3.5 Global Boric Acid Market, Revenues & Volume, By Building & Construction, 2021 - 2031 |
6.3.6 Global Boric Acid Market, Revenues & Volume, By Nuclear, 2021 - 2031 |
6.3.7 Global Boric Acid Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Boric Acid Market, Revenues & Volume, By Wholesale, 2021 - 2031 |
6.4.3 Global Boric Acid Market, Revenues & Volume, By E-Commerce, 2021 - 2031 |
6.4.4 Global Boric Acid Market, Revenues & Volume, By Retail Shop, 2021 - 2031 |
7 North America Boric Acid Market, Overview & Analysis |
7.1 North America Boric Acid Market Revenues & Volume, 2021 - 2031 |
7.2 North America Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Boric Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Boric Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Boric Acid Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
7.4 North America Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
7.6 North America Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Boric Acid Market, Overview & Analysis |
8.1 Latin America (LATAM) Boric Acid Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Boric Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Boric Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Boric Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Boric Acid Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
8.4 Latin America (LATAM) Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
8.6 Latin America (LATAM) Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Boric Acid Market, Overview & Analysis |
9.1 Asia Boric Acid Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Boric Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Boric Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Boric Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Boric Acid Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
9.4 Asia Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
9.6 Asia Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Boric Acid Market, Overview & Analysis |
10.1 Africa Boric Acid Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Boric Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Boric Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Boric Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Boric Acid Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
10.4 Africa Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
10.6 Africa Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Boric Acid Market, Overview & Analysis |
11.1 Europe Boric Acid Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Boric Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Boric Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Boric Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Boric Acid Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
11.4 Europe Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
11.6 Europe Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Boric Acid Market, Overview & Analysis |
12.1 Middle East Boric Acid Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Boric Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Boric Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Boric Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Boric Acid Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Boric Acid Market, Revenues & Volume, By Purity, 2021 - 2031 |
12.4 Middle East Boric Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Boric Acid Market, Revenues & Volume, By End-use, 2021 - 2031 |
12.6 Middle East Boric Acid Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Boric Acid Market Key Performance Indicators |
14 Global Boric Acid Market - Export/Import By Countries Assessment |
15 Global Boric Acid Market - Opportunity Assessment |
15.1 Global Boric Acid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Boric Acid Market Opportunity Assessment, By Purity, 2021 & 2031F |
15.3 Global Boric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Boric Acid Market Opportunity Assessment, By End-use, 2021 & 2031F |
15.5 Global Boric Acid Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Boric Acid Market - Competitive Landscape |
16.1 Global Boric Acid Market Revenue Share, By Companies, 2024 |
16.2 Global Boric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |