Product Code: ETC082304 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Thailand Boric Acid market currently, in 2023, has witnessed an HHI of 4922, Which has increased substantially as compared to the HHI of 1691 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The boric acid market in Thailand has shown steady growth, driven by the country`s expanding chemical and manufacturing industries, as well as the diverse applications of boric acid in various sectors. Boric acid, a white crystalline compound, finds wide usage as a flame retardant, insecticide, preservative, and in the production of various chemical compounds. In Thailand, the demand for boric acid has been influenced by its use in agricultural applications as a micronutrient fertilizer. Additionally, the construction and ceramics industries have also contributed to the market`s expansion, as boric acid is used as a flux and a component in specialty glass and ceramics.
Several factors have driven the growth of the boric acid market in Thailand. Firstly, the country`s growing agriculture sector and the increasing focus on sustainable agricultural practices have led to an increased demand for boric acid as a micronutrient fertilizer. Boron, derived from boric acid, is essential for plant growth and plays a vital role in supporting crop yields. Secondly, the use of boric acid as a flame retardant in various industries, including textiles and plastics, has contributed to its market growth. The increasing awareness of fire safety regulations and the need for flame-resistant materials drive the demand for boric acid in these applications.
While the boric acid market in Thailand shows steady growth, it also faces certain challenges. One of the primary hurdles is the competition from alternative micronutrient fertilizers and flame retardant chemicals. Manufacturers and industries may explore other options that offer similar benefits at competitive prices. To maintain market share, boric acid producers need to showcase its unique properties and advantages over other chemicals in specific applications. Additionally, fluctuations in boric acid prices, influenced by global market dynamics and raw material costs, can impact the profitability of boric acid-based industries in Thailand.
The Covid-19 pandemic had mixed impacts on the boric acid market in Thailand. During the initial stages of the pandemic, disruptions in supply chains and reduced industrial activities affected the demand for boric acid from various sectors. The economic uncertainties also led to cautious spending on non-essential chemicals and materials. However, as the situation improved and industries resumed operations, the demand for boric acid recovered. Moreover, the emphasis on agricultural productivity and fire safety during the pandemic further supported the adoption of boric acid in relevant applications.
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 Thailand Boric Acid Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Boric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Boric Acid Market - Industry Life Cycle |
3.4 Thailand Boric Acid Market - Porter's Five Forces |
3.5 Thailand Boric Acid Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 Thailand Boric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Boric Acid Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.8 Thailand Boric Acid Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Thailand Boric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Boric Acid Market Trends |
6 Thailand Boric Acid Market, By Types |
6.1 Thailand Boric Acid Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 Thailand Boric Acid Market Revenues & Volume, By Purity, 2018 - 2031F |
6.1.3 Thailand Boric Acid Market Revenues & Volume, By <99%, 2018 - 2031F |
6.1.4 Thailand Boric Acid Market Revenues & Volume, By ?99%, 2018 - 2031F |
6.2 Thailand Boric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Boric Acid Market Revenues & Volume, By Flame Retardants, 2018 - 2031F |
6.2.3 Thailand Boric Acid Market Revenues & Volume, By Ceramics And Fiberglass, 2018 - 2031F |
6.2.4 Thailand Boric Acid Market Revenues & Volume, By Wood Preservatives, 2018 - 2031F |
6.2.5 Thailand Boric Acid Market Revenues & Volume, By Nutritional Supplements, 2018 - 2031F |
6.2.6 Thailand Boric Acid Market Revenues & Volume, By Pest Control, 2018 - 2031F |
6.2.7 Thailand Boric Acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Thailand Boric Acid Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Thailand Boric Acid Market Revenues & Volume, By Pharmaceutical, 2018 - 2031F |
6.3.3 Thailand Boric Acid Market Revenues & Volume, By Agricultural, 2018 - 2031F |
6.3.4 Thailand Boric Acid Market Revenues & Volume, By Chemical Processing, 2018 - 2031F |
6.3.5 Thailand Boric Acid Market Revenues & Volume, By Building & Construction, 2018 - 2031F |
6.3.6 Thailand Boric Acid Market Revenues & Volume, By Nuclear, 2018 - 2031F |
6.3.7 Thailand Boric Acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.4 Thailand Boric Acid Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Thailand Boric Acid Market Revenues & Volume, By Wholesale, 2018 - 2031F |
6.4.3 Thailand Boric Acid Market Revenues & Volume, By E-Commerce, 2018 - 2031F |
6.4.4 Thailand Boric Acid Market Revenues & Volume, By Retail Shop, 2018 - 2031F |
7 Thailand Boric Acid Market Import-Export Trade Statistics |
7.1 Thailand Boric Acid Market Export to Major Countries |
7.2 Thailand Boric Acid Market Imports from Major Countries |
8 Thailand Boric Acid Market Key Performance Indicators |
9 Thailand Boric Acid Market - Opportunity Assessment |
9.1 Thailand Boric Acid Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 Thailand Boric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Boric Acid Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.4 Thailand Boric Acid Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Thailand Boric Acid Market - Competitive Landscape |
10.1 Thailand Boric Acid Market Revenue Share, By Companies, 2024 |
10.2 Thailand Boric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |