Thailand Boric Acid Market (2025-2031) Outlook | Trends, Value, Industry, Forecast, Companies, Analysis, Size, Revenue, Share & Growth

Market Forecast By Purity (<99%, ?99%), By Application (Flame Retardants, Ceramics And Fiberglass, Wood Preservatives, Nutritional Supplements, Pest Control, Others), By End-use (Pharmaceutical, Agricultural, Chemical Processing, Building & Construction, Nuclear, Others), By Distribution Channel (Wholesale, E-Commerce, Retail Shop) And Competitive Landscape
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 Competition 2023

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.

 Thailand Boric Acid Market Competition 2023

Thailand Export Potential Assessment For Boric Acid Market (Values in USD Thousand)


Thailand Export Potential Assessment For Boric Acid Market (Values in USD Thousand)

Thailand Boric Acid Market Synopsis

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.

Market Drivers

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.

Challenges of the Market

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.

Covid-19 Impact on the Market

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.

Key Highlights of the Report:

  • Thailand Boric Acid Market Outlook
  • Market Size of Thailand Boric Acid Market, 2024
  • Forecast of Thailand Boric Acid Market, 2031
  • Historical Data and Forecast of Thailand Boric Acid Revenues & Volume for the Period 2021-2031
  • Thailand Boric Acid Market Trend Evolution
  • Thailand Boric Acid Market Drivers and Challenges
  • Thailand Boric Acid Price Trends
  • Thailand Boric Acid Porter's Five Forces
  • Thailand Boric Acid Industry Life Cycle
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Purity for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By <99% for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By ?99% for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Flame Retardants for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Ceramics And Fiberglass for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Wood Preservatives for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Nutritional Supplements for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Pest Control for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By End-use for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Agricultural for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Chemical Processing for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Building & Construction for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Nuclear for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Distribution Channel for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Wholesale for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By E-Commerce for the Period 2021-2031
  • Historical Data and Forecast of Thailand Boric Acid Market Revenues & Volume By Retail Shop for the Period 2021-2031
  • Thailand Boric Acid Import Export Trade Statistics
  • Market Opportunity Assessment By Purity
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End-use
  • Market Opportunity Assessment By Distribution Channel
  • Thailand Boric Acid Top Companies Market Share
  • Thailand Boric Acid Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Boric Acid Company Profiles
  • Thailand Boric Acid Key Strategic Recommendations
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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

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