\"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. 
The global demand for insulation materials drives the boric acid market with increase in demand for residential and commercial applications. In addition, rise in building and construction owing to increase in macro-economic factors such as increase in per capita income has triggered the growth of the boric acid market. Furthermore, the rise in demand for boric acid in fiberglass insulation has majorly boosted the market growth, and this trend is expected to continue in the coming years. The growing demand for borate and boron products in the oil and gas sector as a viscosity and Ph modifier is likely to offer the boric acid market with growth opportunities. Furthermore, increase in demand for consumer electronics and glazed ceramics are projected to boost the demand for boric acid. However, the use of boric acid in personal care items is restricted under the European regulations, which have classified it under the category of a carcinogenic compound and this is likely to hinder the market growth. However, the increase in demand as an energy efficient compound coupled with the demand for borosilicate glass in cookware and laboratory applications are likely to create potential growth avenues for the market.
APAC accounted for the maximum market share and will continue to dominate the boric acid market during the forecast period. This increase corresponds to the rising demand for glass and fiberglass from construction and automotive industries in the region. Other aspects that propel market growth include the growing demand for boric acid in household insecticide products and industrial applications and their benefits as an antiseptic and wood preservative.
The Global Boric Acid Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Boric Acid Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Ricca Chemical
Etimine USA
Promega Corporation
Quiborax
Minera Santa Rita SRL (MSR)
Southern Agricultural Insecticides
Inkabor


In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Medical Grade
Industrial Grade
Others

In Market segmentation by applications :
Glass
Ceramics
Pharmaceutical
Pesticide
Fertilizer
Textile Industry
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Boric Acid Market for the forecast period 2023-2030?
• What are the driving forces in the Boric Acid Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Boric Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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