Boric Acid Market - Top Companies and Manufacturers

  • Report ID: 6797
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Companies Dominating the Boric Acid Market

    Leading companies in the boric acid market are employing various organic and inorganic strategies to earn high profits. The product diversification tactics are aiding the companies to attract specific end use industries such as pharmaceuticals, cosmetics, and electronics by offering high-value boric acid solutions. They are also employing merger and acquisition strategies to expand their product offering and strengthen their market position. Using these tactics, the industry giants often acquire smaller companies or start-ups with advanced portfolios.

    Key players are targeting high-potential economics wherein agriculture, industrial, and urban activities are taking a boom. By establishing production facilities in such regions, they are able to capture the increasing demand opportunity and double their revenue shares. Strategic partnerships & collaborations are further helping boric acid market players to maximize their distribution networks.

    Some of the key players include:

    • 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Avantor Performance Materials Pvt Ltd
    • BASF SE
    • Borax
    • ETI Maden
    • Gujarat Boron Concern OJSC
    • Southern Agricultural Insecticides Inc,
    • Quiborax SA
    • American Borate Company
    • Searles Valley Minerals Inc.
    • 5E Advanced Materials, Inc. 

Browse Key Market Insights with Data Illustration:

In the News

  • In April 2024, 5E Advanced Materials, Inc. revealed the launch of its first production facility of boric acid with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex. The company initiated this move considering the rising demand for boric acid.
  • In March 2023, Borax announced the launch of Optibor BQ a powder-grade orthoboric acid. This high-pure solution is specifically designed for use in batteries and capacitors.

Author Credits:  Rajrani Baghel


  • Report ID: 6797
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global boric acid market will be valued at USD 1.3 billion in 2025.

Expanding at a CAGR of 5.8%, the global market is expected to increase from USD 1.2 billion in 2024 to USD 2.5 billion by 2037.

Some leading companies are 3M Company, Avantor Performance Materials Pvt Ltd, BASF SE, Borax, ETI Maden, and 5E Advanced Materials, Inc.

The fiberglass segment is estimated to capture a high 35.4% of the market share through 2037.

North America is expected to hold 44.0% of the global market share through 2037.
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