Boric Acid Market Analysis

End user (Tiles, Ceramics, Fiberglass, Flame Retardants, Agriculture, Wood Preservation, Pharmaceuticals, Cosmetics)

Fiberglass segment is projected to hold boric acid market share of over 35.4% by the end of 2037. The flame retardant quality of boric acid is majorly driving its use in fiberglass making. It makes the fiberglass more suitable for applications that require a high level of fire safety such as construction materials, electrical insulation, aircraft parts, and automotive components. Reduction in resin shrinkage and improved strength & mechanical properties are further contributing to the use of boric acid in fiberglass production.

For instance, the report by the National Institutes of Health (NIH) reveals that the boric acid consumption in textile-grade glass fibers is 35% and 20% in borosilicate glasses. The Bureau of Labor Statistics estimates that the top-paying industry for fiberglass laminators and fabricators in the U.S. is aerospace products and parts manufacturing. Furthermore, the global demand for glass fiber was valued at USD 18.18 billion in shipments, in 2023.

Application (Industrial, Household)

In boric acid market, industrial segment is anticipated to dominate revenue share of over 72% by 2037. The versatility of boric acid is primarily boosting its use in industrial facilities. Antiseptic & disinfectant, lubricant & greases, glass & ceramic, pest control, and agriculture are some of the prime end use industries of boric acid. In industrial applications, boric acid is widely used in lubricants to improve their performance and thermal conductivity. The growing automation and machinery-intensive processes across several industries including automotive and manufacturing are driving healthy demand for boric acid-based lubricants.

Our in-depth analysis of the boric acid market includes the following segments: