Fluoroboric Acid Market

Fluoroboric Acid Market Overview

The fluoroboric acid market is projected to register a CAGR of 3.15% during the forecast period, up from US$ 2.12 Bn in 2021 to reach a valuation of US$ 3 Bn by 2032.

Due to increasing competition, the fluoroboric acid market is expected to exhibit excellent development possibilities throughout the projected period. New rivals are giving a range of solutions at competitive prices to meet the worldwide demand for fluoroboric acid, making it more accessible to customers.

Sales of fluoroboric acid are expected to rise significantly. In addition to this, demand for fluoroboric acid is rising on account of US$ 2.5 Bn by 2026. Increasing demand for fluoroboric acid is also projected to contribute to the growth of the fluoroboric acid market share.

Manufacturers in the fluoroboric acid market have access to a large platform from which to service the demand for fluoroboric acid market. The global fluoroboric acid market is becoming more competitive. As competition intensifies, new rivals are offering several solutions at competitive prices, making sales of fluoroboric acid easily accessible to customers.

The business models, major strategies, and respective fluoroboric acid market shares of some of the most notable companies in this sector are all examined in depth in this fluoroboric acid market report. 

The comprehensive analysis includes demand for fluoroboric acid market statistics in terms of revenues, segment-by-segment data, region-by-region data, and country-by-country data, as well as an in-depth commentary on the main affecting variables on sales of fluoroboric acid. This report is one of the most thorough documents available on the fluoroboric acid market.

What are the Key Drivers Contributing to the Fluoroboric Acid Market Share?

The usage of inorganic compounds such as fluoroboric acid is expected to expand steadily during the next few years all over the world. The increased popularity of this chemical across numerous applications such as electroplating, pharmaceuticals, and laboratory reagents, among others, is projected to boost the worldwide demand for fluoroboric acid.

The increasing sales of fluoroboric acid are due to being used as a raw material or chemical intermediary in the synthesis of numerous chemical compounds, such as pharmaceuticals, etherifying cellulose, and acetals, which is projected to drive increased demand for fluoroboric acid shortly.

Furthermore, the sales of fluoroboric acid in pharmaceutical formulations are expected to provide a solid foundation for the fluoroboric acid market to develop rapidly in the future years. However, because fluoroboric acid is a very dangerous chemical compound, government-issued licenses are necessary to manufacture it, and the restricted production and sales of fluoroboric acid are expected to be a hindrance to the fluoroboric acid market share throughout the projection period.

Which Region holds the Highest Growth Potential in the Fluoroboric Acid Market?

Due to the rapid increase in sales of fluoroboric acid in the chemical sector of the region's growing economies, such as China and India, the Asia Pacific is expected to account for a large part of the fluoroboric acid market consumption at present.

Demand for fluoroboric acid is increasing due to its use in a variety of applications, such as chemicals and pharmaceuticals, which is expected to increase sales of fluoroboric acid in the area throughout the forecast period.

Since well-established research and development centers in the pharmaceutical and healthcare industries, the worldwide fluoroboric acid market in North America and Europe is expected to rise at a significant rate during the projected period.

Furthermore, the sales of fluoroboric acid in Latin America are expected to develop at a healthy rate throughout the forecast period, owing to rising chemical consumption. In addition, the Middle East and Africa are expected to see a modest expansion in demand for fluoroboric acid as a result of the establishment of new research and development centres and laboratories for chemical formulation.

Nikhil Kaitwade

Principal Consultant

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Who are the Key Players in the Fluoroboric Acid Market?

Atotech USA, Inc., General Chemical Corp., Johnson Matthey, Inc., OMG Fidelity, Inc., Ozark Fluorine Specialities, Inc., Solvay Fluorides, LLC, Derivados del Flúor (DDF), JAY INTERMEDIATES AND CHEMICALS, S. B. Chemicals, Shangrao Comprehensive Fluoride Chemical, Harshil Fluoride, Jiangxi Qucheng Chemical Co., Ltd., Shandong Xingfu New Material, Jiangxi Dongyan Pharmaceutical Industry, SB Chemicals, Nantong Jinxing Fluorides Chemical are some of the leading participants in the fluoroboric acid market

Recent Developments in the Fluoroboric Acid Market:

• BASF SE stated in March 2021 that all grades of formic acid in North America will see a price rise of USD 0.05 per pound.
• Hydrofluoric acid is used to make fluoride, fluoropolymers, and fluorosurfactants, among other fluorinated derivatives. The fluorides Na3AlF6 and AlF3 are the most common fluorides generated by hydrofluoric acid. As a result of the developing aluminium sector, they are in great demand.

Scope of Report

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Key Segments For Fluoroboric Acid Market

By Product Type:

• Hydrogen Tetra-Fluoborate
• Tetrafluoroboric Acid
• Fluoboric Acid 50%

By Grade:

• Industrial-Grade
• Pharmaceutical Grade

By Application:

• Pharmaceuticals
• Chemicals
• Electroplating
• Others

By Region:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)