Why did the Boric Acid Price Change in July 2025? India's Boric Acid Price Index recorded a mixed trend during Q2 2025 as it went up by 2% compared to Q1 and closed at INR 95,900/MT, CFR JNPT, due to gains during April and May being reversed by a fall during June with changing demand and supply patterns.

Get the latest insights on price movement and trend analysis of Boric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The boric acid market size is anticipated to reach USD 1,438.1 million by 2034 and rise at a market growth rate of 5.4% CAGR during the projected period. In 2024, the industry value stands at USD 851.7 million. The essential factors accountable for expanding revenue include rapid industrialization and increased construction activities across the globe. The excellent chemical properties of boracic acid provide multiple benefits.

Attributes	Description
Estimated Global Boric Acid Market Size (2024E)	USD 851.7 million
Projected Global Boric Acid Market Value (2034F)	USD 1,438.1 million
Value-based CAGR (2024 to 2034)	5.4%

Country wise insights

Countries	CAGR 2024 to 2034
United State	3%
Canada	3.3%
Germany	2.5%
United Kingdom	2.1%
Italy	3.5%
Spain	4%
France	3.8%
China	6%
Japan	2.3%
South Korea	2.4%
India	8%
Australia	2%

Category-wise insights

Segment	Tiles, Ceramic, and Fiberglass Manufacturers (End User)
Value Share (2024)	26.2%

Segment	Industrial/Commercial (Application)
Value Share (2024)	63.4%

In 2021, the U.S. market for oxides of boron and boric acids decreased by -5.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

High Purity Boric Acid Market size was valued at USD 0.04 Billion 2023 and is projected to reach USD 1.23 Billion by 2030, growing at a CAGR of 4.3% during the forecasted period 2024 to 2030

Global High Purity Boric Acid Market Drivers

The growth and development of the High Purity Boric Acid Market drivers. These factors have a big impact on how High Purity Boric Acid are demanded and adopted in different sectors. Several of the major market forces are as follows:

Growing Demand in End-use Industries: High Purity Boric Acid is used in a number of industries, such as electronics, ceramics, medicines, and agriculture. The need for boric acid with high purity may increase as these industries expand.

Applications in Agriculture: Boric acid is utilised as a micronutrient for crops in agriculture. The requirement for high-quality crops and growing awareness of sustainable agricultural methods could drive up demand for high-purity boric acid.

Pharmaceutical and Cosmetics Industries: Boric acid's antibacterial and astringent qualities are employed in the pharmaceutical and cosmetics industries. Changes in consumer preferences and health trends may propel growth in these businesses, which in turn may affect the demand for high-purity boric acid.

Supply Chain Efficiency: The availability and cost of high-purity boric acid can be impacted by the effectiveness of the supply chain, which includes everything from the extraction of raw materials to manufacture and distribution.

Technological Advancements: New uses for high-purity boric acid or improvements to manufacturing techniques can propel market expansion. New applications in a variety of industries can result from research and development efforts.

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Boric Acid Market Size 2024-2028

The boric acid market size is forecast to increase by USD 262.8 million at a CAGR of 5.9% between 2023 and 2028. The market is witnessing significant growth due to the versatile properties of this chemical compound, which make it a sought-after ingredient in various industries. Hydrogen borate, a derivative of boric acid, is gaining popularity as a soil amendment, particularly in agriculture applications. In the pharmaceuticals sector, boric acid is used as a preservative and an antiseptic. The renewable energy sector is also driving market growth, as boric acid is a crucial component in nuclear reactors as a neutron moderator and coolant. Additionally, boric acid finds extensive applications in ceramics and textiles industries, further fueling market expansion. However, stringent regulations and policies regarding the handling and disposal of boric acid are posing challenges to market growth. Despite these challenges, the market is expected to continue its upward trajectory, driven by the increasing demand from developing countries and the expanding applications in various industries.

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The market plays a crucial role across various industries, including pharmaceuticals, ceramics, and textiles, highlighting its versatility in applications. As the construction and glass industries experience growth, boric acid is valued for its flame-retardant properties and corrosion inhibition. Environmental concerns and health concerns have prompted the development of biodegradable products, aligning with corporate sustainability initiatives. In agriculture, boric acid addresses soil deficiency, promoting plant growth while mitigating environmental impact. However, fluctuating boron prices pose challenges for manufacturers. Additionally, domestic tariffs can influence market dynamics. As sectors continue to expand, the demand for boric acid will likely rise, reflecting its importance in enhancing product performance and sustainability across multiple applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Glass and ceramics
  Agriculture
  Detergents
  Others


End-user

  Industrial
  Household


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Application Insights

The glass and ceramics segment is estimated to witness significant growth during the forecast period. Boric acid, a micronutrient, plays a crucial role in various industries due to its unique properties. In the realm of glass production, it functions as an effective fluxing agent, lowering the viscosity, melting point, and thermal expanding coefficient, thereby enhancing transparency, heat resistance, breakage index, and brightness. The burgeoning applications of boron trioxide in borosilicate glass, textile fiberglass, and industrial fiberglass (IFG) are projected to fuel the expansion of The market. In the realm of fiberglass production, boric acid improves fiberizing efficiency and enhances the fluxing capabilities of the batch. The escalating demand for energy-efficient structures is anticipated to boost the demand for boric acid during the forecast period.

Further, the integration of advanced materials across various industries is driving significant growth and innovation. In pharmaceuticals applications, novel ceramics are enhancing drug delivery systems, while textiles are being engineered for better biocompatibility and antimicrobial properties, including antiseptics that improve patient outcomes. Agricultural activities benefit from smart textiles applications, and automotive that utilize lightweight ceramics for improved efficiency and performance. The construction applications sector is experiencing a boom, leveraging advanced materials for sustainable building solutions, and the electronics industry is rapidly evolving with the use of ceramics applications for capacitors and insulators. This cross-industry synergy is propelling growth in the construction, glassindustry growth, and textile industry growth, as they adapt to increasing demands for durability, functionality, and sustainability.

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The glass and ceramics segment accounted for USD 430.00 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market s

The Global Boric Acid Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 809.6 kilo tonnes, experiencing a growth of 4.5% (2019-2022). Boron, an essential micronutrient, is suppl

For the third consecutive year, the EU market for oxides of boron and boric acids recorded growth in sales value, which increased by 18% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

The enriched boric acid market, currently valued at $51 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 15.4% from 2025 to 2033. This expansion is driven by increasing demand from key industries such as the nuclear power sector (for neutron absorption in reactor control), the glass and ceramics industry (for strengthening and enhancing properties), and the chemical industry (as a precursor in various chemical processes). Furthermore, advancements in purification techniques leading to higher-purity enriched boric acid are fueling market growth. The competitive landscape includes established players like 3M and Stella Chemifa, alongside regional players like Dalian Boronten Sci&Tech and Liaoning Honghao Chemical, suggesting a mix of global and regional market influence. While specific segment details are unavailable, it's plausible to assume segmentation based on purity levels (e.g., high-purity, ultra-high purity) and application areas, further shaping the market dynamics. The forecast period (2025-2033) anticipates significant market expansion, driven by technological advancements and increasing applications in emerging industries. Despite the positive growth outlook, potential restraints could include price volatility of raw materials, stringent environmental regulations surrounding boric acid production and handling, and potential competition from alternative materials with similar functionalities. However, ongoing research and development efforts aimed at improving production efficiency and exploring new applications are likely to mitigate these challenges. The regional distribution likely reflects varying levels of industrial development and application-specific needs across geographical regions, with North America and Asia potentially exhibiting strong market share due to their established industries. Further detailed regional data would allow for a more precise analysis, but based on the available information, a strong growth trajectory is anticipated.

Summary
?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 xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Boric Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Boric Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Ricca Chemical
Etimine USA
Promega Corporation
Quiborax
Minera Santa Rita SRL (MSR)
Southern Agricultural Insecticides
Inkabor
By the product type, the market is primarily split into
Medical Grade
Industrial Grade
Others
By the end users/application, this report covers the following segments
Glass
Ceramics
Pharmaceutical
Pesticide
Fertilizer
Textile Market

The global Boric Acid market stood at approximately 979 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 5.23% during the forecast period until 2035.

Boric Acid and Borates Market Outlook

The global boric acid and borates market size was valued at USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is driven by the increasing demand for boric acid and borates in various industries, including agriculture, healthcare, and construction, alongside the rising awareness about their multifaceted applications in various end-user sectors.

One of the primary growth factors is the robust demand in the glass and ceramics industry. Boric acid and borates are essential in the manufacturing processes of glass and ceramics, where they are used to improve durability, chemical resistance, and thermal properties. The growing construction industry, coupled with increasing urbanization, particularly in developing regions, is expected to fuel the demand for glass and ceramics, thereby propelling the boric acid and borates market. Additionally, advancements in the manufacturing techniques of glass and ceramics are likely to enhance the consumption of these compounds, further supporting market growth.

Another significant growth driver is the increasing use of boric acid and borates in agriculture. These compounds are widely used as micronutrients in fertilizers to support plant growth and improve crop yield. As the global population continues to rise, the demand for food production is escalating, thereby driving the need for efficient agricultural practices. Boric acid and borates play a crucial role in addressing micronutrient deficiencies in soil, promoting healthier crop production. This agricultural application is expected to significantly contribute to the market's expansion over the forecast period.

Moreover, the pharmaceutical industry is increasingly adopting boric acid and borates due to their antiseptic and buffering properties. These compounds are utilized in the formulation of various pharmaceutical products, including eye drops, antiseptics, and cosmetics. The rising prevalence of chronic diseases and the growing awareness regarding personal hygiene and healthcare are expected to bolster the demand for boric acid and borates in the pharmaceutical sector. Additionally, innovations in drug delivery systems and the development of new therapeutic formulations are anticipated to create further growth opportunities for these compounds.

From a regional perspective, Asia Pacific is expected to dominate the boric acid and borates market during the forecast period. The region's rapid industrialization, coupled with significant investments in construction and infrastructure development, is driving the demand for boric acid and borates. Countries like China and India are witnessing substantial growth in their construction and agricultural sectors, which is expected to propel market growth. Additionally, the presence of a large number of manufacturers and the availability of raw materials at competitive prices are likely to enhance the market's expansion in this region.

Product Type Analysis

The boric acid and borates market can be segmented by product type into boric acid, borax, sodium perborate, and others. Each of these product types has distinct applications and benefits, contributing to the overall market growth. Boric acid is one of the most widely used types, primarily due to its extensive applications in the glass and ceramics industry. Its ability to enhance the properties of glass and ceramics makes it indispensable in the manufacturing sector. The growing demand for high-quality glass and ceramics in construction and automotive industries is expected to drive the boric acid segment.

Anhydrous Borax, a dehydrated form of borax, plays a crucial role in various industrial applications due to its unique properties. It is particularly valued in metallurgy for its ability to act as a flux, which helps in cleaning and protecting metal surfaces during welding and soldering processes. This compound is also used in the production of specialty glasses and ceramics, where it enhances thermal and mechanical properties. The demand for anhydrous borax is expected to rise with the increasing need for high-performance materials in sectors such as electronics and automotive, where durability and resistance to thermal stress are paramount. Additionally, ongoing research into new applications for anhydrous borax is likely to open up further opportunities for its use in advanced manufacturing proc

In 2021, the Turkish market for oxides of boron and boric acids decreased by -34.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

The Global Boric Acid Market size is expected to be worth around USD 1.66 Billion by 2033, from USD 0.94 Billion in 2023

The global boric acid compound market is experiencing robust growth, driven by increasing demand across diverse sectors. While the precise market size in 2025 isn't provided, considering typical CAGR values in the chemical industry (let's assume a conservative 5% for illustrative purposes) and a hypothetical 2019 market size of $2 billion, the 2025 market size could be estimated at approximately $2.6 billion. This growth trajectory is projected to continue through 2033, with the compound annual growth rate (CAGR) expected to remain relatively strong. Key drivers include the burgeoning pharmaceutical industry's reliance on boric acid as a crucial ingredient in various formulations, alongside its widespread application in chemical processes and materials science. The rise of advanced materials and specialized chemicals further contributes to market expansion. Segmentation reveals a significant share held by anhydrous borate due to its versatile properties and applications in diverse sectors. However, the market faces certain restraints, primarily linked to fluctuations in raw material prices and environmental regulations. The increasing emphasis on sustainable manufacturing practices is pushing companies to explore eco-friendly production methods and reduce their environmental footprint. This could influence the adoption of certain boric acid compound types and necessitate investments in more sustainable processes. Despite these challenges, the continuous innovation in boric acid applications and the expansion into new markets, particularly in developing economies experiencing industrial growth, are likely to offset these restraints and maintain a positive growth trajectory for the foreseeable future. The competitive landscape comprises both established players and emerging companies, contributing to a dynamic and innovative market environment.

The industrial boric acid market is poised to expand significantly over the forecast period, reaching a projected value of millions by 2033, exhibiting a steady CAGR. The rising demand for boric acid in various industrial applications, coupled with the growing nuclear industry, is driving market growth. Additionally, the increasing adoption of boric acid in emerging economies presents lucrative opportunities for market expansion. The market is segmented based on purity, application, and region. By purity, it is divided into ≥99% and below 99%. General industrial use and the nuclear industry are the primary application segments. Regionally, North America and Europe hold significant market shares, while Asia Pacific is expected to witness substantial growth due to the increasing industrialization and nuclear power development in the region. Major market players include Rose Mill Materials Manufacturing, Organic Group, and CJ Chemicals, among others. The market is characterized by intense competition, with these companies engaging in strategic collaborations and innovations to gain a competitive edge.

The North America Boric Acid Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 202.7 kilo tonnes, showcasing a growth of 3.9% (2019-2022). Boric acid is widely employed as a natural and effective ins

Global Boric Acid market size 2021 was recorded $934.88 Million whereas by the end of 2025 it will reach $1169.7 Million. According to the author, by 2033 Boric Acid market size will become $1831.1. Boric Acid market will be growing at a CAGR of 5.762% during 2025 to 2033.

The global industrial grade boric acid market is experiencing robust growth, driven by increasing demand from key sectors like glass manufacturing, flame retardants, and fertilizers. The market size in 2025 is estimated at $1.5 billion, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including the expansion of the construction industry (driving demand for glass), stringent fire safety regulations (boosting the demand for flame retardants), and the growing need for efficient fertilizers in agriculture. Emerging economies in Asia-Pacific are also contributing significantly to market expansion, particularly China and India, which are experiencing rapid industrialization and infrastructure development. However, the market faces certain restraints, including price volatility of raw materials (boron ore) and environmental concerns associated with boron mining and processing. Nevertheless, the consistent demand from established applications and the exploration of new applications in specialized areas, like nuclear power and electronics, are expected to mitigate these challenges. Leading players such as Eti Maden, Rio Tinto, and Sinochem are strategically investing in capacity expansion and technological advancements to meet the growing market demands and improve operational efficiency. The segmentation of the market, encompassing various forms of boric acid (e.g., granular, powder) and applications, further reveals diverse growth opportunities across different sectors and regions. This intricate interplay of drivers, restraints, and segmentation contributes to the dynamic and promising nature of the global industrial grade boric acid market.

Boric Acid Market is expected to grow at a high CAGR during the forecast period 2024-2031 | DataM Intelligence