Fluoroboric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Fluoroboric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : December, 2019 | Chemical & Materials | PPT format

Report Digest

Global Fluoroboric Acid Market: Overview

Fluoroboric acid is a type of inorganic compound that has a chemical formula H3OBF4. The compound is an odorless, colorless, and poisonous liquid that is also called as tetrafluoroboric acid. It can be segmented into two grades such as pharmaceutical grade and industrial grade. The pharmaceutical grade fuloroboric acid is mainly used in the pharma industry to produce bulk drugs. It is also used as a catalyst compound in the manufacturing of etherifying acetals and cellulose, and also as a reagent. On the other hand, the industrial-grade fluoroboric acid has numerous industrial applications such as an etching agent in the manufacturing of printed circuits and electronic components, for electrodeposition in the electroplating sector, to clean up the metallic surfaces before the welding process, and to polish and brighten aluminum among others.

Global Fluoroboric Acid Market: Notable Developments

Some of the key developments in the global fluoroboric acid market are listed below:

  • In March 2019, Solvay launched a new product called Halar® ECTFE. It is a waterborne coating system. The system was launched with the aim to enhance the metal corrosion prevention applications for the industrial chemicals processing sector. The coating system has topcoat and a high adhesion primer. The coating system can be easily used by any standard liquid spray device.
  • Johnson Matthey (JM), one of the industry leaders in the global fluoroboric acid market entered into a long-term agreement for battery materials supply with Lithium Werks, a notable in the energy storage and battery industry. The agreement came into effect on April 2019 and will run for the next five years during which, JM will provide its LFP battery cathode material. The agreement was made with an aim to cater to the increasing demand from the consumers and industry for highly efficient energy storage technologies.
  • In June 2019, Atotech, an industry leader in the supply of equipment and specialty chemicals announced the launch of new production equipment. The equipment is called POLYGON PLB LINE.

Some of the most prominent competitors operating in the competitive landscape of global fluoroboric acid market include –

  • General Chemical Corp.
  • S. B. Chemicals
  • Shangrao Comprehensive Fluoride Chemical
  • Nantong Jinxing Fluorides Chemical
  • Jiangxi Dongyan Pharmaceutical Industry
  • Shandong Xingfu New Material
  • Derivados del Flúor (DDF)
  • Ozark Fluorine Specialities, Inc.

Global Fluoroboric Acid Market: Drivers and Restraints

Across the world, the overall consumption of inorganic chemical compounds such as fluoroboric acid is expected to grow at a steady pace. The growth of the global fluoroboric acid market is projected to be mainly driven by the increasing adoption of the chemical across a broad range of industries such as pharmaceutical and electroplating. Additionally, the increasing use of fluoroboric acid as a reagent and as a catalyst in chemical reactions is also helping to boost the growth of the market.

Global Fluoroboric Acid Market: Regional Outlook

From a geographical perspective, the fluoroboric acid market is segmented into key regions like the Asia Pacific, the Middle East, and Africa, Europe, North America, and Latin America. Of these mentioned regions, the highest growth potential is shown by the Asia Pacific region. This high growth potential is mainly due to the booming chemical industry of emerging economies such as India and China. On the other hand, North America and Europe are projected to witness steady growth during the given forecast period of 2018 to 2028 on account well-established R&D centers and consistent developments in the chemical industry.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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