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 : May, 2021 | Chemical & Materials

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?