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

  • Single User License $3500

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

Status : March, 2023 | Chemical & Materials

Report Digest

Global Fluoroboric Acid Market: Snapshot

The fluoroboric acid market has been anticipated to experience innumerable growth opportunities in the upcoming years. This market growth can be attributed to the growing use of consumption of different inorganic chemical compounds, for example, fluroroboric acid. In addition to this, the rising adoption of chemicals across different industries, for example, electroplating and pharmaceutical are also anticipated to fuel growth opportunities in the fluoroboric acid market. The growing use of fluroroboric acid as a catalyst and as a reagent in chemical reactions has been estimated to fuel growth impetus in the fluoroboric acid market.

Fluroboric acid serves as the inorganic compound type, which has the chemical formula H3OBF4. This compound is poisonous, colorless, and odorless liquid and it is addressed as tetrafluroboric acid. Further, it has been bifurcated into two different grades named industrial grade and pharmaceutical grade. Industrial-grade fluroboric acid is used across different industries, for instance, as the etching agent to manufacture electronic compounds and printed circuits. In addition to this, it is also used for electrodeposition in electroplating sector and for the polishing and brightening of aluminum. Further, the same can be used for the cleaning of the metallic surfaces before the welding process. On the other hand, the pharmaceutical grade of fuloroboric acid is commonly used in the pharma industry for the production of bulk drugs. It has also been used as the catalyst compound to manufacture etherifying cellulose and acetals. Furthermore, the same acid has also been applied as the reagent. Thus, based on these wide applications, the fluoroboric acid market has been estimated to experience significant growth opportunities in the years to come.  

Based on regions, the fluoroboric acid market is spread across North America, the Middle East & Africa, Europe, Latin America, and Asia Pacific. Among these, the Asia Pacific region is predicted to have a dominating position in the fluoroboric acid market. This growth in the fluoroboric acid market can be attributed to the booming chemical industry among emerging economies.   

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?