Fluoroboric Acid Market to Reflect Impressive Growth Rate During 2019 – 2029

Fluoroboric Acid Market: Introduction:

Fluoroboric acid is an inorganic compound with the chemical formula H3OBF4. It is a colorless odorless poisonous liquid also known as tetrafluoroboric acid. Moreover, the fluoroboric acid can be categorized in two grades such as, industrial grade and pharmaceutical grade. The industrial grade fluoroboric acid is used for several industrial applications like, for electrodeposition in electroplating industry, as an etching agent in the production of electronic components and printed circuits, to clean metal surfaces before welding, to brighten aluminum etc. The pharmaceutical grade fluoroboric acid is used in the pharmaceutical industry to manufacture bulk drugs, used as a catalyst for preparing etherifying cellulose, and acetals, as a reagent etc.

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Fluoroboric acid is generally available in three types including, Hydrogen Tetra-Fluoborate, Tetrafluoroboric Acid and Fluoboric Acid 50%. Each product type is used for and specific application.

However, the fluoroboric acid is a hazardous chemical and can cause eye and tissue damage, which may limit the uses of fluoroboric acid in the near future.

Fluoroboric Acid Market: Dynamics:

Across the globe, the consumption of inorganic chemicals such as, fluoroboric acid market is projected to witnessing steady growth rate over the coming years. The global fluoroboric acid market is expected to primarily drive by the growing adoption of this chemical across the various application including electroplating, pharmaceutical, and laboratory reagents among many others. The growing use of fluoroboric acid as a raw material or chemical intermediate to manufacture various chemical substances including drugs, etherifying cellulose, and acetals etc. are expected to accelerate the demand of fluoroboric acid across the globe during the present and upcoming periods.

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Moreover, the fluoroboric acid application in the formulation of pharmaceuticals is also anticipated to lay a strong base for gaining high traction for fluoroboric acid market growth over the coming years. However, fluoroboric acid is a highly toxic chemical substance, owing to this government approved licenses are required to manufacturing this chemical substance, and the limited production and application of fluoroboric acid is also understood to act as a challenge for the market growth during the forecast period.

Fluoroboric Acid Market: Regional Outlook:

Geographically, the Asia Pacific is estimated to account for hold a significant share in terms of consumption of fluoroboric acid market at present, owing to the robust growth of the chemical industry in the emerging economies of the region, such as China and India. The growing use of fluoroboric acid amongst numerous application such as chemicals and pharmaceutical are projected to drive the demand of fluoroboric acid across the region over the forecast period. North America and Europe are estimated to witness a substantial rate of growth in the global fluoroboric acid market during the forecast period owing to well-established research and development centers in the field of pharmaceutical and healthcare industry. Moreover, owing to growing chemicals consumption, the fluoroboric acid market in Latin America is projected to register healthy growth over the forecast period. Additionally, the Middle East and Africa are projected to register moderate growth in the fluoroboric acid market in the upcoming years, owing to establishing new research and development centers, and laboratories to formulating chemical substances.

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Fluoroboric Acid Market: Market Participants:

Some of the market participants in the global fluoroboric acid market are:

  • Atotech USA, Inc.
  • General Chemical Corp.
  • Johnson Matthey, Inc.
  • OMG Fidelity, Inc.
  • Ozark Fluorine Specialities, Inc.
  • Solvay Fluorides, LLC
  • Derivados del Flúor (DDF)
  • S. B. Chemicals
  • Shangrao Comprehensive Fluoride Chemical
  • Harshil Fluoride
  • Jiangxi Qucheng Chemical Co., Ltd.

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