Advancements in boric acid packaging have also contributed to its growing popularity. Traditionally, boric acid was packaged in large bags, which made it difficult for small businesses and consumers to use. However, new packaging options, including pre-measured capsules and suppositories, have made boric acid more accessible to consumers and businesses. These new packaging options are more convenient and help to reduce waste, making them more environmentally friendly.
The development of new safety standards and regulations has also contributed to the growth of the Boric Acid Market. In recent years, there has been an increased focus on the safety of chemicals used in various industries, including boric acid. Several new regulations have been introduced to ensure that boric acid is used safely and that workers and consumers are not exposed to harmful levels of the chemical. These regulations have helped to increase the confidence of businesses and consumers in the safety and reliability of boric acid, leading to increased demand.
Major Companies involved are 3M, Avantor Performance Materials, BASF SE, U.S. Borax, Eti Maden, Gujarat Boron Derivatives, Minera Santa Rita (MSR), Quiborax, Russian Bor, and Tomiyama Pure Chemicals Industries, Babcock International Group
Key Market Drivers:
One of the major drivers of the global Boric Acid Market is the growing demand for boric acid in the ceramic industry. Boric acid is used as a flux in the production of ceramics, where it acts as a stabilizer, promoting fusion and reducing the melting temperature. The increasing demand for ceramics in the construction industry, particularly in emerging economies, is driving the demand for boric acid. For instance, according to Building Radar GmbH, there are more than 3 million construction companies in Europe.
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