Fluoroboric acid Market Size, Share & Industry Analysis, By Application (Chemicals & intermediates, Metal & surface Treatment , Electroplating, Others) Others and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Fluoroboric acid is a colorless inorganic compound which exist in liquid form at room temperature and chemical formula HBF4. It is widely used to manufacture various fluoroborate compounds such as Tin tetrafluorobotrate, copper tetrafluorobotrate, lead tetrafluorobotrate, zinc tetrafluorobotrate, potassium tetrafluorobotrate, ammonium tetrafluorobotrate, sodium tetrafluorobotrate and others. Fluoroboric acid is available in the market in standard concentrations ranging from 41% to 50%. It is a very strong acid and is often diluted using water and solvents like diethyl ether. Its manufacturing bases are concentrated in Asia-Pacific region due to the abundant raw material resources in the region.
Fluoroboric acid is widely adopted in electroplating and metal surface tratment applications. It is effective etching agent that drives its demad. Besides, its usage in the manufacturing of fluoroborates and diazo salts is of industrial importance and consumes significant amount of fluoroboric acid.
Key Market Driver -
Electroplating and metal treatment applications propel the market growth.
Key Market Restraint -
Poisonous & corrosive nature of fluoroboric acid restricts its adoption and the market growth.
However, Fluoroboric acid is very poisonous and corrosive in nature that restricts its adoption in various applications and thus negatively affects its market growth. Also, its exposure to human is a matter of great concern that makes its alternatives a primary choice. It is classified under CLP00 harmonized classification and labelling code approved by the European Union and considered to cause eye damage and severe skin burns.
Market Segmentation:
Based on applications, the market is segmented into chemicals & intermediates, metal & surface treatment, electroplating and others.
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global Fluoroboric acid market is fairly consolidated. Some of the prominent manufacturers in the global Fluoroboric acid include- Solvay, BASF SE, Derivados del Flúor, JAY INTERMEDIATES AND CHEMICALS, S.B. CHEMICALS, Harshil Fluoride, Qucheng Chemical Co.,Ltd., Strem Chemicals, Inc., Jiangxi Dongyan Pharmaceutical Co., Ltd., Nantong Jinxing Fluorides Chemical Co.,Ltd., MORITA CHEMICAL INDUSTRIES CO., LTD., and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in Fluoroboric acid market
- New Product Launches, Expansions, Key Players
- Regulatory Landscape
- Porters Five Forces Analysis
Regional Analysis:
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The global Fluoroboric acid market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Fluoroboric acid market is dominated by the Asia-Pacific region, for both production and consumption. Major manufacturing countries in the region are China, Japan, South Korea and India. The metal processing and electroplating industry in the region drives the market demand. The slowdown in the automotive industry, which is one of the major end-users of electroplating, has resulted in slow market growth in developed regions such as North America and Europe. Also low demand for heavy industrial equipment has affected the market gorwth. Thus, North America and Europe regions are expected to witness relatively slow growths over the forecast period. Latin America and Middle East & Africa are relatively small markets of fluoroboric acid with limited number of suppliers in the regions. The political and economical instability in Latin America has impacted the demand and supply of fluoroboric acid in the region. However, with the improvement in economic and political conditions in the region, the market is expected to experience upsurge in the demand. The demand in the Middle East & Africa is also expected to moderately rise with the developments in heavy indutrial equipment industry in the region.
Fluoroboric Acid Derivatives
- Tin(II) tetrafluorobotrate Sn(BF4)2
- Copper(II) Tetrafluoroborate Cu(BF4)2
- Lead(II) Tetrafluoroborate Pb(BF4)2
- Zinc(II) Tetrafluoroborate Zn(BF4)2
- Potassium Tetrafluoroborate KBF4
- Ammonium Tetrafluoroborate NH4BF4
- Sodium Tetrafluoroborate NaBF4
Segmentation
ATTRIBUTE | DETAILS |
By Application |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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