Boric Acid Market Size, Share and Forecast Report Absorption Chillers Market

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Boric Acid


  Boric acid can also be spelled "hydrogen borate" or "boracic acid." It is a weak, monobasic compound that is used as an antiseptic, insecticide, and flame retardant. It is available in colorless crystals or as a white powder that dissolves in water. Boracic acid has no odor. It has a crystalline structure and is typically available in the form of a water-soluble powder. The global boric acid market is expected to grow at a rapid pace, owing to the growing market for energy-saving appliances. The market is divided into two applications: industrial/commercial and household.

  Boric acid is used in energy-saving applications as well as commercial and residential building insulation. Another advantage of Boric acid is that it is used to generate energy from oil extracts and the wind. In the United States, it has been observed that lower unoccupied rates and stable income levels have increased residential and commercial construction activity. The "Industrial and commercial" segment has experienced significant growth and is expected to continue to do so during the forecast period. Furthermore, rising energy needs increased awareness of energy conservation methods, and the rapid rate of urbanization is fueling the boric acid market.

  The growing demand for borate and boron products in the oil and gas sector as viscosity and pH modifiers is expected to provide growth opportunities for the boric acid market. Furthermore, rising consumer electronics and glazed ceramics demand are expected to drive up demand for boric acid. However, the use of boric acid in personal care products is restricted by European regulations, which classify it as a carcinogenic compound, which is likely to stifle market growth. However, the increased demand for borosilicate glass in cookware and laboratory applications, as well as the demand for energy-efficient compounds, are likely to create potential growth avenues for the market.

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