North America Fluoroboric Acid Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Grade Type, Application, Distribution Channel, and Region

North America Fluoroboric Acid Market Definition:

Fluoroboric acid is an inorganic compound with the chemical formula H3OBF4. Tetrafluoroboric acid, commonly known as tetrafluoroboric acid, is a poisonous, odourless, colourless liquid. Fluoroborate compounds such as tin tetrafluoroborate, copper tetrafluoroborate, and lead tetrafluoroborate are often made with it. Standard amounts of fluoroboric acid, ranging from 41 % to 50 %, are commercially accessible. It's usually a strong acid that's been diluted with water and solvents like diethyl ether.

 

Further, the North America Fluoroboric Acid market is segmented by Grade type, application, Type and geography. On the basis of grade type, the North America Fluoroboric Acid market is segmented under Industrial grade, and pharmaceutical grade. Based on the application, the market is segmented under the channels of Medicine, Chemical, Electroplating, and Others. On the basis of type, the North America Fluoroboric Acid market is segmented under Hydrogen Tetra-Fluoborate, Tetra Fluoroboric Acid, and Fluroboric Acid 50%. By geography, the market covers the major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

To get more Insights: Request Free Sample Report

 

North America Fluoroboric Acid Market Dynamics:

Market Drivers: Fluoroboric acid is expected to see rising demand in the near future since it is utilized as a raw material or chemical intermediary in the manufacture of a variety of chemical products, including medicines, etherifying cellulose, and acetals. Due to its excellent effectiveness as an etching agent, it is currently high demand in North America fluoroboric acid market. Furthermore, it is mostly used in the manufacturing of diazo and fluoroborate salts. The production of both of these salts necessitates a large amount of fluoroboric acid.

 

Market Restraints: The North America fluoroboric acid market is expected to grow significantly in the next years, owing to sales of fluoroboric acid in pharmaceutical formulations. Due to the limited production and sales of fluoroboric acid, which is a very harmful chemical compound, government-issued licenses are necessary to create it, and the North America fluoroboric acid market share is likely to be hampered over the projection period. Fluoroboric acid is a caustic and deadly substance found in nature. Because of these characteristics, it can only be used in a limited number of applications. Furthermore, because this acid is harmful to humans, the general public is gradually turning to alternatives. Its labeling code has been accepted by the European Union, and it has been classified as CLP00 harmonized because it causes severe skin and eye burns.

 

Regulations:

1. The Toxic Substances Control Act (TSCA) was passed by Congress in 1976 and modified in 2016, and it gives the Environmental Protection Agency (EPA) the ability to regulate some new and existing compounds that are sold in the United States for non-exempt use. TSCA Section 8(b) mandates that the EPA create, maintain, and publish a list of every chemical substance that is commercialised in the United States for a TSCA use. The first TSCA Inventory was produced in 1979, and it contained chemicals that were in use in the United States at the time TSCA was implemented. When a Notice of Commencement is received for chemicals reported to the EPA under TSCA Section 5 through the Pre-Manufacture Notification (PMN) procedure, new compounds are added to the Inventory.

 

2. On the TSCA Inventory, list comprises CASRN compounds that are classified Active. TSCA mandates that the EPA create, maintain, and publish a list of every chemical made (including imported) or processed in the United States for TSCA purposes. Chemical manufacturers (including importers) in the United States are required to report to the Environmental Protection Agency (EPA) every four years under the Chemical Data Reporting Program (CDR). The status of a chemical in terms of being subject to specific rules on June 1, 2020, the first day of the reporting period for the 2020 CDR, determines the reporting obligations for the 2020 CDR.

 

North America fluoroboric acid market is expected to grow consistently from 2021 to 2027, because of well-established R&D centers and consistent chemical market advancements. North America region has 26% of share in fluoroboric acid market. Demand for the acid is expected to grow; because the North American region has well-established electroplating and metal processing firms. One of the most well-known end consumers of electroplating is the automotive market. The total North America fluoroboric acid market is expected to increase, Because of well-established research and development centers in the pharmaceutical and healthcare markets. Fluoroboric acid production and demand are expected to be reduced as a result of economic and political turmoil in North America.

 

North America Fluoroboric Acid Market Segment Analysis:

By Grade Type,

Industrial grade is expected to grow at a CAGR of 4% during the forecast period. Industrial-grade fluroboric acid is used in a range of markets. The same technique can also be used to clean metallic surfaces before welding. The pharmaceutical grade of fluroboric acid is frequently used in the pharmaceutical market for bulk drug production. It's also been used as a catalyst chemical in the production of etherifying cellulose and acetals. Furthermore, the same acid was utilized as the reagent. The North America fluoroboric acid market is expected to increase significantly over the forecast period as a consequence of these many applications.

 

Pharmaceutical grade fluoroboric acid is largely used in the pharmaceutical market to make bulk medications. In the synthesis of etherifying acetals and cellulose, it's also used as a reagent and a catalyst chemical. Fluoroboric acid of industrial grade, on the other hand, is used as an etching agent in the manufacture of printed circuits and electronic components, as an electrodeposition agent in the electroplating market, to clean metallic surfaces prior to welding, and to polish and brighten aluminum, among other things.

 

 

By Application,

Fluoroboric acid application in medicine is expected to grow significantly through the forecast period. Fluoroboric acid is the most frequent precursor of fluoroborate salts, which are typically produced by reacting metal oxides with the acid. Inorganic salts are employed as intermediates in the manufacturing of flame-retardant materials, glazing frits, and boron electrolysis. Fluoroboric acid is also used in aluminum etching and acid pickling. Fluoroboric acid is used as a catalyst in alkylation and polymerizations. In carbohydrate protection operations, ethereal fluoroboric acid is an efficient and cost-effective catalyst for transactivation and isopropylidenation reactions.

 

Acetonitrile and some ethers solutions cleave acetals. A number of reactive cations, including tropylium tetrafluoroborate, have been synthesized using fluoroboric acid. Fluoroboric acid solutions are used in the electroplating of tin and tin alloys. Fluoroboric acid has been replaced in this application with methanesulfonic acid. Fluoroboric acid is a toxin that causes skin and eye irritation. It can eat right through the glass. As it hydrolyzes, it corrodes and emits caustic, volatile hydrogen fluoride.

 

North America Fluoroboric Acid Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a North America presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive North America networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the North America Fluoroboric Acid market to the stakeholders in the market. The report provides trends that are most dominant in the North America Fluoroboric  Acid market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Fluoroboric Acid Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Fluoroboric Acid market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the market and growth through the forecast period. The report also includes the competitive landscape of key players in the market along with their recent developments in the North America Fluoroboric Acid market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Fluoroboric Acid market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the North America Fluoroboric Acid market. The report also analyses if the North America Fluoroboric Acid market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Fluoroboric Acid market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Fluoroboric Acid market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Fluoroboric Acid market is aided by legal factors.

 

North America Fluoroboric Acid Market Scope:

 

North America Fluoroboric Acid Market
Market Size in 2023	USD 0.64 Bn.
Market Size in 2030	USD 0.85 Bn.
CAGR (2024-2030)	4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Grade Industrial Grade Pharmaceutical Grade
	By Application Medicine Chemicals Electroplating Others
	By Type Hydrogen Tetra-Fluoborate Tetra Fluoroboric Acid Fluoboric Acid 50%
Country Scope	United States Canada Mexico

 

North America Fluoroboric Acid MARKET KEY PLAYERS: 

• AK Scientific (USA)
• BOC Science (NewYork)
• Chordip (USA)
• Cole parmer (Maxico)
• Atotech (USA)
• Solvay (USA)
• Others