Boric Acid Market: By Form (Powder, Granular, Liquid), End-User (Tiles, Ceramic, and Fiberglass Manufacturers, Flame Retardants, Agriculture, Wood Preservation, Pharmaceuticals, Cosmetics), Application (Industrial/Commercial, Household), Distribution Channel (Wholesale, E-Commerce, Retail Shop, Hypermarket/Supermarket, Independent Shop, Convenient Shop) and Geography

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Boric Acid Market size was valued at USD 1,035.1 million in 2022 and is poised to grow at a CAGR of 5.7 % from 2023-2029. Boric acid is a colorless crystal or white powder that contains antiviral, antiseptic, and antifungal properties and is easily soluble in water and odorless. The extensive use of boric acid in skincare formulas, and personal care products owing to its ability to deter bacteria formation and hinder contamination, thereby prolonging the longevity of products is expected to drive the boric acid market. For instance, in July 2022, pH-D Feminine Health launched a boric acid-sensitive foam wash to combat vaginal odor and discomfort caused by sweating in tight clothing and chlorine and salt water from swimming pools and oceans. Moreover, its ability to stabilize pH has provided an opportunity for its usage as a swimming pool chemical and to prevent problems with algae. It also reduces the amount of chlorine needed in the pool and can help to keep the water clear and sparkling. Furthermore, boric acid is widely used to treat boron deficiencies in plants an essential micronutrient in plants. According to the Centre for Agriculture, Food, and the Environment, boron deficiency leads to stunting and distortion of the growing tip which can lead to tip death, brittle foliage, and yellowing of lower leaf tips further leading to increased demand for boric acid. But the classification of boric acid as a carcinogen under European regulations is anticipated to hamper the market during the forecast period. However, the rising population, increased investments in the glass manufacturing, cosmetics, and building sectors, and rising demand from the renewable energy industry is anticipated to maintain the need for boric acid and are expected to increase in the forecasted years.

Boric Acid Market Key Developments:
  • In July 2020, Rio Tinto approved an additional investment of almost $200 million to progress to the next stage of the development of the lithium-borate Jadar project in Serbia.
  • In May 2018, Global Geoscience, an Australian mining developer, reported on Tuesday that the Rhyolite Ridge lithium/boron project in Nevada had yielded premium-quality boric acid by employing standard industrial procedures.

Boric Acid Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Asia Pacific
Boric Acid Market Dynamics

The market is expected to rise as the demand for pesticides is increasing owing to the prevalence of pests in different crops. Boric acid has proven to be one of the best options to control pests in the home. According to WorldAtlas, presently, throughout the globe, approximately 2 million tonnes of pesticides are utilized, out of which 47.5% are herbicides, 29.5% are insecticides, 17.5% are fungicides and 5.5% are other pesticides. Boric acid is absorbed into insects, poisoning their stomachs, interfering with their metabolism, and destroying their exoskeletons, it kills them. Due to its finer grain, which is harder for bugs to detect and simpler for them to absorb, it is significantly more likely to kill pests than borax. Pests swallow it when cleaning themselves when they come into contact with it, whether through a trap or by wandering through a thin layer of it.

Key Features of the Reports

  • The boric acid market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Boric Acid Market Segmentation

By Form
  • Powder
  • Granular
  • Liquid
By Application
  • Industrial/Commercial
  • Household
By Distribution Channel
  • Wholesale
  • E-Commerce
  • Retail Shop
  • Hypermarket/Supermarket
  • Independent Shop
  • Convenient Shop
By End User
  • Tiles, Ceramic, and Fiberglass Manufacturers
  • Flame Retardants
  • Agriculture
  • Wood Preservation
  • Pharmaceuticals
  • Cosmetics

Frequently Asked Questions

The boric acid market valued at USD 1,035.1 million in 2022 and is expected to grow at 5.7% CAGR over the forecast period 2023 – 2029.

The Asia Pacific region is expected to have the highest share in the boric acid market.

The ability to stabilize pH and its usage as a swimming pool chemical and to prevent problems with algae is providing an opportunity for market development

Sociedad Industrial Tierra, 3M, Avantor, BASF SE, Borax, ETI Maden, Gujarat Boron Concern OJSC, Borax Moraji Ltd., Toiyama Pure Chemical, Nippon Denko Co. Ltd., Southern Agricultural Insecticides Inc., Quiborax SA, American Borate Company, Tokyo Chemical Industries Ltd. and Italia SPA are a few companies operating in the boric acid market.

  • Sociedad Industrial Tierra
  • 3M
  • Avantor
  • Borax
  • ETI Maden
  • Gujarat Boron Concern OJSC
  • Borax Moraji Ltd.
  • Toiyama Pure Chemical
  • Nippon Denko Co. Ltd.
  • Southern Agricultural Insecticides, Inc.
  • Quiborax SA
  • American Borate Company
  • Tokyo Chemical Industries Ltd.
  • Italia SPA