Singapore Boric Acid Market (2022-2028) | Size, Share,Trends, Outlook, Value, Revenue, Analysis, Segmentation, Industry & COVID-19 IMPACT

Singapore Boric Acid Market Synopsis

Singapore Boric Acid Market is expected to grow during the upcoming years. Boric acid is a chemical compound (H3BO3) that is used as an ingredient in antiseptics, as a fire retardant and for roach control. Boric acid has many different uses, including protecting metal from rust, preventing corrosion of metals, and acting as an insecticide. Boric acid has been used since the 1920s to control insects such as cockroaches, ants and termites.

According to 6Wresearch, Singapore Boric Acid Market size is expected to grow during 2022-2028. Boric acid is a white, crystalline substance that is commonly used as an insecticide. It is also used in some medical and industrial applications. In Singapore, boric acid is mainly used in the pest control industry. The main drivers of market growth are the growing population and the increasing awareness of the dangers of pests.

Singapore boric acid market Growth Drivers

The Singapore boric acid market is expected to grow during the forecast period (2022-2028). The growing demand for boric acid from the construction and electronics industries is the major factor driving the growth of the market in Singapore.

Boric acid is widely used as a fire retardant in the construction industry. It is also used in the production of electronic components, such as printed circuit boards and semiconductors. The growing demand for these products is expected to drive the growth of the boric acid market in Singapore during the forecast period.

The boric acid market in Singapore is anticipated to expand during the forecast period, 2022-2028. The city-state has been witnessing an increase in construction activities and demand for pest control products, which is projected to fuel the growth of the boric acid market in Singapore during the forecast period.

The construction sector in Singapore is expected to grow during the forecast period. The country's real estate industry has been on an uptrend, with positive growth prospects in both commercial and residential sectors. This is likely to result in increased demand for boric acid as it is used as a preservative and fire retardant in construction applications. The increased awareness about hygiene and health risks posed by pests is driving the growth of the pest control products market in Singapore. Boric acid is widely used as an insecticide and rodenticide in pest control applications.

The country is expected to witness a significant growth in the demand for boric acid, due to the increasing use of the product in various industries, such as construction, agriculture, and pharmaceuticals.

In addition, the rising population and the growing economy are some of the other factors that are anticipated to fuel the market growth in Singapore.

Key players in Singapore Boric Acid Market

Some of the key players operating in the boric acid market in Singapore include

• Nippon Boric Acid Co., Ltd.
• Tosoh Corporation
• Borax Morarji Chemical Group.

Impact of COVID-19 on Singapore Boric Acid Market

The curtailment imposed by the government of the country has led to limitations on non-essential movement. The spread of the disease hampered the demand and supply chain in the market that further declined the Singapore Boric Acid Market Share.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Singapore Boric Acid Market Outlook
• Market Size of Singapore Boric Acid Market, 2021
• Forecast of Singapore Boric Acid Market, 2028
• Historical Data and Forecast of Singapore Boric Acid Revenues & Volume for the Period 2018 - 2028
• Singapore Boric Acid Market Trend Evolution
• Singapore Boric Acid Market Drivers and Challenges
• Singapore Boric Acid Price Trends
• Singapore Boric Acid Porter's Five Forces
• Singapore Boric Acid Industry Life Cycle
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Purity for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By <99% for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By ?99% for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Flame Retardants for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Ceramics And Fiberglass for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Wood Preservatives for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Nutritional Supplements for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Pest Control for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By End-use for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Pharmaceutical for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Agricultural for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Chemical Processing for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Building & Construction for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Nuclear for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Wholesale for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By E-Commerce for the Period 2018 - 2028
• Historical Data and Forecast of Singapore Boric Acid Market Revenues & Volume By Retail Shop for the Period 2018 - 2028
• Singapore Boric Acid Import Export Trade Statistics
• Market Opportunity Assessment By Purity
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End-use
• Market Opportunity Assessment By Distribution Channel
• Singapore Boric Acid Top Companies Market Share
• Singapore Boric Acid Competitive Benchmarking By Technical and Operational Parameters
• Singapore Boric Acid Company Profiles
• Singapore Boric Acid Key Strategic Recommendations

Markets Covered

The report offers a broad study of the subsequent market segments:

By Purity

• <99%
• 99%

By Application

• Flame Retardants
• Ceramics And Fiberglass
• Wood Preservatives
• Nutritional Supplements
• Pest Control
• Others

By End-Use

• Pharmaceutical
• Agricultural
• Chemical Processing
• Building & Construction
• Nuclear
• Others

By Distribution Channel

• Wholesale
• E-Commerce
• Retail Shop

Singapore Boric Acid Market: FAQs