Indonesia Zinc Borate Market (2024-2030) Outlook | Revenue, Companies, Value, Growth, Size, Industry, Trends, Forecast, Share & Analysis

Indonesia Zinc Borate Market Synopsis

Zinc borate is a white, odorless powder which consists of zinc oxide, boric acid, and water. It is an inorganic flame retardant primarily used in the coatings industry for protective finishes on various substrates such as wood, plastics, paperboard and textiles. Indonesia produces a significant amount of zinc borate each year with usage primarily concentrated in domestic markets.

Market Trends

There has been an increased demand for zinc borate since its commercialization due to its ability to replace more expensive halogenated compounds with less toxic alternatives. Recent developments have seen manufacturers focus on increasing production capacity by adopting new technologies that enable improved yields from raw materials. This trend has become increasingly prominent over the past few years as customers look to reduce costs through efficient production processes while still maintaining quality standards.

Market Drivers

The primary driver behind Indonesia growing zinc borate market is its numerous applications across industries such as electronics & electricals; paints & coatings; building & construction; automotive and others like adhesives etc.. Electronics & electricals make up the largest share of consumers accounting for almost half of all consumption followed by paints & coatings at around one third market share. The growing number of consumer electronic devices being manufactured coupled with higher safety requirements are expected to drive further growth within this segment going forward.

COVID-19 Impact on the Market

The COVID-19 pandemic has had varying effects on the Indonesia zinc borate market depending upon how severely different sectors were affected by lockdown measures implemented throughout the country during 2020/21 period. While some industry segments experienced reduced sales due mainly to supply chain disruption or lower consumer spending power, other segments saw improved performance due to pandemic induced shifts in consumer preferences (eg home improvements). Overall however it is expected that both volume and value sales will remain largely unchanged over 2021 compared with 2019 pre-pandemic levels or possibly even show modest declines.

Challenges of the Market

Despite having wide ranging industrial applications there are certain challenges faced when using Zinc Borate which could result in slower than anticipated growth rates moving forwards into 2022/23 periods. Some of these include product instability especially under high temperatures , low solubility leading to difficulties formulating solutions , poor compatibility with other flame retardants thus limiting synergistic effects and expensive manufacturing costs relative to competitive products available on international markets.

Industry Key Players

The major players operating in the Indonesia Zinc Borate market are PT Bintang Jaya Abadi (BJAB), PT Duta Bangun Sarana (DBS), PT Karya Tirta Nusantara (KTN) and PT Yoehkimindo Mandiri (YM). Other prominent vendors include Bemco Chemical Industries Pvt Ltd., Daesung Chemicals Co., Ltd., Surya Ekamulya Utama Perkasa, Metafrax GmbH and Umicore Specialty Materials Korea Incorporated.

Key Highlights of the Report:

• Indonesia Zinc Borate Market Outlook
• Market Size of Indonesia Zinc Borate Market, 2023
• Forecast of Indonesia Zinc Borate Market, 2030
• Historical Data and Forecast of Indonesia Zinc Borate Revenues & Volume for the Period 2020-2030
• Indonesia Zinc Borate Market Trend Evolution
• Indonesia Zinc Borate Market Drivers and Challenges
• Indonesia Zinc Borate Price Trends
• Indonesia Zinc Borate Porter's Five Forces
• Indonesia Zinc Borate Industry Life Cycle
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By By Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By 2ZnO·3 B2O3·3.5H2O for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By 2ZnO·3 B2O3 for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By 4ZnO·B2O3·H2O for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By 4ZnO·6B2O3·7H2O for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By 2ZnO·2B2O3·3H2O for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By By End-use for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By Flame Retardant for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By Compound Formulation for the Period 2020-2030
• Historical Data and Forecast of Indonesia Zinc Borate Market Revenues & Volume By Others for the Period 2020-2030
• Indonesia Zinc Borate Import Export Trade Statistics
• Market Opportunity Assessment By By Type
• Market Opportunity Assessment By By End-use
• Indonesia Zinc Borate Top Companies Market Share
• Indonesia Zinc Borate Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Zinc Borate Company Profiles
• Indonesia Zinc Borate Key Strategic Recommendations