The potassium fluoborate market is to reach a value of US$ 296.7 million by the year 2022. Sales of potassium fluoborate are expected to expand CAGR of 4.0% and top a valuation of US$ 439.2 million by 2032. Potassium fluoborate is extensively used in the metallurgy of aluminum and also used in soldering agents and abrasives applications.
Rising demand for machinery in industrial sectors such as automotive, oil & gas, petrochemicals & others, is expected to boost the demand for abrasives, propelling the sales of potassium fluoborate. They are frequently employed for optical deposition as well as for alloy metal.
It is possible to manufacture some fluoride compounds at the nanoscale and in extremely pure forms. Both optical quality and utility as per scientific standards are improved by ultra-high purity and high purity compositions. Potassium fluoborate finds a variety of applications such as soldering agents, abrasives, fluxing agents & others.
Due to its widespread usage, the market is expected to grow at a substantial growth rate during the forecast period. Potassium Fluoborate is scantly soluble in water, which makes it suitable for using it in oxygen-sensitive applications, such as metal production. It is also being employed in medical applications but at very low doses.
The rise in global demand for abrasives is one of the key reasons driving the expansion of the potassium fluoroborate market. Abrasives are the material, which is used to finish or shape a workpiece through rubbing and are extensively utilized in industries. These are used for polishing, cutting, drilling, grinding & others.
Abrasives are quite popular for polishing objects which are further used in automotive parts, electronics & electrical equipment, heavy types of machinery, and others. The potassium fluoroborate market benefits from the development of end-use industries, rapid urbanization and industrialization, high investments, and research & development activities. Potassium fluoborate is also used in the manufacturing of other fluoride chemicals, which are used in agrochemicals, pharma products & others.
Furthermore, its use as a catalyst for numerous reactions in the chemical industry, such as alkylation, polymerization, and isomerization, provides profitable potential to market participants during the projection period.
| Attributes | Key Insights |
|---|---|
| Potassium Fluoborate Market Sales (2021A) | US$ 286.7 million |
| Estimated Market Size (2022E) | US$ 296.7 million |
| Projected Market Value (2032F) | US$ 439.2 million |
| Value CAGR (2022 to 2032) | 4.0% |
| Collective Value Share: Top 3 Countries (2022E) | 45.3% |
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The potassium fluoborate market witnessed a CAGR of 3.5% over the historical period of 2017 to 2021. The market shrank as a result of the 2020 pandemic crisis, which was reflected in material pricing, varying needs for chemicals and specialty materials, altered consumer expectations for chemical products, and increased logistical expenses. Each of these variables had a negative impact on the market during the initial quarters.
As per the current estimate, the potassium fluoborate market is poised to grow at around a CAGR of 4.0% for the period between 2022 and 2032. The growing demand for potassium fluoborate & fluoride compounds in industries for different functions is expected to boost the market.
Metallurgy, automotive, and oil & gas are some of the key industries for potassium fluoborate, hence the growth of these industries has a direct impact on the market. On the back of these factors, the demand in the market is projected to surge by 1.5x between 2022 and 2032.
Increasing Application as Soldering Agent to Spur the Sales in the USA
On the back of increasing application in diverse industries, the availability of raw resources, and a superior industrial environment, the USA is anticipated to dominate the North American region.
The USA is anticipated to have a significant share owing to its extensive and diverse industrial base and continuous petrochemical and gas & oil infrastructure development. The growth of the country is being influenced by the application of fluxing agents, soldering agents, and abrasives are used up to large extent.
Potassium fluoborate is employed as an active filler in the formation of resin-bonded abrasives, and as a component in the manufacture of grinding wheels. Also, abrasive discs to lower operating temperatures, and it provides a variety of sharp cutting tools, all of which contribute to the expansion of the domestic industry.
China to be the Manufacturing Hub for Potassium Fluoborate Companies
China is knowns as a manufacturing hub as it has a strong manufacturing base and the presence of numerous manufacturers. Increasing demand for the metal from industries & metal processing is primarily driving the market.
China also has a strong automobile industry, which is a key industry for the potassium fluoborate. The growing use of aluminum metal bodies in automobiles, which are safer to use than steel equivalents and make up half the weight of the average car, may promote the expansion of the potassium fluoborate. Aluminum is being used in automotive parts, railways, and planes in their components. Potassium fluoborate is used as an agent in the refining of aluminum.
Additionally, China has an evident chemical industry and it supplies various chemicals to other regions. Potassium fluoborate finds application in the chemical industry as it is used in the production of agrochemicals such as ammonium fluoride, sodium fluoride & others. It is also used as a precursor in producing electrolytes, which are a crucial part of lithium-ion batteries.
Principal Consultant
99% Purity Potassium Fluoborate is the Most Preferred among Manufacturers
Potassium fluoborate is majorly available in 2 purities, such as one is less than 99% and another is more than 99% purity. Oxygen-sensitive applications such as metal alloy production like titanium, boron & aluminum, require potassium fluoborate. In oxygen-sensitive applications, less than 99% purity potassium fluoborate is used. It is a potassium source and partially soluble in water. It is used as a fluxing agent in the production of boron alloys using magnesium & aluminum casting as it is not soluble in water.
Growing demand for electronics, heating, and air conditioning to establish a long-lasting connection between electrical components may increase the demand. This is utilized as a fluxing agent for soldering, which enhances the mechanical strength and electrical contact in solder joints.
Application in Metal Fabrication and Automobile to Generate Maximum Revenue
Due to its widespread use in several applications across numerous industries, the global market for potassium fluoroborate is expected to grow. Fluoride compounds are frequently employed in alloying metal and optical deposition applications, both of which contribute to the expansion of the worldwide potassium fluoroborate market.
The global potassium fluoroborate market is gaining traction as a result of the rising demand for abrasives in various grinding and polishing applications for sectors like electronic & electrical equipment, metal fabrication, automobile, and machinery. The market for abrasives is growing quickly, and this growth is strongly correlated with the demand for potassium fluoroborate.
The market is expected to be consolidated with the presence of several dominant key players. These players are expected to hold more than 50% of the market share. Some of the prominent key trends are an expansion of production capacities and the adoption of new & modified manufacturing techniques.
Manufacturers are focusing on the launch of a new product line in purity form, as well as continued research and development to expand their product portfolio. Furthermore, industrial participants are focusing on developing manufacturing units in order to increase the core business.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022E) | US$ 296.7 million |
| Projected Market Value (2032F) | US$ 439.2 million |
| Value CAGR (2022 to 2032) | 4.0% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Million for Value and Kilo Tons for Volume |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Purity, Grade, Application, and Region |
| Key Companies Profiled |
|
| Report Coverage |
|
The global market for potassium fluoborate is estimated to reach a valuation of US$ 296.7 million in 2022.
The potassium fluoborate demand is anticipated to witness a growth rate of 4.0% over the forecast period of 2022 and 2032 in terms of value.
Solvay S.A., Morita Chemical Industries, Harshil Industries, Honeywell Fine Chemicals, AMG Aluminum, Madras Fluorine Ltd., Stella Chemifa Corporation, Triveni Chemicals, Skyline Chemicals, American Elements, PARTH INDUSTRIES, Foshan Nanhai Fluoride Chemical Co. Ltd., Derivados Del Flúor (DDF) and others are identified as the key manufacturers in the potassium fluoborate market.
Key players in the global potassium fluoborate market are expected to account for about 50-55% of the overall market share.
The top countries driving the global potassium fluoborate demand are the USA, China, Germany, Japan, and India.
1. Executive Summary | Potassium Fluoborate Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (KT) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (KT) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Breakup
6.3. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Global Oil and Gas Outlook
8.1.4. Other Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. GDP Growth forecast
8.2.2. Manufacturing Industry forecast
8.2.3. Growth in Chemical Industry
8.2.4. Demand from End-use Industries
8.2.5. Other Forecast Factors
8.3. Value Chain Analysis
8.3.1. Raw Material Suppliers
8.3.2. Product Manufacturers
8.3.3. Product Distributors
8.3.4. Probable End users
8.4. COVID-19 Crisis - Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. Porter’s Five Forces Analysis
8.8. Key Regulations and Certifications
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Purity
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Purity, 2017 to 2021
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Purity, 2022 to 2032
9.3.1. Less than 99% Purity
9.3.2. 99% & above purity
9.4. Market Attractiveness Analysis By Purity
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Purity, 2017 to 2021
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Grade, 2022 to 2032
10.3.1. Technical Grade
10.3.2. Reagent Grade
10.4. Market Attractiveness Analysis By Grade
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By Application, 2017 to 2021
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Application, 2022 to 2032
11.3.1. Soldering Agent
11.3.2. Metal Processing
11.3.3. Abrasives
11.3.4. Fluxing Agent
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2017 to 2021
12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Middle East and Africa (MEA)
12.3.5. East Asia
12.3.6. South Asia and Pacific
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. The USA
13.4.1.2. Canada
13.4.2. By Purity
13.4.3. By Grade
13.4.4. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Purity
13.5.3. By Grade
13.5.4. By Application
13.6. Market Trends
13.7. Drivers and Restraints - Impact Analysis
14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Purity
14.4.3. By Grade
14.4.4. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Purity
14.5.3. By Grade
14.5.4. By Application
14.6. Market Trends
14.7. Drivers and Restraints - Impact Analysis
15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. Italy
15.4.1.3. France
15.4.1.4. The United Kingdom
15.4.1.5. Spain
15.4.1.6. BENELUX
15.4.1.7. Russia
15.4.1.8. Rest of Europe
15.4.2. By Purity
15.4.3. By Grade
15.4.4. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Purity
15.5.3. By Grade
15.5.4. By Application
15.6. Market Trends
15.7. Drivers and Restraints - Impact Analysis
16. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. India
16.4.1.2. ASEAN
16.4.1.3. Australia and New Zealand
16.4.1.4. Rest of South Asia & Pacific
16.4.2. By Purity
16.4.3. By Grade
16.4.4. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Purity
16.5.3. By Grade
16.5.4. By Application
16.6. Market Trends
16.7. Drivers and Restraints - Impact Analysis
17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. By Purity
17.4.3. By Grade
17.4.4. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Purity
17.5.3. By Grade
17.5.4. By Application
17.6. Market Trends
17.7. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. Turkey
18.4.1.3. Northern Africa
18.4.1.4. South Africa
18.4.1.5. Rest of Middle East and Africa
18.4.2. By Purity
18.4.3. By Grade
18.4.4. By Application
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Purity
18.5.3. By Grade
18.5.4. By Application
18.6. Market Trends
18.7. Drivers and Restraints - Impact Analysis
19. Country-Wise Market Analysis
19.1. Introduction
19.2. The USA Market Analysis
19.2.1. By Purity
19.2.2. By Grade
19.2.3. By Application
19.3. Canada Market Analysis
19.3.1. By Purity
19.3.2. By Grade
19.3.3. By Application
19.4. Mexico Market Analysis
19.4.1. By Purity
19.4.2. By Grade
19.4.3. By Application
19.5. Brazil Market Analysis
19.5.1. By Purity
19.5.2. By Grade
19.5.3. By Application
19.6. Germany Market Analysis
19.6.1. By Purity
19.6.2. By Grade
19.6.3. By Application
19.7. Italy Market Analysis
19.7.1. By Purity
19.7.2. By Grade
19.7.3. By Application
19.8. France Market Analysis
19.8.1. By Purity
19.8.2. By Grade
19.8.3. By Application
19.9. United Kingdom Market Analysis
19.9.1. By Purity
19.9.2. By Grade
19.9.3. By Application
19.10. Spain Market Analysis
19.10.1. By Purity
19.10.2. By Grade
19.10.3. By Application
19.11. Russia Market Analysis
19.11.1. By Purity
19.11.2. By Grade
19.11.3. By Application
19.12. BENELUX Market Analysis
19.12.1. By Purity
19.12.2. By Grade
19.12.3. By Application
19.13. China Market Analysis
19.13.1. By Purity
19.13.2. By Grade
19.13.3. By Application
19.14. Japan Market Analysis
19.14.1. By Purity
19.14.2. By Grade
19.14.3. By Application
19.15. S. Korea Market Analysis
19.15.1. By Purity
19.15.2. By Grade
19.15.3. By Application
19.16. India Market Analysis
19.16.1. By Purity
19.16.2. By Grade
19.16.3. By Application
19.17. ASEAN Market Analysis
19.17.1. By Purity
19.17.2. By Grade
19.17.3. By Application
19.18. Australia and New Zealand Market Analysis
19.18.1. By Purity
19.18.2. By Grade
19.18.3. By Application
19.19. Turkey Market Analysis
19.19.1. By Purity
19.19.2. By Grade
19.19.3. By Application
19.20. South Africa Market Analysis
19.20.1. By Purity
19.20.2. By Grade
19.20.3. By Application
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Production Capacity of Key Players
20.5. Market Presence Analysis
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Solvay S.A.
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Profitability by Market Segments (Product /Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Morita Chemical Industries
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Profitability by Market Segments (Product /Channel/Region)
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. Harshil Industries
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Profitability by Market Segments (Product /Channel/Region)
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. Honeywell Fine Chemicals
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Profitability by Market Segments (Product /Channel/Region)
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. AMG Aluminum
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Profitability by Market Segments (Product /Channel/Region)
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. Madras Fluorine Ltd.
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Profitability by Market Segments (Product /Channel/Region)
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. Stella Chemifa Corporation
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Profitability by Market Segments (Product /Channel/Region)
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Triveni Chemicals
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Profitability by Market Segments (Product /Channel/Region)
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.9. Skyline Chemicals
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Profitability by Market Segments (Product /Channel/Region)
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.10. Foshan Nanhai Fluoride Chemical Co. Ltd
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Profitability by Market Segments (Product /Channel/Region)
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
21.3.11. Derivados Del Flúor (DDF)
21.3.11.1. Overview
21.3.11.2. Product Portfolio
21.3.11.3. Profitability by Market Segments (Product /Channel/Region)
21.3.11.4. Sales Footprint
21.3.11.5. Strategy Overview
21.3.12. Hunan Merits New Materials Co. Ltd.
21.3.12.1. Overview
21.3.12.2. Product Portfolio
21.3.12.3. Profitability by Market Segments (Product /Channel/Region)
21.3.12.4. Sales Footprint
21.3.12.5. Strategy Overview
21.3.13. American Elements
21.3.13.1. Overview
21.3.13.2. Product Portfolio
21.3.13.3. Profitability by Market Segments (Product /Channel/Region)
21.3.13.4. Sales Footprint
21.3.13.5. Strategy Overview
21.3.14. PARTH INDUSTRIES
21.3.14.1. Overview
21.3.14.2. Product Portfolio
21.3.14.3. Profitability by Market Segments (Product /Channel/Region)
21.3.14.4. Sales Footprint
21.3.14.5. Strategy Overview
21.3.15. FENGYUAN INDIA PRIVATE LIMITED
21.3.15.1. Overview
21.3.15.2. Product Portfolio
21.3.15.3. Profitability by Market Segments (Product /Channel/Region)
21.3.15.4. Sales Footprint
21.3.15.5. Strategy Overview
21.3.16. S. B. CHEMICALS
21.3.16.1. Overview
21.3.16.2. Product Portfolio
21.3.16.3. Profitability by Market Segments (Product /Channel/Region)
21.3.16.4. Sales Footprint
21.3.16.5. Strategy Overview
21.3.17. AWISHKAR CHEMICALS INDUSTRIES
21.3.17.1. Overview
21.3.17.2. Product Portfolio
21.3.17.3. Profitability by Market Segments (Product /Channel/Region)
21.3.17.4. Sales Footprint
21.3.17.5. Strategy Overview
22. Primary Survey Analysis
23. Assumptions and Acronyms Used
24. Research Methodology
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Potassium Fluoborate Market
