The global demand for Potassium Fluoborate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Potassium fluoborate or potassium fluoroborate, or tetrafluoroborate, is a chemical compound with the formula KBF4. It is produced by combining potassium carbonate with boric acid and hydrofluoric acid. Potassium fluoborate is used in aluminium metallurgy, the manufacture of abrasives, soldering agents, and ceramics, and in the chemical sector. Potassium fluoborate is employed as a component in fluxing and grain refining agents for aluminium, and magnesium as a component in light metal castings' protective salts in aluminium metallurgy. It is used as a functional filler in resin-bonded abrasives for metal treatment.
Market Dynamics
The rise in demand for metal processing and machining in the automotive and industrial sectors, and its use as an addition in the production of aluminium boron alloy, are propelling the market forward. The surge for abrasives due to their high demand in polishing and grinding applications for end-use sectors such as metal fabrication, electronic & electrical equipment, automotive, and machinery, among others, and their use in various chemicals like boron trifluoride, which is in high demand in a variety of industries including chemical, pharmaceutical, and petrochemical, is also positively influencing the market. Furthermore, the potassium fluoborate market benefits from expanding end-use industries, rapid urbanization and industrialization, R&D activities, and high investments. On the other hand, adverse effects like nausea and vomiting after coming into contact with or ingesting potassium fluoborate are predicted to stifle market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of potassium fluoborate. The growth and trends of potassium fluoborate industry provide a holistic approach to this study.
Market Segmentation
This section of the potassium fluoborate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Reagent Grade Potassium Fluoborate
- Technical Grade Potassium Fluoborate
By Application
- Metallurgical Industry
- Chemical Industry
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Potassium Fluoborate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Potassium Fluoborate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the potassium fluoborate market include Solvay, S.B. Chemicals, Skyline Chemical, AMG Aluminum, Henan Kingway Chemicals, Harshil Industries, Hunan Guangcheng Chemical Industry, Jiuding Fluorin Chemicals, Triveni Chemicals. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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