Boric Acid price December 2024 and outlook (see chart below)
- North America:US$0.88/KG, -2.2% down
- Europe:US$0.98/KG, -3% down
- Northeast Asia:US$0.99/KG, -2% down
- South America:US$0.72/KG, -2.7% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
Boric Price Index
This post is a summary of the global boric acid price developments. The price developments of global boric acid are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Boric acid price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for global boric acid prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of global boric acid prices
- Recent price developments of underlying feedstocks which drive the price of boric acid
- Market futures for both cost drives and feedstocks of global boric acid prices
- Adjustment of current supply/demand imbalances in the boric acid market
- Longer term trends in likely demand conditions
Further information on the Boric Acid price index
What is boric acid
Boric acid, also known as hydrogen borate or boracic acid, is a weak acid that is commonly used as an antifungal agent and as a fire retardant. It is a white, odorless, crystalline powder that is highly soluble in water. Boric acid is naturally occurring and is found in the mineral borax, which is mined in a number of countries, including the United States, Turkey, and Russia.
How is boric acid produced
Boric acid, also known as hydrogen borate or boracic acid, is produced through a chemical process that involves the reaction of borax with an acid. Borax is a naturally occurring mineral that is mined in a number of countries, including the United States, Turkey, and Russia.
The process of producing boric acid begins with the mining and refinement of borax. Borax is typically mined from deposits of the mineral boron, which is found in the form of borax, colemanite, and ulexite. Once the borax has been mined, it is refined to remove impurities and to produce a pure white powder.
To produce boric acid, borax is mixed with an acid, such as sulfuric acid or hydrochloric acid. The mixture is heated to a high temperature, and the acid reacts with the borax to produce boric acid and water as byproducts. The boric acid is then purified and dried to produce a white, crystalline powder.
The production of boric acid is a large-scale industrial process that is typically carried out in specialized chemical plants. It is important to follow proper safety guidelines and to use caution when handling boric acid and the chemicals used to produce it.
What is boric acid used for
Boric acid has a number of uses, including:
Antifungal agent
Boric acid is often used as an antifungal agent to treat infections caused by fungi, including yeast infections and athlete’s foot. It is also used to treat acne and other skin conditions.
Fire retardant
Boric acid is used as a fire retardant in a number of applications, including the production of textiles and plastics. It is effective at reducing the flammability of these materials and is often used in conjunction with other fire retardants.
Pesticide
Boric acid is used as a pesticide to control insects, including ants, termites, and cockroaches. It is effective at killing insects when ingested and is often used in baits and gels.
Other uses
Boric acid is also used in a number of other applications, including the production of ceramics, glass, and enamel, and as a pH buffer in cosmetics and personal care products.
Boric acid is generally considered to be safe when used as directed, but it can be toxic if ingested in large amounts. It is important to use caution when handling boric acid and to follow proper safety guidelines.
What different types of boric acid are there
There are generally two types of boric acid: technical grade and pharmaceutical grade. Technical grade boric acid is a pure, white, crystalline powder that is used in a variety of industrial and commercial applications. It is often used as a fire retardant, a pesticide, and a component of a number of other products. Technical grade boric acid is not intended for use in food, drugs, or medical devices.
Pharmaceutical grade boric acid is a high-purity form of boric acid that is used in the manufacture of drugs and medical devices. It is produced to meet the strict purity requirements of the pharmaceutical industry and is often used in the production of ointments, creams, and other topical medications. Pharmaceutical grade boric acid is not intended for use as a fire retardant or as a pesticide.
There are also a number of other types of boric acid-based products that are used in a variety of applications, including borax (sodium tetraborate), boron carbide, and boron nitride. These products are used in a variety of applications, including the production of ceramics, abrasives, and high-performance materials.
How big is the boric acid market
It is difficult to estimate the size of the global market for boric acid, as it is used in a wide variety of applications and is produced in many different countries. However, boric acid is an important chemical that is in high demand, and it is typically produced in large quantities. According to some estimates, the global market for boric acid was valued at around $1.2 billion in 2020 and is expected to reach $1.8 billion by 2025, at a compound annual growth rate of 7.3%. The Asia-Pacific region is the largest market for boric acid, accounting for more than half of global demand.
The demand for boric acid is expected to continue to grow in the coming years, driven by increasing demand for chemicals and other products that contain boric acid. Boric acid is used in a number of applications, including the production of textiles and plastics, as an antifungal agent, and as a pesticide. It is also used in a number of other applications, including the production of ceramics, glass, and enamel, and as a pH buffer in cosmetics and personal care products.
According to: https://oec.world/en/profile/hs/oxides-of-boron-boric-acids
Oxides of boron, boric acids are the world’s 2813th most traded product.
In 2020, the top exporters of Oxides of boron, boric acids were United States ($161M), Turkey ($92.3M), Chile ($50.2M), Russia ($39.1M), and Peru ($17.9M).
In 2020, the top importers of Oxides of boron, boric acids were China ($148M), South Korea ($33M), Chinese Taipei ($25.4M), Brazil ($23.1M), and Japan ($22M).
Further information
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page