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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

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Notes on the price-data

  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
  • We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
  • This the index trend of the price of the product group in general and not a single specification in particular
  • The data is presented in US$
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources