Boron Trifluoride Market Estimated to Reach US$ 343 Mn by 2026; Increase in Usage of BF3 as Catalyst and Growth in End-use Industries to Drive Market: Transparency Market Research

USA - English

News provided by

Jul 17, 2018, 06:00 ET

ALBANY, New York, July 17, 2018 /PRNewswire/ --

According to a new report published by Transparency Market Research (TMR) titled "Boron Trifluoride Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026", the global boron trifluoride market is anticipated to expand at a CAGR of more than 5.0% during forecast period. Expansion in the global boron trifluoride market is primarily driven by the rise in usage of BF3 as catalyst and growth in end-use industries. The boron trifluoride market in Asia Pacific is anticipated to expand at a CAGR of more than 5.0% during the forecast period owing to the constant demand for boron trifluoride in various end-use industries across the region, especially in China, Japan, and the ASEAN sub-region.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Growth in end-user industries to drive market

BF3 is one of the strongest Lewis acids available. It is employed as catalyst and reagent in a wide range of end-user industries including chemicals, pharmaceuticals, semiconductors & electronics, agrochemicals, polymers, and plastics. Led by its versatile nature, BF3 forms an integral part of several manufacturing processes in the industries mentioned above. Chemicals, pharmaceuticals, and semiconductors & electronics are some of the major consumers of BF3. These industries are poised to expand at a significant pace in the near future. BF3 is widely used as catalyst for several reactions such as polymerization, alkylation, and isomerization in the chemicals industry.

Request a Sample of Boron Trifluoride Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46962

The chemical industry has been expanding at a steady pace. Developing countries in Asia Pacific are expected to be highly lucrative markets for chemicals in the next few years. The semiconductors industry employs BF3 as a p-type doping agent in the manufacture of various semiconductor devices. BF3 is also used in the production of displays of electronic products. Asia Pacific is likely to offer significant growth potential to the semiconductors & electronics industry in the near future. BF3 is employed in the synthesis of various pharmaceuticals in the pharmaceuticals industry. The global pharmaceuticals industry has also been witnessing steady growth since the last few years. In terms of revenue, the global pharmaceuticals industry was valued at more than US$ 990 Bn in 2013 and reached around US$ 1,105 Bn in 2016.

The global boron trifluoride market is expected to witness steady growth during the forecast period, owing to the expansion in end-user industries.

View in-depth table of contents for this report @ https://www.transparencymarketresearch.com/report-toc/46962

High demand for BF3 in chemical industry to boost purified grade segment

Based on grade, the boron trifluoride market has been bifurcated into purified and high purity. The purified segment is anticipated to account for major share of the market during the forecast period. Furthermore, the segment is anticipated to create growth opportunities during the forecast period. This can be ascribed to the expansion in the chemical industry. Purified grade BF3 is also employed in other end-use industries such as pharmaceuticals and semiconductors.

Catalyst application segment to dominate global boron trifluoride market

In terms of application, the global boron trifluoride market has been divided into catalyst, reagent, and others. The catalyst segment is anticipated to dominate the market, as BF3 is a versatile catalyst in the production processes of various chemicals in end-use industries such as chemical, petrochemical, agrochemical, and pharmaceuticals. Furthermore, usage of BF3 as catalyst helps improve the efficiency and yield of the process, and enhance the quality of end-products. It also helps lower production costs. Therefore, it is highly preferred by end-users.

Request for Multiple Chapters on Global Boron Trifluoride Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=46962

Chemical manufacturing and pharmaceuticals anticipated to be major end-use segments

In terms of end-use, the boron trifluoride market has been divided into semiconductor manufacturing, chemical manufacturing, pharmaceuticals, and others. The chemical manufacturing segment dominated the global boron trifluoride market in 2017. This trend is estimated to continue during the forecast period. Growth in the chemical industry is projected to drive the boron trifluoride market in the near future. Furthermore, expansion in pharmaceuticals and semiconductor industries is likely to fuel the boron tri fluoride market during the forecast period.

Asia Pacific to dominate boron trifluoride market

Based on region, the global boron trifluoride market has been split into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. The boron trifluoride market in Asia Pacific is projected to expand at a CAGR of more than 5.0% during the forecast period due to the constant demand for boron trifluoride in various end-use industries across the region. The region offers immense growth opportunities to the boron trifluoride market. China dominates the market in the region due to the expansion in end-user industries, particularly chemical and semiconductor industries, in the country. The chemical industry is the prominent consumer of boron trifluoride in Asia Pacific.

Ask for Discount on Premium Research Report (US$ 5795) With Complete TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=46962

Consolidated market with less number of players

Boron trifluoride is a consolidated market; less number of producers operate in the market. Furthermore, these producers are more active at the regional level with localized production facilities. Key players operating in the boron trifluoride market include Honeywell International Inc. BASF SE, Stella Chemifa Corporation, Entegris Inc., and Navin Fluorine International Ltd.

The global boron trifluoride market has been segmented as follows:

Global Boron Trifluoride Market, by Grade

Purified
High Purity

Global Boron Trifluoride Market, by Application

Catalyst
Reagent
Others

Global Boron Trifluoride Market, by End-use

Semiconductor Manufacturing
Chemical Manufacturing
Pharmaceuticals
Others

Browse Popular Research Reports by TMR:

Dicyandiamide Market: https://www.transparencymarketresearch.com/dicyandiamide-market.html
Hollow Fiber Ceramic Membrane Market: https://www.transparencymarketresearch.com/hollow-fiber-ceramic-membrane-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]