Boron Trichloride Market Size, Share, Growth, and Industry Analysis by Type (Electronic Grade and Industrial Grade) By Application (Semiconductor Industry for Plasma Etching, Gas for CVD, raw Material for Boron Nitride (BN), Raw Material for Pharmaceutical and Agrochemicals, Raw Material for Catalysts, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Boron Trichloride Market REPORT OVERVIEW

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The global boron trichloride market size was USD 259.1 million in 2021 and is projected to grow USD 425.71 million by 2031, at a CAGR of 5.1% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Boron trichloride is a great supply of crystalline boron that is water soluble for usage compatible with chlorides. When combined or dissolved in water, chloride compounds can conduct electricity when fused. Electrolysis can break down chloride compounds into the metal and chlorine gas. They are created using a variety of chlorination procedures in which the required metal or cation is covalently linked to at least one chlorine anion. It is possible to create formulations with extremely high purity. In metabolic systems, the pH levels and fluid equilibrium are regulated by the chloride ion. Both inorganic and organic substances can be created by them. In most volumes, boron trichloride is typically available right away. Submicron, high purity, ultra-high purity, and nanopowder forms may be taken into consideration.

COVID-19 Impact: Halt on Economic Activities to Hamper Market Growth

Due to the global lockdown in some nations brought on by the COVID-19 epidemic, the supply chain has been disrupted. Furthermore, the demand for chemical intermediates was impeded by the coronavirus because of the unpredictability of the world economy and finance markets. The boron trichloride market was impacted in 2020 by the COVID-19 pandemic and the nationwide closure of some non-essential operations and production facilities. Due to the acceptance of new normal conditions and the resumption of various halted end-use industries in various counties, the market is predicted to grow at a moderate rate over the forecast period.

LATEST TRENDS

"Increasing Demand from Various Applications to Advance Market Progress"

Boron is a non-phosphate, environmentally friendly, and phosphate-free cleaning product that is based on borate and poses no health hazards. Natural substances called boron minerals contain boron oxide in various amounts. The laundry's useful life is reduced by petrochemical detergent chemical residues that stay on it. The most significant boron minerals in terms of commerce are colemanite and ulexite. Among the largest consumers of boron compounds are the textile and insulating glass fiber sectors, agriculture, enamels and glazes, and textile and insulating glass fibre.

Boron Trichloride Market SEGMENTATION

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• By Type

Based on type; the market is divided into Electronic Grade and Industrial Grade.

• By Application

Based on application; the market is divided into Semiconductor Industry for Plasma Etching, Gas for CVD, raw Material for Boron Nitride (BN), Raw Material for Pharmaceutical and Agrochemicals, Raw Material for Catalysts, and Others.

DRIVING FACTORS

"Increasing Demand from Semiconductor Sector to Support Market Growth"

Industries have begun to replace conventional wet etching with the plasma etch method. It is best suited for automation and single wafer fabrication and uses less chemical. The quest for smaller, more energy-efficient, and more performant electronic devices is driving the development of micro semiconductor integrated circuits (ICs). Precision pattern transfer is necessary because miniaturizing IC needs the circuit to go through an advanced production process with small geometries.

"Increasing Application of Boron Nitride to Facilitate Market Expansion"

The global market for boron trichloride is being driven by an increase in its use in boron nitride film materials. Materials made of boron nitride are semiconducting insulators with a direct band gap of 5.97 eV called h-BN. Graphene-like characteristics have been seen in hexagonal boron nitride, a material with even greater chemical stability. Cubic boron nitride is a very hard substance that can even damage diamond. Film made of boron nitride (BN) is increasingly used in a variety of applications, including lubrication, release agents, thermosetting insulators, thermal enhancers, etc.

RESTRAINING FACTORS

"High Cost to Hamper Market Growth"

Trade restrictions and the volatility of raw material costs are projected to pose challenges for the industry throughout the forecast period.

Boron Trichloride Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate Market Owing to Expanding Economies   "

Asia Pacific holds the largest part of the global boron trichloride market share. The rapidly expanding economies of China and India, the polymers and petrochemicals sector has experienced substantial expansion. The region's demand for boron trifluoride is then anticipated to increase as a result.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• American Gas Group (U.S.)
• Air Products (U.S.)
• Praxair (U.S.)
• Tronox (U.S.)
• Matheson (U.S.)
• Air Liquide (France)
• Linde Group (Ireland)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.