Potassium Tetrafluoroborate Market Analysis

Potassium Tetrafluoroborate Market Analysis

98% purity market demand may witness significant gains up to 3% by 2025. Increasing demand for oxygen sensitive application such as production of metal alloys such as aluminium, titanium and boron may stimulate the industry growth. The product is a water insoluble potassium source which is used as a fluxing agent in metal processing industries for production of boron alloys using aluminium and magnesium casting. It is also used as a raw material for preparation of various fluorine salts, thereby driving the product demand.

99% purity potassium tetrafluoroborate market size may surpass USD 110 million by the end of foreseeable timeframe. Growing demand for soldering application in electronics, heating, air condition to make a permanent connection between electronic components may boost product demand. The product is used as a fluxing agent for soldering which improves mechanical strength and electrical contact in solder joints, thereby driving the industry growth.
 

North America driven by Canada, Mexico, and the U.S. potassium tetrafluoroborate market was valued at over USD 70 million in 2018. Growing demand for abrasives in various machinery units which provides sophisticated machine parts and precision tooling is likely to promote industry growth. The product is used as an active filler in the preparation of resin bonded abrasives and is used as a component for fabrication of grinding wheel and abrasive disc to reduce the operating temperature and offers various sharp cutting tools, thereby driving the regional industry growth.
 

Europe led by France, Italy, UK and Germany potassium tetrafluoroborate market may expect gains close to 3% by 2025. Increasing usage of aluminium metal body in automotive which makes half the weight of average vehicle and are safe than using steel counterparts may drive the product growth. The product is widely used in aluminium metallurgy, which is used for fabrication of auto parts, aeroplane parts and is ideal for rail systems which may drive the industry growth.
 

Asia Pacific led by Japan, India and China market may surpass USD 80 million by 2025. Increasing investment in metal industry owing to its demand in various application such as automotive, electric, machinery and in construction industry may boost the product growth. The product is widely used as a reagent in these industries and is used for extraction, refining and processing of various metals in chemical industries which may boost the regional industry growth.