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Potassium Tetrafluoroborate Market Size
- Report ID: GMI4355
- Published Date: Sep 2019
- Report Format: PDF
Potassium Tetrafluoroborate Market Size
Potassium Tetrafluoroborate Market size crossed USD 245 million in 2018 and expects consumption of over 110 kilo tons by 2025.
Rising demand for metal processing and machining in automotive and industrial sector is likely to drive potassium tetrafluoroborate market growth. It is widely used as an additive in manufacturing of aluminum boron alloy. Global aluminum production and processing market was valued at over USD 260 billion in 2018. Aluminum containing high boron concentration is synthesized by reaction of the product which in turn improves the fluidity of molten alloy which may stimulate product demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Potassium Tetrafluoroborate Market Size in 2018: | 245 Million (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4.8% |
| 2025 Value Projection: | 340 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 205 |
| Tables, Charts & Figures: | 290 |
| Segments covered: | Purity, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Growing demand for abrasives owing to its huge demand in polishing and grinding application for end use sector such as automotive, metal fabrication, machinery and electronic & electrical equipment may drive the overall potassium tetrafluoroborate market revenue. Global abrasives market was valued at over USD 42 billion in 2018 owing to its grinding wheel product which is manufactured from abrasive grain and is a self-sharpening cutting tool widely used in metal fabrication industries.
Increasing demand for various chemicals such as boron trifluoride market in its various used in industries such as petrochemical, chemical, agrochemical and pharmaceutical owing to its non-flammable and compressed nature may drive the product growth. Global boron trifluoride market may surpass USD 340 million by 2025 owing to its wide usage as a catalyst for several reactions including alkylation, polymerization and isomerisation in chemical industries.
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Potassium Tetrafluoroborate Market Scope
