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Potassium Tetrafluoroborate Market Size, Share & Industry Analysis, By Application (Metal Processing, Fluxing Agent, Abrasives, Soldering Agent, Others) Others and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI102203 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Potassium Tetrafluoroborate is a potassium salt of tetrafluoroboric acid with the molecular formula KBF4. It is odorless, white solid, which is scantly soluble in water. Potassium Tetrafluoroborate is obtained by reacting potassium carbonate or potassium hydroxide with tetrafluoroboric acid. It is usually used as a fluxing agent in the manufacturing of aluminium boron alloy, and also as a raw material for preparing fluorine salts. Potassium Tetrafluoroborate has witnessed high demand from several industries due to its applications in casting technology, surface treatment, metal surface treatment, glass industry, and automotive industry.


The factor expected to drive the potassium tetrafluoroborate market is the rise in demand for abrasives. Potassium tetrafluoroborate is used as a filler in resin bonded abrasives in metal treatment. Abrasives have observed high demand from end-users such as automotive, machinery, metal fabrication, and electronic & electrical equipment for grinding and polishing applications, hence acting as a market driver


Key Market Driver -

Rise in demand for abrasives

Key Market Restraint -

Side effects due to contact or ingestion


However, the side effects due to making contact or ingesting potassium tetrafluoroborate is expected to restrain the market growth. Potassium tetrafluoroborate is known to cause skin and eye irritation, nausea vomiting, and diarrhea, hence the slowdown in the market is expected.


Market Segmentation:


By application, the market is segmented into metal processing, fluxing agent, abrasives, soldering agent, and others.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players Covered:


The major companies in the global potassium tetrafluoroborate market report includes American Elements, Solvay S.A., Morita Chemical Industries, Honeywell Fine Chemicals, Hunan Merits New Materials Co. Ltd., Foshan Nanhai Fluoride Chemical Co. Ltd., AMG Aluminum, Derivados del Flúor (DDF), Harshil Industries, Stella Chemifa Corporation, Madras Fluorine Ltd., S.B. Chemicals and other key players.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenario

  • Porters Five Forces Analysis


Regional Analysis:


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The global potassium tetrafluoroborate market has been segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The growth of potassium tetrafluoroborate market in North America is due to an increase in demand for abrasives for machinery units which require precision tooling. Potassium Tetrafluoroborate is used as a component for production of abrasive disc to minimize the operating temperature, thereby supporting the growth. Growth in metal industry due to high demand from machinery, electric, and construction industry, will grow the market in Asia Pacific. Europe has high demand for potassium tetrafluoroborate for aluminium metallurgy, which is further used in fabrication of aeroplane, and automotive parts. Latin America and the Middle East & Africa will show significant growth in the potassium tetrafluoroborate market.


Segmentation


















 ATTRIBUTE


 DETAILS

By Application




  • Metal Processing

  • Fluxing Agent

  • Abrasives

  • Soldering Agent

  • Others



By Geography




  • North America (U.S., Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



  • Ongoing
  • 2021
  • 2018-2020

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