The potassium tetrafluoroborate market was valued US$ 242 Mn in 2019 and is expected to reach 425 Mn by 2027, at a CAGR of 5.2% during a forecast period.

Global Potassium Tetrafluoroborate Market

Market Definition:

Potassium tetrafluoroborate is obtained by reacting potassium hydroxide with tetrafluroboric acid. Potassium tetrafluoroborate is a potassium salt of tetrafluroboric acid having chemical formula 〖KBF〗_4.The chemical is white in color, odourless, and insoluble in water. Ultra-high purity and high purity compositions improve both visual quality and utility recorded as scientific standards.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and the same is reflected in our analysis.

Market Drivers and Restraints:

Mounting demand for abrasives result in enormous demand for polishing and grinding applications by numerous end-use sectors including metal fabrication, automotive, machinery, and electronic & electrical equipment projected to drive the overall potassium tetrafluoroborate market returns. Escalating growth recorded by metal processing and machining in the automotive and industrial sector is expected to drive potassium tetrafluoroborate market demand in the near future. Potassium tetrafluoroborate is primary choice of the manufacturer in the production of aluminum alloy as an additive. Increasing demand for the targeted materials for several chemicals depends on its different uses in industries, for instance, pharmaceutical, chemical, agrochemical, and petrochemical owing to its non-flammable and compressed characteristics will drive the product growth. High boron concentration content aluminum is synthesized by the reaction of the product itself. This process gives good molten alloy fluidity, which drives the demand for the product.

Furthermore, the major side effects related to the incorporation of the product is expected to hamper the potassium tetrafluoroborate market by 2027. Cost of the synthesis is another factor to drop the market demand in the coming years.

Potassium Tetrafluoroborate Market Segment analysis:

By the purity segment, the 98% subdivision is anticipated to dominate the market growth during the forecast period. The high demand for the product with 98% purity is the result bending interest of the manufacturer towards oxygen-sensitive products at the workplace, such as application in the production of titanium, aluminum, metal alloys which is expected to propel the market demand during the forecasted period. On the other hand, insolubility of the product in water is making it the main source that is utilized as a fluxing agent in metal processing industries for making of boron alloys using aluminum and magnesium casting. It is further used as a raw material for the production of numerous fluorine salts, hence considered as a major driving factor for the market.

Potassium Tetrafluoroborate Market Regional Analysis:

North America is expected to dominate the potassium tetrafluoroborate market and is expected to grow at a CAGR of XX % during the forecast period. The forthcoming automotive industry in the region post-2019 economic recession has positively influenced the product demand. Rising demand for abrasives in various machinery units which delivers cultured machine parts and accuracy tooling is expected to encourage industry growth. Furthermore, advancement in electrical and electronic industry will push the market demand in the coming years.

APAC holds the largest market share for potassium tetrafluoroborate in 2019 after North America and is expected to show a significant growth during the forecast period. The key reason attributed to the rapid industrialization and thriving automotive and construction industry as these sector widely demand apparatus for cutting, grinding, and polishing thus promoting high consumption of potassium tetrafluoroborate in above mentioned industries will boost the regional market growth. Developing regions like India, China, and Japan are considered major contributors for the Potassium Tetrafluoroborate market growth in the Asia Pacific region.

The objective of the report is to present a comprehensive analysis of the Global Potassium Tetrafluoroborate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Potassium Tetrafluoroborate Market dynamics, structure by analysing the market segments and project the Global Potassium Tetrafluoroborate Market size. Clear representation of competitive analysis of key players By Purity, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Potassium Tetrafluoroborate Market make the report investor’s guide.

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Scope of Potassium Tetrafluoroborate Market

Global Potassium Tetrafluoroborate market, By Purity

• 98% Purity
• 99% Purity
Global Potassium Tetrafluoroborate market, By Application

• Metal Processing
• Soldering Agent
• Fluxing Agent
• Abrasives
Global Potassium Tetrafluoroborate Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Potassium Tetrafluoroborate Market,

• American Elements
• Morita Chemical Industries
• Honeywell Fine Chemicals
• STELLA CHEMIFA CORPORATION
• Hunan Merits New Material Co. Ltd
• Coronet Industries, Inc
• Foshan Nanhai Double Fluoride Chemical Co. Ltd
• Reewood International Limited
• AMG Aluminum
• Derivados del Flúor
• Harshil Industries
• Madras Fluorine Private Ltd
• S.B. Chemicals
• Solvay
• Alfa Aesar





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