Disodium Octaborate Tetrahydrate Market: Overview
Disodium octaborate tetrahydrate is an alkaline salt with a strong odor. It is used as a pesticide and insecticide in the form of powder and mothballs. Its solubility in water is low and it is highly volatile, owing to which it is used to control moths, mold and mildew. Disodium octaborate tetrahydrate is used to control insect infestation in crops, it is used as a fumigant for clothes and for ant control. Industrially, disodium octaborate tetrahydrate is used to prevent leather and other fabrics from mold and mildew attack. The vapors of disodium octaborate tetrahydrate are toxic to insects, mildews, and molds. Additionally, disodium octaborate tetrahydrate is used as a flame retardant.
Disodium octaborate tetrahydrate is a broad range insect repellant. It is used as an insect repellant for plums, apricots, nectarines, cherries and other fruits. It controls soil diseases, potato weevil, root aphids, peach tree borer, wire worms and other insects. It is commercially available in the form of an oil suspension, liquid and powder form which is applied at the base of trees especially for peach tree borer control. In the liquid form, disodium octaborate tetrahydrate is diluted and sprayed on wood surfaces to kill termites, fungi, algae and ants. In structural woods, it can be embedded in the form of pellets. It is found to reduce dust mite populations when applied at regular intervals in residential and commercial spaces.
Disodium Octaborate Tetrahydrate Market: Growth Enablers
The growth of the pest management industry for domestic and commercial purposes has been driving the growth of disodium octaborate tetrahydrate market. This trend is expected to continue within the forecast period. Additionally, the increasing use of flame retardants in order to prevent accidents has been augmenting the growth of disodium octaborate tetrahydrate market.
Flame retardants reduce the risk of a fire starting and its propagation. This function increases the time duration available for escaping from a site of fire. However, the use of disodium octaborate tetrahydrate in large concentrations is detrimental to human health; this disadvantage of disodium octaborate tetrahydrate could hamper the growth of this market in the coming years. Bio based disodium octaborate tetrahydrate which are milder on the environment are expected to open new areas of opportunity for the disodium octaborate tetrahydrate market in the coming years.
Disodium Octaborate Tetrahydrate Market: Regional Insight
This market is expected to show phenomenal growth over the next six years primarily due to the growth of the agro-based and building & construction industries. The growing safety regulations with respect to fire have increased the demand for this chemical. The thriving, building & construction industry and agricultural farmlands of Latin America, China and India are the dominant consumers of disodium octaborate tetrahydrate.
U.S. and Western Europe are anticipated to exhibit moderate demand for disodium octaborate tetrahydrate for flame retardant application. The increasing number of governmental regulations in these regions to incorporate flame retardant additives for consumer safety has been a key factor propelling the growth of this market in the U.S and Western Europe.
Disodium Octaborate Tetrahydrate Market: Key Players
The key players in this market are ABI Chemicals, AK Scientific, Alfa Aesar, Angene, Apollo Scientific Ltd, Conier Chem, Haihang Industry Co. Ltd, Dalian Haokang Electronic Technology Co., Ltd, GFS Chemicals, Finetech Industry, Hangzhou Uniwise International Co., Ltd, Hengyang KT Chemical Co., Ltd, J and K Scientific, Merck Millipore, Sigma – Aldrich, TCI, Wuhan Fortuna Chemical Co., Ltd, Triveni Chemicals and Tractus Co. Ltd among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.