Potassium Tetrafluoroborate Market may exceed USD 340 million by 2025; according to a new research report.
Growing demand for abrasives in various applications including automotive, metal fabrication, machinery and electronics may drive potassium tetrafluoroborate market. The product is widely used as a filler in preparation of abrasives material of the thermosetting resin grinding wheel which may drive the industry growth. These materials are used for aluminum and magnesium metal casting which may boost product growth.
Growing trends in chemical industries owing to demand for various chemicals such as boron trifluoride which is used in agrochemical, petrochemical and pharmaceutical industries may drive the product market size. The product is used as a catalyst in formation of various chemicals and is used in electrochemical engineering and chemical testing which may boost product demand.
98% purity market demand may surpass USD 225 million by 2025. Consumption of aluminum metal in various industries such as automotive, construction, electronics and aerospace owing to its light weight may drive the industry growth. The product is used as a raw material in manufacturing of aluminum, titanium and boron alloys which may boost industry growth.
North America driven by the U.S. and Canada potassium tetrafluoroborate market may register significant growth at over 3.5% by 2025 owing to growing demand for various abrasives which are used in metal fabrication equipment. The product offers various fabrication tools and machine parts which induces abrasives to provide resistance in these tools which may drive regional industry growth.
Europe led by Germany, UK, France and Italy potassium tetrafluoroborate market was valued at over USD 65 million by 2025. Rising trends in automotive industry owing to growing passenger demand for lighter vehicles may indulge the usage of aluminum in automotive parts which may boost industry growth. It is used in aluminum metallurgy for fabrication of automotive vehicle parts which reduces fuel efficiency making the vehicle lighter, thereby driving the regional industry growth.