Potassium Fluoroborate Market Size & Share, by Application (Soldering Agent, Abrasive, Metal Processing, Fluxing Agent); Type (Technical Grade, Reagent Grade) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4005
  • Published Date: Apr 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Potassium Fluoroborate Market size is expected to reach USD 493 million by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of potassium fluoroborate was over USD 289 million. The need for potassium fluoborate is driven by the need for more advanced machinery, as well as the need for improved lubricants and metalworking fluids that can withstand the high temperatures and pressures of modern machinery. Furthermore, there has also been an increase in global demand for goods, which has resulted in the need for more metals to be produced, such as steel and iron, which in turn creates a demand for potassium fluoborate. For instance, a total of 132 metric tons of crude steel and 121 metric tons of finished steel were produced in India in FY22. There were 70 MT of crude steel and 69 MT of finished steel produced during April-October 2022. Potassium fluoborate is used in metal production as it helps to increase the quality and strength of these metals. It is also used in the manufacturing of other goods, such as aerospace components, that require metal with a high level of strength and durability.

In addition to these, factors that are believed to fuel the market growth of potassium fluoborate include the increasing demand from various industries such as automotive, construction, and electrical & electronics and the growing demand for potassium fluoborate in flame retardant materials owing to its superior properties such as low toxicity, high thermal stability, and high compatibility with other materials. These factors are expected to drive the market growth of potassium fluoborate, in turn, over the forecast period. Additionally, the increasing demand for ceramics in various industries is expected to further contribute to the growth of the potassium fluoborate market. Globally, the ceramics industry produces around USD 32 billion in value each year, accounting for about 27% of global output. The use of potassium fluoborate in ceramics helps to reduce manufacturing costs and makes the process more efficient.

Potassium Fluoroborate Market
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Potassium Fluoborate Sector: Growth Drivers and Challenges

Growth Drivers

  • Enhanced Use of Potassium Fluoborate (KBF4) In Soldering Agents - Soldering and brazing are used in many processes from assembling circuit boards to welding car parts. As more electric and automotive products are produced, the demand for these labor-intensive processes increases, resulting in an increased demand for soldering and brazing works. For instance, on average, computer, electronic, and optical products account edfor 103 of the Index of Industrial Production in India, up 12% from FY 2021-22. KBF4 is increasingly being used in soldering agents owing to its ability to increase the flow of molten solder, reduce oxidation of the solder, improve electrical contact, and increase the reliability of soldered joints.
  • Rapid Development of Robust Industrial Infrastructure Around the World - For instance, a total of USD 1.3 trillion will be spent by India on infrastructure projects between 2019 and 2023 through the National Infrastructure Pipeline (NIP). The demand for Potassium Fluoborate is driven by its use in industrial applications such as welding, surface coating and fire retardants. The growing demand for these products has resulted in an increased need for the chemical, particularly in the areas of rapid industrial development.
  • Accelerated Consumption Seen in Chemicals Worldwide - A 16% increase in global chemical sales has been reported between 2020 and 2021, from USD 3,760 billion to USD 4,000 billion. With a share of 15%, the EU27 chemical industry ranks second in worldwide sales, followed by the US with a share of 10%.
  • Rapid Growth In The Petrochemicals Industry- It was observed that approximately 3 billion metric tons of petrochemicals were produced globally in 2021, making it the most productive industry in the world. Potassium fluoborate is widely used in the petrochemicals industry for applications such as catalysts, flame retardants and corrosion inhibitors.
  • Availability of Potassium Fluoborate in Varied Forms by Manufacturers- For instance, as a precursor for the manufacture of chemicals, 3MTM 11B Enriched Potassium Fluoborate is available as a white or off-white powder product. It is used for the production of fluoborate salts and fluoborate compounds, which are used in a variety of industries, including pharmaceuticals, electronics, and specialty chemicals.


  • Presence of substitute products - Substitute products, such as sodium fluoborate, are cheaper and offer similar features to potassium fluoborate, making them attractive to many consumers. This can lead to a decrease in demand for potassium fluoborate, hindering market growth.
  • High production costs and the lack of availability of raw materials
  • Lack of consumer awareness about product

Potassium Fluoborate Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 289 Million

Forecast Year Market Size (2035)

~USD 493 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Potassium Fluoborate Segmentation

Application (Soldering Agent, Abrasive, Metal Processing, Fluxing Agent)

The global potassium fluoborate market is segmented and analyzed for demand and supply by application into soldering agent, abrasive, metal processing, fluxing agent and others. Out of these, the abrasive segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the increasing demand for abrasives in automotive and construction industries. Abrasives are used for processing and finishing of metal parts. The ever-increasing demand for precision in car and other vehicle manufacturing necessitates the use of abrasive materials for polishing and grinding. For instance, a total of 78 million motor vehicles were produced worldwide in 2021, an increase of 1.2% from 2020. Over 22,930,200 vehicles were produced by the Indian automobile industry between April 2021 and March 2022, an increase from 22,600,600 units in April 2020 and March 2021. Additionally, the development of advanced abrasives with improved properties such as high hardness and strength is expected to drive the growth of the segment in the future.

Type (Technical Grade, Reagent Grade)

The global potassium fluoborate market is segmented and analyzed for demand and supply by type into technical grade, reagent grade. Out of these, the reagent grade segment is estimated to gain significant market share in the year 2035. The growth of the segment can be attributed to the increasing use of reagent grade in industries such as pharmaceuticals, agriculture, and food & beverages. The reagent grade is used to manufacture high-end products and to improve the quality of existing products. Additionally, reagent grade potassium fluoborate is used in the production of synthetic rubber and in industrial waste water treatment. Moreover, Glass' growing popularity in construction and in automotive applications, as well as the increasing production of glass, is expected to contribute to the segment growth.  A total of 1200 companies produce 205 million tonnes of glass annually across 2155 sites in the glass industry. By 2023, demand for flat fabricated glass is expected to reach nearly USD 135 billion. Reagent grade potassium fluoborate is used in the production of glass because it helps to reduce the melting point of the glass mixture, making it easier and more efficient to produce glass. It also helps to improve the clarity of the glass.

Our in-depth analysis of the global market includes the following segments:

    By Application

  • Soldering Agent
  • Abrasive
  • Metal Processing
  • Fluxing Agent
  • Others

    By Type

  • Technical Grade
  • Reagent Grade

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Potassium Fluoborate Industry - Regional Synopsis

North American Market Forecast

The market share of potassium fluoborate in North America, amongst the market in all the other regions, is projected to be the largest with a share by the end of 2035. The oil and gas industry is undergoing a period of rapid growth owing to the increasing demand for petrochemicals in the region. The rising need for energy, as well as advancements in technology which have allowed for more efficient extraction of oil and other resources. Oil production in the United States is predicted to increase by 630,000 barrels per day to 12.6 million barrels per day by 2023, according to the US Energy Information Administration. Also, the U.S. production of dry natural gas has increased in October and November of 2022, surpassing the records set before the pandemic. Potassium fluoborate is used in the oil and gas Industry to reduce the corrosive effects of oil and gas. It is also used to reduce the formation of scale and to improve the flow of oil and gas through pipes and equipment.

APAC Market Statistics

The Asia Pacific potassium fluoborate market is estimated to be the second largest, registering a share by the end of 2035. The Asia Pacific region has become a major manufacturing hub for the automotive industry owing to the availability of cheap labor and other resources. As a result, there has been an increase in the production and sales of vehicles, which in turn has heightened the demand for potassium fluoborate in the region. For instance, the Chinese automobile industry sold 27 million units in 2021, dominated by passenger cars, which accounted for around 20 million of that number. Potassium fluoborate is a corrosion inhibitor and lubricant used in the production of automobiles and other vehicles. It helps reduce corrosion, friction and wear of metal parts, and it also helps reduce noise and vibration. Moreover, the region is home to some of the fastest-growing economies in the world such as China, India and Japan. It has resulted in an increased demand for potassium fluoborate, which is used in a variety of industrial applications, such as glass production, electronics, and automotive.

Europe Market Forecast

Further, the potassium fluoborate market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the growing demand for a range of applications such as in the production of glass, ceramics and fertilizers. Additionally, the demand for potassium fluoborate is steadily increasing in Europe owing to its superior properties such as low cost, high thermal stability, non-toxic nature and ease of availability. Additionally, the European Union's regulations on hazardous chemicals, such as mercury, further limit the availability of certain materials and components, and potassium fluoborate is increasingly seen as a safe substitute, thus driving demand for it in the region.

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Potassium Fluoroborate Market Size
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Companies Dominating the Potassium Fluoroborate Landscape

    • Solvay S.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • American Elements
    • BASF SE
    • Alfa Aesar (Thermo Fisher Scientific Inc.)
    • Morita Chemical Industries Co. Ltd.
    • AMG Aluminum
    • Coronet Industries Incorporated
    • Strem Chemicals, Inc.
    • CeramTec GmbH
    • Toray Industries, Inc.


In The News

  • 3M has introduced its new abrasive, the 3M Xtract Cubitro II 710W Net Abrasive Disc, which removes up to 97% of dust particles. It has a unique shape that allows it to access hard to reach areas and remove more dust particles than traditional abrasive discs. 

  • With the acquisition of Strem Chemicals UK from Ascensus Specialties LLC, Ascensus expanded into high-purity catalysts, ligands, organometallics, metal carbonyls, and CVD/ALD precursors.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4005
  • Published Date: Apr 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for potassium fluoborate in the manufacture of semiconductors, batteries, and electronics, as well as its use in the production of fluxes, catalysts, and corrosion inhibitors are the major factors driving the growth of the potassium fluoborate market.

The market size of potassium fluoborate is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

High production costs, the lack of availability of raw materials, and the lack of consumer awareness are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Solvay S.A., American Elements, BASF SE, Alfa Aesar (Thermo Fisher Scientific Inc.), Morita Chemical Industries Co. Ltd., AMG Aluminum, Coronet Industries Incorporated, Strem Chemicals, Inc., CeramTec GmbH, Toray Industries, Inc., and other key market players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, type and by region.

The abrasive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Potassium Fluoroborate Market Report Scope

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