Boron Trifluoride Market – Snapshot
Boron trifluoride (BF3) is a compressed, non-flammable gas, which is primarily used as a catalyst in various chemical reactions in industries such as chemical, agrochemical, petrochemical, and pharmaceuticals. Major end-uses of boron trifluoride include chemical manufacturing and semiconductor manufacturing. It is also employed in the pharmaceuticals industry. Commercially, two grades of boron trifluoride are widely used: purified and high purity. The purified grade is primarily used in various applications in the chemical industry. High purity grade is majorly employed in applications in pharmaceuticals and semiconductor industries. The global boron trifluoride market is likely to expand at a steady pace in the near future, especially in Asia Pacific, owing to the growth in end-user industries.
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BF3 gas is largely used as a catalyst in several chemical reactions such as polymerization of olefins, diolefins, vinyl ethers/esters, heterocyclic unsaturated organic compounds, unsaturated acids, and terpene derivatives; Friedel-Crafts reactions; isomerization of paraffins and unsaturated hydrocarbons; and cyclization reactions. BF3 catalysts are also employed in the alkylation of aromatic hydrocarbons and phenols with olefins and alcohols. They are also used in chemical synthesis of acetals and ketals, indoles, alpha-methoxymercurials, steroids and intermediates, and hydroxyl fatty acids. In the chemical reactions mentioned above, BF3 acts as a versatile catalyst, which helps improve the efficiency and yield of the process, and quality of end-products. It also lowers production costs. As a result, BF3 gas is employed in several end-use industries such as polymers & plastics, chemicals & petrochemicals, semiconductors & electronics, and pharmaceuticals. Chemicals & petrochemicals is the leading consumer of BF3. The usage of BF3 as a catalyst in the chemical industry has been rising. This is expected to propel the demand for BF3 in the near future.
Boron trifluoride is irritating to the skin, eyes, and mucous membranes. It also leads to chemical and thermal burns. These burns are caused by the formation of strong acids, such as fluoroboric acid, due to the reaction of BF3 with moisture. There are high chances of the occurrence of chemical and thermal burns if BF3 gas is released in the atmosphere under normal working conditions, as it is a strong Lewis acid with high affinity toward chemicals and atmospheric gases possessing electron pair donors. Furthermore, inhalation of BF3 gas is highly suffocating and irritating to the respiratory system. Prolonged exposure to the gas can lead to acute toxic effects. Thus, utmost care needs to be taken by workers involved in daily handling of the gas. In view of this, several government regulatory authorities have imposed restrictions on the usage and transport of BF3. The permissible exposure limit established by the U.S. Occupational Safety & Health Administration (OSHA) is 1 ppm (3 mg/m³), which has also been confirmed by the American Congress of Governmental Industrial Hygienists (ACGIH) as airborne Threshold Limit Value (TLV). Exposure to any level above this value is allowed only with proper respiratory and other protective equipment. Transportation of BF3 gas, especially vast quantities of the gas over long distances, is a tedious task. These factors are anticipated to hamper the boron trifluoride market in the near future.
The boron trifluoride market has been segmented based on grade, application, end-use, and region. Based on grade, the boron trifluoride market has been bifurcated into purified and high purity. In terms of revenue, the purified segment constituted major share of the market in 2017. In terms of application, the boron trifluoride market has been segregated into catalyst, reagent, and others. In terms of revenue, the catalyst segment held nearly 60% share of the market in 2017. Based on end-use, the boron trifluoride market has been divided into semiconductor manufacturing, chemical manufacturing, pharmaceuticals, and others. In terms of revenue, the chemical manufacturing segment accounted for a major share in 2017.
In terms of region, the boron trifluoride market has been classified into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the boron trifluoride market in 2017. This trend is estimated to continue during the forecast period. The region is projected to create lucrative opportunities for the boron trifluoride market in the near future. China is likely to dominate the market in Asia Pacific, led by the expansion in end-user industries, particularly chemical and semiconductor industries, in the country. China is among the leading markets for chemicals as well as semiconductors. It tops the list of major chemical producing as well as exporting countries across the globe. Furthermore, the country is a prominent exporter of semiconductor devices across the globe. Expansion in the boron trifluoride market in Asia Pacific can also be ascribed to the high growth potential of the market in India, Japan, and ASEAN countries such as Malaysia and Singapore. The chemical manufacturing segment is the major consumer of boron trifluoride in Asia Pacific.
Boron trifluoride is a consolidated market; less number of producers operate in the market. Furthermore, these producers are more active at the regional level with localized production facilities. Key players operating in the boron trifluoride market include Honeywell International Inc. BASF SE, Stella Chemifa Corporation, Entegris Inc., and Navin Fluorine International Ltd.
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Boron Trifluoride Market to Gain Traction Owing to Increasing Demand from Chemical Industry
Boron trifluoride is a drab gas with an impactful smell. It is harmful by inward breath. It is solvent in water and gradually hydrolyzed by chilly water to emit hydrofluoric corrosive, a destructive material. Its fumes are heavier than air. Drawn out openness of the holders to fire or warmth may bring about their savage bursting and soaring. Boron Trifluoride (BF3) is a non-combustible packed gas that is utilized as an acidic impetus or co-impetus in a fluctuating cluster of natural combination responses, for the assembling of engineered oils and grease added substances and in the creation of high-virtue boron isotopes. It is one of the most grounded Lewis acids (an electron-pair acceptor) responding promptly with synthetic compounds containing oxygen, nitrogen, sulfur, and other electron-pair givers. Boron Trifluoride (BF3) can be found in a few applications. As a solid Lewis corrosive, BF3's synergist properties are utilized for such responses as alkylation of sweet-smelling hydrocarbons, polymerization of phenolic and epoxy tars alongside other isomerization, esterification, and buildup responses.
Decrease in the utilization of sulphuric corrosive and oleum as crude materials in the assembling of boron trifluoride has been a new pattern concerning mechanical turns of events. Manageable interest for green items is assessed to fuel the worldwide boron trifluoride and buildings market in the coming years.
BF3 impetuses are likewise utilized in the alkylation of sweet-smelling hydrocarbons and phenols with olefins and alcohols. They are likewise utilized in substance union of ketals and acetals, hydroxyl unsaturated fats, alpha-methoxymercurials, intermediate and steroids, and indoles. In the substance responses referenced above, BF3 goes about as a flexible impetus, which improves the effectiveness and yield of the interaction, and nature of final results. It likewise brings down creation costs. Thus, BF3 gas is utilized in a few end-use ventures like polymers and plastics, synthetic substances and petrochemicals, semiconductors and gadgets, and drugs. Synthetic substances and petrochemicals is the main customer of BF3. The use of BF3 as an impetus in the compound business has been rising. This is required to impel the interest for BF3 sooner rather than later.