Nov 14, 2016 · according to the report, boric acid is the second largest borate derivative by volume, borax being the first. the demand for boric acid is on a rise over the past few years due to new applications of boric acid, such as its substitution over other minerals. china and the us are the largest consumers of boric acid. About us. indo borax is synonymous with boric acid and is referred to as the industry standard for many comparisons made in the industry indo borax came into existence in 1980 and we trace our roots to asangaon in maharashtra where our first boric acid plant was established in the year 1981, followed by the establishment of a borax plant in 1983. Borax is an important boron compound, a mineral, and a salt of boric acid with a powdery white appearance. “borax” may refer to similar compounds, distinguished by their water content including: borax pentahydrate (na 2 b 4 o 7 · 5 h 2 o); anhydrous borax or sodium tetraborate (na 2 b 4 o 7 ); borax decahydrate (na 2 b 4 o 7 · 1 0h 2 o). We have compiled a list of boric acid suppliers in the usa, the companies listed have a genuine united states presence and include: manufacturers, distributors, wholesalers, industrial, retail and bulk suppliers.