Global Sodium Borohydride Market was valued at US$ XX Bn in 2019, and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during forecast period.
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Sodium Borohydride market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Sodium Borohydride market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Sodium borohydride is an inorganic compound with white solid, usually encountered as a powder, is a reducing agent that finds application in chemistry, both in the laboratory and on a technical scale. Sodium borohydride has been tested as pretreatment for pulping of wood, but is too costly to be commercialized. It is soluble in alcohols, certain ethers, and even water, although it slowly hydrolyzes.
Sodium Borohydride is used extensively in the pharmaceutical industry as a safe and effective reduction technology in the production of many Active Pharmaceutical Ingredients. Sodium or Potassium Borohydride can also be used in-situ to produce other more hostile reducing agents cost effectively.
Furthermore, Sodium borohydride used in the manufacture of reductive bleach to enhance magazine and newsprint grade paper, the pulp and paper industry is the largest market for Sodium Borohydride products. The demand for sodium borohydride in the paper and pulp industry will remain high due the rising demand for paper in the packing industry.
In metal recover it is extremely effective for reducing metal ions back to their free metal state and is an economic way to remove metals such as silver, copper, and nickel from chelated wastewater streams.
In the textile industry, Sodium Borohydride used in combination with sodium bisulfite, and it is used instead of replacement for Sodium Hydrosulfite in vat dyeing, indigo dyeing, color stripping, reductive clearing, machine cleaning and many other applications where a stable, environmentally desirable reducing agent is required.
In organic chemical purification, Sodium Borohydride improve the color, odor and stability of organic chemicals. Sodium Borohydride works by reducing ketones, aldehydes, peroxides and metal impurities that can lead to color, odor and product instability.
Sodium borohydride is a hazardous chemical, the use of it may cause impact on health such as irritation on skin, eyes, and respiratory tract that needs to be taken care with which the market could grow effectively. This thing will hamper the market growth during the forecast period. High prices are also increasing worries for the market to grow efficiently.
Geographically, North America held the largest share in the global sodium borohydride market while Asia Pacific is the largest producer in 2017. These two regions will likely hold a considerable share by 2026. Since the product demand is directly linked with the antibiotics consumption, the Asia pacific region being the most populous region in the world with low quality healthcare has the highest scope for the sodium borohydride market. Furthermore, Asia Pacific is expected to be the strongest contender in the global market due to the rising pharmaceutical activities in emerging economies such as India and China.
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Global Sodium Borohydride Market, by Application
• Pulp & Paper
• Metal Recovery
• Organic Chemical Purification
• Electronic Products
Global Sodium Borohydride Market, by Region
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Sodium Borohydride Market
• Vertellus Specialties
• Montgomery Chemicals
• The Dow Chemical Company
• Nantong Hongzhi Chemicals
• Qingdao KYX
• Shanghai Shenyu Pharmaceutical & Chemical
• Shandong Guobang Pharmaceutical Industry
• Guangxi Guilin Pharmaceutical
• Jinyuan Biochemical
• Zhangjiagang Jiangsu Huachang Chemical
• Anhui Jin'ao Chemical
• Guobang Pharmaceutical
• JSC Aviabor
• Jiangsu Huachang Chemical
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