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Potassium Borohydride Market: Overview

Potassium borohydride is a white crystalline chemical found in powdered solid form. It is also called potassium tetrahydroborate and potassium boranate. When exposed to water, it may react violently and there is also possibility to catch fire. Potassium borohydride is stable in dry air. It is toxic by nature and is used to make other chemicals through compounding. It produces flame when it comes in contact with water or moist air. Potassium borohydride is available in the market in bulk quantities. Potassium borohydride has unlimited self-life, if not brought in contact with air and humidity. It can be kept safe in a cool, ventilated, and dry place, away from water and other active materials. The recommended storage temperature for potassium borohydride is 15 degree to 25 degree Celsius.

Potassium Borohydride Market: Drivers & Restraints

The global potassium borohydride market is driven by demand for the product from laboratories, where these chemicals are used extensively, and also by industrial professionals. Potassium borohydride is used in manufacturing of plastics, acid chloride, etc. However, its highly hazardous nature, which is restraining the growth of the market. If inhaled, potassium borohydride can cause breathing problems; when it comes in contact with water, decomposition, or substance it can cause fire, which may lead to injury and even death. Potassium borohydride can cause irritation to nose and lungs, shortening of breath, etc.

Potassium Borohydride Market: Key Segments

Potassium borohydride have applications in chemical, pharmaceutical, water treatment, and others. It is used in synthetic chemistry as a reducing agent. It is a very selective component for the chemical industry and is used to reduce aldehyde and ketone to their corresponding alcohols. Potassium borohydride is also used to synthesize chloramphenicol, thiopenicol, vitamin A, scopolamine, and atropine. Potassium borohydride has different properties than other borohydrides (for e.g. sodium, lithium) as it is insoluble in ethanol, THF, and ether. It is used for the waste water treatment as well as drinking water purification processes.

The global potassium borohydride market can be segmented based on potassium borohydride content, such as, potassium borohydride 99.9%, potassium borohydride >98.0%, potassium borohydride, 98%, and others. The percentage represents the purity of potassium borohydride. Each one of these comprises different properties.

Potassium Borohydride Market: Regional Outlook

Based on region, the global potassium borohydride market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading global potassium borohydride market and is expected to continue with the trend during the forecast period. Europe is also expected to be a leading market for potassium borohydride market in the near future. Demand for potassium borohydride market is primarily driven by rise in water treatment processes and increase in its use in the pharmaceutical industry. In Asia Pacific, increase in investments in the medical industry in countries, such as, India, China, and Indonesia, coupled with growing pharmaceutical industry is expected to boost the potassium borohydride market in the region during the forecast period. The potassium borohydride market in Middle East & Africa is expected to grow at a steady pace in the next few years.

Potassium Borohydride Market: Key Players

Key players operating in the global potassium borohydride market are BASF SE, Anachemla Science, Yingkou Pengda Fine Chemical, Shandong Guobang Pharmaceutical, Nantong Hongzhi Chemical, and Jiangsu Huachang Chemical. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Potassium Borohydride Market

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