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Sodium Borohydride Market

Sodium Borohydride Market (End Use: Pharmaceuticals, Pulp and Paper, Metal Recovery, Textiles, Organic Chemical Purification, Agrochemicals, and Electronic Products) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Sodium Borohydride: Description

  • Sodium borohydride is inorganic compound having chemical formula NaBH4. This inorganic compound is available in form of white crystalline powder and also in aqueous solution which finds useful in wide application in laboratory as well as technical purpose. Sodium Borohydride is mainly used as versatile reducing agent.
  • The major application of sodium borohydride finds in pulp & paper and pharmaceuticals. In pulp & paper, it is used as reducing agent which helps in bleaching pulp to decrease color and increase the brightness.
  • In pharmaceutical, sodium borohydride is used in chemical reaction to produce antibiotic drug. Sodium borohydride also found application in industrial segment and used in metal recovery and chemical purification due to its property of acting as reducing agent in chemical reaction.
  • Sodium borohydride acts as hydrogen carrier and can be used to store hydrogen. Based on this characteristics, efforts are being made to use sodium borohydride in Hydrogen-On-Demand technology in fuel cell segment. Thus, sodium borohydride is expected to have huge demand in fuel cell technology in coming years.
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What are Key Growth Drivers of Global Sodium Borohydride Market?

  • Increase in research & development related to invention of various vaccines and medicinal drugs for treatment and prevention of various disease are the major driving factors which is anticipated to propel the demand for sodium borohydride during the forecast period.
  • Sodium borohydride for pharmaceutical is expected to grow at CAGR of above 5% in terms of volume during the forecast period.
  • The worldwide healthcare sector is transformed technologically. As a part of this technological advancement, governments as well as many key companies from pharmaceutical sector have taken initiatives to develop advanced antibiotics for numerous diseases. As sodium borohydride plays key part in the manufacturing process of antibiotics, it has stupendous demand from the pharmaceutical sector. This factor is driving the growth of the global sodium borohydride market.
  • One of the most important factors supporting the growth of the global sodium borohydride market is rising demand from the paper and pulp industry. This growth can be attributed to the thriving packing industry and growing demand for paper from this industry.

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What are Key Challenges for Global Sodium Borohydride Market?

  • If certain normal industrial safety regulations are followed, sodium borohydride is safe to handle. However, it could cause irritation to the eyes, skin, and respiratory tract. Moisture increases toxicity which may result in skin burning. The hazardous impact of sodium borohydride on human health may hinder this market as consumers may opt for alternative solutions.
  • The factors mentioned above have been restraining the global sodium borohydride market over the last few years

Lucrative Opportunities for Players in Global Sodium Borohydride Market

  • Hydrogen is regarded as a major alternative sustainable energy resource because of its abundant availability, high-energy density, and lack of adverse environmental impact. Sodium borohydride has a high hydrogen storage capacity and is relatively stable. The concerning scenario related to environmental pollution and depletion of fossil energy resources intensifies the need for renewable and clean energy resource for the future.
  • In hydrogen-on-demand systems, sodium borohydride can be used to release hydrogen as needed and the inert salt degraded in the chemical reaction process can be recycled to re-form sodium borohydride.
  • Hydrogen is used in fuel cells to generate electricity and in internal combustion engines for power generation.
  • This technology therefore exhibits immense potential in the automotive sector, thus providing lucrative opportunities in the near future.

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North America to Dominate Global Sodium Borohydride Market

  • In terms of value, North America held the largest share of more than 36% of global sodium borohydride market in 2018.
  • North America contributes majority of the global share in terms of pulp & paper and pharmaceutical manufacturing activity. This is the main factor to drive the demand for sodium borohydride market in North America.
  • The region is expected to dominate the market during forecast period followed by Europe and Asia Pacific. However, Asia Pacific region is likely to experience the fastest growth in the next few years. Increase in pharmaceutical activities especially in emerging economies like China and India are the factors which is anticipated to drive the market during the forecast period.
  • Increasing pharmaceutical activities related to development of various medicinal drugs and use of recycling paper especially in Asia Pacific region are responsible for driving the growth of sodium borohydride market.

Leading Players in Global Sodium Borohydride Market

  • The global sodium borohydride market is highly consolidated with the major players accounting for more than 70% share.
  • Key players in the sodium borohydride market are
    • Kemira
    • Vertellus Specialty Materials
    • Montgomery Chemicals
    • Zhangjiagang City Jinyuan Biochemical Co., Ltd.
    • Nantong Hongzhi Chemical Co., Ltd
    • Shaanxi Hanjiang Pharmaceutical Group Co., Ltd
    • Shandong Guobang Pharmaceutical Co., Ltd
    • Jiangsu Huachang Chemical Co., Ltd
    • Anhui Jin'ao Chemical Co., Ltd. 

Global Sodium Borohydride Market – Segmentation

TMR’s research study segments the global sodium borohydride market in terms of type, application, and region. This report presents extensive market dynamics and growth trends associated with different segments and explains how they are influencing the growth of the global sodium borohydride market.

End Use

Pharmaceuticals

Pulp & Paper

Metal Recovery

Textiles

Organic Chemical Purification

Others (agrochemicals, electronic products etc.)

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Sodium Borohydride Market

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Frequently Asked Questions

What is the Sodium Borohydride Market Size?

Sodium Borohydride Market is projected to reach US$ 2,498 Mn by the end of 2027

What is the CAGR for Sodium Borohydride Market?

Sodium Borohydride Market is expected to grow at a CAGR of 5.2% during 2019 - 2027

What are the key factors driving the growth of the Sodium Borohydride Market?

Rise In Demand For Sodium Borohydride In Pharmaceuticals To Drive Market

Which region is more attractive for vendors in the Sodium Borohydride Market?

Europe and Asia Pacific is a more attractive region for vendors in the Sodium Borohydride Market

Who are the key players in the Sodium Borohydride Market?

Key vendors in the Sodium Borohydride Market are Kemira, Vertellus Specialty Materials, Montgomery Chemicals, Nantong Hongzhi Chemical Co., Ltd, Anhui Jin'ao Chemical Co., Ltd., etc

1. Preface

    1.1. Report Description 

    1.2. Research Scope

    1.3. Market Segmentation

    1.4. Assumptions

    1.5. Research Methodology

2. Executive Summary

    2.1. Global sodium Borohydride market, Revenue (US$ Mn), 2018-2027

    2.2. Market Snapshot

3. Market Overview

    3.1. Product Overview

    3.2. Key Industry Developments

    3.3. Market Indicators

4. Market Dynamics

        4.1.1. Driver 1- Rising demand from pharmaceutical industry

        4.1.2. Driver 2- Growth in paper & pulp industry

        4.1.3. Restraint 1 – Hazardous impact of sodium borohydride on human health

        4.1.4. Restraint 2- High pricing

    4.2. Opportunity 1 – Hydrogen-on-demand Technology

    4.3. Porter’s Five Forces Analysis

    4.4. Value Chain Analysis

    4.5. Global sodium borohydride market Outlook, 2018

5. Market Segmentation- End-use  Segment Analysis

    5.1. Global sodium borohydride market– end-use Analysis

        5.1.1. Pharmaceuticals, Volume ( tons) & Revenue (US$ Mn), 2018-2027 

        5.1.2. Pulp & Paper, Volume (tons) & Revenue (US$ Mn), 2018-2027 

        5.1.3. Metal Recovery, Volume (tons) & Revenue (US$ Mn), 2018-2027

        5.1.4. Textiles , Volume (tons) & Revenue (US$ Mn), 2018-2027

        5.1.5. Organic Chemical Purification , Volume (tons) & Revenue (US$ Mn), 2018-2027

        5.1.6. Others, Volume (tons) & Revenue (US$ Mn), 2018-2027

    5.2. Market Attractiveness Analysis, by End-use

6. Global sodium borohydride market– Regional Analysis

    6.1. North America sodium borohydride market Snapshot

        6.1.1. North America sodium borohydride market– end-use Segment Analysis, Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.1.2. U.S. sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.1.3. Canada sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

    6.2. North America sodium borohydride market Attractiveness Analysis

        6.2.1. Market Attractiveness Analysis – By End -use

        6.2.2. Market Attractiveness Analysis – By Country 

    6.3. North America sodium borohydride - Market Trends 

    6.4. Europe sodium borohydride market Snapshot

        6.4.1. Europe sodium borohydride market– end-use Segment Analysis, Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.4.2. Germany sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.4.3. France sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.4.4. U.K. sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.4.5. Italy sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.4.6. Rest Of Europe sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

    6.5. Europe sodium borohydride market Attractiveness Analysis

        6.5.1. Market Attractiveness Analysis – By End -use

        6.5.2. Market Attractiveness Analysis – By Country 

    6.6. Europe sodium borohydride - Market Trends 

    6.7. Asia Pacific sodium borohydride market Snapshot

        6.7.1. Asia Pacific sodium borohydride market– end-use Segment Analysis, Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.7.2. China sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.7.3. India sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.7.4. Japan sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.7.5. ASEAN sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.7.6. Rest Of Asia Pacific  sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

    6.8. Asia Pacific sodium borohydride market Attractiveness Analysis

        6.8.1. Market Attractiveness Analysis – By End -use

        6.8.2. Market Attractiveness Analysis – By Country 

    6.9. Asia Pacific  sodium borohydride - Market Trends

    6.10. Latin America sodium borohydride market Snapshot

        6.10.1. Latin America sodium borohydride market– end-use Segment Analysis, Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.10.2. Brazil sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.10.3. Mexico sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.10.4. Rest Of Latin America  sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

    6.11. Latin America sodium borohydride market Attractiveness Analysis

        6.11.1. Market Attractiveness Analysis – By End -use

        6.11.2. Market Attractiveness Analysis – By Country 

    6.12. Latin America  sodium borohydride - Market Trends

    6.13. Middle East & Africa sodium borohydride market Snapshot

        6.13.1. Middle East & Africa sodium borohydride market– end-use Segment Analysis, Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.13.2. GCC sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.13.3. South Africa sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

        6.13.4. Rest Of Middle East & Africa  sodium borohydride market– Volume (tons) & Revenue (US$ Mn), 2018-2027

    6.14. Rest Of Middle East & Africa sodium borohydride market Attractiveness Analysis

        6.14.1. Market Attractiveness Analysis – By End-use

        6.14.2. Market Attractiveness Analysis – By Country 

    6.15. Middle East & Africa  sodium borohydride - Market Trends

7. Competitive Landscape

    7.1. Competition Matrix

    7.2. Company Profiles

        7.2.1. Kemira

            7.2.1.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.1.2. Business Overview

            7.2.1.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.2. Vertellus Specialty Materials

            7.2.2.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.2.2. Business Overview

            7.2.2.3. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.3. Montgomery Chemicals Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.3.1. Business Overview

            7.2.3.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.4. Zhangjiagang City Jinyuan Biochemical Co., Ltd. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.4.1. Business Overview

            7.2.4.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.5. Shaanxi Hanjiang Pharmaceutical Group Co., Ltd Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.5.1. Business Overview

            7.2.5.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.6. Nantong Hongzhi Chemical Co., Ltd. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.6.1. Business Overview

            7.2.6.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.7. Shandong Guobang Pharmaceutical Co., Ltd. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.7.1. Business Overview

            7.2.7.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

            7.2.7.3. Business Strategy

            7.2.7.4. Recent Developments

        7.2.8. Anhui Jin'ao Chemical Co., Ltd. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.8.1. Business Overview

            7.2.8.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

        7.2.9. Jiangsu Huachang Chemical Co., Ltd. Company Details (HQ, Foundation Year, Revenue, Employee Strength)

            7.2.9.1. Business Overview

            7.2.9.2. Product/Services, Key Brands, Key Competitors, Key End-user Industries

List of Tables

Table 01: Global Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 02: Global Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 03: North America Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 04: North America Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 05: North America Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2018-2027

Table 06: Europe Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 07: Europe Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 08: Europe Sodium Borohydride Market Size (US$ Mn) Forecast, by Country, 2018-2027

Table 09: Europe Sodium Borohydride Market Volume (Tons) Forecast, by Country, 2018-2027

Table 10: Asia Pacific Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 11: Asia Pacific Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 12: Asia Pacific Sodium Borohydride Market Size (US$ Mn) Forecast, by Country, 2018-2027

Table 13: Asia Pacific Sodium Borohydride Market Volume (Tons) Forecast, by Country, 2018-2027

Table 14: Latin America Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 15: Latin America Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 16: Latin America Sodium Borohydride Market Size (US$ Mn) Forecast, by Country, 2018-2027

Table 17: Latin America Sodium Borohydride Market Volume (Tons) Forecast, by Country, 2018-2027

Table 18: Middle East & Africa Sodium Borohydride Market Size (US$ Mn) Forecast, by End-use, 2018-2027

Table 19: Middle East & Africa Sodium Borohydride Market Volume (Tons) Forecast, by End-use, 2018-2027

Table 20: MEA Sodium Borohydride Market Size (US$ Mn) Forecast, by Country, 2018-2027

Table 21: MEA Sodium Borohydride Market Volume (Tons) Forecast, by Country, 2018-2027

List of Figures

Figure 1: Global Sodium Borohydride Market Size (US$ Mn) and Volume (tons) Forecast, 2018-2027

Figure 2: Global Sodium Borohydride Average Price (US$/ KG) 2018-2027

Figure 03: Global Market Value Share, by End-use (2018)

Figure 04: Global Market Value Share, by Region

Figure 05: Global Sodium Borohydride Market Value Share Analysis, by End-use, 2019 and 2027

Figure 06: Global Sodium Borohydride Size (US$ Mn) and Volume (Tons) Analysis, by Pharmaceuticals, 2018-2027

Figure 07: Global Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Analysis, by Pulp & Paper, 2018-2027

Figure 08: Global Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Analysis, by Metal Recovery, 2018-2027

Figure 09: Global Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Analysis, by Textiles, 2018-2027

Figure 10: Global Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Analysis, by Organic Chemical Purification, 2018-2027

Figure 11: Global Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Analysis, by Others, 2018-2027

Figure 12: Sodium Borohydride Market Attractiveness Analysis, by End-use

Figure 13: Global Sodium Borohydride Market Value Share Analysis, by Region, 2019 and 2027

Figure 14: Sodium Borohydride Market Attractiveness Analysis, By Region

Figure 15: North America Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Forecast, 2018-2027

Figure 16: North America Sodium Borohydride Market Size and Volume, Y-o-Y Growth Projection, 2018-2027

Figure 17: North America Sodium Borohydride Market Attractiveness Analysis, by Country

Figure 18: North America Sodium Borohydride Market Value Share Analysis, by End-use, 2019 and 2027

Figure 19: North America Sodium Borohydride Market Value Share Analysis, by Country, 2019 and 2027

Figure 20: North America Market Attractiveness Analysis, by End Use Type

Figure 21: Europe Sodium Borohydride Market Size (US$ Mn) and Volume (Units) Forecast, 2018-2027

Figure 22: Europe Sodium Borohydride Market Size and Volume Y-o-Y Growth Projection, 2018-2027

Figure 23: Europe Market Attractiveness Analysis, by Country

Figure 24: Europe Market Value Share Analysis, by End-use, 2019 and 2027

Figure 25: Europe Market Value Share Analysis, by Country, 2019 and 2027

Figure 26: Europe Market Attractiveness Analysis by End-use

Figure 27: Asia Pacific Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Forecast, 2018-2027

Figure 28: Asia Pacific Sodium Borohydride Market Size and Volume Y-o-Y Growth Projections, 2018-2027

Figure 29: Asia Pacific Market Attractiveness Analysis, by Country

Figure 30: Asia Pacific Market Value Share Analysis, by End-use, 2019 and 2027

Figure 31: Asia Pacific Market Value Share Analysis, by Country, 2019 and 2027

Figure 32: Asia Pacific Market Attractiveness Analysis, by End-use

Figure 33: Latin America Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Forecast, 2018-2027

Figure 34: Latin America Sodium Borohydride Market Size and Volume, Y-o-Y Growth Projections, 2018-2027

Figure 35: Latin America Sodium Borohydride Market Attractiveness Analysis, by Country

Figure 36: Latin America Sodium Borohydride Market Value Share Analysis, by End-use, 2019 and 2027

Figure 37: Latin America Sodium Borohydride Market Value Share Analysis, by Country, 2019 and 2027

Figure 38: Latin America Sodium Borohydride Market Attractiveness Analysis, by End-use

Figure 39: MEA Sodium Borohydride Market Size (US$ Mn) and Volume (Tons) Forecast, 2018-2027

Figure 40: MEA Sodium Borohydride Market Size and Volume Y-o-Y Growth Projection, 2018-2027

Figure 41: MEA Market Attractiveness Analysis, by Country

Figure 42: MEA Market Value Share Analysis, by End-use, 2019 and 2027

Figure 43: MEA Market Value Share Analysis, by Country, 2019 and 2027

Figure 44: MEA Market Attractiveness Analysis by End Use Type

Figure 45: Global Sodium Borohydride Market Share Analysis by Company (2018)

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