Sodium Borohydride Market Revenue to close at USD 2764.39 MN by 2027
Posted On February 24, 2021
The Global Sodium Borohydride Market is foreseen to grow at a remarkable CAGR of 7.5% during the year 2020-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 2764.39 MN by 2027. Sodium borohydride, NaBH4, is a reducing agent widely used both industrially and in laboratories. The increasing demand for a versatile reducing agent with unique reduction, bleaching, brightening, and purification properties for use across various industries and research laboratories will be the primary driver for the market's growth. The increased use of NaBH4 in kraft pulping to increase the pulp yield and brightness of the paper significantly will benefit market growth. Recent advances in using this chemical to implement sustainable fuel cell technology for mobile and stationary applications will be a market booster. The emerging use of NaBH4 in pharmaceuticals and agrochemical industries will improve the market growth. The health hazards associated with handling sodium borohydride and the high costs will restrict this market's growth.
Sodium borohydride, also known as sodium tetrahydroborate, is used as a reagent to reduce a broad spectrum of organic carbonyls, aldehydes, and ketones. It is a relatively selective reducing agent and is used mainly to prepare a bleaching agent for wood pulp. In medicine, it is used in the manufacture of several antibiotics like thiamphenicol, dihydrostreptomycin. Few other exciting uses include the production of light stable hops, reducing foxing in ancient documents and books, and synthesis of gold nanoparticles, which are used in various fields such as chemotherapy, radiotherapy, medical research, etc. The relatively low cost, easy availability, and ease of handling contribute to its popularity.
The geographical and segmentation study covered in the report "Global Sodium Borohydride Market Report By End Use (Pulp And Paper, Metal Recovery, Organic Chemical Purification, Pharmaceuticals & Agrochemicals, Textiles, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" helps in understanding the upcoming trends of the market.
On the basis of end use the market is segmented into Pulp and Paper, Metal Recovery, Organic Chemical Purification, Pharmaceuticals & Agrochemicals, Textiles, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Sodium Borohydride Market -
By End Use
- Pulp and Paper
- Metal Recovery
- Organic Chemical Purification
- Pharmaceuticals & Agrochemicals
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
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, and Anhui Jin'ao Chemical Co., Ltd.
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