Sodium Borohydride Market Report 2019-2026 | Guobang Pharmaceutical, Kemira, Ascensus (Vertellus), Huachang
Sodium Borohydride Introduction
Sodium Borohydride, also known as sodium tetrahydroborate and sodium tetrahydroborate, is an inorganic compound having the formula NaBH4.
Scope of Sodium Borohydride Market
This report studies the Sodium Borohydride market from the perspectives of enterprises, regions, product types and terminal industries, and forecasts the market through the analysis of the status quo. In this study, 2018 has been considered as the base year and 2019 to 2026 as the forecast period to estimate the market size for Sodium Borohydride.
The global Sodium Borohydride market size is valued at USD 494 million in 2019 and is projected to reach USD 812 million by 2026, witnessing a CAGR of 7.36% throughout the forecast period.
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Growth Factors
The growing demand for electronic and agrochemical products with organic chemical purification, recovery of textiles and metals contributed to market growth. The sodium borohydride market is also driven by the growing demand of the pharmaceutical industry, which is an important raw material for manufacturing various pharmaceutical products. In addition, the demand for innovative technologies such as hydrogen on demand has increased significantly, offering huge opportunities for the sodium borohydride market in the coming years. On the flip side, the sodium borohydride market is likely to expect hurdles owing to the growing awareness of the high cost of these products and its side effect on human health.
Key participants
Sodium borohydride companies are mainly from Asia-Pacific; the industry concentrate rate is very high. The top three companies are Guobang Pharmaceutical, Kemira, and Ascensus (Vertellus) with the revenue market share of 41.32%, 21.98%, and 18.32% in 2018. Other prominent vendors in the market also include Huachang, Nantong Hongzi, Montgomery Chemicals, JSC Aviabor, and etc.
Geographical Perspective
From a geographical perspective, the global sodium borohydride market is spread across North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2018, the global sodium borohydride market is led by Europe, capturing about 33.24% of the global production value. Asia-Pacific is the second-largest region-wise market with 30.25% global share, followed by North America (28.78%). North America and Europe are projected to hold a generous share of the sodium borohydride market attributable to the quickly developing pharmaceuticals and chemicals enterprises. The Asia-Pacific region is expected to be another important market due to the growth of industrial activities and the research and development of alternative energies. Moreover, it is also expected that the sodium borohydride market in the Middle East and Africa will increase slowly due to the improvement of economic conditions in these regions.
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Type Synopsis
On the basis of type, the market comprises of Powder Type, Solution Type, Granules Type, Pellets Type, and Other. And the proportion of Powder Type in 2017 is about 41.25%, and the proportion is in decreasing trend from 2013 to 2017.
Application Synopsis
By application, the Sodium Borohydride Market can be divided into Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, and Other. Pulp & Paper industry and pharmaceuticals occupy the major chunk of its user base and will positively influence the sodium borohydride market. Pulp and paper industry will witness growth due to increased use of tissue and other paper-based toiletries owing to increasing awareness about personal hygiene and cleanliness. Furthermore, increased focus on healthcare has led to higher investments in medical research and development of antibiotics and cancer treatment which, in turn, will help the sodium borohydride market growth.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Sodium Borohydride Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Sodium Borohydride Market by Types
4 Segmentation of Sodium Borohydride Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Sodium Borohydride Market in Major Countries
7 North America Sodium Borohydride Landscape Analysis
8 Europe Sodium Borohydride Landscape Analysis
9 Asia Pacific Sodium Borohydride Landscape Analysis
10 Latin America, Middle East & Africa Sodium Borohydride Landscape Analysis
11 Major Players Profile
11.1 Guobang Pharmaceutical
11.1.1 Guobang Pharmaceutical Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Kemira
11.3 Ascensus (Vertellus)
11.4 Huachang
11.5 Nantong Hongzi
11.6 Montgomery Chemicals
11.7 JSC Aviabor
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Target Audience:
Sodium Borohydride manufacturers
Distributors and resellers of Sodium Borohydride
Sodium Borohydride industry associations
Sodium Borohydride end-user sectors
Raw material suppliers of Sodium Borohydride
Product managers, Sodium Borohydride industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
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