The global Sodium Borohydride Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.7% during the review period (2022 to 2027)
Sodium borohydride also known as sodium tetrahydridoborate and chemically written as NaBH4 is an inorganic compound as white crystalline powder as well as aqueous solution. It a multipurpose reducing agent which is related in industrial and technical application areas. It is also used as bleaching agent in paper and pulp industry. It is frequently used as hydrogen storage agent and reducing agent in production of sodium dithionite.rising demand for bleaching agents from paper & pulp industries is likely to drive the market. rising demand for paper packaging materials from various sector due to environmental sustainability is likely foster the demand for bleaching agents. Additionally, growing demand for reducing agents from industrial and chemical sector for hydrogen storage and chemical synthesis shall positively impact the market.Fast developing research and development activities with medication and the prosperous paper and pulp industry have expanded the need of reducing agents for different end-use applications in numerous regions over the globe and increasing owing to the developing mesh and paper industry. Sodium borohydride market will observer growth on the record of its application to produce sodium dithionite, a reducing agent utilized in wood pulp and bleaching businesses. Sodium dithionite is additionally used to produce alcohols by reducing aldehydes and ketones which are utilized to manufacture different antibiotics. The high price of sodium borohydride and its side effect on human health which might act as a barrier for the global sodium borohydride market, this hinders growth of the market.
Top Key Players in the Sodium Borohydride Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Sodium Borohydride Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Vertellus, Kemira, Guobang Pharmaceutical, MC, Huachang, Nantong Hongzi, JSC Aviabor ,Vertellus Holdings LLC, The Dow Chemical Company, Nantong Hongzhi Chemical Co., Ltd, Montgomery Chemicals, Kemira and others.
Industry News
June 24, 2015
Purchases of Pentagon and Dow’s borohydride business unit put company on growth trajectory
Like the cars that scream around the Indianapolis 500 track a few miles from its headquarters, specialty chemical firm Vertellus is packing extra power under the hood these days.Vertellus added considerably to its chemistry horsepower in the past six months by first acquiring U.K. fine chemicals maker Pentagon Chemicals and then Dow Chemical’s sodium borohydride business.The deals brought facilities, chemistry capabilities, and product lines that Vertellus did not have before. The firm says the acquisitions will expand its offerings beyond the pyridine chemistry that has long dominated its portfolio.Owned and bankrolled by Chicago-based private equity firm Wind Point Partners, Vertellus was formed in 2006 by the merger of U.S. pyridine producers Rutherford Chemicals and Reilly Industries. It is the world’s largest producer of pyridine and picoline. The company’s annual sales today approach $800 million. Pentagon added about $60 million in sales, while the sodium borohydride business brought approximately $100 million. Vertellus doesn’t disclose profit figures but indicates that, even before the acquisitions, profits had been rising.
Sodium Borohydride Market is segmented based on the type, applications, companies and regions.
By Type, Sodium Borohydride Market has been segmented into
The end user’s industry application on Sodium Borohydride Market is,
Sodium Borohydride Market Regional Analysis
North America accounts for the max share in the global market. Large manufacturing base for chemicals is likely to contribute to the total market share. Asia Pacific is the max producer of sodium borohydride. Owing to the increasing demand from paper & pulp and packaging sector the regional market is expected to experience growth.
The report offers in-depth assessment of the growth and other aspects of the Sodium Borohydride Market in important regions, including the
North America
Sodium Borohydride Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Sodium Borohydride Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.7% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Vertellus, Kemira, Guobang Pharmaceutical, MC, Huachang, Nantong Hongzi, JSC Aviabor ,Vertellus Holdings LLC, The Dow Chemical Company, Nantong Hongzhi Chemical Co., Ltd, Montgomery Chemicals, Kemira and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 98 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Sodium Borohydride Market is studied from 2017 - 2027.
What is the growth rate of Sodium Borohydride Market?
The Sodium Borohydride Market is growing at a CAGR of 6.7% over the next 5 years.
What regions does this Sodium Borohydride Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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