According to a recent market study published by Growth Market Reports, titled, “Global Sodium Borohydride Market by types, by purity, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2019-2030”, the market was valued at US$ 1,487.84 Million in 2021 and is expected to grow at a growth rate of 7.49 % by the year 2030.

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Sodium Borohydride is an inorganic compound with the formula NaBH4 (also known as sodium tetrahydridoborate and sodium tetrahydroborate). NaBH4 compound shown as a white to off-white fine crystalline powder or lump. In both inorganic and organic synthesis, sodium borohydride is frequently utilized as a reducing agent. A carbonyl group can be selectively reduced to a hydroxyl group by sodium borohydride without interfering with the carbon-carbon double bond or triple bond process. The nitrile can be converted back to an aldehyde with a tiny amount of sodium borohydride, with any excess being converted to an amine.

Sodium borohydride, also known as sodium tetrahydridoborate and sodium tetrahydroborate, is an inorganic compound with the formula sodium borohydride. Molecular weight of sodium borohydride is 37.83 grams per mole. It is an odorless white to gray-white microcrystalline powder or pellets available in solution form. It is soluble in protic solvents such as water and lower alcohols.

The Sodium Borohydride Market has been fragmented based on by Types, by Purity, by Applications, by Region. By Types, the Global Sodium Borohydride Market is categorized as Powder Type, Granule Type, Solution Type, Pellets Type. In terms of purity, the market is categorized as Below 98% Purity, above 98% Purity. In terms of applications, the market is categorized as Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, Others. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a moderate impact on the industry due to the simultaneous reduction of supply and demand. The COVID-19 pandemic caused a slight slowdown in market expansion. Once these sectors having recovered from the pandemic's effects, the market for other end-user industries is likely to restore its growth rate.

As per Growth Market Reports industry analyst Sumitra Chaudhary, “The expanding chemical, pharmaceuticals, metal reduction Industry is expected to contribute to the growth of the Global Sodium Borohydride Market.

The supply chain in developed regions has been accelerated by the addition of large suppliers, manufacturers, and distributors, the availability of raw materials, and the presence of integrated logistics. In supply chain management, Raw materials used for manufacturing Sodium Borohydride are shipped to manufacturing locations for processing. In manufacturing units, Sodium Borohydride is manufactured by processing raw materials through various steps and processes.

Key Takeaways from the Study

  • The players in the Sodium Borohydride market include Vertellus, American Elements, Ascensus, SHILPA CHEMSPEC INTERNATIONAL PRIVATE LIMITED, Midas Pharma GmbH, Tokyo Chemical Industry Co., Ltd. (TCI), SimSon Pharma Limited, Merck KGaA, Spectrum Chemical, Montgomery Chemicals, LLC, Jiangsu Huachang Chemical Co., Ltd. Vertellus holds a major market share of the Sodium Borohydride market in the year 2021.
  • Increased usage of sodium borohydride as multipurpose reducing agent, Rising usage of sodium borohydride as bleaching agent in paper & pulp industry, Growing usage of sodium borohydride in pharmaceutical industry, usage of sodium borohydride in metal recovery, are factors expected to drive the market over the forecast period. Increased usage of sodium borohydride as a hydrogen storing agent is expected to drive the global Sodium Borohydride market.
  • In terms of types, the market is segmented into Powder Type, Granule Type, Solution Type, Pellets Type. Sodium Borohydride market in 2021, The powder type segment is projected to hold a key share of the market owing to industry powder, sodium borohydride is used in chemical production of potassium borohydrates and borane.
  • In terms of purity, the market is segmented into Below 98% Purity, Above 98% Purity. Above 98% purity NaBH4 is mainly used in pharmaceutical research & development, as it focuses on advancements and inventions of new drugs in which, sodium borohydride acts as a hydrogen carrier in a fuel cell, which is expected to offer opportunities in the near future.
  • Based on application the market has split the Global Sodium Borohydride Market is fragmented into Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, Others. Sodium borohydride is extensively used in the pharmaceutical industry in the production of antibiotics and other drugs. In one common example, sodium borohydride is used to produce sodium dithionite, which is sold as a stabilized powder or produced on site.
  • In terms of regions, the Global Sodium Borohydride markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in North America is anticipated to expand in the coming years, due to the large number of chemical manufacturing industries and growing number of pulp & paper manufacturing industries.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 1,487.84 Million

Market Growth Rate (from 2022 to 2030)

7.49%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Purity, By Application and By Region

Key Companies Profiled

Vertellus, American Elements, Ascensus, SHILPA CHEMSPEC INTERNATIONAL PRIVATE LIMITED, Midas Pharma GmbH, Tokyo Chemical Industry Co., Ltd. (TCI), SimSon Pharma Limited, Merck KGaA, Spectrum Chemical, Montgomery Chemicals, LLC, Jiangsu Huachang Chemical Co., Ltd

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply-side: Manufacturer and Distributors.
  • Demand Side: Healthcare industry, Pharmaceuticals & Nutraceuticals Industry.
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies: US Food and Drug Administration (USFDA), World Health Organization (WHO).