Sodium Borohydride Market Size, Share & Growth Report | 2031
Sodium Borohydride Market Size, Share & Growth Report | 2031
Segments - Global Sodium Borohydride Market by type (Powder Type, Granule Type, Solution Type, Pellets Type), by Purity (Below 98% Purity, above 98% Purity), by Application (Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, Others) and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Upcoming
| Report ID :MC-4683
| 4.8 Rating
| 73 Reviews
| 299 Pages
| Format :
Report Description
Sodium Borohydride Market Market Outlook 2031 :
The Global Sodium Borohydride Market size was valued at USD 1.59 Billion in 2022 and is projected to reach USD 3.05 Billion by 2031, expanding at a CAGR of 7.5% during the forecast period 2023 - 2031.
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.
sodium borohydride is a reducing agent, which is widely used industrially and on laboratory scale, as it can be reduced to a wide spectrum of organic carbonyls. Sodium borohydride is an effective processing ingredient for certain applications within the pharmaceutical, pulp, paper and textile, electronics, and agrochemicals industries.
Macro-economic Factors
R&D
Increasing funding and support by governments in R&D activities and rising focus of key players for product innovations are anticipated to drive the demand for sodium borohydride. The Department of Energy's (DOE) Hydrogen, Fuel Cells, and Infrastructure Technologies Program has asked an independent review panel to conduct a technical assessment of the state and progress of R&D in the area of hydrolysis of sodium borohydride for on-board vehicle hydrogen storage and its potential to meet the DOE's time-phased technical targets.
Technological Innovations
Major key players are focusing on adopting innovative technologies and advancing existing technologies. Shortness of breath and/or coughing can result from inhaling sodium borohydride, as it irritates the lungs. High exposure has the potential to result in pulmonary edema, a medical emergency characterized by extreme breathlessness, hence proper handling of the material pivotal. The protection of the environment, safety and health of employees and end-users, and high efficiency and economy are the base of technical concepts.
Product Development
Rising concerns related to environment influence the sodium borohydride market. Sodium borohydride gained importance in the production of pharmaceuticals and in the paper & pulp industries. Demand for hydrogen fuel cells from the automotive and electronics & semiconductor industries is growing, positively affecting the sodium borohydride market. Sodium borohydride is an efficient and reliable source for the production of hydrogen. Sodium borohydride is gaining popularity as a reducing agent, for its strength in battery and power generation for hydrogen cells.
Sodium Borohydride Market Market Dynamics
Market Driver- Increased usage of sodium borohydride as multipurpose reducing agent
Sodium borohydride is an excellent reducing agent. It is particularly effective for reducing aldehydes and ketones to alcohols. It is utilized to switch out mercury (Hg) for H in the second stage of the oxymercuration procedure. In the second phase of the reaction, the C-Hg bond is broken and converted into a C-H bond using NaBH4.
Sodium borohydride reduces many organic carbonyls, depending on the precise conditions. The methanol solvent system accomplishes this hydrolysis automatically during the sodium borohydride reduction. Water is introduced in the second phase to the lithium aluminum hydride reduction process.
Market Driver- Rising usage of sodium borohydride as bleaching agent in paper and pulp industry
Sodium borohydride is a major reducing agent that is regularly utilized in paper conservation. It helps in improving paper stability. The pulp is subsequently treated with the hydrosulfite solution to eliminate undesirable color while preserving its high-yield properties. When producing pulp-based packaging goods, tissues, newsprint, and telephone directory papers.
Rising usage of sodium borohydride as a bleaching agent in the paper & pulp industry is expected to drive the market. For instance, KemBorino is an alkaline aqueous solution with 12% sodium borohydride and 40% sodium hydroxide. It is an easy and economical way to generate sodium dithionite for the bleaching of mechanical pulp. Kemira can supply the dithionite generation unit and provide technical service.
Market Restraint- Multiple side effects of sodium borohydride
Inhalation of sodium borohydride poses several side effects to people. Contact of sodium borohydride causes extreme irritation to skin and eye. Inhalation of sodium borohydride causes irritation in the nose, throat, and lungs, causing coughing and/or shortness of breath. High exposure to sodium borohydride results in the accumulation of fluid in the lungs (pulmonary edoema). Additionally, exposure to sodium borohydride causes difficulties in breathing difficulty. Thus, side effects of sodium borohydride are expected to restrain the growth of the market up to some extent.
Market Opportunity- Increased usage of sodium borohydride as a hydrogen storing agent
At various pressures and temperatures, processes involving the storage and release of hydrogen as a fuel for fuel cells with sodium borohydride (NaBH4) media have been conducted. Sodium borohydride is hydrolyzed to yield hydrogen, which is then stored in NaBO2 media that is created as a byproduct of the hydrolysis of NaBH4.
To prepare for fuel cells for usage as a low-carbon energy source for homes and cars, a simple hydrogen storage and release mechanism is required. Sodium borohydride is known as a source of hydrogen, due to its high hydrogen storage capacity (more than 10.8% by weight) depending on the hydration coefficient. Thus, increased usage of sodium borohydride as a hydrogen storing agent is expected to act as an opportunity for the market growth.
Scope of Sodium Boro hydride Market Report
The report on the global Sodium Borohydride market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Sodium Borohydride Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016- 2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
By Types (Powder Type, Granule Type, Solution Type, Pellets Type), By Purity (Below 98% Purity, above 98% Purity) By Applications (Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, Others) |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered |
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. |
Sodium Borohydride Market Segmental Outlook
Based on type, the global Sodium Borohydride market is segmented into Powder Type, Granule Type, Solution Type, Pellets Type. The granule Type segment is projected to hold a key share of the market. Sodium borohydride is a relatively mild reducing agent, it gives alcohols by reducing aldehydes, ketones, and acyl chloride. It is involved in the production of raw materials such as boron.
On the basis of Purity, the market is fragmented into Below 98% Purity, and Above 98% Purity. Above 98% purity NaBH4 is mainly used in pharmaceutical research & development, due to its high focus on advancements and inventions of new drugs in fuel cell application, which is expected to offer opportunities in the near future.
Based on application, the global Sodium Borohydride market is segmented into Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, Others. The pulp and paper segment is expected to dominate the global borohydride market during the forecast period, due to its rising applications as a bleaching agent.
Sodium Borohydride Market Regional Outlook
Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia Pacific held a significant share of the market during the forecast period.
The market in North America is projected to expand at a significant CAGR during the forecast period. The market in North America is expected to continue to register high demand for Sodium Borohydride during the forecast period. Polycystic ovarian syndrome, digestive issues, and lifestyle-related ailments are expected to stimulate demand for Sodium Borohydride supplements, due to poor eating habits and increasing intake of processed foods.
The market in Europe is expected to grow at a rapid pace during the forecast period. Increasing awareness among end-users regarding Sodium Borohydride is increasing, thus propelling the market.
The market in Asia Pacific is expected to drive the market over the forecast period, owing to rising pharmaceutical sector and increased government expenditure on healthcare.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Sodium Borohydride Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Sodium Borohydride Market Performance
Segments
By Types
- Powder Type
- Granule Type
- Solution Type,
- Pellets Type
By Purity
- Below 98% Purity
- Above 98% Purity
By Applications
- Pulp & Paper
- Pharmaceuticals
- Metal Reduction
- Fuel Cell
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- 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
Competitive Landscape
Manufacturers operating in the global 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. Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Sodium Borohydride market.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Borohydride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sodium Borohydride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Borohydride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sodium Borohydride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sodium Borohydride Market Size & Forecast, 2015-2030
4.5.1 Sodium Borohydride Market Size and Y-o-Y Growth
4.5.2 Sodium Borohydride Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Type, 2015-2030
4.7 Global Sodium Borohydride Market: Impact Of Key Regulations
4.8 Global Sodium Borohydride Market: Patent Analysis
4.9 Global Sodium Borohydride Market: Penetration & Growth Prospect Mapping
4.10 Global Sodium Borohydride Market: Market Entry Strategies
4.11 Sodium Borohydride And Lithium Aluminium Hydride: Comparative Analysis
4.12 Business Plan for Chemical Manufacturing and Production Facility (With Focus on Profitability)
4.13 Manufacturing Cost and Value Chain Analysis of Sodium Borohydride
Chapter 5 Global Sodium Borohydride Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Sodium Borohydride Market Size Forecast By Type
5.2.1 Powder Type
5.2.2 Granule Type
5.2.3 Solution Type
5.2.4 Pellets Type
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Sodium Borohydride Market Analysis and Forecast By Purity
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Purity
6.1.2 Basis Point Share (BPS) Analysis By Purity
6.1.3 Absolute $ Opportunity Assessment By Purity
6.2 Sodium Borohydride Market Size Forecast By Purity
6.2.1 Below 98% Purity
6.2.2 Above 98% Purity
6.3 Market Attractiveness Analysis By Purity
Chapter 7 Global Sodium Borohydride Market Analysis and Forecast By Applications
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Applications
7.1.2 Basis Point Share (BPS) Analysis By Applications
7.1.3 Absolute $ Opportunity Assessment By Applications
7.2 Sodium Borohydride Market Size Forecast By Applications
7.2.1 Pulp & Paper
7.2.2 Pharmaceuticals
7.2.3 Metal Reduction
7.2.4 Fuel Cell
7.2.5 Others
7.3 Market Attractiveness Analysis By Applications
Chapter 8 Global Sodium Borohydride Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Sodium Borohydride Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Sodium Borohydride Analysis and Forecast
10.1 Introduction
10.2 North America Sodium Borohydride Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Sodium Borohydride Market Size Forecast By Type
10.6.1 Powder Type
10.6.2 Granule Type
10.6.3 Solution Type
10.6.4 Pellets Type
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Sodium Borohydride Market Size Forecast By Purity
10.10.1 Below 98% Purity
10.10.2 Above 98% Purity
10.11 Basis Point Share (BPS) Analysis By Purity
10.12 Absolute $ Opportunity Assessment By Purity
10.13 Market Attractiveness Analysis By Purity
10.14 North America Sodium Borohydride Market Size Forecast By Applications
10.14.1 Pulp & Paper
10.14.2 Pharmaceuticals
10.14.3 Metal Reduction
10.14.4 Fuel Cell
10.14.5 Others
10.15 Basis Point Share (BPS) Analysis By Applications
10.16 Absolute $ Opportunity Assessment By Applications
10.17 Market Attractiveness Analysis By Applications
Chapter 11 Europe Sodium Borohydride Analysis and Forecast
11.1 Introduction
11.2 Europe Sodium Borohydride Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Sodium Borohydride Market Size Forecast By Type
11.6.1 Powder Type
11.6.2 Granule Type
11.6.3 Solution Type
11.6.4 Pellets Type
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Sodium Borohydride Market Size Forecast By Purity
11.10.1 Below 98% Purity
11.10.2 Above 98% Purity
11.11 Basis Point Share (BPS) Analysis By Purity
11.12 Absolute $ Opportunity Assessment By Purity
11.13 Market Attractiveness Analysis By Purity
11.14 Europe Sodium Borohydride Market Size Forecast By Applications
11.14.1 Pulp & Paper
11.14.2 Pharmaceuticals
11.14.3 Metal Reduction
11.14.4 Fuel Cell
11.14.5 Others
11.15 Basis Point Share (BPS) Analysis By Applications
11.16 Absolute $ Opportunity Assessment By Applications
11.17 Market Attractiveness Analysis By Applications
Chapter 12 Asia Pacific Sodium Borohydride Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Sodium Borohydride Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Sodium Borohydride Market Size Forecast By Type
12.6.1 Powder Type
12.6.2 Granule Type
12.6.3 Solution Type
12.6.4 Pellets Type
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Sodium Borohydride Market Size Forecast By Purity
12.10.1 Below 98% Purity
12.10.2 Above 98% Purity
12.11 Basis Point Share (BPS) Analysis By Purity
12.12 Absolute $ Opportunity Assessment By Purity
12.13 Market Attractiveness Analysis By Purity
12.14 Asia Pacific Sodium Borohydride Market Size Forecast By Applications
12.14.1 Pulp & Paper
12.14.2 Pharmaceuticals
12.14.3 Metal Reduction
12.14.4 Fuel Cell
12.14.5 Others
12.15 Basis Point Share (BPS) Analysis By Applications
12.16 Absolute $ Opportunity Assessment By Applications
12.17 Market Attractiveness Analysis By Applications
Chapter 13 Latin America Sodium Borohydride Analysis and Forecast
13.1 Introduction
13.2 Latin America Sodium Borohydride Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Sodium Borohydride Market Size Forecast By Type
13.6.1 Powder Type
13.6.2 Granule Type
13.6.3 Solution Type
13.6.4 Pellets Type
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Sodium Borohydride Market Size Forecast By Purity
13.10.1 Below 98% Purity
13.10.2 Above 98% Purity
13.11 Basis Point Share (BPS) Analysis By Purity
13.12 Absolute $ Opportunity Assessment By Purity
13.13 Market Attractiveness Analysis By Purity
13.14 Latin America Sodium Borohydride Market Size Forecast By Applications
13.14.1 Pulp & Paper
13.14.2 Pharmaceuticals
13.14.3 Metal Reduction
13.14.4 Fuel Cell
13.14.5 Others
13.15 Basis Point Share (BPS) Analysis By Applications
13.16 Absolute $ Opportunity Assessment By Applications
13.17 Market Attractiveness Analysis By Applications
Chapter 14 Middle East & Africa (MEA) Sodium Borohydride Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Sodium Borohydride Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Sodium Borohydride Market Size Forecast By Type
14.6.1 Powder Type
14.6.2 Granule Type
14.6.3 Solution Type
14.6.4 Pellets Type
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Sodium Borohydride Market Size Forecast By Purity
14.10.1 Below 98% Purity
14.10.2 Above 98% Purity
14.11 Basis Point Share (BPS) Analysis By Purity
14.12 Absolute $ Opportunity Assessment By Purity
14.13 Market Attractiveness Analysis By Purity
14.14 Middle East & Africa (MEA) Sodium Borohydride Market Size Forecast By Applications
14.14.1 Pulp & Paper
14.14.2 Pharmaceuticals
14.14.3 Metal Reduction
14.14.4 Fuel Cell
14.14.5 Others
14.15 Basis Point Share (BPS) Analysis By Applications
14.16 Absolute $ Opportunity Assessment By Applications
14.17 Market Attractiveness Analysis By Applications
Chapter 15 Competition Landscape
15.1 Sodium Borohydride Market: Competitive Dashboard
15.2 Global Sodium Borohydride Market: Market Share Analysis, 2021
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Vertellus
15.3.2 American Elements
15.3.3 Ascensus
15.3.4 SHILPA CHEMSPEC INTERNATIONAL PRIVATE LIMITED
15.3.5 Midas Pharma GmbH
15.3.6 Tokyo Chemical Industry Co., Ltd. (TCI)
15.3.7 SimSon Pharma Limited
15.3.8 Merck KGaA
15.3.9 Spectrum Chemical
15.3.10 Montgomery Chemicals, LLC
15.3.11 Jiangsu Huachang Chemical Co., Ltd.
Methodology
Related Reports
Some other reports from this category!
Our Clients
