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The global Sodium Borohydride market size was valued at USD 125.08 Million in 2022 and will reach USD 173.07 Million in 2028, with a CAGR of 5.56% during 2022-2028.
Sodium borohydride is a white to grayish crystalline powder. It is decomposed by water to form sodium hydroxide, a corrosive material, and hydrogen, a flammable gas. The heat of this reaction may be sufficient to ignite the hydrogen. The material itself is easily ignited and burns vigorously once ignited.
The chemical industry, including sodium borohydride, has been affected by the coronavirus (COVID-19) pandemic from all sides. Just as supply chains are disrupted by outbreaks in key regions, demand could fall due to uncertainty in the global economy and capital markets. The workforce is at risk of infection, and governments are beginning to enact operational restrictions, both of which add an element of unpredictability to the crisis. While most companies have business continuity plans in place, these plans may not be prepared for an outbreak of rapid change and unknown variables such as COVID-19.
Problems that sodium borohydride companies may face.
The industry could be potentially hard hit by a COVID-19 outbreak on many fronts: lower demand and productivity, operational and supply chain disruptions, potential tightening of credit markets, and the health of the workforce. Because much of the industry's production workforce is onsite, it cannot be done remotely. In addition, given the nature of the industry, companies may need to consider how to establish social distance in workplaces where workers tend to be concentrated. In addition, many companies should prepare for major global supply chain and other distribution disruptions. Particularly for companies that are not backward integrated, their supply chain partners may not be able to fill orders on time or at all during a crisis. Finally, a number of affected downstream industries (including paper, electronics and other industrial products) could lead to a slowdown in demand for sodium borohydride products.
Strength
Wide range of applications
The downstream of sodium borohydride products have diversified application demands and relatively strong irreplaceability, forming a broad market space.
Purification of various bulk chemistry products containing reducible admixtures: amines, amides, alcohols, peroxides, metal ions.
Selective reduction of aldehyde and ketone groups in pharmacy and in fine organic chemistry.
Wastewater treatment at a number of production plants to eliminate even minor quantities of heavy metals.
Reduction of noble metals including the reduction from spent catalysts.
Electroless deposition of transition and precious metals on various substrates.
Water/alkali solution of sodium borohydride is used to bleach mechanical pulp, to leach clay and to reduce dyes in textiles.
Reductive alkylation of amines in combination with formaldehyde and aromatic amines in combination with H2SO4.
Selective reduction of nitroarenes to amines in combination with ammonium sulphate in ethanol.
Weakness
Production safety risks
Sodium borohydride is a hazardous chemical and could cause skin and eye irritation, as well as severe gastro-intestinal and pulmonary disorders. In addition, operational risks are involved in many business processes such as raw material procurement, quality control, warehouse storage and technology research and development. If manufacturers do not exclude the possibility of accidental safety accidents caused by imperfect equipment and process, improper storage and operation of goods and natural disasters, it will affect the normal production and operation of sodium borohydride manufacturers.
Region Overview:
In 2021, the share of the Sodium Borohydride market in Asia Pacific stood at 40.74%.
Company Overview:
Guobang Pharmaceutical, Ascensus (Vertellus), Huachang, Kemira and Montgomery Chemicals are the five key players in the global Sodium Borohydride market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Sodium Borohydride market in the past 5 years.
Guobang Pharmaceutical
Guobang Pharmaceutical is a global, multi-species pharmaceutical manufacturing company with the advantages of industrial chain and industrial platform complete elements, and is a key participant in the global chemical manufacturing industry chain. The company is mainly engaged in the research and development, production and sales of pharmaceutical and animal health products, including pharmaceutical segment, which covers APIs, key pharmaceutical intermediates and preparations, and animal health products segment, which covers animal protection APIs, animal protection additives and preparations.
Ascensus (Vertellus)
Ascensus Specialties is one of the world's leading providers of sodium borohydride for a variety of industries.
Segmentation Overview:
As for product types, the Powder Type segment held the largest market share in 2021.
Application Overview:
The market's largest segment by application is the segment Waste Water Treatment, with a market share of 30.31% in 2021.
Waste Water Treatment
Sodium Borohydride can be used as treatment agent for mercury-containing wastewater in paper industry.
Metals Recovery
Sodium Borohydride can be used as treatment agent for recovering metals in electronics manufacturing, mainly treated copper effluent.
De-inking from Textiles
Sodium borohydride is effective in eliminating color in textiles.
Bleaching Agent
Sodium borohydride is an effective bleaching agent mainly applied in the pulp and paper industry.
Fuel
Sodium borohydride can be used as raw material for manufacturing diborane and other high-energy fuels.
Foaming Agent
Sodium borohydride can be used as a foaming agent in the plastic industry.
Hydrogenation in the Pharmaceutical Industry
Sodium borohydride can be used as hydrogenation agent for manufacturing dihydrostreptomycin in the pharmaceutical industry.
The Sodium Borohydride market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sodium Borohydride market covered in Chapter 4:
JSC Aviabor
Huachang
Kemira
Ascensus (Vertellus)
Nantong Hongzi
Montgomery Chemicals
Guobang Pharmaceutical
In Chapter 12 and Chapter 14.1, on the basis of types, the Sodium Borohydride market from 2018 to 2028 is primarily split into:
Powder Type
Solution Type
Granules Type
Pellets Type
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sodium Borohydride market from 2018 to 2028 covers:
Waste Water Treatment
Metals Recovery
De-inking from Textiles
Bleaching Agent
Fuel
Foaming Agent
Hydrogenation in Pharmaceutical Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sodium Borohydride market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sodium Borohydride market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sodium Borohydride industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sodium Borohydride industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sodium Borohydride market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sodium Borohydride market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sodium Borohydride market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sodium Borohydride market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Sodium borohydride is a white to grayish crystalline powder. It is decomposed by water to form sodium hydroxide, a corrosive material, and hydrogen, a flammable gas. The heat of this reaction may be sufficient to ignite the hydrogen. The material itself is easily ignited and burns vigorously once ignited.
The chemical industry, including sodium borohydride, has been affected by the coronavirus (COVID-19) pandemic from all sides. Just as supply chains are disrupted by outbreaks in key regions, demand could fall due to uncertainty in the global economy and capital markets. The workforce is at risk of infection, and governments are beginning to enact operational restrictions, both of which add an element of unpredictability to the crisis. While most companies have business continuity plans in place, these plans may not be prepared for an outbreak of rapid change and unknown variables such as COVID-19.
Problems that sodium borohydride companies may face.
The industry could be potentially hard hit by a COVID-19 outbreak on many fronts: lower demand and productivity, operational and supply chain disruptions, potential tightening of credit markets, and the health of the workforce. Because much of the industry's production workforce is onsite, it cannot be done remotely. In addition, given the nature of the industry, companies may need to consider how to establish social distance in workplaces where workers tend to be concentrated. In addition, many companies should prepare for major global supply chain and other distribution disruptions. Particularly for companies that are not backward integrated, their supply chain partners may not be able to fill orders on time or at all during a crisis. Finally, a number of affected downstream industries (including paper, electronics and other industrial products) could lead to a slowdown in demand for sodium borohydride products.
Strength
Wide range of applications
The downstream of sodium borohydride products have diversified application demands and relatively strong irreplaceability, forming a broad market space.
Purification of various bulk chemistry products containing reducible admixtures: amines, amides, alcohols, peroxides, metal ions.
Selective reduction of aldehyde and ketone groups in pharmacy and in fine organic chemistry.
Wastewater treatment at a number of production plants to eliminate even minor quantities of heavy metals.
Reduction of noble metals including the reduction from spent catalysts.
Electroless deposition of transition and precious metals on various substrates.
Water/alkali solution of sodium borohydride is used to bleach mechanical pulp, to leach clay and to reduce dyes in textiles.
Reductive alkylation of amines in combination with formaldehyde and aromatic amines in combination with H2SO4.
Selective reduction of nitroarenes to amines in combination with ammonium sulphate in ethanol.
Weakness
Production safety risks
Sodium borohydride is a hazardous chemical and could cause skin and eye irritation, as well as severe gastro-intestinal and pulmonary disorders. In addition, operational risks are involved in many business processes such as raw material procurement, quality control, warehouse storage and technology research and development. If manufacturers do not exclude the possibility of accidental safety accidents caused by imperfect equipment and process, improper storage and operation of goods and natural disasters, it will affect the normal production and operation of sodium borohydride manufacturers.
Region Overview:
In 2021, the share of the Sodium Borohydride market in Asia Pacific stood at 40.74%.
Company Overview:
Guobang Pharmaceutical, Ascensus (Vertellus), Huachang, Kemira and Montgomery Chemicals are the five key players in the global Sodium Borohydride market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Sodium Borohydride market in the past 5 years.
Guobang Pharmaceutical
Guobang Pharmaceutical is a global, multi-species pharmaceutical manufacturing company with the advantages of industrial chain and industrial platform complete elements, and is a key participant in the global chemical manufacturing industry chain. The company is mainly engaged in the research and development, production and sales of pharmaceutical and animal health products, including pharmaceutical segment, which covers APIs, key pharmaceutical intermediates and preparations, and animal health products segment, which covers animal protection APIs, animal protection additives and preparations.
Ascensus (Vertellus)
Ascensus Specialties is one of the world's leading providers of sodium borohydride for a variety of industries.
Segmentation Overview:
As for product types, the Powder Type segment held the largest market share in 2021.
Application Overview:
The market's largest segment by application is the segment Waste Water Treatment, with a market share of 30.31% in 2021.
Waste Water Treatment
Sodium Borohydride can be used as treatment agent for mercury-containing wastewater in paper industry.
Metals Recovery
Sodium Borohydride can be used as treatment agent for recovering metals in electronics manufacturing, mainly treated copper effluent.
De-inking from Textiles
Sodium borohydride is effective in eliminating color in textiles.
Bleaching Agent
Sodium borohydride is an effective bleaching agent mainly applied in the pulp and paper industry.
Fuel
Sodium borohydride can be used as raw material for manufacturing diborane and other high-energy fuels.
Foaming Agent
Sodium borohydride can be used as a foaming agent in the plastic industry.
Hydrogenation in the Pharmaceutical Industry
Sodium borohydride can be used as hydrogenation agent for manufacturing dihydrostreptomycin in the pharmaceutical industry.
The Sodium Borohydride market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sodium Borohydride market covered in Chapter 4:
JSC Aviabor
Huachang
Kemira
Ascensus (Vertellus)
Nantong Hongzi
Montgomery Chemicals
Guobang Pharmaceutical
In Chapter 12 and Chapter 14.1, on the basis of types, the Sodium Borohydride market from 2018 to 2028 is primarily split into:
Powder Type
Solution Type
Granules Type
Pellets Type
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sodium Borohydride market from 2018 to 2028 covers:
Waste Water Treatment
Metals Recovery
De-inking from Textiles
Bleaching Agent
Fuel
Foaming Agent
Hydrogenation in Pharmaceutical Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sodium Borohydride market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sodium Borohydride market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sodium Borohydride industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sodium Borohydride industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sodium Borohydride market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sodium Borohydride market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sodium Borohydride market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sodium Borohydride market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
