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Sodium Borohydride - Global Market Trajectory & Analytics

  • ID: 5141113
  • Report
  • February 2022
  • Region: Global
  • 243 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ascensus, LLC.
  • JSC Aviabor
  • Kemira Oyj
  • Montgomery Chemicals, LLC
  • T Y H Ltd.

Global Sodium Borohydride Market to Reach $2 Billion by 2026


Sodium borohydride also referred to as sodium tetrahydridoborate or sodium tetrahydroborate, is an inorganic compound. Available as a white powder, it performs as a reducing agent and finds use in laboratory and industry. Growth in the global market is driven by increasing application in pulp and paper industry, and increasing R&D activities associated with pharma and use of sodium borohydride as a hydrogen carrier in fuel cell. Sodium borohydride is employed widely in the pharmaceutical sector for the manufacturing of antibiotics and various compounds. In this industry, it is used as an effective and safe reduction technology for the manufacture of various APIs (active pharmaceutical ingredients). In the pulp and paper sector, sodium borohydride is used in the production of reductive bleach to improve newsprint and magazine grade paper. The adoption of sodium borohydride in the industry is expected to be significant, owing to the increasing use of paper for packing applications. Further, widespread use as a bleaching agent in the textiles and wood pulp market is likely to foster demand in the coming years. Sodium borohydride is also employed for hydrogen storage, owing to increased hydrogen density, air stability, and reduced cost. With the growing focus on clean energy globally, several countries are considering the use of hydrogen.

Amid the COVID-19 crisis, the global market for Sodium Borohydride estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Pharmaceuticals, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$582.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pulp & Paper segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 33.6% share of the global Sodium Borohydride market. Sodium borohydride is employed widely as a reducing agent in the manufacture of various antibiotics including chloramphenicol, dihydrostreptomycin, and thiophenicol. It is employed as a precursor for producing other metal borohydrides. In pulp and paper industry, sodium borohydride is utilized mainly in the manufacture of reductive bleach to brighten newsprint- and magazine-grade paper.



The U.S. Market is Estimated at $473.9 Million in 2021, While China is Forecast to Reach $444.7 Million by 2026


The Sodium Borohydride market in the U.S. is estimated at US$473.9 Million in the year 2021. The country currently accounts for a 30.98% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$444.7 Million in the year 2026 trailing a CAGR of 7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$477.6 Million by the end of the analysis period. Europe and North America have a stronghold over the world sodium borohydride market, due to the healthy growth of the chemicals and pharmaceutical sectors. In North America, the pulp and paper market is anticipated to stimulate demand for sodium borohydride. Growth in the Asia-Pacific region is due to increasing R&D related to alternative energies and rising industrial activity in the region. Also, the expanding pharmaceutical market, with increasing development of drugs in countries such as India and China, in addition to growing focus on paper recycling bodes well for market growth.

Metal Recovery Segment to Reach $310.3 Million by 2026


In the metal recovery application, sodium borohydride is highly beneficial for reducing metal ions to their free metal state and is a cost effective way to eliminate metals such as nickel, copper, and silver from chelated wastewater. In the global Metal Recovery segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$192.6 Million in the year 2020 will reach a projected size of US$256.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$37.1 Million by the year 2026, while Latin America will expand at a 5.2% CAGR through the analysis period.

Select Competitors (Total 44 Featured) -

  • Ascensus, LLC.
  • Jiangsu Huachang (Group) Co., Ltd.
  • JSC Aviabor
  • Kemira Oyj
  • Langfang GreatAp Chemicals Co., Ltd.
  • Montgomery Chemicals, LLC
  • Nantong Hongzhi Chemicals Co., Ltd.
  • Qingdao Kyx Chemical Co Ltd.
  • Shandong Guobang Pharmaceutical Industry Company Ltd.
  • T Y H Ltd.
  • Zhangjiagang City Jinyuan Biochemical Co., Ltd.
Frequently Asked Questions about the Global Market for Sodium Borohydride

What is the estimated value of the Global Market for Sodium Borohydride?

The Global Market for Sodium Borohydride was estimated to be valued at $1.5 Billion in 2020.

What is the growth rate of the Global Market for Sodium Borohydride?

The growth rate of the Global Market for Sodium Borohydride is 4.9%, with an estimated value of $2.0 Billion by 2026.

What is the forecasted size of the Global Market for Sodium Borohydride?

The Global Market for Sodium Borohydride is estimated to be worth $2.0 Billion by 2026.

Who are the key companies in the Global Market for Sodium Borohydride?

Key companies in the Global Market for Sodium Borohydride include Ascensus, LLC., Jiangsu Huachang (Group) Co., Ltd., JSC Aviabor, Kemira Oyj, Langfang GreatAp Chemicals Co., Ltd., Montgomery Chemicals, LLC, Nantong Hongzhi Chemicals Co., Ltd., Qingdao Kyx Chemical Co Ltd. and T Y H Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ascensus, LLC.
  • JSC Aviabor
  • Kemira Oyj
  • Montgomery Chemicals, LLC
  • T Y H Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Sodium Borohydride Demand Takes a Hit
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Sodium Borohydride – Global Key Competitors Percentage Market Share in 2022 (E)
  • Sodium Borohydride: An Introduction
  • Physical and Chemical Properties of Sodium Borohydride
  • Application Markets
  • Market Outlook
  • Competition
  • Recent Industry Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Paper & Pulp Remains the Major End-Use Market
  • Global Production Capacity of Paper and Paperboard in Million Metric Tons: 2019-2025
  • Leading Paper Producing Nations in the World (2019)
  • Growing Importance of Packaging in Today’s Competitive Marketplace and Ensuing Demand for Packaging Materials Boosts Growth Prospects
  • Global Packaging Market (in US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • COVID-19 Pandemic and Impact on Pulp and Paper Industry
  • Pharma Industry to Generate Strong Demand
  • Global Pharmaceuticals Market in US$ Billion: 2017-2025
  • Growing Prospects for Fuel Cell Technology Augurs Well for Market Growth
  • World Fuel Cells Market by Type (2020): Percentage Breakdown of Revenues for PEMFC, PAFC, MCFC, SOFC and Others
  • Research Initiatives in the Space
  • Auto Industry Banks on Fuel Cells as a Sustainable Fuel Technology of the Future
  • FCEV Targets Set by the Hydrogen Council for the Years 2030 and 2050
  • Global Fuel Cell Electric Vehicles Market in US$ Billion (2019-2030)
  • Rising Image of Hydrogen as a Clean Fuel to Drive Demand
  • Growing Focus on Hydrogen for Meeting Clean Energy Requirement Hold Potential Opportunities
  • Global Hydrogen Production Capacity (in MMT) by Merchant and Captive Segments
  • Global Hydrogen Generators Market in US$ Million: 2012, 2018 and 2024
  • Expanding Market for Gold nanoparticles to Benefit Demand
  • Global Gold Nanoparticles Market in US$ Million: 2015, 2020 & 2027
  • NaBH4 Gains Importance in Recovery of Precious Metals and Removal of Toxic Metals from Effluents
  • Relevance of NaBH4 in Textile industry
  • Global Textiles Market by End-Use Application (2019): Percentage Breakdown of Volume Sales for Apparel, Home Textiles, Nonwovens and Technical Textiles

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Sodium Borohydride Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Ascensus, LLC.
  • Jiangsu Huachang (Group) Co., Ltd.
  • JSC Aviabor
  • Kemira Oyj
  • Langfang GreatAp Chemicals Co., Ltd.
  • Montgomery Chemicals, LLC
  • Nantong Hongzhi Chemicals Co., Ltd.
  • Qingdao Kyx Chemical Co Ltd.
  • Shandong Guobang Pharmaceutical Industry Company Ltd.
  • T Y H Ltd.
  • Zhangjiagang City Jinyuan Biochemical Co., Ltd.
Note: Product cover images may vary from those shown