Sodium Borohydride Market Size, Share & Industry Analysis, By Type (Powder, Pellets, Solution, Granules), By Application (Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cells, Reducing agent, Others) And Regional Forecast, 2024-2032

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 applicable in industrial and technical application areas. It is also used as bleaching agent in paper and pulp industry. It is widely used as hydrogen storage agent and reducing agent in production of sodium dithionite.

Increasing demand for bleaching agents from paper & pulp industries is likely to drive the market. Increasing demand for paper packaging materials from various sector due to environmental sustainability is likely foster the demand for bleaching agents. Additionally, increasing demand for reducing agents from industrial and chemical sector for hydrogen storage and chemical synthesis shall positively impact the market.

However, sodium borohydride solutions are prepared in bulk using sodium hydroxide, which is corrosive in nature. Mishandling of chemical can cause serious eye and skin injuries. This is expected to hinder the market growth.

Market Segmentation:

Based on type, the global sodium borohydride market is segmented into powder, pellets, solutions, and granules. Based on application, market is segmented into pulp & paper, pharmaceuticals, metal reduction, fuel cells, reducing agent and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global sodium borohydride market consists of global & regional players operating. Some of the key players in the market include Kemira, Montgomery Chemical, Nantong Hongzhi Chemical Co., Ltd, Shandong Guobang Pharmaceutical Co., Ltd, Anhui Jin'ao Chemical Co., Ltd, MC, JSC Aviabor, Vertellus, and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Sodium Borohydride Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest share in the global market. Large manufacturing base for chemicals is likely to contribute to the total market share.  Asia Pacific is the largest producer of sodium borohydride. Owing to the increasing demand from paper & pulp and packaging sector the regional market is expected to experience growth. Europe is expected to show significant growth attributed to the high demand for hydrogen storing agent as well as reducing agents from pharmaceutical sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

Segmentation

Sodium Borohydride Industry Developments

• In February 2015, Vetellus, a global producer of specialty chemicals, completed the purchase of the sodium borohydride of the Dow Chemical Company. This acquisition was planned to expand the business of Vertellus adding new processing aids and synthetic capabilities.