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Sodium Borohydride Market: Global Opportunity Analysis and Industry Forecast 2020-2027

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Jun 2021 | 172 Views
 
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Sodium Borohydride Market Analysis 2020-2027

Sodium borohydride, also called sodium tetrahydridoborate and sodium tetrahydroborate, is an inorganic compound with the equation NaBH4. This white strong, typically experienced as a powder, is used in chemistry laboratories and industries. It is an odorless white microcrystalline powder. Sodium borohydride is utilized to control contamination. Sodium borohydride is a cost-effective specialist. It widely used as a piece of manufacture of medications and fine pharmaceuticals, compound items, pharmaceuticals, and recuperation and preparation of catalysts.

Market scope and structure analysis

Report Metric

Details

Market size available for years

  2020 –2027    

Base year considered

  2019                   

Forecast period

  2020–2027                            

Forecast units

  Billions (USD)

Segments covered

  Type, Industry vertical, and Region

Regions covered

North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA)

Companies covered

Key players involved in Global Sodium Borohydride market include Zhangjiagang City Jinyuan Biochemical Co., Ltd, Jiangsu Huachang Group Co., Ltd, Shandong Guobang Pharmaceutical Co., Ltd, JSC Aviabor, Vertellus Holdings LLC, The Dow Chemical Company, Nantong Hongzhi Chemical Co., Ltd, Montgomery Chemicals, and Kemira

 

COVID-19 scenario analysis:

  • The global market for sodium borohydride is severely impacted by the outbreak of the COVID-19 pandemic. 
  • The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns. 
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of sodium borohydride, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rapidly developing research and development activities with medication and the prosperous paper and pulp industry have expanded the need of reducing agents for different end-use applications in numerous regions over the globe and expanding owing to the developing mesh and paper industry. Sodium borohydride market will observer development on the record of its application to produce sodium dithionite, a reducing agent utilized in wood pulp and bleaching businesses. Sodium dithionite is additionally used to produce alcohols by reducing aldehydes and ketones which are utilized to manufacture different antibiotics. The high cost of sodium borohydride and its side effect on human health which might act as a barrier for the global sodium borohydride market, this hinders growth of the market. 

New product launches to flourish the market 

Kemira launches new polymer with additional beneficial dewatering property. Kemira, a worldwide chemical compounds organization serving clients in water intensive businesses, is propelling a new launch cationic flocculant, explicitly designed for slime dewatering applications. The KemiraSuperfloc XD-7600 polymer is designed to assist customers with diminishing their Total Cost of Ownership through progressively productive sludge handling, including cargo and disposal costs. The dry product additionally limits storage and transport costs. XD-7600 fundamentally improves cake solids and filtrate quality contrasted with ordinary cationic polymers and is effective at low dosage levels.

Surge in usage in paper & pulp industry

Pulp & paper industry and pharmaceuticals include significant lump of its client base and will positively affect the sodium borohydride market. Mash and paper industry has foreseen growth in more utilization in tissue and other paper based toiletries with awareness about personal cleanliness and hygiene. The takeover of digital platform on basic stationery items, for instance, packaging, printing, family utensils, etc decreasing the demand for pulp and paper.

Key segments covered:

Segments

Subsegments

  Type

  • Powder-based sodium Borohydride
  • Aqueous Solution
  • Granular-based Sodium Borohydride
  • Organic Solution
  • Caplets-based Sodium Borhydride

  Industry-vertical

  • Food and Beverage
  • Cosmetics
  • Chemical
  • Textile
  • Paper and Pulp
  • Pharmaceutical

 

  Regions

  • North America
  • Europe
  • Asia- Pacific
  • LAMEA

Key benefits of the report:

  • This study presents the analytical depiction of the global sodium borohydride market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sodium borohydride market.
  • The current market is quantitatively analysed from 2020 to 2027 to highlight the global Sodium Borohydride market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global Sodium Borohydride market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the sodium borohydride market research report:

  • Which are the leading market players active in the sodium borohydride market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the sodium borohydride market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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