Sodium Borohydride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Sodium borohydride is a crystalline powder decomposed by water to form sodium hydroxide and hydrogen, which consist of corrosive material and flammable gas. Its common referred names are sodium tetrahydridoborate and sodium tetrahydroborate. It is synthesized by reacting methyl borate with sodium hydride in mineral oil. It is white to grayish in color and is safe for storage and handling, which is one of the major concern issues currently.

The sodium borohydride market has been segmented by application, end-user, and region. Based on application, the market has been segmented into waste water treatment, chemical reducing agent, paper and tissue, and others. Based on end-user, the market has been segmented into pharmaceuticals, agrochemicals, intermediates and fine chemicals, electronic products, and others. The crystalline powder is mostly consumed in pharmaceuticals and agrochemicals industries. These two fields accounted for the majority of the total consumption volume in 2015. Other fields, such as intermediates and fine chemicals, electronic products, and others, consumed small volumes among other end-users. The size of the pharmaceutical market has expanded as sodium borohydride is used as the reducing agent of antibiotics such as macrolides and fluoroquinolones. Increase in the consumption of sodium borohydride in the pharmaceutical industry is anticipated in the forecast period.

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Sodium borohydride is primarily used to produce hydrogen fuel cells and liquid crystals in the electronics industry. The industry is estimated to grow over the forecast period. The consumption volume in this industry is increasing simultaneously. The present market of sodium borohydride in the electronics industry currently is small but the growth rate of its consumption is anticipated to be high in the distant future.

The usage of sodium borohydride as a reducing agent for both chemoselectivity and diastereoselectivity owing to its ready availability of metal hydride commercially, less expensive, ease of work, and distinct and versatile characteristics is expected to boost the sodium borohydride market.

Based on region, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific is one of the leaders in the production of sodium borohydride globally. China is the key market in the region, facing overcapacity. The capacity has declined in 2015 as compared with that in 2014 but still the product is surplus as compare to demand in 2015. The demand for sodium borohydride is affected by consumption volume of antibiotics (pharmaceutical), which is beating other applications of sodium borohydride. Before 2011, the consumption of antibiotics in China led to misuse due to lack of supervision. The administrative measures for the clinical use of antibacterial drugs issued by the Ministry of Health of the People's Republic of China and regulations on health insurance increased the consumption of antibiotics as well as the consumption of sodium borohydride. Though, relying on the large population and undeveloped health care level increases consumption of antibiotics, which let to rise in economic value. The demand of sodium borohydride is expected to be supported by the rigid and stable demand.

Major players in the global sodium borohydride market are The Dow Chemical Company, Vertellus Specialities - Smart Chemistry, Kemira chemical industry company, Shandong Guobang Pharmaceutical Industry Company Limited, Nantong Hongzhi Chemicals Co., Ltd., Zhangjiagang Jinyuan Biochemical Co., Ltd., Jiangsu Huachang Chemical Co., Ltd., Qingdao KYX Chemical Co., Ltd., Anhui Jin'ao Chemical Co., Ltd., Shanghai Shenyu Pharmaceutical & Chemical Co., Ltd., Guangxi Guilin Pharmaceutical Co., Ltd., and others.

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