openPR Logo
Press release

Sodium Borohydride Market - Positive Long-Term Growth Outlook 2024

Sodium Borohydride Market - Positive Long-Term Growth Outlook

Dominated by a handful of vendors, the global sodium borohydride market features a moderately consolidated competitive landscape, says Transparency Market Research (TMR). During 2015, leading chemicals company, Kemira, held the largest share in the global sodium borohydride market, accounting for a massive 38.3%. Montgomery Chemicals and Vertallus Specialty Materials are of the some other leading market vendors. These companies are likely to dominate the overall market, by virtue of their efforts in research and development and their aggressive business strategies. A number of vendors are establishing partnerships, collaborations, and mergers to strengthen their hold over the global market.

Browse Market Research Report @
http://www.transparencymarketresearch.com/sodium-borohydride-market.html

The global market for sodium borohydride was pegged at US$1.3 bn during 2015, according to a study by TMR. Expanding at a healthy CAGR of 5.3% between 2016 and 2024, the global sodium borohydride market is expected to be worth US$2.1 bn by the end of 2024.

North America Garners Greater Demand for Sodium Borohydride

By end use, the global market for sodium borohydride is segmented into textiles, pulp and paper, agrochemicals, organic chemical purification, pharmaceuticals, electronic products, and metal recovery. The market is likely to be led by the paper and pulp industry. Accounting for a significant portion of the overall market, the paper and pulp segment will expand at a healthy CAGR of 4.7% during the forecast period. The rising demand for high quality packaging products has been propelling the growth of this segment.

By geography, the global sodium borohydride market has been segmented into Latin America, the Middle East and Africa, North America, Asia Pacific, and Europe. Of these, North America surfaced as the dominant segment of the global market for sodium borohydride. Although the market for sodium borohydride in this region can witness a minor setback, it might manage to achieve a substantial 34.5% by 2024, predict analysts. The prosperous paper and pulp industry in this region is the key growth driver of the North America market.

R&D Projects in Pharmaceuticals Aid Expansion

One of the primary catalysts of the global market for sodium borohydride is the augmenting need for raw materials, particularly in the pharmaceutical industry. The development of antibiotic drugs by pharmaceutical companies involves the use of sodium borohydride. As the incidence of innumerable diseases and disorders has been spiraling upwards, the global market for sodium borohydride is slated for expansion. As the healthcare industry is receiving greater acknowledgement, investments in R&D projects are mounting. The global sodium borohydride market is likely to benefit from these developments. The advancement of the pharmaceutical industry in emerging economies of the Middle East and Africa, Latin America, and Asia Pacific is also lending a hand to the growth of the global sodium borohydride market.

On the flip side, the rising awareness about the hazards posed by sodium borohydride to human health can slacken the pace of growth in the market. Strict compliance to safety regulations applicable to this chemical can also arrest growth. If handled carelessly, sodium borohydride can harm the skin, eyes, and respiratory tract. As a result, a number of manufacturers might prefer the use of safer alternatives. However, the development of new drugs that address the medical needs of the global patient pool can foster the growth of the market.

Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16685

The information presented in this review is based on a Transparency Market Research report, titled, “Sodium Borohydride Market (End Use - Pharmaceuticals, Pulp and Paper, Metal Recovery, Textiles, Organic Chemical Purification, Agrochemicals, and Electronic Products) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Key segments of the Global Sodium Borohydride Market

Global Sodium Borohydride Market, by End-use
Pharmaceuticals
Pulp & Paper
Metal Recovery
Textiles
Organic Chemical Purification
Others (agrochemicals, electronic products etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://depthresearchreport.blogspot.in/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sodium Borohydride Market - Positive Long-Term Growth Outlook 2024 here

News-ID: 506295 • Views: 192

More Releases from Transparency Market Research

Serine Protease Market | In-Depth Analysis & Recent Developments | 2019 - 2027
In the global enzyme market, proteases hold the major market share of 60% owing to their versatile application in various industry such as detergent, leather, pharmaceuticals and food industries. Out of all the commercial proteases sold every year, the most selling protease is serine protease with a share of 89%. Serine Proteases are chymotrypsin-like proteases containing a serine group in their active site and help in substrate binding and their
Fat Powders Market Is Expected To Peak Demand With Featuring Expert Panel 2019 - …
Fat powders are a convenient and economical solution for traditional butter, vegetable oils, creams, and others. Fat powders are widely used in the food industry for a wide band of applications ranging from bakery products to beverages to sauces and condiments. Fat powders are functional ingredients which are used to enhance the taste, texture, and sensorial appeal of the food products. Besides, adding flavor and texture to the end product,
Adaptogenic Beverages Market To Register High Revenue Growth During 2019 - 2027
Adaptogens, special class of non-toxic substances or plant extracts that help the body adapt to stress, have recently witnessed a gradual increase in demand. As consumers across the globe are shifting towards products that contain ingredients to boost immunity and reduce stress, manufacturers in the food industry are exploring the potential use of adaptogenic herbs as food and beverage ingredients. The rise in the popularity of adaptogens has brought on
Tea Tree Oil Market Booming By Size, Revenue And Trend In 2028 Scrutinized In Ne …
The global tea tree oil market is expected to witness healthy growth during 2018-2026. Tea tree is also known as melaleuca. The tree is largely known for its several antiseptic benefits. Tree tree oil is enjoying an increased prominence worldwide, thanks to its ability to kill several strains of bacteria, fungi, and virus. The original plant used to obtain tea tree oil is found in Australia and its complete scientific

All 5 Releases


More Releases for Sodium

Global Sodium Sulfur Battery Market Research Report
This report studies the global Sodium Sulfur Battery market status and forecast, categorizes the global Sodium Sulfur Battery market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60931 Table of Contents: Table of Contents Global Sodium Sulfur Battery Market Research Report 1 Sodium Sulfur Battery Market Overview
Global Sodium Sesquicarbonate Market Research
Global Sodium Sesquicarbonate Market Research Report – Forecast to 2022 2 Latest research give an account of "Global Sodium Sesquicarbonate Market Research Report 2017" now accessible at brilliant database of OrianResearch.com - Buy Now or ask about this report on the web. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=6445 Table of Contents: Table of Contents Global Sodium Sesquicarbonate Market Research Report 2018 1 Sodium Sesquicarbonate Market Overview 1.1 Product Overview and Scope of Sodium
Global Pantoprazole Sodium Market Research
Global Pantoprazole Sodium Market Research the Pantoprazole Sodium Report comprises of all the fundamental data in regards to the Pantoprazole Sodium showcase. The comprehensive report will help clients to comprehend the market momentum patterns, industry development drivers, share, examination, measure, generation, figure patterns, supply, deals, requests, and numerous different perspectives. The investigation was cultivated utilizing a target amalgamation of essential and optional information including commitments from real members in the
Sodium Hyaluronate Market
Sodium Hyaluronate is a polysaccharide of linear and repeating structural units. It is the sodium salt of the hyaluronic acid which is a glycosaminoglycan found in various connective tissues of humans. It is a hyaluronic acid derivative and works by growing the efficiency of the fluid inside the knee joint and performs as a lubricant and shock absorber. View complete report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4741 Global Sodium Hyaluronate Market: Drivers and Restraints The major factor
Divalproex Sodium Market Competitive Landscape,Regional Insights
Increasing prevalence of bipolar disorders around the globe is propelling the divalproex sodium market growth. For instance, according to study published in JAMA Psychiatry Journal 2012, in a combined sample of 61,392 adults from 11 countries, the total lifetime prevalence of bipolar disorder-I was 0.6%, and 0.4% for bipolar disorder-II and subthreshold bipolar disorder was 1.4%, yielding a total prevalence estimates bipolar disorder spectrum of 2.4% globally. Moreover, rising patient pool around
Advancements in Sodium Cyanide Market 
Sodium cyanide is a water-soluble inorganic compound manufactured by treating hydrogen cyanide with sodium hydroxide at an elevated temperature. The compound is highly poisonous and remains stable at high temperatures in complete absence of carbon dioxide, air, and moisture. Sodium cyanide is widely used in gold mining, due to its high affinity toward metals. In addition, it is employed in other industries such as electroplating, agrochemicals, pharmaceuticals, ore extraction, dyes,