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(Construction.IndustryNews247.Com, August 24, 2018 ) Industry Outlook and Trend Analysis
The Sodium Borohydride Market was worth USD 1.21 billion in 2014 and is expected to reach approximately USD 1.92 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.30% during the forecast period. Sodium borohydride is a powerful and a specialty reducing agent utilized in the production of pharmaceuticals. Sodium borohydride is useful for diminishment of carbonyls, metal ions and peroxides and cleaning and evacuation of oxidation, colour and odour of precursors in organic chemical items. Sodium borohydride is used to control contamination and reuse noble metals. Sodium borohydride is a more affordable metal hydride and is a productive and cost-effective reducing agent. Sodium borohydride finds wide territory of utilizations in the combination of numerous intermediates used as a part of fabricate of medications and fine pharmaceuticals, chemical products, pharmaceuticals, the recuperation and preparation of catalysts, valuable heavy metals and uncommon earth metals among others.
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Drivers and Restraints
Quickly developing research and development activities identified with drug and the prosperous paper and pulp industry have expanded the need of reducing agents for different end-use applications in numerous locales over the globe. The research and development practices for sodium borohydride are expanding attributable to the developing mash and paper industry. This thusly is anticipated to make a positive effect for the sodium borohydride market in the coming a long time as the product has wide application in organic chemical purification, which thus is anticipated to drive the sodium borohydride market globally.
Market Segmentation
The Sodium Borohydride Market is segmented on the basis of end user into Pulp & Paper, Textiles, Pharmaceuticals, Metal Recovery and Organic Chemical Purification. The quick switch towards reusing of materials and renewable power source applications are a portion of the variables driving the usage of sodium borohydride in a wide region of uses.
Regional Outlook and Trend Analysis
The prospering mash and paper industry in North America is anticipated to bolster the demand of sodium borohydride market. Asia-Pacific is anticipated to be a major market for the development of sodium borohydride inferable from the developing industrial exercises and research and improvement for elective energies. Europe and North America hold a generous share of the sodium borohydride market attributable to the quickly developing pharmaceuticals and chemicals enterprises.
Competitive Insights
The leading players in the market are Zhangjiagang City Jinyuan Biochemical Co Ltd, Shandong Guobang Pharmaceutical Industry Company Limited, Vertellus, Anhui Jin'ao Chemical Co, Montgomery Chemicals LLC, Shaanxi Hanjiang Pharmaceutical Group Co Ltd, Kemira and Jiangsu Huachang Chemical Co Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Sodium Borohydride Market is segmented as follows-
By End User:
Pulp & Paper
Textiles
Pharmaceuticals
Metal Recovery
Oranic Chemical Purification
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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