Global Sodium Borohydride Market Overview:
Sodium Borohydride is used as a hydrogen storage agent in wood pulp and textiles industries due to its high hydrogen density, low cost and relative air stability. It also offers used as a Bleaching powder in many industries such as packaging industries. The product is also used in the synthesis of gold nanoparticles, which are used in various fields such as electron microscopy, chemotherapy, radiotherapy, medical research etc. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals for fine chemicals and agro based industries.
- Upsurge Demand at Textile and Packaging Industry.
- Rapid Pulp Consumption and Changing Consumer Preference Boost the Market.
- Value Oriented Consumers
- Substitutes Available For Sodium Borohydride
- Technological Limitation Associated within Sodium Borohydride.
- Safety Issues and Health Hazardous Affect the Sodium Borohydride Market
- Increasing Awareness about Personal Hygiene and Cleanliness.
- Proliferation of Use of Tissue and Other Paper Based Toiletaries.
- Upsurge Demand Due to Compact in Size and Shape.
- Limitation Due to Government Investment Challenge the Market.
- Volatile and Labor Cost Hamper the Market.
Some of the key players profiled in the report are The Dow Chemical Company (United States), Vertellus Specialities (United States), Kemira (Finland), Montgomery Chemicals (United States), Shandong Guobang Pharmaceutical Industry (China), Nantong Hongzhi Chemicals (China), Zhangjiagang Jinyuan Biochemical (China), Jiangsu Huachang Chemical (China) and Qingdao KYX (Hong Kong). Additionally, following companies can also be profiled that are part of our coverage like Anhui Jin'ao Chemical (China), Shanghai Shenyu Pharmaceutical & Chemical (China) and Guangxi Guilin Pharmaceutical (China). Analyst at AdvanceMarketAnalytics see United States and Chinese Vendors to retain maximum share of Global Sodium Borohydride market by 2024. Considering Market by End User, the sub-segment i.e. Wood pulp and the dyeing industry will boost the Sodium Borohydride market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sodium Borohydride market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sodium Borohydride market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sodium Borohydride Manufacturers, Sodium Borohydride Traders, End-Use Market Participants of Different Segments of Sodium Borohydride, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.