Global Sodium Borohydride Market Size By End Use, By Geographic Scope And Forecast
Sodium Borohydride Market Size And Forecast
Sodium Borohydride Market was valued at USD 1.6 Billion in 2019 and is projected to reach USD 2.4 Billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Global Sodium Borohydride Market Outlook
Increase in demand from various end use industries which includes paper and pulp industry, packaging industry, pharmaceutical industry are propelling market growth of sodium Borohydride. Furthermore, rapidly increasing research and development activities in pharmaceutical and other sectors activities are fueling growth of sodium Borohydride market. Also, manufacturers are shifting towards renewable sources and recycling which in turn demanding sodium Borohydride thus, driving market growth of sodium Borohydride. However, the adverse effects of sodium Borohydride on human health and high cost of sodium Borohydride are restricting the market growth of sodium Borohydride. R;D of pharmaceutical industry is more focusing on new advancement and inventions of new drugs where sodium Borohydride is act as a hydrogen carrier in fuel cell which is expected to provide lucrative opportunities in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Sodium Borohydride Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Sodium Borohydride Market Competitive Landscape
The Global Sodium Borohydride Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as The Dow Chemical Company, Vertellus Specialities, Kemira, Montgomery Chemicals, Shanghai Shenyu Pharmaceutical ; Chemical and Guangxi Guilin Pharmaceutical.
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