Sodium Borohydride Market is valued at US$ 1,577 Mn in 2018 and
estimated to surpass US$ 2,498 Mn by 2027
Key Highlights of Global Sodium Borohydride Market
The global sodium borohydride market was valued at US$ 1,577
Mn in 2018 and is anticipated to expand at a CAGR of 5.2% during the forecast
The global sodium borohydride market is driven with the increasing popularity
and growth of sodium borohydride in paper and pulp industry across the globe
North America accounts for major share of the global sodium borohydride
market, led by high demand for sodium borohydride among pharmaceutical
Key Drivers of Global Sodium Borohydride Market
The global sodium borohydride market is expected to be driven by the increasing
emphasis on the healthcare sector. The pharmaceutical industry uses sodium
borohydride for chemicals reactions to produce antibiotics.
The focus on developing antibiotics to treat a wide range of diseases is expected
to play an important role in the development of the overall market.
The growing research and development of vaccines and drugs for treating and
preventing diseases is expected to drive the growth of the overall market.
The growth of the global market will also be attributable to the booming pulp
and paper industry as well due the rising demand for paper in the packing
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Increasing Use of Sodium Borohydride in Pharmaceutical Industry to Boost the
The market for sodium borohydride is increasing due to increasing demand from
pharmaceutical industries, as they act as an important raw material used in
making various pharmaceutical products.
Increasing efforts in research and developments for antibiotics as a reason for
growing awareness in the healthcare sector.
Additionally, the demand for innovative technology such as hydrogen on demand
has significantly grown, thus making huge opportunities for sodium