Global Sodium Borohydride Market to Surpass USD 3.06 Billion By 2031
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01 Jun, 2023, 11:40 BST
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PUNE, India, June 1, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Sodium Borohydride Market Segments - by Type (Powder Type, Granule Type, Solution Type, and Pellets Type), by Purity (Below 98% Purity and above 98% Purity), by Application (Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 1.59 billion in 2022 and is expected to surpass USD 3.06 billion expanding at a CAGR of 7.49% by the end of 2031. The growing use of sodium borohydride as a bleaching agent in the paper and pulp industry is anticipated to fuel the market in the coming years.
Key Market Players Profiled in the Report
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include type, purity, application, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
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Highlights on the Segments of the Global Sodium Borohydride Market
On the basis of region, the global sodium borohydride market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market, owing to poor eating habits and rising intake of foods in the region. Asia Pacific is expected to be a rapidly growing region in the global market during the projected period, due to rising government expenditure on healthcare.
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Key Takeaways from the Study:
Read 299 Pages Research Report with Detailed TOC on "Global Sodium Borohydride Market Segments - by Type (Powder Type, Granule Type, Solution Type, and Pellets Type), by Purity (Below 98% Purity and above 98% Purity), by Application (Pulp & Paper, Pharmaceuticals, Metal Reduction, Fuel Cell, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"
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Key Segments Covered
Type
Purity
Application
Region
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Growth Market Reports