Sodium Borohydride Market Report 2025 (Global Edition)

Global Sodium Borohydride Market Report 2025 Market Size Split by Type Outlook: (Powders, Pellets, Solutions, Granules), by Purity Outlook: (Below 95%, 95% to 98%, Above 98%), by End-Use Outlook: (Pul...

Sodium Borohydride Market Report Description

We have various report editions of Sodium Borohydride Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Sodium Borohydride Market

The sodium borohydride industry is highly competitive, with a strong presence of established global players and regional manufacturers striving to gain market share through product innovations, capacity expansions, and strategic alliances. Leading corporations are heavily investing in R&D activities to explore modern applications of sodium borohydride and develop sustainable production methods.

In September 2024, Kemira and IFF announced the successful opening of a market-entry scale industrial polymer facility as part of their strategic partnership to provide innovative renewable alternatives to fossil-based products. The facility, which is built on the proprietary Designed Enzymatic Biomaterial platform technology (DEB™) designed by IFF, can produce distinctive renewable polymers for customers of Kemira. This unit is situated in the Finnamyl biorefinery of Chemigate Ltd. in Kokemäki, Finland, and is run by Chemigate, a company that is a part of the Berner Group. (Source: https://www.kemira.com/news-and-stories/newsroom/releases/kemira-iff-explore-broadening-of-strategic-cooperation-and-announce-successful-completion-of-a-renewable-polymer-plant-in-finland/) In January 2023, Next Generation Shipyards (NG Shipyards) in the Netherlands began construction on the Neo Orbis. This 20-meter fuel-cell hybrid port vessel uses sodium borohydride as a solid-state hydrogen-storing medium. (Source: https://www.greencarcongress.com/2023/01/20230130-neoorbis.html)

Top Companies Market Share in Sodium Borohydride Industry: (In no particular order of Rank)

• Kemira Oyj (Finland)
• Ascensus Specialties (U.S.)
• Vertellus Holdings LLC (U.S.)
• Nantong Hongzhi Chemical Co.
• Ltd. (China)
• Anhui Wotu Chemical Co.
• Ltd. (China)
• Montgomery Chemicals LLC (U.S.)
• Zhangjiagang Polything Chemical Co.
• Ltd. (China)
• BASF SE (Germany)
• Dow Chemical Company (U.S.)
• Merck KGaA (Germany)
• Tokyo Chemical Industry Co.
• Ltd. (Japan)
• Wuhan Xinrong New Materials Co.
• Ltd. (China)
• Thermo Fisher Scientific Inc. (U.S.)
• Spectrum Chemical Manufacturing Corp. (U.S.)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Sodium Borohydride Market

Which Region Dominates the Sodium Borohydride Market in 2024?

According to Cognitive Market Research, North America dominates the sodium borohydride market due to its well-established pharmaceutical and chemical industries, which use sodium borohydride extensively for medication manufacturing and chemical reduction. This region mainly benefits from superior R&D capabilities, which also contribute to chemical process innovation. The robust presence of major manufacturers, strong supply chain networks, and massive demand from end-use industries such as pulp and paper and water treatment further strengthen its regional leading position.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the global sodium borohydride market due to the speedy expansion of industrial sectors like pharmaceuticals, chemicals, and paper production in emerging economies like China and India. Increasing expenditures in industrial infrastructure, along with rising demand for water treatment solutions, are pushing the adoption of sodium borohydride across this region. Furthermore, favorable government policies supporting industrial growth and the availability of cost-effective raw materials and labor enhance the regional market's growth prospects.

The current report Scope analyzes Sodium Borohydride Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Sodium Borohydride Market Analysis

According to Cognitive Market Research, the global sodium borohydride market size was estimated at USD 1524.6 Million, out of which North America held the majority market share of more than 40% of the global revenue with a market size of USD 609.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a large share in the sodium borohydride market with a market size of USD 481.2 million in 2024 and is set to progress at a CAGR of 6% across the forecasted duration. Strong demand from the pharmaceutical sector, especially for uses in API (Active Pharmaceutical Ingredient) production, is propelling the expansion of the sodium borohydride market in the United States.
• The Canada sodium borohydride market had a market share of USD 73.2 million in 2024 and is likely to heighten at a CAGR of 7% within the calculated period. In Canada, growth factors for the sodium borohydride market include increasing investments in clean energy research and the use of the compound in hydrogen storage technologies.
• The Mexico sodium borohydride market is predicted to witness modest growth at a CAGR of 6.7% during the forecasting period, with a market size of USD 55.5 million in 2024.

Europe Sodium Borohydride Market Analysis

According to Cognitive Market Research, the global sodium borohydride market size was estimated at USD 1524.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 457.4 million in 2024 and will prosper at a CAGR of 6.5% from 2024 to 2031.

• The United Kingdom sodium borohydride market had a market share of USD 76.8 million in 2024 and is set to grow at a CAGR of 7.3% during the projection timeframe. The U.K. market benefits from the rising adoption of sodium borohydride in specialty chemicals production, particularly for reducing agents in niche industrial processes.
• The France sodium borohydride market is likely to witness gradual growth at a CAGR of 5.7% over the forecasting period, with a market size of USD 42.1 million in 2024.
• According to Cognitive Market Research, the German sodium borohydride market size was valued at USD 90.6 million in 2024 and is predicted to flourish at a CAGR of 6.7% in the forecasted period. The market in Germany is primarily supported by its dominant position in the automotive industry, where sodium borohydride has been utilized in fuel cell technology.
• The Italy sodium borohydride market is anticipated to exhibit growth at a CAGR of 5.9% within the forecast period, with a market size of USD 39.3 million in 2024.
• The Russian sodium borohydride market is set to witness consistent growth at a CAGR of 5.5% throughout the expected timeframe, with a market size of USD 70.9 million in 2024.
• The Spain sodium borohydride market is expected to register growth at a CAGR of 5.6% throughout the projected period, with a market size of USD 37.5 million in 2024.
• The Luxembourg sodium borohydride market is predicted to achieve growth at a CAGR of 6.6% within the calculated period, with a market size of USD 14.2 million in 2024.
• The Portugal sodium borohydride market is set to exhibit a moderate growth rate at a CAGR of 6.3% throughout the forecasting period, with a market size of USD 9.6 million in 2024.
• The Greece sodium borohydride market is predicted to undergo growth at a CAGR of 6.8% throughout the assessment timeframe, with a market size of USD 5.5 million in 2024.
• The Rest of the European sodium borohydride market is predicted to achieve growth at a CAGR of 5.2% in the forecast period, with a market size of USD 70.9 million in 2024.

Asia Pacific Sodium Borohydride Market Analysis

According to Cognitive Market Research, the global sodium borohydride market size was estimated at USD 1524.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 350.7 million in 2024 and will elevate at a CAGR of 10% from 2024 to 2031.

• According to Cognitive Market Research, the China sodium borohydride market size was valued at USD 157.8 million in 2024 and is likely to thrive at a CAGR of 9.5% over the projection period. Rapid industrialization and large-scale production in China, particularly in the electronics and automotive industries, are key market growth drivers for sodium borohydride.
• The Japan sodium borohydride market is predicted to undergo growth at a CAGR of 8.5% throughout the assessment timeframe, with a market size of USD 48.4 million in 2024.
• The India sodium borohydride market had a market share of USD 42.1 million in 2024 and is set to grow at a CAGR of 11.8% over the analysis period. The sodium borohydride market in India is rapidly expanding due to the burgeoning pharmaceutical sector and increased expenditure in green chemistry research.
• The South Korean sodium borohydride market is likely to witness a growth rate at a CAGR of 9.1% throughout the assessment timeframe, with a market size of USD 35.1 million in 2024.
• The Australian sodium borohydride market is predicted to achieve growth at a CAGR of 9.7% within the estimated timeline, with a market size of USD 18.2 million in 2024.
• The South East Asia sodium borohydride market is forecasted to show growth at a CAGR of 11% within the calculated period, with a market size of USD 24.2 million in 2024.
• The Rest of Asia Pacific sodium borohydride market is predicted to undergo growth at a CAGR of 9.8% in the forecast period, with a market size of USD 24.9 million in 2024.

South America Sodium Borohydride Market Analysis

According to Cognitive Market Research, the global sodium borohydride market size was estimated at USD 1524.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 76.2 million in 2024 and will elevate at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil sodium borohydride market size was valued at USD 32.6 million in 2024 and is likely to elevate at a CAGR of 8% across the forecasted duration. The sodium borohydride market in Brazil is continuously developing due to the rising use of hydrogen as a clean energy source and the elevated production of renewable energy.
• Argentina sodium borohydride market had a market share of USD 12.8 million in 2024 and is set to progress at a CAGR of 8.3% over the forecasting period. The increasing requirement for chemical synthesis applications and the heightened focus on enhancing wastewater treatment procedures are influencing the sodium borohydride market in Argentina.
• Colombia sodium borohydride market is predicted to register growth at a CAGR of 7.2% during the estimation period, with a market size of USD 6.8 million in 2024.
• Peru sodium borohydride market is expected to register growth at a CAGR of 7.6% throughout the assessment timeframe, with a market size of USD 6.3 million in 2024.
• Chile sodium borohydride market is likely to witness a moderate growth rate at a CAGR of 7.7% throughout the projected period, with a market size of USD 5.5 million in 2024.
• The Rest of the Latin American sodium borohydride market is set to observe growth at a CAGR of 6.5% in the forecasted period, with a market size of USD 12.3 million in 2024.

Middle East Sodium Borohydride Market Analysis

According to Cognitive Market Research, the global sodium borohydride market size was estimated at USD 1524.6 Million, out of which the Middle East & Africa held the market share of around 2% of the global revenue with a market size of USD 30.5 million in 2024 and will heighten at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

• The GCC Countries sodium borohydride market is estimated to witness the highest growth rate at a CAGR of 8.5% within the calculated period, with a market size of USD 13.1 million in 2024. The thriving chemical and oil sectors in the GCC countries, particularly in Saudi Arabia and the UAE, contribute majorly to the consistent expansion of this industry.
• The Egypt sodium borohydride market is forecasted to show growth at a CAGR of 8% during the estimation period, with a market size of USD 3.2 million in 2024.
• The South African sodium borohydride market is set to witness the fastest growth at a CAGR of 8.7% during the forecasted period, with a market size of USD 4.8 million in 2024. The sodium borohydride industry in South Africa has been growing rapidly due to the growing utilization of mining and metallurgical processes, particularly for gold extraction.
• The Turkey sodium borohydride market is anticipated to exhibit growth at a CAGR of 7.2% throughout the assessment timeframe, with a market size of USD 2.6 million in 2024.
• The Nigeria sodium borohydride market is set to witness consistent growth at a CAGR of 6.8% within the estimated timeline, with a market size of USD 3.2 million in 2024.
• The Rest of the MEA sodium borohydride market is set to witness a growth rate at a CAGR of 6.7% over the assessment timeframe, with a market size of USD 3.6 million in 2024.

Sodium Borohydride Market Analysis

How are Segments Performing in the Global Sodium Borohydride Market?

Sodium Borohydride Market Type Segment Analysis

According to Cognitive Market Research, the powder form of sodium borohydride holds a dominant position in the market due to its widespread applicability and ease of handling in industrial processes. Powders are commonly preferred for applications requiring precise dosing and uniform distribution, such as pharmaceutical synthesis, where sodium borohydride is used as a reducing agent.

Granular sodium borohydride is emerging as the fastest-growing market type category due to its superior safety profile and ease of storage compared to powders. Granules reduce the risks of dust formation and associated hazards, which makes them highly preferable in industries prioritizing workplace safety, such as pharmaceuticals and water treatment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sodium Borohydride Industry. Request a Free Sample PDF!

Sodium Borohydride Market Purity Segment Analysis

According to Cognitive Market Research, the 95% to 98% purity category is witnessing rapid market growth primarily due to elevated demand in high-precision applications, such as pharmaceuticals, electronics, and specialized chemical synthesis. This higher purity grade ensures minimal impurities, enhancing the efficiency and reliability of chemical reactions in sensitive processes.

The below 95% purity segment dominates the global sodium borohydride market due to its widespread use in industrial and bulk-scale applications where ultra-high purity is not a critical requirement. This grade is often utilized in water treatment, pulp & paper manufacturing, and chemical reduction processes, where cost efficiency and availability take precedence over purity.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sodium Borohydride End-Use Outlook: Segment Analysis

Sodium Borohydride Market End-Use Segment Analysis

According to Cognitive Market Research, the fuel cell is the fastest-growing end-use segment for the sodium borohydride market, owing to the increased adoption of clean energy technologies. Sodium borohydride is now commonly utilized as a hydrogen carrier in fuel cell systems, which offers a stable and efficient method for hydrogen storage and generation.

The pulp & paper industry commands the largest share of the global sodium borohydride market revenue due to its extensive use as a bleaching agent in paper production. Sodium borohydride is highly effective in reducing pulp brightness variability and improving paper quality, which makes it a critical component in the manufacturing process.

• Pulp & Paper
• Pharmaceutical
• Metal Reduction
• Fuel Cells
• Others

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

Profile

Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion