Sodium Borohydride Market in China – Key Findings & Market Dynamics – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets has announced the addition of the “Sodium Borohydride Market in China” report to their offering.
Currently, China’s sodium borohydride industry is facing overcapacity. Although the capacity in 2015 declined by 16.95% compared with that in 2014, it’s still superfluous to the current demand. During 2011-2015, some producers exited from the industry because of intense competition and strict environmental protection requirements. While the sodium borohydride produced in China is mainly used within the country, the export percentage also increased from 2011 to 2015.
As a selective reducing agent, sodium borohydride is mainly consumed in pharmaceuticals and agrochemicals, and these two fields accounted for the majority of the total consumption volume in 2015. Other fields, such as paper making and electronic products, consumed small volumes.
The report predicts that electronic industry is a promising application field for the future. In the electronic industry, sodium borohydride is mainly used to produce hydrogen fuel cells and liquid crystals. The consumption volume in this field was about 44 tonnes in 2015. Though the present market of sodium borohydride is small, the growth rate of its consumption will be high in the distant future.
What’s more, the market size of antibiotic has expanded to USD29.9 billion (RMB186.1 billion), up by 8.4% YoY. As sodium borohydride can be the reducing agent of such antibiotics as macrolide and fluoroquinolones, the report holds an optimistic attitude to the growth of sodium borohydride consumption.
In 2015, there are less than 10 active sodium borohydride producers in China. Top two producers took up the majority of national output and total export volume. Though it’s not easy for new entrant companies to influence the current sodium borohydride producers, yet sodium borohydride is threatened by some substitutes, especially potassium borohydride, which has the same properties but has a lower price.
Key Topics Covered:
Methodology and definition
1 Key findings and market dynamics
4 Import and export, 2015
5 Company profiles
- Shandong Guobang Pharmaceutical Co., Ltd.
- Zhangjiagang Jinyuan Biochemical Co., Ltd.
- Nantong Hongzhi Chemical Co., Ltd.
- Zhejiang Guobang Pharmaceutical Co., Ltd.
- Shaanxi Hanjiang Pharmaceutical Group Co., Ltd.
- Qingdao KYX Chemical Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/qj9r2d/sodium
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