Potassium borohydride (potassium tetrahydroborate) has a wide range of uses and the market size continues to grow

Potassium borohydride, also known as potassium tetrahydroborate and potassium borohydride, has the chemical formula KBH4 and is an inorganic compound. Potassium borohydride appears as a white crystalline powder, odorless, soluble in liquid ammonia and water, slightly soluble in ethanol and methanol, and almost insoluble in tetrahydrofuran, ether and benzene. Potassium borohydride has the characteristics of good chemical stability and strong reducing ability. It can be used as a commonly used reducing agent and is widely used in reduction reactions.

The sodium borohydride method is the main preparation method for potassium borohydride. This method first uses the sodium hydride methyl borate method to prepare sodium borohydride, and then proceeds through hydrolysis, heating, separation, washing and other processes to obtain potassium borohydride. In the early stages of industry development, due to factors such as high technical barriers and shortage of raw materials, European and American countries dominated the global potassium borohydride market, and China’s production capacity was low. In recent years, as technology has matured and my country’s sodium borohydride production has continued to increase, the development of the potassium borohydride industry has continued to accelerate.

Potassium borohydride has a wide range of uses. As a commonly used reducing agent, it can be used in the reduction reactions of acid chlorides, ketone chlorides, and aldehyde chlorides. In addition, potassium borohydride is in high demand in pharmaceuticals, papermaking, water treatment, analytical chemistry and many other fields. In the pharmaceutical field, potassium borohydride can be used to synthesize active pharmaceutical molecules such as amines and amides; in the papermaking field, potassium borohydride can be used as a pulp bleach; in the water treatment field, potassium borohydride can be used to treat mercury-containing wastewater.

According to the “2023-2028 China potassium borohydride (potassium tetrahydroborate) industry market in-depth research and development prospect forecast released by the Industrial Research Center The report” shows that benefiting from the increasingly strong downstream demand, the development space of the potassium borohydride industry continues to expand. The global potassium borohydride market size will reach US$280 million in 2022, a year-on-year growth of 6.7%. In the future, with in-depth research, the application scope of potassium borohydride will be further expanded, and its market size will further grow. It is expected that the global potassium borohydride market size will reach US$480 million by 2028.

my country’s potassium borohydride industry has a high degree of concentration, with leading companies occupying a dominant position in the market. Guobang Pharmaceutical Group Co., Ltd. focuses on the R&D, production and sales of pharmaceutical intermediates, veterinary drugs, feed additives and chemical raw materials. It has large-scale production capabilities for potassium borohydride, sodium borohydride and other products, and is my country’s leading potassium borohydride enterprise. According to the semi-annual report of Guobang Pharmaceutical Company, the company achieved revenue of 2.81 billion yuan in the first half of 2023, a year-on-year increase of 3.9%.

Industry analysts said that potassium borohydride has a wide range of uses and the industry has good development prospects. In recent years, my country’s potassium borohydride production capacity and output have continued to increase, thanks to sufficient supply of raw materials and mature technology development. In the future, with the gradual release of downstream demand, the market size of potassium borohydride will further expand. In terms of market competition, my country’s potassium borohydride industry is highly concentrated, and Guobang Pharmaceuticals, as the leading company, occupies a large market share.