Global Borane Reagents Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Borane Reagents Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Borane reagents are a very important class of reagents in organic chemistry synthesis. Borane reagents are a kind of mild reducing agents, which can be widely used in organic synthesis; when combined with chiral boron reagents, chiral reduction synthesis can be achieved, which is an important way to obtain high optical purity compounds, the stereoselective reduction reaction it participates in has been widely used in the synthesis of chiral drugs and intermediates.

Market Overview:

The latest research study on the global Borane Reagents market finds that the global Borane Reagents market reached a value of USD 54.41 million in 2022. It’s expected that the market will achieve USD 73.32 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

Market Drivers

The research service industry is a strategic industry, which is important to promote the transformation of the achievements of industry-university-research and provides key support for innovation and industrial upgrading. With the increasingly fierce competition in the world of science and technology, the world is rapidly entering the era of a knowledge-intensive economy, and the importance of scientific and engineering research, commercial application, and transformation of intellectual achievements has become more and more prominent. Under the global scientific development boom, various countries are focusing their resources on R&D, education, and other knowledge-intensive fields, and global R&D funding has always maintained a steady growth in recent years, which, to a certain extent, also provides development momentum for the growth of borane reagents.

Market Development Constraints

The procurement of borane reagents focuses on the following three factors: (1) brand (quality); (2) speed of response; and (3) price. Among them, the brand is representative of quality and is the primary concern of researchers, and speed has a greater impact on trial progress. Although price is relatively insensitive, relatively high prices can affect the industrialization process.
The high cost of manufacturing borane reagents is influenced by the high price of raw materials and the high rate of wear and tear in the manufacturing process, which results in high prices for the products. Although the chemical properties of many borane reagents are excellent, the high price limits the large-scale application of borane reagents in industrial production, and the main buyers of borane reagents are concentrated in scientific research institutions and laboratories, and mainly in small-scale orders. The high selling price is a feature that greatly limits the marketability of boron reagents.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Sigma-Aldrich, J and K Scientific,TCI, Alfa Aesar, and labor are the five key players in the global Borane Reagents market. These companies have shown consistent growth in revenue, larger volumes of sales, and a prominent presence in terms of share in the global Borane Reagents market in the past 5 years.

Sigma-Aldrich provides scientists and engineers with best-in-class lab materials, technologies, and services. With the 2015 combination of Merck Millipore and Sigma-Aldrich, they now have a broad portfolio of 300,000 products, an expanded global footprint, and an industry-leading eCommerce platform.

J&K was established in 1992 with bases in Europe and China and is now a leading manufacturer and market developer of ultrafine materials.

J&K offers its customers the products and support needed to maximize the speed and productivity of its R&D activities.

Segmentation Overview:

Among different product types, the Borane tetrahydrofuran segment is anticipated to contribute the largest market share in 2027.

Borane tetrahydrofuran

Borane-tetrahydrofuran (BH3-THF) (CAS Number: 14044-65-6) is a complex of borane with tetrahydrofuran and is generally purchased as a solution in THF. Commonly used to reduce the amide groups on the surface of polyamide fibers to secondary amines.

Dimethylsulfide borane (Borane-Methyl Sulfide Complex)

Dimethylsulfide borane (Borane-Methyl Sulfide Complex) (CAS Number: 13292-87-0) is a complexed borane reagent that is used for hydroboration and reductions. The advantages of Dimethylsulfide borane over other borane reagents, such as borane-tetrahydrofuran, are its increased stability and higher solubility.

Triethylamine borane

Triethylamine borane (CAS Number: 1722-26-5) is a common reagent for the synthesis of borosilicate and m-triaryl porphyrin.

Ethyl-2-methylpyridine borane

Ethyl-2-methylpyridine borane is commonly used as a reactant for organometallic cross-coupling reactions and reductive amination.

Triethylborane

Triethylborane (TEB) (CAS Number: 97-94-9) is an organoborane (a compound with a B-C bond). It is a colorless pyrophoric liquid. Its chemical formula is (C2H5)3B. It is soluble in organic solvents tetrahydrofuran and hexane.

Dimethylamine borane

Dimethylamine borane (CAS Number 74-94-2) is a reducing agent with good workability, a mild reduction effect that can be widely used in various pH environments, good solubility, soluble in water and organic solvent.

Borane triphenylphosphine complex

Borane triphenylphosphine complex (CAS Number 2049-55-0) is a reactant for C-P cross-coupling with aryl iodides, synthesis of N-heterocyclic carbene borane complexes via Lewis base exchange, catalyst-free alcoholysis to deprotect phosphane-boranes and more.

Borane N, N-diethylaniline complex

Borane N, N-diethylaniline complex (CAS Number 13289-97-9) is commonly used as a reducing agent of ketones, acids, esters, amides, and nitriles.

Application Overview:

By application, the Pharmaceutical Reduction Agents segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Borane Reagents market covered in Chapter 3:

STREM CHEMICALS
Alfa Aesar
HanHong
TCI
Meryer (Shanghai) Chemical Technology Co. Ltd.
J and K Scientific
abcr
Sigma-Aldrich

In Chapter 4 and Chapter 14.2, on the basis of types, the Borane Reagents market from 2018 to 2029 is primarily split into:

Borane tetrahydrofuran
Dimethylsulfide borane (Borane-Methyl Sulfide Complex )
Triethylamine borane
Ethyl-2-methylpyridine borane
Triethylborane
Dimethylamine borane
Borane triphenylphosphine complex
Borane N,N-diethylaniline complex
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Borane Reagents market from 2018 to 2029 covers:

Pharmaceutical Reduction Agents
Hydrogen Storage Materials
Free Radical Initiator
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)