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Within the chemicals industry, the Metal Hydrides market encompasses a range of compounds in which hydrogen is bonded with a metal. These substances can be used for various applications, including advanced batteries, hydrogen storage, and as reducing agents in organic synthesis and pharmaceutical manufacturing. Metal hydrides are also integral to certain types of nuclear reactions as neutron moderators and find use in catalysis for chemical processes. The market includes both complex and simple hydrides, with the former being key in niche high-tech applications and the latter more commonly used in larger-scale industrial processes.
Market dynamics are influenced by technological advancements, environmental regulations, and the push for energy-efficient solutions. Innovation within the field of energy storage and conversion, particularly concerning the development of more sustainable technologies, is a prominent driver for the metal hydrides industry. With a growing focus on renewable energy, demand for metal hydrides as a medium for hydrogen storage could potentially rise, seeing as hydrogen is a clean fuel.
Some companies active in the Metal Hydride market include BASF SE, which is known for its extensive chemical portfolio, including advanced materials and hydride products. Sigma-Aldrich, now part of Merck KGaA, provides various metal hydrides for research and industrial applications. The Japan-based company, Santoku Corporation, specializes in the production of metal hydrides, particularly for battery technologies and hydrogen storage solutions. GfE Metalle und Materialien GmbH offers a selection of metal hydrides along with a Show Less Read more