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Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Bronopol is a chemical compound utilized for antimicrobial purposes. Bronopol is produced by bromination of dinitromethane, which is obtained from nitroaldol reaction. It easily dissolves in water and has very high activity in neutralizing adverse effects of bacteria, since it is most widely used in pharmaceutical industries. It is also supplied either in the form of crystal or powder for different purposes.
The Global Bronopol Market in 2023 was approximately USD 11.0Billion. The market is expected to grow at a CAGR of 5.2% and is anticipated to reach around USD 13.5 Billion by 2030.Growing pharmaceutical and healthcare sectors owing to the wake of the COVID-19 pandemic where bronopol is majorly used for neutralizing adverse effects of bacteria fuels demand for bronopol which drives the market.
Moreover, the major growth in oil exploration sectors where bronopol is used as an antimicrobial agent is also projected to foster the market growth. Rising demand from the other applications such as paper and pulp, water treatment, oil and gas and pharmaceutical are also projected to fuel demand for bronopol in the market. On the other hand, the rising health concerns associated to bronopol is a factor impeding the market.
The Bronopol market for intensely competitive and is highly fragmented. The vendors in the Bronopol market compete based on Type portfolio, Type differentiation, applications, and the pricing of Types. The rise in technological innovations in designing the Types for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their Type portfolios by incorporating innovative features, into their Types. In addition, the market is expected to be highly competitive over the years with increased number of new players.
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