Bromobenzene Market, By Product Type (Phenylmagnesium Bromide, Phencyclidine, and Others), By Application (Grignard Reagent, Solvents, Organic Chemical Synthesis, Additives, Pharmaceutical Intermediate, and Others), and by Region (North America, Latin Ame

Bromobenzene Market, By Product Type (Phenylmagnesium Bromide, Phencyclidine, and Others), By Application (Grignard Reagent, Solvents, Organic Chemical Synthesis, Additives, Pharmaceutical Intermediate, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Bromobenzene, also known as monobromobenzene and phenyl bromide, is a colorless, heavy liquid with a pungent odor. It is used to make synthetic intermediate phenylmagnesium bromide, as well as motor oil additive and crystallizing solvent. Unreacted bromobenzene, biphenyl, and the majority of other non-acidic organic compounds make up the organic layer. Bromobenzene can harm the liver and the kidneys. Occupational bromobenzene exposure limits have yet to be established.
Market Dynamics
The growth of the pharmaceutical sector is expected to drive demand for organic chemicals such as bromobenzene during the forecast period. For instance, according to the International Trade Administration, in Russia, in 2019, per capita spending on medicine was US$ 160 per person. According to same source, the pharmaceutical sales in Russia was valued at US$ 19.3 billion in 2018, which increased to US$ 19.9 billion in 2019.

The increase in transportation and transit of consumer goods, people, and raw materials have boosted the growth of the automobile industry. For instance, according to the China Association of Automobile Manufacturers (CAAM), in September 2019, the production and sales of commercial vehicles in China reached 345,000 and 340,000 units, respectively, which showed an increase of 15.8% and 11.6% from that of August 2019, and up by 4% and 1.9% year on year. Furthermore, according to the European Automobile Manufacturers Association (ACEA), in December 2019, commercial vehicle registrations increased by 5.7% from November 2019 across the European Union (EU).
Exposure of bromobenzene creates hazard to aquatic life such as amphibians and fish. This factor is expected to hamper the bromobenzene market growth. According to U.S. Code of Federal Regulations and the Hazardous Materials Regulations, bromobenzene is categorized as a marine pollutant. Bromobenzene is listed under TSCA (The Toxic Substances Control Act of 1976), a federal regulation that allows the U.S. Environmental Protection Agency (EPA) to comprehensively manage chemicals in U.S. commerce. Compliance with TSCA can require companies to restrict and remove substances from products to maintain U.S. market access.
Key features of the study:
This report provides an in-depth analysis of the global bromobenzene market, its market size (US$ Mn & Tons), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bromobenzene market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global bromobenzene market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bromobenzene market
Detailed Segmentation:
Global Bromobenzene Market, By Product Type:
Phenyl Magnesium Bromide
Phencyclidine
Others
Global Bromobenzene Market, By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
Global Bromobenzene Market, By Region:
North America
By Product Type:
Phenylmagnesium Bromide
Phencyclidine
Others
By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
By Country:
U.S.
Canada
Europe
By Product Type:
Phenylmagnesium Bromide
Phencyclidine
Others
By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
By Country:
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Phenylmagnesium Bromide
Phencyclidine
Others
By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
By Country:
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
By Product Type:
Phenylmagnesium Bromide
Phencyclidine
Others
By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
By Product Type:
Phenylmagnesium Bromide
Phencyclidine
Others
By Application:
Grignard Reagent
Solvents
Organic Chemical Synthesis
Additives
Pharmaceutical Intermediate
Others
By Country/Region:
Middle East
Africa
Company Profiles
CM Fine Chemicals GmbH*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
CM Fine Chemicals GmbH
Hawks Chemical Company
Hebei Yingong New Material Technology Co., Ltd.
Heranba Industries Ltd.
Jiangsu Dacheng Pharmaceutical and Chemical Co., Ltd.
Luyunjia Chemistry Xiamen Limited
Merck KGaA
Mody Chemi-Pharma Limited
RX MARINE INTERNATIONAL
Yancheng Longsheng Chemical Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.