Bronopol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The global bronopol market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Bronopol is a colorless, water-soluble organic compound, produced by the bromination of di(hydroxymethyl)-nitromethane. It is supplied as crystals or crystalline powder, which is usually available in the shades of white and pale yellow, depending on the grade of iron content. It is highly active against bacteria, fungi and yeasts and has high purity and tensile strength. Its biocidal uses include disinfection, product preservation, along with the preservation of fibers, leather and rubber. Due to its antimicrobial properties, it is extensively used for manufacturing medicines, cosmetics and personal care products such as lotions, makeup, perfumes and shampoos.
Increasing demand for drinkable water across the globe is the key factor driving the growth of the market. Bronopol is widely used in several water treatment plants to meet this ever-increasing demand as it kills various types of bacteria present in the water and makes it fit for drinking. Since water forms an indispensable part of industrial and residential activities, it is further contributing to the product demand. Moreover, industrial water systems are a potential environment for bacterial growth and bronopol assists in preventing contamination through corrosion and slime in industrial water recirculating plants. Additionally, increasing health awareness among consumers regarding the diseases caused by water-borne pathogens and bacterial growth is catalyzing the market growth. Also, rising activities in the oil and gas sector where bronopol is used to prevent corrosion due to bacterial contamination in hydraulic fracturing equipment are driving the product demand.
IMARC Group’s latest report provides a deep insight into the global bronopol market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global bronopol market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bronopol market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, form and application.
Breakup by Type:
Coagulants and Flocculants
Biocides and Disinfectants
PH Adjusters and Stabilizers
Inhibitors
Defoaming Agents
Others
Breakup by Form:
Liquid
Solid
Breakup by Application:
Water Treatment
Formulators
Oil and Gas
Paper and Pulp
Paints, Coating and Adhesives
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being BASF SE, Fujian Shaowu Yongfei Chemical Co., Ltd., Gayathri Chemicals and Agencies, The Dow Chemical Company, Symbolic Pharma, Shanghai Rich Chemicals, Sharon laboratories, Mani Agro Chemicals, Sai Supreme Chemicals, BQ Technology (HK) Company, Wuhan Fortuna Chemical, Weifang Haihua Yuanda Fine Chemicals, etc.
Key Questions Answered in This Report:
How has the global bronopol market performed so far and how will it perform in the coming years?
What are the key regional markets in the global bronopol industry?
What has been the impact of COVID-19 on the global bronopol industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global bronopol industry?
What are the key driving factors and challenges in the global bronopol industry?
What is the structure of the global bronopol industry and who are the key players?
What is the degree of competition in the global bronopol industry?