Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,108.56 Million | USD 1,604.77 Million | 4.73% | 2022 |
The global bronopol market size had a value of 1,108.56 Million in 2022 and is projected to reach 1,604.77 Million by 2030, with a Compound Annual Growth Rate (CAGR) of around 4.73%.
Bronopol has applications among various industrial processes and is a bromine compound biocide. It is used in the paper and pulp, oil and gas, paints and coatings, and in personal care and cosmetics industries. It is widely used as a cleaning agent in water treatment systems and as a preservative in oral medicated solutions and pharmaceutical liquids. Bronopol is available in solid and liquid forms according to the requirements of the end-users. The suppliers of bronopol are now focusing on research and development activities to produce better and innovative bronopol products. This will widen the scope of the bronopol market across the globe.
Bronopol is used in waste water treatment systems and owing to the increasing population and large-scale demand for water, the demand for bronopol is simultaneously rising across the globe. Health awareness in relation to the bacterial growth and pathogens among end users has increased significantly in recent years, which in turn will positively influence the demand for bronopol in the market. One of the major drivers of the market growth in the industrial sector will be the rising demand for improved sanitation in workplaces and production processes. Use of bronopol in cleaning products, in paint and coating applications and in the oil and gas sector will fuel the market growth tremendously. However, concerns regarding the safety and usability of bronopol will affect the market growth negatively. Also, increasing prices of raw materials, complex compliance structures, and an ongoing global economic slowdown across the globe will hamper the market growth in the long run.
The global bronopol market is segmented into its application and geography. On the basis of application, the market is segregated into cleaning agents, personal care and cosmetics, paints, coatings and adhesives, paper and pulp, oil and gas, water treatment and others. Based on geography, the market is divided into Europe, the Middle East and Africa, Latin America, Asia-Pacific, and North America.
Global Bronopol Market: Form
Global Bronopol Market: Application
Report Attributes | Report Details |
---|---|
Report Name | Bronopol Market |
Market Size in 2022 | USD 1,108.56 Million |
Market Forecast in 2030 | USD 1,604.77 Million |
Growth Rate | CAGR of 4.73% |
Number of Pages | 212 |
Key Companies Covered | BASF, Shanghai Rich Chemicals, DOW Chemicals, Fujian Shaowu, Sharon Laboratories, Sai Supreme Chemicals, Gayathri Chemicals, Ramdev Chemicals, Mani Agro Chemicals, Weifang Haihua Yuanda Fine Chemicals, Symbolic Pharma, Wuhan Fortuna Chemical, and BQ Technology (HK) Company. |
Segments Covered | By Form, By Applications, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is expected to grow at a significant pace across the globe. Developing infrastructures and growth in the paint industries will be the driving factors of the market growth in this region. China, India, Japan, Thailand, Vietnam, and Indonesia will be some of the major countries showing rapid developments in the bronopol market in Asia Pacific region. Considerable growth will be witnessed in Europe and North America. Innovations in products and fulfillment of the requirements of the consumers will provide a wider scope of growth for European and North American regions. Latin America and the Middle East and Africa will also be contributing a fair share to the market growth in the coming periods.
Some of the major companies in the bronopol market include
Global Bronopol Market: Regional Segment Analysis
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