Global Propionyl Bromide Market is expected to reach USD 3.08 Bn. at a CAGR of 2.1% during the forecast period 2030.Propionyl Bromide Market Overview
Propionyl bromide is often referred to as bromide of propanoyl. Propionyl bromide is made in a molecular formulation of C3H5BrO and boiling at 104°C. It's colored blue-gray. Propionyl bromide is a liquid and vapor that is very combustible. It is strongly watered and inorganic solvents insoluble. Excessive propionyl bromide contact may lead to serious skin burns and damage to the eye.To know about the Research Methodology :- Request Free Sample Report
Propionyl Bromide Market Dynamics
The global propionyl bromide market is predicted to grow at a 2.1% CAGR during the forecast period. Trichloroethylene and perchloroethylene have been subjected to rigorous regulations, requiring customers to seek out more ecologically acceptable alternatives. This in turn is driving the growth of the propionyl bromide market during the forecast period. Because of its superior-excellent purity, low diffusion, and non-corrosive nature, propionyl bromide has emerged as an ideal option for conventional solvent chemicals. Increased demand for propionyl bromide for pharmaceutical applications, including, research & development activities in the pharmaceutical industry, is projected to grow the market dimensions of propionyl bromide throughout the forecast period. The global economy might take years to recover from the present recession by analyzing the existing circumstance. Developed countries like Germany, France, the UK, and the USA have reached 8%-to-10% in 2023. Since propionyl bromide is a major consumer, market growth is expected to fall until the mid-term forecast. East Asia was the least impacted and the biggest consumer, which in turn is expected to drive the market growth.Growing pharmaceutical industries globally creates market opportunities
Propionyl bromide is used in the pharmaceutical sector for drug applications. The main advantage of propionyl bromide is to focus on affordable generic medications, which cure ailments. Thus, the pharmaceutical industry's increased growth is likely to fuel market growth.Propionyl Bromide Market Segmentation Analysis
By Type, the propionyl bromide-99% segment is expected to grow at the largest CAGR of nearly xx% during the forecast period. Propionyl bromide, high in concentrate-99 %, has excellent purity & low diffusion, and non-corrosive nature. It is mostly used in drug applications. Increased pharmaceutical research and development activities in the field of illnesses are a fundamental driver of the marketplace. By Application, the pharmaceuticals segment is expected to grow at the largest CAGR of nearly xx% during the forecast period. The major driver increasing the market over the projected period is the focus on affordable generic medications that cure ailments. Propionyl bromide is also utilized in the production of organic chemicals such as propanil, propionyl chloride, and carbonyl. The organic compounds are utilized mostly in paint and coatings and agrochemical and textile use. In turn, this is expected to boost the market during the forecast period.Propionyl Bromide Market Regional Analysis
During the forecast period, North America is likely to maintain its market dominance. Increased demand for generic medications in countries such as Canada and the United States is a significant driver driving the region's market over the forecast period. The propionyl bromide market in South Africa is predicted to rise slowly during the forecast period. The presence of an underdeveloped economy and a lack of technological innovation may limit the growth of the propionyl bromide market during the forecast period. Asia Pacific is poised to grow at a CAGR of 2.5% during the forecast period due to the wide use of Propionyl bromide. East Asia is expected to lead the worldwide Propionyl bromide market share, accounting for more than one-third of worldwide consumption by 2030 thanks to China. With the expansion of chemical companies, people are expected to get exposed to more chemicals and hazardous materials, perhaps leading to a rise in sicknesses and pollution in the surrounding environment. This is projected to raise the need for pharmaceuticals. As a result, demand for propionyl bromide is expected to rise throughout the forecast period. The objective of the report is to present a comprehensive analysis of the Global Propionyl Bromide Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and project the Global Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.Propionyl Bromide Market Scope: Inquire before buying
Propionyl Bromide Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 2.66 Bn. Forecast Period 2024 to 2030 CAGR: 2.1% Market Size in 2030: USD 3.08 Bn. Segments Covered: by Type Propionyl bromide-95% Propionyl bromide-98% Propionyl bromide-99% by Application Pharmaceutical Medical Others Propionyl Bromide Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Propionyl Bromide Market, Key Players
1. Albemarle 2. Chemtura 3. ICL ltd 4. Jordan Bromine 5. Great Lakes 6. Chemada Fine Chemicals 7. Yancheng Longsheng Chemical 8. BASF 9. Eastman 10. Rao A 11. Mitsubishi Gas Chemical 12. Chevron Chemical 13. Chongqing Ziguang Chemical 14. Suqian Xinya Technology 15. ChemturaFrequently Asked Questions:
1. Which region has the largest share in Global Propionyl Bromide Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Propionyl Bromide Market? Ans: The Global Propionyl Bromide Market is growing at a CAGR of 2.1% during forecasting period 2024-2030. 3. What is scope of the Global Propionyl Bromide Market report? Ans: Global Propionyl Bromide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Propionyl Bromide Market? Ans: The important key players in the Global Propionyl Bromide Market are – Albemarle, Chemtura, ICL ltd, Jordan Bromine, Great Lakes, Chemada Fine Chemicals, Yancheng Longsheng Chemical, BASF, Eastman, Rao A, Mitsubishi Gas Chemical, Chevron Chemical, Chongqing Ziguang Chemical, Suqian Xinya Technology, Chemtura. 5. What is the study period of this Market? Ans: The Global Propionyl Bromide Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Propionyl Bromide Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Propionyl Bromide Market 3.4. Geographical Snapshot of the Propionyl Bromide Market, By Manufacturer share 4. Global Propionyl Bromide Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Propionyl Bromide Market 5. Supply Side and Demand Side Indicators 6. Global Propionyl Bromide Market Analysis and Forecast, 2023-2030 6.1. Global Propionyl Bromide Market Size & Y-o-Y Growth Analysis. 7. Global Propionyl Bromide Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. Propionyl bromide-95% 7.1.2. Propionyl bromide-98% 7.1.3. Propionyl bromide-99% 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Pharmaceutical 7.2.2. Medical 7.2.3. Others 8. Global Propionyl Bromide Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Propionyl Bromide Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. Propionyl bromide-95% 9.1.2. Propionyl bromide-98% 9.1.3. Propionyl bromide-99% 9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.2.1. Pharmaceutical 9.2.2. Medical 9.2.3. Others 10. North America Propionyl Bromide Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Propionyl Bromide Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Propionyl Bromide Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Propionyl Bromide Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Propionyl Bromide Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Propionyl Bromide Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Propionyl Bromide Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Propionyl Bromide Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Propionyl Bromide Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Propionyl Bromide Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Propionyl Bromide Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Propionyl Bromide Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Propionyl Bromide Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Propionyl Bromide Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Propionyl Bromide Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Propionyl Bromide Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Propionyl Bromide Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Propionyl Bromide Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Propionyl Bromide Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Propionyl Bromide Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Propionyl Bromide Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Propionyl Bromide Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Propionyl Bromide Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Propionyl Bromide Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Propionyl Bromide Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Propionyl Bromide Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Propionyl Bromide Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Propionyl Bromide Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Propionyl Bromide Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Propionyl Bromide Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Propionyl Bromide Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Propionyl Bromide Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Propionyl Bromide Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Propionyl Bromide Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Propionyl Bromide Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Propionyl Bromide Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. ICL Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Albemarle 45.5. Chemtura 45.6. ICL ltd 45.7. Jordan Bromine 45.8. Great Lakes 45.9. Chemada Fine Chemicals 45.10. Yancheng Longsheng Chemical 45.11. BASF 45.12. Eastman 45.13. Rao A 45.14. Mitsubishi Gas Chemical 45.15. Chevron Chemical 45.16. Chongqing Ziguang Chemical 45.17. Suqian Xinya Technology 45.18. Chemtura 46. Primary Key Insights
