Steady Growth of Agrochemicals & Pharmaceuticals Sectors to Drive Demand for Dibromo Alkane in Parallel: Persistence Market Research

Published On : Sep 12, 2022

The global dibromo alkane market is anticipated to exhibit a CAGR of 4.2% between 2022 and 2032. Dibromo alkanes find a wide range of application in pharma & chemical manufacturing and also the agrochemical sector. Also, increasing use of dibromo alkanes as common intermediates in the synthesis of organic compounds & medicines is likely to drive market growth further over the coming years.

The dibromo alkane market is not a stand-alone industry; rather, it is dependent on a number of end-use industries. The growth of end-use industries such as pharma, agriculture, and chemicals has a direct impact on the target market's growth. Growth of the chemical industry, as well as an increase in chemical manufacturing activities, has significantly contributed to the increasing demand for dibromo alkanes in recent years.

One of the largest consumers of bromine and its derivatives is the pharmaceutical industry. Bromide is used as a raw material in the pharmaceutical industry to create active pharmaceutical ingredients and products such as analgesics, sedatives, and antihistamines. Rising investments in this space and increase in drug approvals by regulatory bodies are expected to fuel drug manufacturing procedures, positively impacting market growth of dibromo alkane.

Key Takeaways from Market Study

  • The global market of dibromo alkanes is estimated to reach a value of US$ 687.7 Mn by the end of 2032.
  • The dibromo methane segment is estimated to expand at 4.6% CAGR through 2032.
  • Chemicals are estimated to remain a key application segment of dibromo alkanes and evolve at 4.7% CAGR over the decade.
  • The North American market is anticipated to create an incremental dollar opportunity of US$ 37.2 Mn over the next ten years.

Key market participants are investing a fair share of their revenue in research & development. Mergers, acquisitions & collaborations are also being witnessed across this industry,” says a Persistence Market Research analyst.

View Report Table of Contents, Figures, and Tables

Competitive Landscape

The global dibromo alkane market has been identified as a fragmented space owing to the large number of market players.

Some of the key players profiled in the report are Mody Chemi Pharma Limited, Dhruv Chem Industries, Israel Chemicals Limited, Albemarle Corporation, Lanxess AG, Tosoh Corporation, Sontara Organo Industries, Nova International, Neogen Chemicals Ltd, Tokyo Chemical Industry Co., Ltd, Zouping Mingxing Chemical Co. Ltd, Alfa Aesar (China) Chemical Co. Ltd, Aarnee International Pvt. Ltd, and Central Drug House Private Limited,.

Manufacturers of dibromo alkanes across the world are increasing their output capacities and going global through mergers, acquisitions, and joint ventures. Major players are devoting a sizable portion of their profits to R&D to bolster their product lines.

Conclusion

The use of dibromo alkane as an intermediate in the manufacturing of dyes, herbicides, pharmaceuticals, and also in various agriculture products are driving market growth.

East Asia is expected to emerge as a key regional market owing to the presence of several end-use industries where the consumption of dibromo alkane is high. South Asia & Pacific is expected to be the fastest-growing market owing to the high growth potential of chemical and other end-use industries in the region.

More Valuable Insights on Offer

Persistence Market Research, a research and consulting firm, has published a new market research report on the global dibromo alkanes market that contains an industry analysis of 2017–2021 and an opportunity assessment for 2022–2032.

The report provides an in-depth analysis of the market through different segments, namely, type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

For additional insights on how the global dibromo alkane market will shape up over the decade, write to media@persistencemarketresearch.com

About Persistence Market Research – Chemicals and Materials

The Chemicals and Materials division of Persistence Market Research offers a distinct and pinpoint analysis of the chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular with special emphasis on ‘green alternatives, recycling, and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Dibromo Alkane Market

Market Study on Dibromo Alkane: Chemicals to Remain Key Application Sector

Dibromo Alkane Market