Bromobenzene Market Analysis, Share, Growth & Forecast [2030]
Bromobenzene Market Analysis, Share, Growth & Forecast [2030]
Segments - Bromobenzene Market by Types (Phenyl magnesium Bromide, Phencyclidine, and Others), Applications (Grignard Reagent, Solvent, Chemical Intermediate, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
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| Report ID :MC-2486
| 4.1 Rating
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| 217 Pages
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Report Description
The global bromobenzene market size is projected to expand at a CAGR of 4% during the forecast period 2021 - 2028. The growth of the market is attributed rising pharmaceutical industry.
Bromobenzene is an aryl halide with the formula C6H5Br. Although old samples may appear yellow, it is a colorless liquid. It is used in organic synthesis as a reagent. Bromobenzene, also known as monobromobenzene and phenyl bromide, is a heavy, colorless liquid with a strong odor.
It is used in the production of synthetic intermediate phenyl magnesium bromide, as an additive to motor oils and crystallizing solvent. The organic layer contains unreacted bromobenzene, biphenyl, and majority of other organic compounds that are not acidic. Bromobenzene has the potential to harm liver and kidneys. Bromobenzene occupational exposure limits have not been established.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for co-polymers and bi-phenyls is projected to drive the market.
- Growing end-user segments in emerging countries has fueled the market.
- Low-cost chlorine substitute compound is estimated to hinder the market growth.
- Development of pharmaceutical industry is anticipated to create immense opportunities for the market players.
Scope of Bromobenzene Market Report
The report on the global bromobenzene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Bromobenzene Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Phenyl magnesium Bromide, Phencyclidine, and Others), Applications (Grignard Reagent, Solvent, Chemical Intermediate, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Hawks Chemical Company, Alfa Aesar, Merck KGaA, Exxon Mobil Corporation, and SONTARA ORGANO INDUSTRIES |
Bromobenzene Market Segment Insights:
The phenylmagnesium bromide segment is projected to hold major market share
Based on types, the global bromobenzene market is segregated into phenylmagnesium bromide, phencyclidine, and others.
The phenylmagnesium bromide segment dominates the market. Major product type of bromobenzene is phenylmagnesium bromide, which is multipurpose Grignard reagent used to prepare secondary amines, benzoic acid, and benzophenones. It is commercially available as THF or diethyl ether. It is also used in coupling reactions, such as Suzuki reactions, to introduce phenyl groups. These reactions are widely used in the synthesis of intermediates used in fine chemicals or pharmaceuticals. It is also used as a precursor in the production of phencyclidine, a dissociative drug.
The Grignard reagent segment is anticipated to expand at a high CAGR during forecast period
On the basis of applications, the bromobenzene market is segregated into Grignard reagent, solvent, chemical intermediate, and others.
The Grignard reagent segment is projected to grow at a rapid pace. The Grignard reagent is an organometallic chemical reaction that involves the addition of alkyl, ally, vinyl, or aryl-magnesium halides to a carbonyl group in an aldehyde or ketone. This reaction is crucial in the formation of carbon–carbon bonds. Any chemical substance produced during the conversion of a reactant to a product is referred to as a chemical intermediate.
Asia Pacific is projected dominate the market
In terms of regions, the global bromobenzene market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
The Asia Pacific bromobenzene market is expected to grow rapidly during the forecast period, owing to increased investment in the region's pharmaceutical industry. Aside from that, the region's co-polymer and plastic industries are growing strongly, which is estimated to have a positive impact on the region's bromobenzene market. The emerging e-commerce and e-retail, as well as increasing demand from the automotive and rapidly growing construction industries, are some of the key factors driving the plastic industry in this region.
Segments
The global bromobenzene market is segmented on the basis of
Types
- Phenylmagnesium Bromide
- Phencyclidine
- Others
End-users
- Grignard Reagent
- Solvent
- Chemical Intermediate
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Hawks Chemical Company
- Alfa Aesar
- Merck KGaA
- Exxon Mobil Corporation
- SONTARA ORGANO INDUSTRIES
Competitive Landscape
The major players in the bromobenzene market include Hawks Chemical Company, Alfa Aesar, Merck KGaA, Exxon Mobil Corporation, and SONTARA ORGANO INDUSTRIES.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Bromobenzene Market Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bromobenzene Market Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bromobenzene Market Market - Supply Chain
4.5. Global Bromobenzene Market Market Forecast
4.5.1. Bromobenzene Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bromobenzene Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bromobenzene Market Market Absolute $ Opportunity
5. Global Bromobenzene Market Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Bromobenzene Market Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Bromobenzene Market Demand Share Forecast, 2019-2026
6. North America Bromobenzene Market Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Bromobenzene Market Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Bromobenzene Market Demand Share Forecast, 2019-2026
7. Latin America Bromobenzene Market Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Bromobenzene Market Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Bromobenzene Market Demand Share Forecast, 2019-2026
8. Europe Bromobenzene Market Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Bromobenzene Market Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Bromobenzene Market Demand Share Forecast, 2019-2026
9. Asia Pacific Bromobenzene Market Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Bromobenzene Market Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Bromobenzene Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Bromobenzene Market Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Bromobenzene Market Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Bromobenzene Market Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Bromobenzene Market Market: Market Share Analysis
11.2. Bromobenzene Market Distributors and Customers
11.3. Bromobenzene Market Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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