N-Bromosuccinimide Market Overview:
The global N-bromosuccinimide market size was valued at USD 19.53 Million in 2022 and is expected to reach USD 21.11 Million by 2030, growing at a CAGR of 1.1% during the forecast period.
NBS is a white, crystalline solid readily soluble in nonpolar solvents. It is a valuable brominating agent due to its selectivity, ease of handling, and relatively low cost.
N-bromosuccinimide (NBS) is a versatile organic compound widely used as a brominating agent in various industries. The global N-bromosuccinimide market is experiencing steady growth, driven by its increasing demand in pharmaceuticals, agrochemicals, and chemical intermediates. This report provides a comprehensive overview of the N-bromosuccinimide market, covering key aspects like N-bromosuccinimide market dynamics, key players, segmentation, regional analysis, and recent developments.
N-Bromosuccinimide Market Drivers:
Rising demand from the pharmaceutical industry: The growing demand for new and effective drugs is driving the need for efficient and selective bromination reagents like NBS.
Increasing adoption in agrochemicals: N-Bromosuccinimide is used in the development of various herbicides, insecticides, and fungicides, contributing to the growth of the agrochemicals market.
Expansion of the chemical intermediates market: NBS finds application in the production of flame retardants, dyes, and polymers, propelling the market for chemical intermediates.
N-Bromosuccinimide Market Key Players:
Merck KGaA
Harikrishna Enterprise
Halides Chemicals Pvt. Ltd.
Hairui Chemical
Haihang Industry Co Ltd
Purecha Group
Mody Chemi-Pharma Ltd
PACIFIC ORGANICS PVT. LTD.
Hangzhou Longshine Bio-Tech CO. Ltd
Spectrum Chemical
N-Bromosuccinimide Market Segmentation:
By Purity: Above 99%, 99%, and Less than 99%
By Application: Organic Synthesis, Pharmaceutical Intermediates, Insecticidal Agent, and Others
By End-User: Chemical Industry, Pharmaceutical Industry, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
N-Bromosuccinimide Market Regional Analysis:
Asia Pacific is expected to be the fastest-growing region due to the booming pharmaceutical and agrochemicals markets.
North America and Europe hold significant market shares due to the presence of established pharmaceutical and chemical industries.
Latin America and the Middle East & Africa are expected to witness moderate growth in the coming years.
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