According to the latest market survey conducted by Future Market Insights, the global Bronopol market is relishing a market valuation of US$ 1.15 billion in 2022 and is all set to expand with a CAGR of 5.1% during the 2023 to 2033 period. The market is anticipated to top a valuation of US$ 1.95 Billion by the end of the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 1.15 Billion |
| Market Size 2033 | US$ 1.95 Billion |
| Value CAGR (2023 to 2033) | 5.1% |
| Collective Value Share: Top 3 Countries (2023E) | 45% - 55% |
Bronopol is a water-soluble organic compound. It is a colorless compound derived from the bromination of di (hydroxymethyl)-nitromethane. It is available as crystals or crystalline powder, usually in white or yellowish shades, depending on the grade of iron content. It is highly active against fungi, bacteria, and yeasts and has high purity and tensile strength. Its biocidal uses include disinfection, product preservation, and preservation of fibers, leather, and rubber. Due to its antibacterial properties, it is widely used in the manufacture of pharmaceuticals, cosmetics, and personal care products such as lotions, cosmetics, perfumes, and shampoos.
Bronopol is a brominated compound biocide used in a variety of industrial processes such as the oil and gas, paper and pulp, paint and coatings industries, as well as in personal hygiene and cosmetics, cleaning agents, metalworking fluids and water treatment systems, and as a Preservatives in medicinal liquids and oral medicinal solutions.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Over the period of time covered by the study (2017 to 2021), Bronopol is witnessed great interest from researchers and professionals of various disciplines for various high-value applications. The market for Bronopol was recorded to grow at a phenomenal CAGR of 4.3% between 2017 and 2021, mostly due to the rising demand for various applications such as fertilizer, glass manufacturing, fashion jewelry, and others.
Whereas, as per the latest survey conducted by FMI, the Bronopol market is expected to progress at a CAGR of 5.1% between 2023 and 2033. Bronopol is available in solid and liquid forms. As a result, end users are provided with a variety of options to deal with bacterial issues during production. Major manufacturers usually set up bromine compound production facilities in-house or near third-party bromine production plants to reduce production costs, as transportation and handling costs are minimized, and by-product inorganic bromine can be used for other industrial uses.
Bronopol's suppliers focus on research and development activities to meet the customized requirements of end users to perform various operations. Leading players have been following growth strategies of product innovations, collaborations, and acquisitions to expand their global presence in this market. Given the critical nature of the product's applications, demand is likely to rise steadily over the next few years.
The global increase in demand for potable water is a key factor driving the market growth. Bronopol is widely used in several water treatment plants to meet this growing demand as it kills various types of bacteria present in the water and makes it suitable for drinking. As water is an integral part of industrial and residential activities, it further boosts product demand. In addition, industrial water systems are potential environments for bacterial growth, and bronopol helps prevent contamination from corrosion and slime in industrial water circulation equipment. In addition, rising water consumption across the globe due to the increasing population has resulted in increased demand for bronopol due to its application in wastewater treatment systems. Increased health awareness among end users regarding pathogens and bacterial growth has increased in recent years, which in turn is expected to positively impact the global demand for bronopol.
Growing emphasis on improving the production processes and workplace hygiene conditions will be one of the major drivers driving the demand for bronopol in the industrial sector. Moreover, the demand for bronopol in cleaning products is expected to remain high for the treatment of healthcare-associated infections in the healthcare sector.
Paints and coatings applications of bronopol are also expected to present growth opportunities owing to increasing demand for coatings in new construction and building maintenance applications. In the oil and gas sector, rising hydraulic fracturing techniques used to drill shale gas formations to prevent corrosion and production problems that may be caused by bacterial contamination will support growth.
Despite the increasing use of bronopol in various industries, some concerns about availability and safety are expected to recede in the coming years. The ongoing global economic slowdown is one of the major restraints for the bronopol industry in developed markets such as Europe and North America. Bronopol demand is likely to be impacted by rising raw material prices and complex compliance structures in the coming years.
Principal Consultant
The solid segment is expected to dominate the global bronopol market in 2023 and is expected to continue this dominance during the forecast period. This is attributed to its use as a microbicide/microbiota in oil field systems, air washer systems, air conditioning/humidifying systems, cooling water systems, papermills, absorbent clays, metal working fluids, printing inks, paints, adhesives, and consumer/institutional products.
The coagulants and flocculants segment is expected to grow rapidly in the global bronopol market over the forecast period owing to increasing demand from water treatment plants to kill bacteria and pathogens from the water.
The growing demand for potable water across the globe is the key factor driving the growth of the market. Bronopol is widely used in different water treatment plants to meet this ever-growing demand as it kills various types of bacteria present in the water and makes it drinkable. Since water forms an indispensable part of industrial and residential activities, it further contributes to the demand for products. Additionally, industrial water systems are a potential environment for bacterial growth and bronopol helps prevent contamination through corrosion and sludge in industrial water recirculation systems. Additionally, growing health awareness among consumers regarding diseases caused by waterborne pathogens and bacterial growth is catalyzing the growth of the market. Additionally, growing businesses in the oil and gas industry where bronopol is used to prevent corrosion due to bacterial contamination in hydraulic fracturing equipment are driving demand for the product.
North America is expected to witness moderate growth in the market. This is driven by new product innovations catering to the specific needs of end-user processes, which is expected to positively impact the demand for bronopol in the region.
The market is expected to expand at the fastest rate in the Asia Pacific region owing to the growing coatings industry required by new infrastructure in emerging economies such as India, Vietnam, Thailand, and Indonesia. Rising consumer inclination towards eco-friendly and sustainable products, significant growth of various applications, such as paints and coatings, water treatment, etc., and the increasing presence of Bronopol manufacturing companies along with various government stringent regulations are some of the prominent factors driving the demand for Bronopol in the region.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The major Bronopol market players are focusing on expanding their capabilities and resources to meet the growing demand for Bronopol in various applications. Additionally, prominent players are adopting collaboration and joint venture strategies to increase their reach and resources. Several major players are also launching new products to meet the growing demand for innovative products in various end industries.
Various assessments and findings presented in the study helps identify prevailing opportunities and new areas in key and emerging regions. The study takes a closer look at developments in the manufacturing industry and the important trends that will underpin new applications.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Companies Profiled | BASF; DOW Chemicals; Shanghai Rich Chemicals; Sharon Laboratories; Fujian Shaowu; Gayathri Chemicals; Sai Supreme Chemicals; Mani Agro Chemicals; Ramdev Chemicals; Symbolic Pharma; Weifang Haihua Yuanda Fine Chemicals; BQ Technology (HK) Company; Wuhan Fortuna Chemical; Mani Agro Chemicals; Other Key Players |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global Bronopol market reached over US$ 1.15 Billion
During the forecast period, the global Bronopol market is estimated to expand at a CAGR of 5.1% from 2023 to 2033.
The global Bronopol market is projected to reach US$ 1.95 Billion by the end of 2033.
The key players operating in the Bronopol market are BASF, DOW Chemicals, Shanghai Rich Chemicals, Sharon Laboratories, Fujian Shaowu, Gayathri Chemicals, Sai Supreme Chemicals, Mani Agro Chemicals, Ramdev Chemicals, Symbolic Pharma, Weifang Haihua Yuanda Fine Chemicals, BQ Technology (HK) Company, Wuhan Fortuna Chemical, Mani Agro Chemicals, and among others.
Explore Chemicals & Materials Insights
View Reports
Bronopol Market
