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Growth in Pharmaceutical Industry Expected to Drive World 1-Bromopropane Market over the Forecast Period: Ken Research

Global 1-Bromopropane Market
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Global 1-Bromopropane MarketThe key benefits are no flash point (nonflammable), superior acid neutralization, no chlorine, superior solvency  (kb value = 130), minimal non-volatile residue, rust formation prevention, non-hazardous air pollutant, U.S. EPA SNAP (Significant New Alternative Policy) approved, non-hazardous waste (not regulated by dot for transportation), non-ozone layer depleting (atmospheric life span of only 11-19 days), biodegrades rapidly in the environment (hydrolysis in water with half-life of 19 days), low global warming potential, non-hazardous decomposition and short environmental life.

According to study, “World 1-Bromopropane Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world 1-bromopropane market are Albemarle, Weifang Longwei Industrial, Chemtura, Shandong Tongcheng Medicine Technology, Solaris Chemtech (SCIL), Shandong Moris Tech, Yancheng Longsheng Chemical, Shouguang Luyuan Salt Chemical, Shenrunfa, ICL Industrial Products, Shouguang Fukang Pharmaceutical, Nova International, Yancheng Jinbiao Chemical, Shandong Rongyuan, Yixing Chengyuan, Yancheng City Shengda, Shouguang Fukang, Chemours, Dhruv Chem, Shenrunfa, Tulstar Products, Changzhou Jinda, Huaian Liebang Kangtai, Yancheng Biaoye, Great Lakes, Enviro Tech International, Nova International, Rudong Yongtai, Shandong Tianxin, Huaian Xinxin. 1-bromopropane is a concerted industry with bromine producers foremost the market. Small privately owned enterprises usually engage in specific area, like dyestuff and pharmaceutical.

Based on product type, 1-bromopropane market is segmented into 99.0% 1-bromopropane, 99.5% 1-bromopropane and 99.9% 1-bromopropane. 99.0% 1-bromopropane is non-corrosive in nature, has low diffusivity and high purity. Based on packaging, market is segmented into 5 gal. Pails, totes, drums, and bulk. In addition, based on end-use industry, market is segmented into pharmaceutical industry, industrial cleaning solvent, plastics industry, electronics industry and others.

The 1-bromopropane market is driven by increase in research & development activities in the pharmaceutical industry, followed by growth in pharmaceutical industry and rise in use in medicinal & chemical intermediate applications. However, lack of technological advancements may impact the market. Moreover, growth in innovative products is a key opportunity for market.

Based on geography, China country holds major share in 1-bromopropane market owing to increase in population and rise in demand for medicines in the country. USA country is expected to witness higher growth rate due to rise in government initiatives and presence of key manufacturers over the forecast period. The global market is expected to grow at a CAGR of approximately 0.3% over the next five years, will reach US $290 million in 2024, from US $280 million in 2019.

For more information, click on the link below:

Global 1-Bromopropane Market    

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91 9015378249

The post Growth in Pharmaceutical Industry Expected to Drive World 1-Bromopropane Market over the Forecast Period: Ken Research appeared first on Ken Research.



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Growth in Pharmaceutical Industry Expected to Drive World 1-Bromopropane Market over the Forecast Period: Ken Research

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