N-Bromosuccinimide Market Size to Worth $28.5 Million by 2032 | CAGR: 3.2%: AMR
The global N-Bromosuccinimide market is experiencing growth due to its extensive applications in organic synthesis, particularly for bromination reactions. Additionally, its role as a mild and selective brominating agent in pharmaceutical and chemical industries contributes to its demand. Increasing research and development activities in drug discovery and synthesis further fuels the growth of the N-Bromosuccinimide market.
Wilmington, Delaware , April 10, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, *"**N-**Bromosuccinimide** Market** by Content (Content 99%, Content 98%), and Application (Pharmaceutical Industry, Pesticides Industry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032"*. According to the report, the "N-bromosuccinimide market" was valued at $21.1 million in 2022, and is estimated to reach $28.5 million by 2032, growing at a CAGR of 3.2% from 2023 to 2032. *Prime determinants of growth*
The global N-Bromosuccinimide market is experiencing growth due to its wide application in organic synthesis, pharmaceuticals, and chemical industries due to its effectiveness as a brominating agent. However, the regulatory constraints and potential environmental concerns hinders market growth to some extent. Moreover, the growing demand for pharmaceuticals and specialty chemicals, particularly in emerging economies offers remunerative opportunities for the expansion of the N-Bromosuccinimide market.
*Download Sample Pages of Research Overview:* *https://www.alliedmarketresearch.com/request-sample/A56526*
*Report coverage & details:*
*Report Coverage* *Details* Forecast Period 2023–2032 Base Year 2022 Market Size In 2022 $21.1 Million Market Size In 2032 $28.5 Million CAGR 3.2% No. Of Pages In Report 200 Segments Covered Content, Application, And Region. Drivers The Escalating Demand For N-Bromosuccinimide (NBS) In Water Treatment Increase In Demand From The Pharmaceutical Industry Opportunities Technological Innovations Restraint Health And Safety Issues
*The content 99% segment is expected to grow faster throughout the forecast period*
Based on the content, the content 99% segment held the highest market share in 2022, accounting for more than half the global N-Bromosuccinimide market revenue and is likely to retain its dominance throughout the forecast period. This can be attributed to the fact that N-Bromosuccinimide (NBS) is primarily used in organic synthesis as a mild and selective brominating agent. Its 99% content ensures high purity, crucial for precise reactions. NBS is particularly useful for brominating allylic and benzylic positions in organic compounds, facilitating various transformations like halogenation, dehydrohalogenation, and radical substitution reactions. It finds application in the synthesis of pharmaceuticals, agrochemicals, and specialty chemicals. Additionally, NBS is employed in laboratory settings for experimental research, especially in the preparation of alkyl bromides from alcohols and in the synthesis of bromohydrins from alkenes. Its versatility and purity make it a valuable tool in organic chemistry.
*The pesticides industry segment is expected to lead the trial by 2032*
Based on the application, the pharmaceutical industry segment held the highest market share in 2022, accounting for nearly half of the global N-Bromosuccinimide market revenue and is likely to retain its dominance throughout the forecast period. This can be attributed to the fact that N-Bromosuccinimide (NBS) finds extensive application in the pharmaceutical industry as a selective brominating agent. It is utilized in the synthesis of various pharmaceutical intermediates and active compounds, facilitating the introduction of bromine atoms into organic molecules. NBS enables specific bromination reactions, crucial for modifying drug molecules to enhance their bioactivity, stability, or selectivity. Its controlled bromination capability is particularly valuable in the preparation of complex pharmaceutical compounds, aiding in the development of novel drugs and optimizing existing ones. NBS's versatility and reliability make it an indispensable tool in pharmaceutical research and development, contributing significantly to drug discovery and production processes.
*Procure Complete Report (**200** Pages PDF with Insights, Charts, Tables, and Figures) @* *https://bit.ly/49vxFs4*
However, the pesticides industry segment is projected to manifest the highest CAGR of 3.6% from 2023 to 2032. This can be attributed to the fact that N-Bromosuccinimide (NBS) finds application in the pesticides industry as a versatile reagent for halogenation reactions, particularly in the synthesis of brominated pesticides. It is used to introduce bromine atoms selectively onto various organic compounds, enhancing their pesticidal activity or altering their chemical properties for improved efficacy. NBS enables controlled bromination without extensive side reactions, ensuring the production of high-quality pesticide formulations. Additionally, its stability and ease of handling make it a preferred choice in pesticide synthesis processes, contributing to the development of novel and effective pest control solutions.
*Asia-Pacific to **maintain** its dominance by 2032*
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global N-Bromosuccinimide market revenue and is expected to rule the roost in terms of revenue throughout the forecast timeframe. The N-Bromosuccinimide (NBS) market in the Asia-Pacific region is experiencing steady growth driven by increasing demand from various industries such as pharmaceuticals, chemical synthesis, and polymers. The rise in research and development activities, coupled with the growing emphasis on environmental sustainability, is further fueling market expansion. Key players in the region are focusing on product innovation and strategic collaborations to gain a competitive edge. Additionally, favorable government policies promoting industrial growth and investments in infrastructure are expected to bolster market prospects in the Asia-Pacific region.
*Want to Access the Statistical Data and Graphs, Key Players' Strategies:* *https://www.alliedmarketresearch.com/n-bromosuccinimide-market/purchase-options*
*Players: *
· NANJING SURU CHEMICAL CO., LTD.
· HALIDES CHEMICALS PVT. LTD.
· ANHUI WOTU CHEMICAL CO., LTD.
· YIZHENG EAST CHEMICAL CO., LTD.
· JIANGXI DASUO CHEMICAL CO., LTD
· PURECHA GROUP
· ZHEJIANG KENTE CATALYSTS TECHNOLOGIES CO., LTD.
· SAMUH LAXMI CHEMICALS (BOM) P. LTD
· RESINS & ALLIED PRODUCTS MAHARASHTRA, INDIA
· MODY CHEMI PHARMA LTD.
The report provides a detailed analysis of these key players in the global N-Bromosuccinimide market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
*About Us*
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
*Contact:*
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
*Web: *www.alliedmarketresearch.com
*Allied Market Research Blog: *https://blog.alliedmarketresearch.com
*Blog: *https://www.newsguards.com/
*Follow Us on | *Facebook* | *LinkedIn* | *YouTube* |*