Global N-Propyl Bromide Market Analysis
The global n-propyl bromide market is poised to embark on a positive growth trajectory, registering a CAGR of 2% across the forecast period (2020-2030). Growth is attributed to its increased demand as a replacement for trichloroethylene and perchloroethylene. Stringent regulations levied on trichloroethylene and perchloroethylene have forced consumers to move towards more sustainable alternatives. Exceptional cleaning offered by n-propyl bromide and also due to its less toxic nature, it has emerged as an ideal replacement for conventional solvent chemicals.
Growing demand for n-propyl bromide from numerous cleaning applications, including, but not limited to, cold wiping applications, vapor degreasing, optical cleaning, and aerospace applications are set to fuel expansion of the n-propyl bromide market size during the forecast period.
N-Propyl Bromide Market Application Insights
Increasing demand for precision cleaning from applications such as medical implant equipment, artificial joints, aerospace components, and electronics has driven the demand for n-propyl bromide during the historical period (2015-2019). Owing to its high solvency and strong cleaning capabilities, metal cleaning and vapor degreasing applications have become primary consumers of n-propyl bromide. As a result, the metal cleaning and vapor degreasing application segment accounted for over one-third of global consumption in 2019
Efficacy to act as an intermediate, n-propyl bromide has become a key ingredient in the production of insecticides, quaternary ammonium compounds, and flavors and fragrances. The pharmaceuticals sector is identified as one of the largest consumers in the global n-propyl bromide market, and generated a market value of over US$ 9 Mn in 2019. Apart from these aforementioned applications, agrochemicals and electronics are set to result in additional demand for n-propyl bromide during the forecast period. N-propyl bromide is low priced as compared to its alternate cleaning solvents such as Novec and Vertrel, which will remain one of the key driving factors of this market.
Know More Details About the Report
Regional Outlook of N-Propyl Bromide Market
China is the largest semiconductor manufacturer across the globe, due to which, it has driven the consumption of n-propyl bromide for precision cleaning applications during the historical period. This scenario was further assisted by its increased usage as an intermediate in drug production and in the production of agrochemicals.
On the back of China, East Asia is projected to lead the global n-propyl bromide market share, accounting for over one-third of global consumption by 2030. Owing to increasing demand for n-propyl bromide from metal cleaning & vapor degreasing applications, the East Asia market is poised to expand at a CAGR of 2.5% during the forecast period.
On the other hand, the European Chemicals Agency (ECHA) has classified n-propyl bromide as toxic for reproduction, pointing out its adverse effects on sexual functioning with fertility, which will hinder its consumption in European regions.
N-Propyl Bromide Market: Manufacturers
The global n-propyl bromide market is highly consolidated in nature, where the top three players currently account for near half of global production. Albemarle, Shouguang fukang pharmaceutical co. Ltd., and Solaris Chemtech are key stakeholders in the n-propyl bromide market. Players have remained conservative in the market owing to numerous legalizations implemented by various regulatory bodies, such as EPA and ECHA.
In order to leverage the increasing demand from a plethora of applications, n-propyl bromide manufacturers have been offering a range of products. For instance, Albemarle offers ABZOL EG, ABZOL JEG, ABZOL JG, and ABZOL VG for applications such as metal cleaning, vapor degreasing, electronics, and others. Lanxess offers n-propyl bromide for agrochemical, pharmaceutical, metal cleaning, and vapor degreasing applications. Diversified product offerings across a range of applications are set to create lucrative opportunities for suppliers in the n-propyl bromide market space.
Avail customized purchase options for your needs
COVID-19 Impact on N-Propyl Bromide Market
The coronavirus outbreak has forced people to stay under lockdowns in their homes, which has affected production and demand across the globe. Fear of the COVID-19 outbreak has forced countries to halt any kind of import-export across borders. Sudden industrial and transportation shutdowns have hampered the global economy in the last few months. As per WHO and UN stats, loss caused due to the coronavirus outbreak may take years to recover. The coronavirus pandemic has affected every industry and market, including the n-propyl bromide market.
Analyzing the current scenario, the global economy may take years to recover from the current recession. Developed countries such as Germany, France, the United Kingdom, and the United States are poised to contract by 8% to 10% in 2020. With these countries being key consumers of n-propyl bromide, market growth will decline until the midterm forecast. East Asia has been the least affected region and the largest consumer, which will assist market growth during the midterm forecast period.
N-Propyl Bromide Market: About the Report
Fact.MR published an exclusive forecast report on the n-propyl bromide market for 2020 and 2030. The foremost objective of this report on the n-propyl bromide market is to pitch spearhead insights on the market scenario, demand generators and technological advancements in the n-propyl bromide market. Also, the study on the n-propyl bromide market addresses key dynamics that are expected to diversify the sales and future prominence of the n-propyl bromide market.
The report on the n-propyl bromide market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the n-propyl bromide market, elaborating on key segments. The report also outlines visionary insights on the dynamics of the n-propyl bromide market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for n-propyl bromide.
Supply chain analysis and pricing analysis of the n-propyl bromide market along with the difference between n-propyl bromide used as per application have also been included in the report to help readers clearly understand the product framework map in the n-propyl bromide market.
An Adaptive Approach to Modern-day Research Needs
N-Propyl Bromide Market: Segmentation
Fact.MR has segmented the n-propyl bromide market on the basis of function, application, and region.
- Metal Cleaning & Degreasing
- North America
- East Asia
- South Asia & Oceania
- Rest of the World
“This Table of Contents prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
N-Propyl Bromide Market - Scope of the Report
The n-propyl bromide market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020–2030. The study identifies crucial trends that are determining the growth of the n-propyl bromide market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of n-propyl bromide. The report primarily conveys a summary of the market, considering present and upcoming global electronics, pharmaceutical, and agrochemical industry developments, to reveal striking sides relating to the adoption of n-propyl bromide across prominent regional markets.
A detailed assessment of market supply chain analysis, business execution, and value chain analysis across regional markets has been provided in the report. A list of prominent companies operating in the n-propyl bromide market enhances the reliability of this comprehensive research study.
N-Propyl Bromide Market: Report Summary
The study offers an inclusive analysis on diverse features, including demand, revenue generation, and sales by key players in the n-propyl bromide market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. Analysis and estimation of price point comparison by region with the global average price has been included in this study.
N-Propyl Bromide Market: Analysis on Market Size Evaluation
Existing predictions of the n-propyl bromide market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
Market estimation at the regional and global scale of n-propyl bromide is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of prominent n-propyl bromide market segments, along with market attractiveness valuation computes, have been incorporated in the report. Metrics mentioned above are also based on n-propyl bromide types, where n-propyl bromide witnesses steady demand.
N-Propyl Bromide Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on the n-propyl bromide market, which deliver projections on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the n-propyl bromide market during the forecast period.
Country-specific valuation on the demand for n-propyl bromide has been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of the dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
N-Propyl Bromide Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the n-propyl bromide market, along with the profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers who are principally engaged in the production and supply of n-propyl bromide has been presented with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.