Dibromo Alkane Market

Dibromo Alkane Market Study by Dibromo Methane, Dibromo Ethane, and Dibromo Propane for Agriculture, Pharmaceuticals, Chemicals, and Consumer Goods from 2024 to 2034

Analysis of Dibromo Alkane Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Dibromo Alkane Market Outlook (2024 to 2034)

With forecasts to increase at a CAGR of 4%, the global dibromo alkane market size is expected to grow from a valuation of US$ 595.6 million in 2024 to US$ 881.6 million by the end of 2034. The market is creating lucrative opportunities for suppliers and producers due to extensive use of dibromo alkane in the agriculture industry.

Dibromo alkanes are synthesized using ethylene and bromine, as well as through the utilization of acetylene and hydrobromic acid. Additionally, they can be manufactured by the reaction of ethylene gas with bromine in a classic halogen addition process. Revenue from dibromo alkane sales is expected to increase significantly as its application in pesticides grows.

Dibromo alkanes are colorless liquids with a sweet odor, and they possess a boiling point of 131 °C to 132 °C, making them suitable for industries requiring high melting points. Moreover, they exhibit antimicrobial properties, rendering them effective pesticides capable of eliminating unwanted microorganisms in vegetation. Furthermore, dibromo alkanes are utilized as quarantine fumigants for tropical fruits and pungent vegetables.

Key Market Growth Drivers

  • After the forced retirement of dibromo chloropropane, farmers in the market started to use dibromo alkanes as a replacement for pesticides in soil.
  • Dibromo alkanes have broad applications in the synthesis of various organic compounds, including those containing modified diazocine rings and vinyl bromide, which serves as a precursor to certain fires. Product sales are on the rise as their utilization in the production of other compounds is increasing.
  • In organic synthesis, dibromo alkanes function as a source of bromine to brominate carbanions and activate magnesium for specific Grignard reagents. Suppliers have observed a rise in demand due to this, leading to expanded profit margins.
  • In pharmaceuticals, these alkane compounds are utilized for their antimicrobial and antifungal properties. The chemical industry employs them as intermediates in synthesizing complex molecules, further driving market opportunities for suppliers to broaden their customer base.
  • In consumer goods, they act as flame retardants in products such as textiles and electronics. With the electronics industry flourishing, the demand for dibromo alkanes is projected to increase at a moderate pace over the forecast period.
  • Dibromo alkanes are used in the production of leaded gasoline to prevent engine knocking, a factor that has heightened demand for dibromo alkanes in the gasoline industry.
Report Attribute Detail
Dibromo Alkane Market Size (2024E) US$ 595.6 Million
Forecasted Market Value (2034F) US$ 881.6 Million
Global Market Growth Rate (2024 to 2034) 4% CAGR
Canada Market Growth Rate (2024 to 2034) 4.5% CAGR
China Market Value (2034F) US$ 185.5 Million
North America Market Share (2024E) 28.6%
East Asia Market Share (2034F) 38.4%
Key Companies Profiled Gulf Resources Inc.; Mody Chemi Pharma Limited; Dhruv Chem Industries; Israel Chemicals Limited; Albemarle Corporation; Lanxess AG; Tosoh Corporation; Sontara Organo Industies; Nova International; Central Drug House Private Limited; Zouping Mingxing Chemical Co.; Tokyo Chemical Industry Co. Ltd.

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Which Key Dynamics are Significant for Dibromo Alkane Manufacturers?

“Rising Need for Intermediates of Dibromo Alkanes”

Demand for organic and specialized chemicals is growing owing to increased pharmaceutical and medication manufacturing, as well as the production of insecticides and other chemical products. Dibromo alkanes function as intermediates and raw materials in synthesizing a variety of organic compounds and insecticides. The rising need for intermediates in the chemical industry, particularly for insecticides, dyestuffs, and certain organic compounds, is poised to bolster future market expansion.

Utilization of this chemical as a laboratory reagent is also anticipated to contribute to market growth due to increased expenditure in research and development (R&D). Given its extensive use as a laboratory chemical, numerous firms, companies, and universities are investing heavily in R&D. Research aimed at reducing the number of required stages is also forecasted to drive dibromo alkane market growth in the coming years.

“Lower Production Costs in Developing Nations Compared to Developed Countries”

Increasing stringency of regulations governing the production and usage of hazardous chemicals, especially in developed nations, has prompted major companies to shift their focus to the Asia Pacific region, where the chemical sector faces less stringent regulations. Moreover, developing countries benefit from lower production costs compared to industrialized nations.

Demand for dibromo alkanes and other bromine derivatives is on the rise in the Asia Pacific region and BRICS countries, driven by the growth of end-use industries such as specialty chemicals, dyes, insecticides, pharmaceuticals, and medications, among others.

What Challenges are Producers of Dibromo Alkanes Facing?

“Gradual Shift toward Eco-friendly Pesticides”

In recent years, there has been a shift away from heavy reliance on chemical pesticides due to growing concerns about environmental and health impacts, as well as the promotion of sustainable food production. The food and agricultural sectors have advocated for integrated pest management, promoting the use of natural predators and bio-pesticides over chemical counterparts to mitigate the adverse effects of pesticides.

Several countries are exploring alternative techniques to supplant the use of chemical pesticides. This calls for increased government support, a challenging endeavor given the complexity of systems, opposition from farmers, and high consumption rates. Conversely, the escalating demand for alternatives is expected to somewhat limit the use of dibromo alkanes in the coming years.

“Stringent Government Regulations on Chemical Usage”

Regulations surrounding ethylene dibromide, a toxic chemical known for contaminating water and posing health risks when used as a soil fumigant, serve as the main obstacle to market growth. Its current ban in the United States limits expansion within the region. Concerns regarding the adverse effects of brominated flame retardants on human health may hinder market growth during the forecast period. Exposure to this gas can result in eye irritation, throat and lung infections, and acute exposure may lead to fatal internal organ damage and consequences.

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Country-wise Evaluation

The market in Canada is projected to expand at a CAGR of 4.5% from 2024 to 2034, and the country is estimated to occupy a dibromo alkane market share of 16.8% in the North American region by 2034.

Which Factors are Improving the Profitability of Dibromo Alkane Suppliers in the United States?

“Government Initiatives to Strengthen Industrial Sector Fueling Need for Bromine Derivatives”

Attribute United States
Market Value (2024E) US$ 122.1 Million
Growth Rate (2024 to 2034) 4.4% CAGR
Projected Value (2034F) US$ 188.6 Million

The United States’ industrial sector is exhibiting significant growth, with the chemical industry gaining momentum. The market for dibromo alkanes in the country has been primarily influenced by macroeconomic and industrial factors, including economic expansion, the growth of the manufacturing sector, a substantial increase in pharmaceutical production, and the expansion of agrochemical sectors.

Over the coming years, the country's demand for bromine derivatives is projected to increase. Government initiatives aimed at bolstering the nation's industrial sector are projected to further contribute to the expansion of the dibromo alkane market size. Dibromo alkanes possess qualities such as adhesiveness and sealant properties, which are in high demand across various sectors, thus strengthening demand within the country.

Which Sectors are Contributing Substantially to Market Growth in China?

“Market Benefitting from Growth of Chemical, Pharmaceutical, and Agrochemical Sectors”

Attribute China
Market Value (2024E) US$ 123.7 Million
Growth Rate (2024 to 2034) 4.1% CAGR
Projected Value (2034F) US$ 185.5 Million

Over the past few decades, China's industrial sector has exhibited substantial growth. The nation also stands as a major producer and consumer of chemicals and specialized chemical products, which is a major dibromo alkane market trend. Forecasts indicate significant growth in industrial sectors like chemicals, pharmaceuticals, and agrochemicals, which is projected to create new market opportunities for dibromo alkane suppliers in China.

Category-wise Insights

Different types of dibromo alkanes are available for end users. Sales of dibromo methane are forecasted to increase at a CAGR of 4.1% from 2024 and 2034.

Which Type of Dibromo Alkane is Widely Used across Industries?

“Increased Utilization of Dibromo Ethane as Solvent and Gauge Fluid and in Organic Synthesis”

Attribute Dibromo Ethane
Segment Value (2024E) US$ 101.8 Million
Growth Rate (2024 to 2034) 4.8% CAGR
Projected Value (2034F) US$ 162.2 Million

Dibromo ethane is used as a solvent, gauge fluid, and in organic synthesis. Its sweet odor enhances its utility in diverse fields, including agriculture. Industry suppliers have ramped up dibromo ethane production to meet market demand. The production of dibromo ethane is increasing to meet the rising demand in the marketplace.

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Market Competition

Key players in the dibromo alkane market are focusing on acquiring medium-sized firms to expand their global footprint and consumer base. Companies are also striving to improve their production capacity to increase sales volumes by meeting rising demand from major end-use industries. Key industry companies are also investing in expanding their supply chain networks into new markets.

  • In September 2019, Israel Chemicals Ltd. announced plans to increase the capacity of its bromine compound manufacturing to roughly 25,000 MT per year.
  • Lanxess AG purchased Chemtura in April 2017, establishing itself as North America's second-largest bromine producer.

Fact.MR provides detailed information about the price points of key manufacturers of dibromo alkanes positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Key Segments of Dibromo Alkane Market Research

  • By Type :

    • Dibromo Methane
    • Dibromo Ethane
    • Dibromo Propane
    • Others
  • By Application :

    • Agriculture
    • Pharmaceuticals
    • Chemicals
    • Consumer Goods
  • By Region :

    • North America
    • Latin America
    • Eastern Europe
    • Western Europe
    • East Asia
    • South Asia & pacific
    • Middle East & Africa

- FAQs -

What is the size of the dibromo alkane market in 2024?

The global market for dibromo alkane is calculated at a value of US$ 595.6 million in 2024.

What are the future projections for the market for dibromo alkane?

The market for dibromo alkane is forecasted to reach US$ 881.6 million by the end of 2034.

At what rate is the market projected to grow through 2034?

Sales of dibromo alkane are forecasted to increase at 4% CAGR between 2024 and 2034.

What pace is the South Korean market projected to expand?

The market in South Korea is forecasted to expand at a CAGR of 7.3% through 2034.

What is the market size of dibromo alkane in Canada?

The market in Canada is projected to generate revenue worth US$ 43.1 million by 2034.

Which type of dibromo alkane is widely used in industries?

Dibromo methane is forecasted to account for 29.1% share of the global market by 2034.

What are the top dibromo alkane manufacturers?

Top manufacturers include Gulf Resources Inc., Mody Chemi Pharma Limited, Dhruv Chem Industries, Israel Chemicals Limited, and Albemarle Corporation

- Also of Interest -

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Dibromo Alkane Market

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