PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514961
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514961
N-Bromosuccinimide Market, By Content, By Application, By End-user, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
The n-Bromosuccinimide Market size was valued at USD 25.20 Million in 2023, expanding at a CAGR of 4.20% from 2024 to 2032.
N-bromosuccinimide (NBS) is a chemical agent commonly used for bromination and oxidation reactions in the field of chemistry. It is especially valuable for free-radical substitutions and electrophilic additions in unsaturated systems. NBS releases bromine in controlled amounts, which helps in facilitating the substitution process. It is important to handle NBS with caution in a well-ventilated environment, preferably under a fume hood, and with appropriate protective gear. This reagent is known for its versatility in selective bromination and oxidation reactions, offering high efficiency and specificity even under mild conditions.
N-Bromosuccinimide Market- Market Dynamics
Increasing demand for pharmaceuticals and agrochemicals, and the development of new applications for NBS are expected to drive the growth of the market
The global pharmaceutical market is continuously expanding due to various factors, including the aging population, the increasing prevalence of chronic diseases, and advancements in healthcare infrastructure. This growth directly leads to a higher demand for NBS as a crucial reagent in pharmaceutical synthesis. In 2021, the U.S. pharmaceutical industry generated a revenue of USD 550 billion. According to Pharmaceutical Statistics, Americans spent USD 576.9 billion on medicine in the same year. NBS finds its application in the synthesis of agrochemicals, particularly in the production of crop protection chemicals like herbicides, fungicides, and insecticides. Apart from pharmaceuticals and agrochemicals, ongoing research and development efforts are exploring new uses for NBS. These include its utilization in specialty chemicals, polymer additives, and various organic synthesis processes. Additionally, the expansion of chemical manufacturing in emerging markets presents growth opportunities for the market. However, the market growth may face challenges due to raw material dependency and pricing volatility.
N-Bromosuccinimide Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.20% over the forecast period (2024-2032)
Based on Content segmentation, Content 99% was predicted to show maximum market share in the year 2023
Based on End-User segmentation, Pesticides Industry was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
N-Bromosuccinimide Market- Segmentation Analysis:
The Global N-Bromosuccinimide Market is segmented based on Content, Application, End-user, and Region.
The market is segmented into two divisions according to Content: Content 99% and Content 98%. Content 99% holds the majority share in the market. The N-Bromosuccinimide market, specifically for high-purity content (99%), is expected to experience expansion due to its crucial involvement in pharmaceuticals, chemical synthesis, and agrochemicals.
The market is categorized into three segments according to its application: Organic Synthesis, Pharmaceutical Intermediates, Insecticidal Agent, and Others. NBS finds extensive usage in organic synthesis to brominate alkenes, alkynes, and aromatic compounds. Its effectiveness and selectivity in incorporating bromine atoms into organic molecules make it highly valuable.
N-Bromosuccinimide Market- Competitive Landscape:
Recent Developments:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL N-BROMOSUCCINIMIDE MARKET, BY CONTENT- MARKET ANALYSIS, 2019 - 2032
GLOBAL N-BROMOSUCCINIMIDE MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
GLOBAL N-BROMOSUCCINIMIDE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Table of Contents
1. N-Bromosuccinimide Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. N-Bromosuccinimide Market Snippet by Content
- 2.1.2. N-Bromosuccinimide Market Snippet by Application
- 2.1.3. N-Bromosuccinimide Market Snippet by End-User
- 2.1.4. N-Bromosuccinimide Market Snippet by Country
- 2.1.5. N-Bromosuccinimide Market Snippet by Region
3. N-Bromosuccinimide Key Market Trends
4. N-Bromosuccinimide Industry Study
5. N-Bromosuccinimide Market: COVID-19 Impact Analysis
6. N-Bromosuccinimide Market Landscape
7. N-Bromosuccinimide Market - By Content
8. N-Bromosuccinimide Market - By Application
9. N-Bromosuccinimide Market - By End-User
10. N-Bromosuccinimide Market- By Geography
11. Key Vendor Analysis- N-Bromosuccinimide Industry
12. 360 Degree Analyst View
13. Appendix
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE N-Bromosuccinimide Market: Content Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Content
- TABLE Global N-Bromosuccinimide Market, by Content 2019-2032 (USD Million)
- TABLE N-Bromosuccinimide Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Global N-Bromosuccinimide Market, by Application 2019-2032 (USD Million)
- TABLE N-Bromosuccinimide Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Global N-Bromosuccinimide Market, by End-User 2019-2032 (USD Million)
List of Figures
