Bromobenzene Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72499

Snapshot

The bromobenzene market share is expected to increase by USD 34.11 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.61%.

This bromobenzene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bromobenzene market segmentation by product (phenylmagnesium bromide and phencyclidine) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The bromobenzene market report also offers information on several market vendors, including AB Enterprises, B Joshi Agrochem Pharma, Bhavika Chemicals Corp., Bromorganics Corp., ChemSampCo LLC, Heranba Industries Ltd., Krishna Solvechem Ltd, Mody Chemi-Pharma Ltd., Neogen Chemicals Ltd., Otto Chemie Pvt. Ltd., RXChemicals, SAM Laboratories Pvt. Ltd., Simson Pharma Ltd., Sisco Research Laboratories Pvt. Ltd., Sontara Organo Industries, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Toronto Research Chemicals Inc., Yancheng Longshen Chemical Co. Ltd., and Merck KGaA among others.

What will the Bromobenzene Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Bromobenzene Market Size for the Forecast Period and Other Important Statistics

Bromobenzene Market: Key Drivers, Trends, and Challenges

The growing pharmaceutical market is notably driving the bromobenzene market growth, although factors such as fluctuating prices of benzene in the domestic markets of various countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bromobenzene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bromobenzene Market Driver

One of the key factors driving growth in the bromobenzene market is the growing pharmaceutical market. Bromobenzene has application in the pharmaceutical industry. Bromobenzene introduces a phenyl group via palladium-catalyzed coupling reactions, also called the Suzuki reaction. The Suzuki coupling reaction is scalable and cost-effective for use in the synthesis intermediates for pharmaceuticals. The growing pharmaceutical market will drive the demand for bromobenzene. The global life expectancy recorded a substantial increment during the past couple of years. With the increase in average life expectancy, global pharmaceutical sale is expected to rise during the forecast period. The growing aging population is expected to increase the sales of prescription drugs. The growth of the market has further been augmented by the ongoing COVID-19 pandemic, which has increased the demand for pharmaceuticals across the world. The growth in the sales of pharmaceutical products is expected to increase the demand for bromobenzene.

Key Bromobenzene Market Trend

The rising application of benzoic acid is another factor supporting the bromobenzene market share growth. Phenylmagnesium bromide is a versatile Grignard reagent used to prepare benzoic acid. The rising application of benzoic acid is driving the demand for phenylmagnesium bromide. Recently, benzoic acid demand has been increasing due to the increasing demand for packaged food. Benzoic acid and its derivative compounds act as food preservatives in packaged food. Factors such as the increasing awareness of healthy eating and living, increased per capita income and expenditure, and rapid economic development has led to a significant increase in the demand for processed and packaged foods. Chemical manufacturing, metal processing, paper and pulp, automotive, textile processing, and paints and pigments applications are expected to foster the demand for benzoic acid during the forecast period. Such factors will influence the market growth.

This bromobenzene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bromobenzene market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bromobenzene market during the forecast period.

Who are the Major Bromobenzene Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the bromobenzene market encompasses successful business strategies deployed by the key vendors. The bromobenzene market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to retain their existing market shares to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bromobenzene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bromobenzene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bromobenzene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bromobenzene Market?

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51% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for bromobenzene in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid industrialization, population growth, and urbanization in the countries of this region will facilitate the bromobenzene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 impacted many end-users industries of bromobenzene. Due to lockdowns, the production of bromobenzene was also reduced in the region. However, with the ongoing COVID-19 vaccination drives, the number of COVID-19 cases is expected to subside during the forecast period. The operations at manufacturing sites are expected to rebound during the forecast period, which is anticipated to increase the demand for benzene across the end-user industries, including the chemical manufacturing industry.

What are the Revenue-generating Product Segments in the Bromobenzene Market?

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The bromobenzene market share growth by the phenylmagnesium bromide segment will be significant during the forecast period. Phenylmagnesium bromide is a versatile Grignard reagent used to prepare benzoic acid, secondary amines, benzophenones, and other chemicals. Benzoic acid has application in multiple industries like food preservatives in the food and beverage industry because of its excellent solubility and anti-fungal characteristics. Benzoic acid is extensively used in the food and beverage, pharmaceutical, adhesive and sealant, coating, and chemical industries.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bromobenzene market size and actionable market insights on post COVID-19 impact on each segment.

Bromobenzene Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.61%
Market growth 2022-2026	$ 34.11 million
Market structure	Fragmented
YoY growth (%)	4.36
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 51%
Key consumer countries	US, Canada, China, South Korea, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AB Enterprises, B Joshi Agrochem Pharma, Bhavika Chemicals Corp., Bromorganics Corp., ChemSampCo LLC, Heranba Industries Ltd., Krishna Solvechem Ltd, Mody Chemi-Pharma Ltd., Neogen Chemicals Ltd., Otto Chemie Pvt. Ltd., RXChemicals, SAM Laboratories Pvt. Ltd., Simson Pharma Ltd., Sisco Research Laboratories Pvt. Ltd., Sontara Organo Industries, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Toronto Research Chemicals Inc., Yancheng Longshen Chemical Co. Ltd., and Merck KGaA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bromobenzene Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive bromobenzene market growth during the next five years
Precise estimation of the bromobenzene market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the bromobenzene industry across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of bromobenzene market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Phenylmagnesium Bromide - Market size and forecast 2021-2026
- Exhibit 28: Chart on Phenylmagnesium Bromide - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Phenylmagnesium Bromide - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Phenylmagnesium Bromide - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Phenylmagnesium Bromide - Year-over-year growth 2021-2026 (%)

5.4 Phencyclidine - Market size and forecast 2021-2026
- Exhibit 32: Chart on Phencyclidine - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Phencyclidine - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Phencyclidine - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Phencyclidine - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 South Korea - Market size and forecast 2021-2026
- Exhibit 70: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 Bromorganics Corp.
- Exhibit 93: Bromorganics Corp. - Overview
- Exhibit 94: Bromorganics Corp. - Product / Service
- Exhibit 95: Bromorganics Corp. - Key offerings

10.4 ChemSampCo LLC
- Exhibit 96: ChemSampCo LLC - Overview
- Exhibit 97: ChemSampCo LLC - Product / Service
- Exhibit 98: ChemSampCo LLC - Key offerings

10.5 Heranba Industries Ltd.
- Exhibit 99: Heranba Industries Ltd. - Overview
- Exhibit 100: Heranba Industries Ltd. - Product / Service
- Exhibit 101: Heranba Industries Ltd. - Key offerings

10.6 Merck KGaA
- Exhibit 102: Merck KGaA - Overview
- Exhibit 103: Merck KGaA - Business segments
- Exhibit 104: Merck KGaA - Key news
- Exhibit 105: Merck KGaA - Key offerings
- Exhibit 106: Merck KGaA - Segment focus

10.7 RXChemicals
- Exhibit 107: RXChemicals - Overview
- Exhibit 108: RXChemicals - Product / Service
- Exhibit 109: RXChemicals - Key offerings

10.8 Sisco Research Laboratories Pvt. Ltd.
- Exhibit 110: Sisco Research Laboratories Pvt. Ltd. - Overview
- Exhibit 111: Sisco Research Laboratories Pvt. Ltd. - Product / Service
- Exhibit 112: Sisco Research Laboratories Pvt. Ltd. - Key offerings

10.9 Sontara Organo Industries
- Exhibit 113: Sontara Organo Industries - Overview
- Exhibit 114: Sontara Organo Industries - Product / Service
- Exhibit 115: Sontara Organo Industries - Key offerings

10.10 Thermo Fisher Scientific Inc.
- Exhibit 116: Thermo Fisher Scientific Inc. - Overview
- Exhibit 117: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 118: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 119: Thermo Fisher Scientific Inc. - Segment focus

10.11 Tokyo Chemical Industry Co. Ltd.
- Exhibit 120: Tokyo Chemical Industry Co. Ltd. - Overview
- Exhibit 121: Tokyo Chemical Industry Co. Ltd. - Product / Service
- Exhibit 122: Tokyo Chemical Industry Co. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources

11.5 List of abbreviations
- Exhibit 129: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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