This market research report segments the global bronopol market by application (water treatment, formulators, oil and gas, paper and pulp, paints, coatings, and adhesives, and others) and by geography (APAC, EMEA, North America, and ROW). The key leading vendors identified in the market are BASF, DOW Chemicals, Shanghai Rich Chemicals, Sharon laboratories, and Fujian Shaowu.
Technavio has released a new market research report on the global bronopol market, which is expected to grow at a CAGR of around 5% between 2016 and 2020. Bronopol or 2-bromo-2-nitropropane-1,3-diol is used in the treatment of recirculating water systems in industrial applications due to its minimal impact on health and biodegradable properties. It acts as a microstatic and microbicidal agent, curbing the growth of microbes, thereby preventing damage and operational breakdowns in industries. APAC is the largest market for bronopol, owing to the recent increase in the demand for water treatment chemicals. Low-end, harmful chemicals are readily being replaced by new-age water treatment technologies.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Since bronopol has minimal effects on health, developing countries are encouraging its use over chlorine-based disinfectants, bleaching agents, and other harmful chemicals that resist degradation and disrupt the ecological balance. This increase in demand for bronopol will bolster this market’s growth potential during the forecast period,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research
Currently, the water-treatment segment dominates the global bronopol market, occupying close to 35% of the total market share. Bronopol is extensively used in water cooling systems in heavy industries including petrochemical plants, iron and steel mills, power plants, and oil refineries. Factors such as its biodegradable properties and minimal ecological impact will aid in the growth of this market segment during the forecast period.
Segmentation of global bronopol market by application 2020
Source: Technavio, 2016
The key vendors in the global bronopol market are BASF, DOW Chemicals, Shanghai Rich Chemicals, Sharon laboratories, and Fujian Shaowu. The market is extremely fragmented and characterized by the dominance of large vendors and a few small players. The competitive environment is expected to increase with the establishment of several manufacturing facilities in developing countries. However, this market has been disrupted by the entry of many small- and medium-scale manufacturers that produce Bronopol in small formulations and sell at competitive prices.
A more detailed analysis is available in the Technavio report, Global Bronopol Market 2016-2020.
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