Global N-Bromosuccinimide Market growing at a CAGR of 1.1 % from 2023 to 2030
Category : Materials And Chemicals | Published Date : May 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the N-Bromosuccinimide market is predicted to grow at a compound annual growth rate of 1.1% from 2023 to 2030 and is expected to reach USD 21.11 million in 2030 which was valued at USD 19.53 Million in 2022.
The report highlights the increasing adoption of N-Bromosuccinimide in the pharmaceutical industry as an intermediate is proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the N-Bromosuccinimide market.
Global N-Bromosuccinimide Market By Overview
The N-Bromosuccinimide market is bifurcated into purity, application, and end-use industry. Based on purity the market is segmented into above 99%, 99%, and less than 99%, in 2022, the 99% segment dominate in the overall N-Bromosuccinimide market. The application segment is categorized into organic synthesis, pharmaceutical intermediates, insecticidal agent, and others. In 2022, the pharmaceutical intermediates segment accounted for the highest market share in the N-Bromosuccinimide market. The end-use industry segment is categorized into chemical industry, pharmaceutical industry, and others. In 2022, the pharmaceutical industry segment accounted for the highest market share in the N-Bromosuccinimide market.
Get Free SampleMarket Dynamics
Driver:
- The growth of the pharmaceutical industry is driving the market growth.
- The rising adoption of N-Bromosuccinimide in the chemicals industry is augmenting the N-Bromosuccinimide market growth.
Restraints:
- Health hazards associated with N-Bromosuccinimide are restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Purity | Above 99%, 99%, and Less than 99% |
| By Application | Organic Synthesis, Pharmaceutical Intermediates, Insecticidal Agent, and Others |
| By End-use Industry | Chemical Industry, Pharmaceutical Industry, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Merck KGaA, Harikrishna Enterprise, Halides Chemicals Pvt. Ltd., and Hairui Chemical which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and are cost-effective as compared to conventional sequencing. Furthermore, the N-Bromosuccinimide market is expected to witness substantial growth in the coming years due to the growing investment in pharmaceutical research and increasing adoption in the chemicals industry.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Merck KGaA
- Harikrishna Enterprise
- Halides Chemicals Pvt. Ltd.
- Hairui Chemical
- Haihang Industry Co Ltd
- Purecha Group
- Mody Chemi-Pharma Ltd
- PACIFIC ORGANICS PVT. LTD.
- Hangzhou Longshine Bio-Tech CO., Ltd
- Spectrum Chemical
